News
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Gold price surges past $3,280 on US Moody’s downgrade and geopolitical risks
Gold price advances for the second straight day on Tuesday as the Greenback continues to print losses due to uncertainty about trade policies and the fiscal health of the United States (US) following last Friday’s Moody’s US debt downgrade.
Fxstreet
Wed, May 21
Argentina approves $2.5 bln Rio Tinto lithium mining project
By Lucila Sigal BUENOS AIRES, May 20 (Reuters) - Argentina's government on Tuesday approved a $2.5 billion lithium mining project by Anglo-Australian giant Rio Tinto RIO.L, RIO.AX, marking the first mining project under a new investment incentive regime.The approval of Rio Tinto's Rincon ...Reuters
Wed, May 21
CIF/FOB Gulf Grain-Soy barge bids firm; corn softens in quiet trade
CHICAGO, May 20 (Reuters) - Soybeans basis bids for barges delivered to U.S. Gulf Coast terminals firmed on Tuesday, while corn barge bids eased, pulling back from the previous day in subdued trade, brokers said.A slow pace of farmer selling supported the market, restricting grain movement from the ...Reuters
Tue, May 20
ICE canola ends higher on supply-driven worries
May 20 (Reuters) - ICE canola futures rose on Tuesday following Monday's Canadian market holiday, led by the nearby July contract on concerns about tightening old-crop supplies of the oilseed due to brisk demand, traders said.• July canola RSN5 settled up $15.60 at $718.30 per metric ton while n...Reuters
Tue, May 20
US Cash Crude-Coastal grades ease for second straight session
May 20 (Reuters) - Coastal grades eased for a second day on Tuesday, dealers said, as demand for U.S. exports weakened and European and Asian countries looked set to seek more barrels from OPEC+ producers as they raise output.Mars eased 10 cents, while Southern Green Canyon eased 30 cents. WTI Midla...Reuters
Tue, May 20
Iran faces U.S. without Plan B as nuclear red lines collide
Differences over enrichment put nuclear talks in balanceNo deal would expose Iran to sanctions, military threat, unrestIran would strengthen ties with China, Russia, officials sayBy Parisa Hafezi and John Irish DUBAI/PARIS, May 20 (Reuters) - While rising U.S.-Iran tensions over Tehran's uran...Reuters
Tue, May 20
US natgas prices jump 10% on lower output, higher demand and technical buying
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 3% over five-year normalBy Scott DiSavinoMay 20 (Reuters) - U.S. natural gas futures soared about 10% on Tuesday on a decline in daily output, forecasts for more demand next week, long-term forec...Reuters
Tue, May 20
US oil futures ease after API reports surprise increase in domestic crude stocks
Investing.com -- U.S. crude oil futures slipped below post-settlement levels Tuesday after the American Petroleum Institute reported an unexpected increase in weekly domestic crude stockpiles.Crude OiInvesting.com
Tue, May 20
LIVESTOCK-CME cattle futures mixed as US supply report looms
CHICAGO, May 20 (Reuters) - Chicago Mercantile Exchange live and feeder cattle were mixed on Tuesday, as market participants adjusted their positions ahead of a monthly government report that is expected to show fewer cattle in U.S. feedlots compared to a year ago, traders said.CME August live cattl...Reuters
Tue, May 20
EU, Britain go ahead with new Russia sanctions without waiting for Trump
Sanctions target shadow fleet of oil tankers, financial firmsZelenskiy urges more pressure on Russia for ceasefireRussia says it rejects ultimatumsItalian PM says Pope willing to host talksBy Andrew Gray, Sam Tabahriti and Susan Heavey BRUSSELS/LONDON/WASHINGTON May 20 (Reuters) - The EU and Brit...Reuters
Tue, May 20
US expected to declare Biden fuel economy rules exceeded legal authority
By David Shepardson WASHINGTON, May 19 (Reuters) - The U.S. Transportation Department is expected to declare that fuel economy rules issued under then President Joe Biden exceeded the government's legal authority by including electric vehicles in setting the rules, automaker officials said Mo...Reuters
Tue, May 20
GRAINS-CBOT wheat extends rally on crop rating drop, Chinese heat wave concerns
Weaker dollar, US crop rating decline boost wheat futuresChina's heat wave raises questions about winter wheat crops in key provincesHeavy rains in Argentina cause flooding, affect soy fieldsBy P.J. Huffstutter CHICAGO, May 20 (Reuters) - Chicago Board of Trade wheat futures surged to a two-w...Reuters
Tue, May 20
CBOT wheat closes higher on short-covering, decline in US crop rating
CHICAGO, May 20 (Reuters) - Chicago Board of Trade wheat futures surged to a two-week high on Tuesday, as a weaker dollar and unexpected decline in U.S. crop ratings encouraged more short-covering after prices hit a five-year low last week, market analysts said.CBOT July soft red winter wheat WN25 c...Reuters
Tue, May 20
CBOT soybeans close on South American crop questions, spillover support from corn and wheat
CHICAGO, May 20 (Reuters) - Chicago Board of Trade soybean futures turned higher on Tuesday amid short-covering and choppy trading, as market participants tried to glean information about whether recent rains have caused material damage to South America's crop.Soybeans also gained spillover supp...Reuters
Tue, May 20
Oil prices little changed on geopolitical uncertainty, weak China demand signals
Iran opposes US demand to stop enriching uraniumEU and Britain announce new sanctions against RussiaUpcoming: US oil inventory data from API and EIABy Scott DiSavino NEW YORK, May 20 (Reuters) - Oil prices were little changed on Tuesday due to uncertainty in U.S.-Iran negotiations and Russia-Ukra...Reuters
Tue, May 20
Chicago corn futures rise as wheat rally fuels market
CHICAGO, May 20 (Reuters) - Chicago Board of Trade corn futures hit a one-week high on Tuesday, following a rally in the wheat market, as traders watched for news about U.S. trade talks, market analysts said.CBOT July corn CN25 settled up 7 cents at $4.54-1/2 a bushel. December corn CZ25, which repr...Reuters
Tue, May 20
Brazil chicken exporters brace for cargo rejections amid bird flu outbreak
China among nations to reject chicken cargos in transit amid bird flu outbreak Brazilian meat processors to deal with additional logistics costsSome chicken cargos in transit may be redirected, meat lobby saysBy Ana Mano and Roberto Samora SAO PAULO, May 20 (Reuters) - Countries, including China,...Reuters
Tue, May 20
