News
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RPT-COLUMN-Bearish funds flee turbulent copper and turn to aluminium: Andy Home
By Andy Home LONDON, May 19 (Reuters) - The prospect of U.S. import tariffs on copper has been a bonanza for physical metal traders, but the resulting price turbulence has been a big headache for fund managers. Ever since U.S. President Donald Trump ordered an investigation into copper imports in...Reuters
Tue, May 20
GRAINS-Wheat inches higher but improved US crop weather limits gains
CANBERRA, May 20 (Reuters) - Chicago wheat futures edged higher on Tuesday amid concerns that frosts in Russia and dry conditions in China could damage output, but improved cropping conditions in the United States limited gains, holding prices near last week's five-year low.Reuters
Tue, May 20
WGC-TotalEnergies CEO aims to lift force majeure on Mozambique LNG project
By Colleen Howe BEIJING, May 20 (Reuters) - TotalEnergies TTEF.PA will seek Mozambique's approval to lift a force majeure declaration on its $20-billion liquefied natural gas (LNG) project there and resume construction by mid-summer, Chief Executive Patrick Pouyanne said on Tuesday.Covered by...Reuters
Tue, May 20
Silver Price Forecast: XAG/USD falls toward $32.00 amid potential Russia-Ukraine ceasefire
Silver price (XAG/USD) continues its decline for the third consecutive session, trading near $32.20 per troy ounce during Tuesday’s Asian session. The metal’s weakness comes as optimism over a potential ceasefire between Russia and Ukraine reduces demand for safe-haven assets.
Fxstreet
Tue, May 20
TECHNICALS-CBOT soybeans to revisit low of $10.36-1/2
For more technical analyses, please click SINGAPORE, May 20 (Reuters) - The CBOT soybean July contract SN25 is expected to revisit the recent low of $10.36-1/2 per bushel, as it is about to break support at $10.47-1/4.So much of bounce from $10.36-1/2 has been reversed that the chance of the bounce ...Reuters
Tue, May 20
METALS-London copper edges lower as tariff uncertainty lingers
NEW DELHI, May 20 (Reuters) - Copper prices in London were slightly lower on Tuesday amid fading enthusiasm over the 90-day tariff truce between the U.S. and China, the top consumer of the metal.Benchmark copper CMCU3 on the London Metal Exchange (LME) was down 0.3% at $9,499.5 a metric ton as of 02...Reuters
Tue, May 20
PRECIOUS-Gold eases as Russia-Ukraine ceasefire optimism curbs safe-haven demand
Trump says Russia-Ukraine to start immediate talks on ceasefireFed officials take cautious view on U.S. markets amid downgradeSeveral Fed officials scheduled to speak later in the dayBy Anushree Mukherjee.Reuters
Tue, May 20
GRAINS-Wheat slips on expectations of strong US production
CANBERRA, May 20 (Reuters) - Chicago wheat futures edged lower on Tuesday as expectations of a large harvest in the United States held prices close to last week's five-year low despite concerns that frosts in Russia and dry conditions in China could damage crop production. Corn and soybean futu...Reuters
Tue, May 20
Gold Price Forecast: XAU/USD holds below $3,250 on modest US Dollar strength
The Gold price (XAU/USD) edges lower to around $3,230 during the early Asian session on Tuesday, pressured by a modest US Dollar (USD) rebound. However, the concerns over the US economic health after Moody's downgrades the US national credit rating might cap its downside.Fxstreet
Tue, May 20
Valero Reports Power Disruption At Corpus Christi, Texas West Refinery
May 19 (Reuters) - VALERO ENERGY CORP VLO.N:REPORTS AN UNANTICIPATED THIRD-PARTY POWER DISRUPTION AT CORPUS CHRISTI, TEXAS WEST PLANTSAYS POWER DISRUPTION RESULTED IN LOSS OF ELECTRICAL POWER TO MULTIPLE PIECES OF EQUIPMENTSAYS "AS A RESULT, PROTECTIVE SAFETY SHUTDOWN SEQUENCES WERE AUTOMATICALL...Reuters
Tue, May 20
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 20 (Reuters) - Contract Target Support/Resistance Brent oil $65.88/$66.24/$66.67sup $64.91/$64.44/$63.75Palm oil (3rd month)3,946/3,981 ringgitsup 3,866/3,839/3,795 ringgitWTI* $63.37/$63.81sup $62.31/$61.50/$60.78Spot gold$3,176/$3,135re...Reuters
Tue, May 20
RPT-Oil prices rise on signs of faltering US-Iran nuclear talks
By Laila Kearney May 20 (Reuters) - Oil prices edged up on Tuesday on a potential breakdown in talks between the U.S. and Iran over Tehran's nuclear program and the weakened prospects of more Iranian oil supplies entering the global market.Brent futures LCOc1 rose 12 cents to $65.66 a barrel ...Reuters
Tue, May 20
Oil prices rise on signs of faltering US-Iran nuclear talks
By Laila Kearney May 20 (Reuters) - Oil prices edged up on Tuesday on a potential breakdown in talks between the U.S. and Iran over Tehran's nuclear program and the weakened prospects of more Iranian oil supplies entering the global market.Brent futures LCOc1 rose 12 cents to $65.66 a barrel ...Reuters
Tue, May 20
PRECIOUS-Gold eases as Russia-Ukraine ceasefire optimism curb safe-haven demand
May 20 (Reuters) - Gold prices eased on Tuesday, as a firmer dollar and optimism over a potential ceasefire between Russia and Ukraine dampened investor demand for safe-haven assets. FUNDAMENTALS* Spot gold XAU= was down 0.4% at $3,217.50 an ounce, as of 0024 GMT. U.S. gold futures GCcv1 also slippe...Reuters
Tue, May 20
WTI edges higher above $62.00 as US-Iran nuclear talks stall
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.10 during the Asian trading hours on Tuesday. The WTI price edges higher on signs of a breakdown in US negotiations with Iran over its nuclear program, while Moody's downgrades the US national credit rating.Fxstreet
Mon, May 19
CIF/FOB Gulf Grain-Corn barge bids strengthen on exporter demand
CHICAGO, May 19 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast terminals firmed on Monday in response to exporter demand for the grain and thin farmer offerings, traders said.CIF Gulf corn barges loaded in May were bid at 68 cents over Chicago Board of Trade (CBOT) July corn C...Reuters
Mon, May 19
