News
Important Only
TECHNICALS-CBOT soybeans may rise towards $10.38 to $10.51-1/2 range
For more technical analyses, please click SINGAPORE, Aug 15 (Reuters) - The CBOT soybean November contract SX25 may stabilize around support at $10.27 per bushel, and rise towards the $10.38 to $10.51-1/2 range.The contract is consolidating within a big wedge, which follows the 0.864 Fibonacci ratio...Reuters
Fri, Aug 15
METALS-Copper set to end week up on supply concerns, Antofagasta's higher earnings
By Lucas Liew Aug 15 (Reuters) - Copper prices are set to end the week higher on supply concerns in Zambia and robust half-year earnings from Chilean producer Antofagasta.Three-month copper on the London Metal Exchange CMCU3 was flat at $9,766 per metric ton as of 0250 GMT on Friday, but is set ...Reuters
Fri, Aug 15
China warns western companies against stockpiling rare earths, FT reports
Aug 15 (Reuters) - China is warning western companies against stockpiling rare earths or risk even greater shortages, as Beijing tightly controls supply of the metals that are vital for electric vehicles and other defense and civilian sectors, the Financial Times reported on Thursday. Reuters could ...Reuters
Fri, Aug 15
GRAINS-Corn rises but higher output estimates keep prices near contract lows
CANBERRA, Aug 15 (Reuters) - Chicago corn futures rose slightly on Friday, but were down almost 2% over the week and near contract lows after larger estimates of U.S. and Brazilian crops underscored how well-supplied the global market is.Soybean futures steadied after profit-taking took the momentum...Reuters
Fri, Aug 15
PRESS DIGEST-British Business - August 15
Aug 15 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Unite UTG.L will cement its position as Britain's biggest student landlord after agreeing to buy rival Empi...Reuters
Fri, Aug 15
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Aug 15 (Reuters) - Contract Target Support/Resistance Brent oil $67.20/$68.05/$69.43sup $66.52/$65.83/$64.98Palm oil (3rd month)4,412/4,455 ringgitsup 4,388/4,367/4,347 ringgitWTI* $64.74/$65.53sup $63.46/$62.66Spot gold$3,322/$3,302res $3,34...Reuters
Fri, Aug 15
US Plains HRW Wheat-Basis flat as futures fall
CHICAGO, Aug 14 (Reuters) - Spot basis bids for hard red winter wheat were unchanged in a spot check of locations in the southern U.S. Plains on Thursday as futures eased for a third straight session. Protein premiums for railcar wheat shipped to and through Kansas City fell 10 cents for wheat with ...Reuters
Thu, Aug 14
CIF/FOB Gulf Grain-Corn basis bids steady to lower; soy weaker amid lack of China demand
Corn bids were steady to lower on Thursday, while basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals weakened amid a lack of Chinese export demand, traders said.CIF Gulf corn barges loaded in August were offered at around 84 cents over Chicago Board of Trade September CU25 futur...Reuters
Thu, Aug 14
Forestry giant Copec's profit dips as revenue beats forecasts
Aug 14 (Reuters) - Chilean industrial conglomerate Empresas Copec COPEC.SN on Thursday posted an 21% drop in second-quarter profit although revenue surpassed expectations, as the forestry giant faces falling pulp prices and impacts from the U.S.-China trade war.Net profit for the three months ended ...Reuters
Thu, Aug 14
Brazil's BRF dodges bird flu trade disruptions, posts Q2 gains
By Ana ManoSAO PAULO, Aug 14 (Reuters) - Brazilian food processor BRF BRFS3.SA, the world's largest chicken exporter, said on Thursday it earned 735 million reais ($136 million) in the second quarter despite disruptions from a bird flu outbreak in May that triggered trade bans.The company, which...Reuters
Thu, Aug 14
Plastic pollution talks go into overtime as countries push for late breakthrough
Talks at risk of ending with no dealRace for compromise go into overtime Oil producing nations oppose virgin plastics curbsBy Olivia Le Poidevin and Emma Farge GENEVA, Aug 14 (Reuters) - Talks to create the world's first legally binding treaty to tackle plastic pollution went into overtime on...Reuters
Thu, Aug 14
Louisiana refinery gasoline unit work to start on Friday, Shell says
By Erwin SebaHOUSTON, Aug 14 (Reuters) - Shell SHEL.L said on Thursday that a planned overhaul on the gasoline-producing unit at its 231,827 barrel-per-day Norco, Louisiana, refinery would begin on Friday, confirming a Reuters report.People familiar with plant operations told Reuters on Wednesday th...Reuters
Thu, Aug 14
Expand Energy ousts CFO Mohit Singh
Aug 14 (Reuters) - Expand Energy EXE.O said on Thursday Mohit Singh, its chief financial officer since 2021, has left the natural gas producer, effective August 13.Singh departed due to a termination without cause and will pursue other interests, the company said.Expand Energy and Singh did not imme...Reuters
Thu, Aug 14
Brazil's BRF posts Q2 net profit of $136 mln, dodging bird flu trade disruptions
SAO PAULO, Aug 14 (Reuters) - Brazilian food processor BRF BRFS3.SA, the world's largest chicken exporter, said it earned 735 million reais ($136 million) in the second quarter despite trade disruptions caused by an outbreak of bird flu in May, which triggered trade bans.The company, which also ...Reuters
Thu, Aug 14
Forestry giant Copec's profits dip even as revenues beat forecasts
Aug 14 (Reuters) - Chilean industrial conglomerate Empresas Copec COPEC.SN on Thursday posted an 21% drop in second quarter profit, landing at $228 million, from revenues that edged down 1% to $7.18 billion.Revenues for the firm, which owns a large forestry business as well as fuel distribution, min...Reuters
Thu, Aug 14
CatIQ: Calgary’s July hailstorm caused C$92 million in insured damages
By Mia MacGregorAug 14 - (The Insurer) - The hailstorm that hit Calgary on July 13 has resulted in nearly C$92 million ($66.6 million) in insured damages, according to initial estimates from Catastrophe Indices and Quantification (CatIQ). Vehicle damage accounted for 65% of all claims stemming from ...Reuters
Thu, Aug 14
CANADA-CRUDE-Discount on Western Canada Select narrows
Aug 14 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 narrowed on Thursday.WCS for September delivery in Hardisty, Alberta, settled at $11.75 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $...Reuters
Thu, Aug 14
