News
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US ethane exports to China hit new roadblock with licence requirement
Two VLGCs wait to load ethane for China -Kpler, LSEG13 tankers due to load ethane for China in June -KplerEnterprise warns ethane, butane exports to China could fallBy Siyi Liu and Arathy Somasekhar SINGAPORE/HOUSTON, May 30 (Reuters) - Chinese purchases of U.S. ethane, a key petrochemical feedst...Reuters
Fri, May 30
PRECIOUS-Gold heads for weekly loss as dollar ticks higher, US inflation report in focus
May 30 (Reuters) - Gold prices fell on Friday and were headed for weekly loss amid a slight uptick in dollar, while investors awaited a key U.S. inflation report that may provide further insight into the Federal Reserve's policy trajectory.Reuters
Fri, May 30
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $60.41 per barrel, down from Thursday’s close at $60.61.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.08 after its previous daily close at $63.30.
Fxstreet
Fri, May 30
TECHNICALS-CBOT soybeans may fall into $10.31-3/4 to $10.37 range
For more technical analyses, please click SINGAPORE, May 30 (Reuters) - The CBOT soybean July contract SN25 may break support of $10.41-3/4 per bushel, and fall into $10.31-3/4 to $10.37 range. A wave C from $10.73-1/4 has briefly travelled below its 86.4% projection level of $10.41-3/4. Chances are...Reuters
Fri, May 30
Global airlines to address trade war, net-zero uncertainties at annual summit
Airlines body IATA holding CEO meeting in New Delhi from Sunday to TuesdayPassenger numbers at record levels, but airlines face fare and cost pressures, delivery delaysEnvironmental targets under pressure amid SAF shortagesBy Lisa Barrington and Abhijith Ganapavaram NEW DELHI, May 30 (Reuters) - ...Reuters
Fri, May 30
Gold price slides below $3,300 amid a mildly positive USD; focus remains on US PCE
Gold price (XAU/USD) struggles to capitalize on the previous day's strong recovery move from the $3,246-3,245 region, or over a one-week low, and attracts fresh sellers during the Asian session on Friday.
Fxstreet
Fri, May 30
Japan to send a senior official to Alaska energy conference
TOKYO, May 30 (Reuters) - Japan's Economy, Trade and Industry Minister Yoji Muto said on Friday that a senior official will attend an energy conference in Alaska early next week, where the proposed $44 billion Alaska LNG project is expected to be discussed.Takehiko Matsuo, the ministry's Vic...Reuters
Fri, May 30
China says made progress in talks about resuming Japanese seafood imports
BEIJING, May 30 (Reuters) - China and Japan held another round of talks on the trade of Japanese aquatic products, at which both sides made "substantial progress", according to a statement from China's General Administration of Customs on Friday.The Japanese government said China has agr...Reuters
Fri, May 30
GRAINS-Wheat poised to end week lower on supply pressure, soybeans down
Wheat down 1.2% this week, corn down 2.6%, soybeans 1.5% lowerHigher Russian exports, improved India yields weigh on wheatImproved U.S. weather adds pressure on soybean, corn futuresBy Naveen Thukral SINGAPORE, May 30 (Reuters) - Chicago wheat edged higher on Friday, with bargain-buying supportin...Reuters
Fri, May 30
GRAINS-Wheat poised to end week lower on supply pressure
SINGAPORE, May 30 (Reuters) - Chicago wheat edged higher on Friday, with bargain-buying supporting prices, although the market is poised for a first weekly decline in three weeks on expectations of higher exports from Russia and improved yields in India.Reuters
Fri, May 30
Oil prices set for weekly drop with tariff legal battles, OPEC+ in focus
By Colleen Howe BEIJING, May 30 (Reuters) - Oil prices were on track to end the week down more than 1% on Friday amid whipsawing tariff rulings in the U.S. and as the market braced for a potential OPEC+ output hike.Brent crude futures LCOc1 slipped 26 cents, or 0.41%, to $63.89 a barrel by 0104 G...Reuters
Fri, May 30
PREVIEW-Global airlines to address trade war, net-zero uncertainties at annual summit
Airlines body IATA holding CEO meeting in New Delhi from Sunday to TuesdayPassenger numbers at record levels, but airlines face cost pressures, delivery delaysAviation safety to be in focus after a spate of recent accidentsBy Lisa Barrington and Abhijith Ganapavaram NEW DELHI, May 30 (Reuters) - ...Reuters
Fri, May 30
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 30 (Reuters) - Contract Target Support/Resistance Brent oil $63.46/$63.11res $64.38/$64.80Palm oil (3rd month)3,886/3,860 ringgitres 3,912/3,945 ringgitWTI* $60.48/$59.87/$59.45res $61.47/$62.08Spot gold$3,272res $3,330/$3,348/$3,365LME c...Reuters
Fri, May 30
US terminal operator warns its ethane, butane exports to China could fall
May 29 (Reuters) - Enterprise Products Partners EPD.N on Thursday said its ethane and butane exports could be hurt by a U.S. Department of Commerce requirement that it apply for a license to export to China.The United States has ordered a broad swathe of companies to stop shipping goods, including e...Reuters
Thu, May 29
US Cash Grains-Soy, corn basis bids unchanged in quiet trade
CHICAGO, May 29 (Reuters) - Spot soybean and corn basis bids were steady as farmers focused on seeding the remainder of their crop, dealers said. Chicago corn futures fell on Thursday as beneficial weather patterns moved through growing areas, analysts said.Cheap South American crops also weighed on...Reuters
Thu, May 29
Court battle over Trump tariffs prolongs shipper uncertainty as holiday season nears
Trump tariff uncertainty sidelines importersPort of Los Angeles May volume down double-digits from last yearHoliday shipping season off to soft start at Port of Los AngelesBy Lisa Baertlein LOS ANGELES, May 29 (Reuters) - Importer uncertainty ahead of the vital holiday ocean shipping season remai...Reuters
Thu, May 29
