News
Important Only
PRECIOUS-Gold retreats on firm dollar, US payrolls data on tap
May 1(Reuters) - Gold was subdued on Thursday on the dollar's strength, while investors awaited more clarity on trade policy between the U.S. and its trading partners, and looked forward to the U.S. non-farm payrolls report due this week.FUNDAMENTALS * Spot gold XAU= fell 0.7% to $3,265.45 an ou...Reuters
Thu, May 1
Australia's centre-left Labor likely to retain power as Trump concerns weigh, polls show
Trump's policies a major concern for 48% voters: RedBridge poll Labor may win up to 85 seats in 150-seat lower house: YouGovMillennials and Gen Z voters help lift Labor support By Renju Jose SYDNEY, May 1 (Reuters) - Australia's centre-left Labor government is likely to retain power in a ...Reuters
Thu, May 1
GRAINS-Corn prices inch higher on US export demand
CANBERRA, May 1 (Reuters) - Chicago corn and wheat futures rose slightly on Thursday after sharp declines earlier in the week, with corn supported by U.S. export demand and wheat by bargain-hunting. Soybeans edged lower as large South American harvests and a lack of Chinese demand for U.S. crops...Reuters
Thu, May 1
Gold Price Forecast: XAU/USD attracts some sellers below $3,250 on firmer US Dollar
The Gold price (XAU/USD) extends the decline to around $3,245 during the early Asian session on Thursday. The precious metal edges lower to near a two-week low amid easing US-China trade tensions and stronger US Dollar (USD) demand.
Fxstreet
Thu, May 1
Ukraine, US sign minerals deal sought by Trump
Deal positions two countries to boost Ukraine's recoveryUkraine official says US may provide new assistanceSigning follows months of negotiations, frayed tiesUkraine official says Kyiv decides what, where to mineBy Tom Balmforth, Yuliia Dysa and Trevor Hunnicutt KYIV/WASHINGTON, April 30 (Reu...Reuters
Thu, May 1
Some US trade deals could be reached in weeks but no China talks under way, USTR Greer says
By David Lawder WASHINGTON, April 30 (Reuters) - The Trump administration expects to conclude initial tariff deals with some U.S. trading partners within weeks, but negotiations with India are not "finish-line close" and no official talks with China are under way, U.S. Trade Representativ...Reuters
Wed, Apr 30
Bayer to exit US seed treatment equipment business, email says
By Tom Polansek CHICAGO, April 30 (Reuters) - Bayer BAYGn.DE is exiting the seed treatment equipment business in the United States to help the company's finances, according to an email sent to customers that was seen by Reuters on Wednesday.The German maker of drugs and farming pesticides has...Reuters
Wed, Apr 30
CIF/FOB Gulf Grain-Corn and soybean barge basis bids tick higher
CHICAGO, April 30 (Reuters) - Basis bids for corn and soybeans delivered by barge to U.S. Gulf Coast terminals ticked higher on Wednesday, as freight costs remained elevated and exporter demand for corn was steady, traders said.CIF Gulf corn barges loaded in May traded at 75 cents over Chicago Board...Reuters
Wed, Apr 30
LIVESTOCK-CME cattle futures pull back from contract highs
By Tom Polansek CHICAGO, April 30 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures fell on Wednesday in a setback from recent contract highs.Profit-taking dragged down prices as economic concerns increased following a first-quarter U.S. economic contraction, livestock...Reuters
Wed, Apr 30
Some US trade deals could be reached in weeks but no China talks underway, USTR Greer says
WASHINGTON, April 30 (Reuters) - U.S. Trade Representative Jamieson Greer said on Wednesday that the Trump administration expects to conclude initial tariff deals with some U.S. trading partners within weeks, but negotiations with India are not yet "finish-line close" and no official talks w...Reuters
