News
Important Only
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
CORRECTED-Centrica frontrunner to buy National Grid's LNG terminal in $2 billion deal, FT reports
Aug 13 (Reuters) - Centrica CNA.L and Energy Capital Partners are in exclusive talks to buy the Isle of Grain terminal, in a deal worth around 1.5 billion pounds ($2.04 billion) from its owner, National Grid NG.L, the Financial Times reported on Wednesday.Reuters could not immediately confirm the re...Reuters
Wed, Aug 13
GRAINS-Soybeans extend gains after USDA's U.S. 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 ...Reuters
Wed, Aug 13
Euronext wheat steadies after lows
PARIS, Aug 13 (Reuters) - Euronext wheat edged up on Wednesday to recover from contract lows, led by short-covering in front-month futures.September wheat BL2U5 on Paris-based Euronext settled 0.9% higher at 194.50 euros ($227.70) a metric ton, after earlier equalling Tuesday's contract low of 1...Reuters
Wed, Aug 13
Elliott affiliate raises bid for Citgo parent as competition heats up
Judge, court officer overseeing auction leaving options openElliott's bid competing with Gold Reserve group and Vitol unitCitgo data room reopened for bidders to improve offersBy Marianna Parraga HOUSTON, Aug 13 (Reuters) - An affiliate of hedge fund Elliott Investment Management has raised i...Reuters
Wed, Aug 13
METALS-Copper falls as support from US-China trade truce extension fades
By Polina Devitt LONDON, Aug 13 (Reuters) - Copper prices reversed course to trade lower on Wednesday as support from this week's 90-day extension of the tariff truce between the U.S. and top metals consumer China faded.Benchmark copper CMCU3 on the London Metal Exchange was down 0.4% to $9,8...Reuters
Wed, Aug 13
Sustainable Finance Newsletter - Amazon wins green praise for brown-bag packaging
By Ross Kerber Aug 13 (Reuters) - If you're an Amazon customer like me you may have noticed more of your orders arriving in paper envelopes rather than in the online retailer's iconic white plastic mailers. The change reflects a bigger shift by the company, an Amazon executive told me...Reuters
Wed, Aug 13
Europe Gasoline/Naphtha-Gasoline profit margins decline
LONDON, Aug 13 (Reuters) - Northwest European gasoline profit margins edged lower by 14 cents to $16.90 a barrel on Wednesday despite a draw in U.S. stockpiles of the motor fuel. A total of 6,000 metric tons of Eurobob E10 barges traded in the session, with Sahara Energy and Shell selling to Trafigu...Reuters
Wed, Aug 13
Med crude-Differentials hold steady
LONDON, Aug 13 (Reuters) - Mediterranean crude differentials to dated Brent were stable on Wednesday, as market participants switched focus to CPC Blend exports in September. * Traders are awaiting a September CPC Blend loading schedule in the coming days.* Two Aframax cargoes of CPC Blend recently ...Reuters
Wed, Aug 13
US Midwest refinery runs rose last week to highest since December 2023, EIA says
NEW YORK, Aug 13 (Reuters) - The U.S. Midwest refineries utilization rate rose 2.1 percentage points to 101.2% in the week ended August 8, the highest since December 2023, data from the Energy Information Administration showed on Wednesday.Midwest refiners last operated above 100% of their capacity ...Reuters
Wed, Aug 13
Zimbabwe labs overwhelmed as gold rally spurs exploration, miner says
HARARE, Aug 13 (Reuters) - Zimbabwean laboratories are struggling to cope with a surge in mineral samples submitted by mines ramping up exploration activity in response to record gold prices, a mine executive said on Wednesday.Geopolitical tensions, central bank buying and, lately, economic uncertai...Reuters
Wed, Aug 13
Putin appears ready to test new missile as he prepares for Trump talks, researchers say
Preparations come before Putin-Trump talks on FridaySatellite imagery shows extensive activity at test siteBurevestnik has poor test record, with two partial successes among 13 testsPutin says missile is invincible to defense systemsBy Jonathan Landay WASHINGTON, Aug 13 (Reuters) - Russia app...Reuters
Wed, Aug 13
Crude oil flows on Enterprise's Seaway pipeline fall due to flooding, sources say
NEW YORK, Aug 13 (Reuters) - Crude oil flows on the Seaway crude oil pipeline fell due to flooding, sources said on Wednesday.The 950,000-barrel-per-day Seaway, jointly owned by Enbridge [RIC:RIC:ENBEP.UL] and Enterprise Products Partners EPD.N, ships oil from Cushing to the U.S. Gulf Coast.Enbridge...Reuters
Wed, Aug 13
