News
Important Only
GRAINS-Soybean prices rebound, improved US weather limits upside
Soybeans up after 2 sessions of losses, bargain buying supportsWheat firms on worries over Chinese crop conditions; corn risesSINGAPORE, May 19 (Reuters) - Chicago soybean futures edged higher on Monday, with prices rising for the first time in three sessions on bargain-buying, although improved U.S...Reuters
Mon, May 19
Gold price struggles to capitalize on modest intraday gains to $3,250 area
Gold price (XAU/USD) attracts buyers during the Asian session on Monday as a surprise downgrade of the US government's credit rating tempers investors' appetite for riskier assets and boosts demand for traditional safe-haven assets.Fxstreet
Mon, May 19
Goldman remains cautious on oil prices as higher Iranian supply prospects weigh
May 18 (Reuters) - Goldman Sachs said on Sunday it is retaining a cautious outlook on oil prices, as pressure from likely elevated Iranian supply and higher OECD commercial inventories will offset support from stronger global GDP growth."We are maintaining our Brent/WTI oil price forecasts of $6...Reuters
Mon, May 19
Brazil hopes China, other countries may loosen trade bans over bird flu
Brazil's chicken exports account for more than 35% of global tradePotential 10%-20% Brazil export drop if outbreak spreads, analyst warnsBy Lisandra Paraguassu and Roberto Samora BRASILIA, May 19 (Reuters) - Brazil's poultry industry is reeling from the country's first bird flu outbre...Reuters
Mon, May 19
GRAINS-Soybeans ease for third session on US weather; wheat, corn firm
SINGAPORE, May 19 (Reuters) - Chicago soybean futures lost more ground on Monday, with prices coming under pressure from improved U.S. growing conditions. Wheat inched higher as dryness in China's key growing areas supported prices, while corn firmed on bargain-buying after last session'...Reuters
Mon, May 19
Moody’s Downgrades U.S. Credit Rating, Treasury Secretary Threatens Tariff Restoration, Gold Prices Surge!
The U.S. credit rating was downgraded by Moody’s, and the Treasury Secretary threatened to reinstate reciprocal tariffs, triggering a surge in gold prices amid heightened risk aversion.TradingKey
Mon, May 19
Gold players keep faith despite trade truce-induced correction
Spot gold heads for worst week since NovemberGold likely to rise than to fall from here - analystGold hit all-time high of $3,500.05/oz last monthBy Brijesh Patel May 16 (Reuters) - Gold prices have fallen almost 10% from a record high just above $3,500 per ounce in April as a de-escalation in U....Reuters
Mon, May 19
Japan halts some poultry imports from Brazil after bird flu outbreak
By Yuka Obayashi TOKYO, May 19 (Reuters) - Japan has suspended imports of poultry meat from the southern Brazilian city of Montenegro and live poultry from the wider state of Rio Grande do Sul following a bird flu outbreak, an official at Japan's agriculture ministry said on Monday. The ban t...Reuters
Mon, May 19
METALS-London copper rises as dollar drifts lower
NEW DELHI, May 19 (Reuters) - Copper prices in London rose slightly on Monday following some weakness in the dollar, although U.S. President Donald Trump's renewed tariff threat checked gains.Benchmark copper CMCU3 on the London Metal Exchange (LME) was up 0.2% at $9,465.5 a metric ton as of 021...Reuters
Mon, May 19
Gold advances to near $3250 due to safe-haven demand, US economic concerns
Gold (XAU/USD) is recovering from recent losses, trading near $3,230 per troy ounce during Monday’s Asian session. The rebound is fueled by increased demand for safe-haven assets amid rising concerns over the US economic outlook and fiscal health.Fxstreet
Mon, May 19
Oil little changed as investors eye Iran-US talks, China data
By Florence Tan SINGAPORE, May 19 (Reuters) - Oil prices were little changed on Monday with investors eyeing the outcome of Iran-U.S. nuclear talks and key economic data due from China to assess the impact on its commodities demand following trade tensions with the United States.Brent crude futur...Reuters
Mon, May 19
PRECIOUS-Gold rises as dollar slips, Trump tariff threats fuel safe-haven demand
May 19 (Reuters) - Gold prices rose more than 1% on Monday as the dollar weakened and as U.S. Treasury Secretary Scott Bessent reaffirmed President Donald Trump's tariff threats, boosting safe-haven demand amid renewed trade tensions.Reuters
Mon, May 19
Japan partially suspends poultry imports from Brazil after bird flu outbreak
TOKYO, May 19 (Reuters) - Japan suspended imports of poultry meat from the city of Montenegro and live poultry from the broader Brazilian state of Rio Grande do Sul last Friday following an outbreak of bird flu, an official at Japan's agriculture ministry said on Monday. Brazil, the world's ...Reuters
Mon, May 19
New Jersey rail strike ends, service to resume on Tuesday
By Joseph AxMay 18 (Reuters) - New Jersey Transit trains will begin running again on Tuesday after the agency reached a tentative deal on Sunday with striking rail engineers on wage increases, ending a three-day work stoppage that had left tens of thousands of commuters to New York scrambling to fin...Reuters
Mon, May 19
Heavy rains kill 5 in China's south, authorities issue disaster alerts
HONG KONG, May 19 (Reuters) - Heavy rains in China's southern Guangdong and Guangxi provinces killed five people and left several missing over the weekend as authorities issued alerts for severe rain, mountain flooding and geological disasters in the south of the country. China's Nationa...Reuters
Mon, May 19
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 19 (Reuters) - Contract Target Support/Resistance Brent oil $64.57/$63.88res $65.69/$66.02/$66.38Palm oil (3rd month)3,763 ringgitres 3,825/3,870/3,924 ringgitWTI* $61.99/$61.50res $63/$63.37/$63.81Spot gold$3,251/$3,286sup $3,206/$3,176L...Reuters
Mon, May 19