Wed, Apr 30
Phillips 66 Borger, Texas Refinery Reports Emissions
April 30 (Reuters) - Phillips 66 PSX.N:REPORTS EMISSION AT JV BORGER, TEXAS REFINERY AFTER IT FOUND A RELEASE OF BENZENE TO AIR THAT OCCURRED AT TANK 4030 AND IS ONGOINGSOURCE - TEXAS COMMISSION ON ENVIRONMENTAL QUALITY FILINGCAPACITY - 149,000 BARRELS PER DAYReuters
Wed, Apr 30
US, Ukraine sign minerals deal, Bloomberg News reports
April 30 (Reuters) - The United States and Ukraine have signed an agreement over access to Ukraine’s natural resources, Bloomberg News reported on Wednesday.The deal will provide the U.S. privileged access to new investment projects to develop Ukraine's natural resources, including aluminum, gra...Reuters
Wed, Apr 30
US farm agency to require DOGE approval for some loans
Farm loans over $500,000 will need DOGE approval under new policyFarmers rely on loans for operational and land costsTrump staff cuts at farm agency have raised concerns about services to farmersBy Leah Douglas and P.J. Huffstutter WASHINGTON, April 30 (Reuters) - Farm loan employees at the U.S. ...Reuters
Wed, Apr 30
Albemarle maintains 2025 outlook due to lithium tariff exemptions
April 30 (Reuters) - Albemarle ALB.N, the world's largest producer of lithium for electric vehicle batteries, said on Wednesday it has not yet been affected by the flurry of tariffs bouncing around the global economy and would thus maintain its 2025 outlook. The Charlotte, North Carolina-bas...Reuters
Wed, Apr 30
Risk Strategies: Hardening in cannabis insurance market 'will likely flatten'
By Mia MacGregorApril 30 - (The Insurer) - Despite limited progress toward federal legalization, the cannabis industry is expanding into new states and sectors while continuing to navigate a complex patchwork of state-level laws and regulations, according to a recent market report from Risk Strategi...Reuters
Wed, Apr 30
GRAINS-Corn futures end higher on solid US export sales
Exporters sell US corn to unknown buyers, USDA saysBargain buying, short covering lift wheat futuresU.S.-China trade war hangs over soybean marketBy Tom Polansek CHICAGO, April 30 (Reuters) - Chicago Board of Trade corn futures advanced on U.S. export demand on Wednesday, while bargain-hunting li...Reuters
Wed, Apr 30
Mexico's Pemex swings to $2 billion loss as production, sales slump
Decline of mature wells, delays in new well completions cited in production declinePemex says it's working to reach 1.8 million bpd production goal by year-endRevenues dip 2.5% on lower crude salesCash-strapped company's financial debt rises past $101 million Production remains under governm...Reuters
Wed, Apr 30
Cargill, LDC among winners of Brazil port auction
By Roberto SamoraSAO PAULO, April 30 (Reuters) - Cargill, BTG Pactual Commodities and a consortium formed by Louis Dreyfus and Brazilian grain trader Amaggi have won rights to operate three separate terminals at Paranagua port on Wednesday.The competitive auction, which involved several bidders, hig...Reuters
Wed, Apr 30
Japan's Sumitomo, Builders Vision back US rare earths startup Phoenix Tailings
April 30 (Reuters) - Japan's Sumitomo 8053.T and impact investment fund Builders Vision have invested in U.S.-based rare earths processing startup Phoenix Tailings, the latest move by manufacturers to boost production of the critical minerals outside of China.Rare earths are a group of 17 metals...Reuters
Wed, Apr 30
Albemarle posts loss on sliding lithium prices, keeps 2025 outlook
April 30 (Reuters) - Albemarle ALB.N, the world's largest producer of lithium for electric vehicle batteries, posted a small quarterly loss on Wednesday due to sliding prices for the ultralight metal, although the company maintained its 2025 forecast.The company reported a first-quarter net loss...Reuters
Wed, Apr 30
