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PRECIOUS-Gold extends rise as Fed rate-cut bets pressure dollar
Aug 14 (Reuters) - Gold rose for a third straight session on Thursday, helped by a weaker dollar and lower Treasury yields as traders raised bets for a U.S. interest rate cut in September.FUNDAMENTALS* Spot gold XAU= was up 0.4% at $3,368.99 per ounce, as of 0121 GMT. U.S. gold futures GCcv1 for Dec...Reuters
Thu, Aug 14
US losing out on China soybean sales as Brazil fills key supply period
Chinese crushers buy Brazilian beans amid US-China trade warChicago soybean futures near 5-year lows amid trade uncertaintyUS soybeans around $40/ton cheaper than Brazilian for October shipmentBy Naveen Thukral and Ella Cao SINGAPORE/BEIJING, Aug 13 (Reuters) - U.S. soybean exporters risk missing...Reuters
Thu, Aug 14
Shell Louisiana refinery shuts cat cracker early for overhaul, sources say
By Erwin SebaHOUSTON, Aug 13 (Reuters) - Shell SHEL.L shut the gasoline-producing resid catalytic cracking unit (RCCU) at its 231,827 barrel-per-day (bpd) Norco, Louisiana, refinery to begin a planned overhaul a month earlier than scheduled, people familiar with plant operations said on Wednesday.A ...Reuters
Thu, Aug 14
Oil regains ground from 2-month lows ahead of Trump-Putin meeting
By Katya Golubkova TOKYO, Aug 14 (Reuters) - Oil prices edged higher on Thursday, regaining ground after a sell-off in the previous session, with the upcoming meeting between U.S. President Donald Trump and his Russian counterpart Vladimir Putin raising risk premiums in the market. Brent cru...Reuters
Thu, Aug 14
Valero Port Arthur, Texas refinery FCCU shut by upset, sources say
HOUSTON, Aug 13 (Reuters) - Production on the gasoline-producing fluidic catalytic cracking unit (FCCU) was shut by a malfunction at Valero Energy's VLO.N 380,000 barrel-per-day (bpd) Port Arthur, Texas refinery, people familiar with plant operations said on Wednesday. The 75,000-bpd FCCU uses a...Reuters
Thu, Aug 14
Shell Louisiana refinery shuts cat cracker early for overhaul, sources say
HOUSTON, Aug 13 (Reuters) - Shell SHEL.L shut the gasoline-producing resid catalytic cracking unit (RCCU) at its 231,827 barrel-per-day (bpd) Norco, Louisiana, refinery to begin a planned overhaul a month earlier than scheduled, people familiar with plant operations said on Wednesday.A leak on a boi...Reuters
Thu, Aug 14
Gold Price Forecast: XAU/USD extends upside above $3,350 as traders ramp up rate cut bets
The Gold price (XAU/USD) attracts some buyers to around $3,365 during the early Asian session on Thursday. The precious metal edges higher for the third consecutive day amid a weaker US dollar (USD).
Fxstreet
Thu, Aug 14
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Aug 14 (Reuters) - Contract Target Support/Resistance Brent oil $64.61/$63.19res $66.20/$66.91/$67.78Palm oil (3rd month)4,421/4,388 ringgitres 4,455/4,475/4,509 ringgitWTI* $62.12/$61.38res $63.46/$64.10Spot gold$3,368/$3,383sup $3,355/$3,34...Reuters
Thu, Aug 14
CK Hutchison ports deal in focus as Hong Kong conglomerate reports results
Company to hold analyst conference at 5 p.m.Management expected to be asked about port sale updatesGroup raised in July prospect of major Chinese investor joining the bidH1 underlying profit forecast to rise 6%, UBS saysBy Clare Jim HONG KONG, Aug 14 (Reuters) - Investors will look for comments f...Reuters
Wed, Aug 13
JBS turns Q2 profit despite challenging operating environment
First results after the company listed shares on NYSEBeef division in US still strugglingChina, EU have not resumed poultry imports from Brazil after bird fluBy Ana Mano and Roberto SamoraSAO PAULO, Aug 13 (Reuters) - JBS Z98.F, the world's largest meat company, on Wednesday posted record quarte...Reuters
Wed, Aug 13
JBS turns Q2 profit despite challenging operating environment
SAO PAULO, Aug 13 (Reuters) - JBS Z98.F, the world's largest meat company, on Wednesday posted record quarterly net revenues of nearly $21 billion even as it navigates a challenging U.S. cattle cycle and deals with global geopolitical tensions, according to an earnings release. The company, whic...Reuters
Wed, Aug 13
Enterprise Products responding to crude oil leak from Houston terminal
By Nicole Jao and Arathy SomasekharNEW YORK, Aug 13 (Reuters) - Enterprise Products Partners EPD.N said on Wednesday it was responding to a crude oil leak from the company's oil terminal in southeast Houston.Crude oil flows on the Seaway pipeline, which runs from Cushing, Oklahoma, to the Freepo...Reuters
Wed, Aug 13
Brent oil prices may fall to low-$60s/bbl if there is progress toward US-Russia deal, Citi says
Aug 13 (Reuters) - Analysts at Citibank said on Wednesday that Brent oil prices could land in the low $60 per barrel area, if there is progress towards a U.S.-Russia deal."Additional downside would have to involve a further slowdown in China's crude oil imports and in refinery buying to make...Reuters
Wed, Aug 13
LIVESTOCK-CME cattle higher on tight supplies, rising beef prices
By Karl PlumeCHICAGO, Aug 13 (Reuters) - Chicago Mercantile Exchange live cattle futures rose for a third straight session on Wednesday, lifted by tight supplies of cattle and rising beef prices.The U.S. Department of Agriculture, in a monthly report on Tuesday, raised its forecast for cattle prices...Reuters
Wed, Aug 13
CIF/FOB Gulf Grain-Corn barge bids firm, soybean bids turn lower
Basis bids for corn delivered by barge to U.S. Gulf Coast terminals firmed on Wednesday, while soybean barge bids turned lower as cash prices eased in some markets, traders said.CIF Gulf corn barges loaded in August were offered at around 84 cents over Chicago Board of Trade September CU25 futures, ...Reuters
Wed, Aug 13
CANADA-CRUDE-Discount on Western Canada Select narrows
Aug 13 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 narrowed on Wednesday.WCS for September delivery in Hardisty, Alberta, settled at $11.80 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with ...Reuters
Wed, Aug 13
US Plains HRW Wheat-Basis steady as futures fall
CHICAGO, Aug 13 (Reuters) - Spot basis bids for hard red winter wheat were flat in a spot check of locations in the southern U.S. Plains on Wednesday as futures eased.Protein premiums for railcar wheat shipped to and through Kansas City were unchanged for all grades of wheat. KCBT/SCALarge global su...Reuters
Wed, Aug 13
USDA moves to end employee union contracts, documents show
USDA move affects 6,500 FSIS and 1,650 APHIS employeesTermination adds to federal workers' uncertainty, says union chairpersonFederal appeals court recently lifted injunction on executive order implementationBy Leah Douglas WASHINGTON, Aug 13 (Reuters) - The U.S. Department of Agriculture mov...Reuters
Wed, Aug 13
JBS agrees to invest $100 million to acquire and expand Iowa food plant
SAO PAULO, Aug 13 (Reuters) - JBS Z98.F, the world's largest meat company, said on Wednesday it has entered into an agreement to acquire a processed foods production facility in Ankeny, Iowa, and said it will invest $100 million in the unit to build the largest bacon and ready-to-eat sausage pla...Reuters
Wed, Aug 13
