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PRECIOUS-Gold gains on weak dollar, investors ramp up Fed rate cut bets
Rate cut bets rise after mild July inflationUS dollar Trump meets Putin on Friday to discuss war in UkraineUS and China extend tariff truce by 90 daysBy Sherin Elizabeth Varghese Aug 13 (Reuters) - Gold rose on Wednesday, lifted by a weaker dollar and falling Treasury yields, as mild U.S. inflati...Reuters
Wed, Aug 13
Oil hits two-month low as US, IEA supply guidance weighs
US crude supply build exceeds expectations, hitting oil pricesTrump threatens 'severe consequences' if Putin blocks Ukraine peaceIEA raises supply forecast, OPEC+ sees tighter market next yearBy Stephanie Kelly NEW YORK, Aug 13 (Reuters) - Oil prices fell to over two-month lows on Wednesd...Reuters
Wed, Aug 13
US proposes nearly $1 billion in funds for critical minerals, materials
Aug 13 (Reuters) - The Trump administration is proposing nearly $1 billion in funding to speed the development of U.S. critical minerals and materials, used in everything from electric vehicle batteries to semiconductors, the Energy Department said on Wednesday. The department intends to offer fundi...Reuters
Wed, Aug 13
IM Cannabis Announces Warrant Amendments And Form F-3 Resale Registration Statement Filing
Aug 13 (Reuters) - IM Cannabis Corp IMCC.O:IM CANNABIS ANNOUNCES WARRANT AMENDMENTS AND FORM F-3 RESALE REGISTRATION STATEMENT FILINGIM CANNABIS CORP - EXTENDS WARRANT EXPIRATION TO JULY 31, 2030IM CANNABIS CORP - REDUCES WARRANT EXERCISE PRICE TO C$3.43IM CANNABIS CORP - RESALE REGISTRATION STATEME...Reuters
Wed, Aug 13
Deals of the day-Mergers and acquisitions
Aug 13 - The following bids, mergers, acquisitions and disposals were reported by 1950 GMT on Wednesday:** Indian IT services company Infosys INFY.NS said that it would take a 75% stake in Versent Group, a wholly owned unit of Australia's Telstra Group TLS.AX, for A$233.3 million ($153 million)....Reuters
Wed, Aug 13
US Cash Crude-Cash grades strengthen on widest WTI/Brent spread since June
Aug 13 (Reuters) - Cash crude differentials broadly strengthened on Wednesday as U.S. crude's discount to the international benchmark Brent widened to its most since mid-June. U.S. crude futures' discount to Brent widened to as much as minus $3.78 a barrel, the most since June 13, before nar...Reuters
Wed, Aug 13
US container imports may have peaked in July, chief of busiest seaport says
Port of Los Angeles imports up 8% year-on-year in JulyMany holiday goods are already in the USAugust imports relatively steady but down from a year agoBy Lisa Baertlein LOS ANGELES, Aug 13 (Reuters) - Ocean imports to the United States may have peaked in July after retailers raced to bring in goo...Reuters
Wed, Aug 13
ICE canola futures rebound despite China duties
WINNIPEG, Manitoba, Aug 13 (Reuters) - ICE canola futures clawed back some of yesterday's losses, leaving canola only moderately lower than it was before China's shock news that it was imposing tariffs on Canadian canola seed.• November canola RSX5 settled up $9.50 at $659.80 per metric ton....Reuters
Wed, Aug 13
Centrica frontrunner to buy National Grid's LNG terminal in $2 billion deal, FT reports
Aug 13 (Reuters) - British Gas owner Centrica CNA.L and Energy Capital Partners are in talks to buy the Isle of Grain LNG terminal from National Grid NG.L in a deal valued at about 1.5 billion pounds ($2.03 billion), the Financial Times reported on Wednesday.Centrica declined to comment on the FT re...Reuters
Wed, Aug 13
US natgas prices edge up on rising demand and flows to LNG export plants
Near-record output and ample supplies keep prices lowTropical Storm Erin may reduce demand, affecting pricesLSEG reports gas stockpiles 6% above normal levelsBy Scott DiSavino Aug 13 (Reuters) - U.S. natural gas futures edged up about 1% on Wednesday after dropping to an eight-month low in the pr...Reuters
Wed, Aug 13
US Cash Grains-Corn steady to down at elevators, processors, river terminals
CHICAGO, Aug 13 (Reuters) - Basis bids for corn were mostly steady to down at elevators, river terminals and ethanol plants in a spot check of locations in the U.S. Midwest on Wednesday as futures ticked up. The corn basis fell at an elevator in Cincinnati, Ohio, a river terminal in Savanna, Illinoi...Reuters
Wed, Aug 13
US announces $1 billion in funding for critical minerals, materials sectors
Aug 13 (Reuters) - The Trump administration will make available $1 billion in funding to accelerate the growth of the U.S. critical minerals and materials sectors, the Energy Department said in a statement on Wednesday. The department will issue notices of funding opportunities to advance and scale ...Reuters
Wed, Aug 13
GRAINS-Soybeans extend gains after USDA's US harvest outlook cut
USDA's smaller US soy crop outlook lifts futuresCorn, wheat rise on short covering after lowsBy Karl Plume CHICAGO, Aug 13 (Reuters) - U.S. soybean futures climbed to a 1-1/2 month high on Wednesday, extending gains from the prior session after the U.S. Department of Agriculture forecast a mu...Reuters
Wed, Aug 13
CBOT wheat edges higher on short covering after 5-year lows
CHICAGO, Aug 13 (Reuters) - Chicago Board of Trade wheat futures ended firm on Wednesday on short covering after the market fell to five-year lows earlier in the day under pressure from ample global supplies.CBOT September soft red winter wheat WU25 hit a contract low of $5.02-1/4 a bushel but settl...Reuters
Wed, Aug 13
CBOT soybeans extend rally on smaller US harvest outlook
CHICAGO, Aug 13 (Reuters) - Chicago Board of Trade soybean futures rose for a third straight session on Wednesday, supported by tighter expected supplies after the U.S. Department of Agriculture cut its harvest outlook a day earlier.The USDA on Tuesday projected the average U.S. soybean yield at a r...Reuters
Wed, Aug 13
CBOT corn firms on short covering after contract lows
CHICAGO, Aug 13 (Reuters) - Chicago Board of Trade corn futures firmed on Wednesday in a short-covering bounce from contract lows posted a day earlier, although prices remain anchored by expectations for a bin-busting U.S. harvest this autumn.In a monthly report on Tuesday, the U.S. Department of Ag...Reuters
Wed, Aug 13
Gold rises as Fed rate-cut bets grow and geopolitical talks intensify
Gold price climbs during the North American session on Wednesday, up by 0.30% as investors continue to increase their bets that the Federal Reserve (Fed) will reduce interest rates at the September meeting. At the time of writing, XAU/USD trades at $3,357, above a key technical support level.
Fxstreet
Wed, Aug 13
US container imports may have peaked in July, chief of busiest seaport says
By Lisa Baertlein LOS ANGELES, Aug 13 (Reuters) - Ocean imports to the United States may have peaked in July after retailers raced to bring in goods from China and elsewhere to avoid potentially hefty tariffs on holiday-related products, the top executive from the busiest U.S. seaport said on Wed...Reuters
Wed, Aug 13
