News
Important Only
TECHNICALS-CBOT soybeans may drop to $10.36
For more technical analyses, please click SINGAPORE, April 30 (Reuters) - The CBOT soybean July contract SN25 may drop to $10.36 per bushel, as it has more or less broken support at $10.48.An uptrend from $9.85-1/2 is assumed to have reversed at $10.67-1/4. A retracement analysis on the trend reveal...Reuters
Wed, Apr 30
RUBBER-Japan futures poised for biggest monthly drop since 2017
SINGAPORE, April 30 (Reuters) - Japanese rubber futures ticked up on Wednesday, but were set for their biggest monthly loss in eight years as U.S. tariff policies sparked concerns about global demand, while expectations of increased supply also pressured prices. The Osaka Exchange (OSE) October ru...Reuters
Wed, Apr 30
METALS-Metals range-bound as trade tensions soften; US data in focus
SHANGHAI, April 30 (Reuters) - London metals moved in a tight range on Wednesday as trade tensions between the U.S. and China showed signs of easing, while investors awaited U.S. economic data to gauge the Federal Reserve's monetary policy outlook.Benchmark copper CMCU3 on the London Metal Excha...Reuters
Wed, Apr 30
Origin Energy slips as revenue from Australia Pacific LNG project falls
By Rajasik MukherjeeApril 30 (Reuters) - Shares of Origin Energy ORG.AX dropped on Wednesday after the power producer logged a 10% sequential fall in third-quarter revenue from its stake in the Australia Pacific LNG project (APLNG), pressured by weaker LNG volumes and prices.Shares of the firm were ...Reuters
Wed, Apr 30
RPT-EXCLUSIVE-Malaysia's Petronas and Commonwealth LNG in talks for term supply, say sources
By Marwa Rashad, Curtis Williams and Emily Chow April 29 (Reuters) - Malaysian state-owned oil and gas firm Petroliam Nasional, or Petronas, is in talks with Commonwealth LNG to buy liquefied natural gas from the U.S. company's facility in Cameron, Louisiana, according to four trading and ind...Reuters
Wed, Apr 30
PRECIOUS-Gold prices steady as investors await key US data, tariff updates
April 30 (Reuters) - Gold prices held their ground on Wednesday as investors awaited potential trade developments between the United States and its trading partners and also key U.S. inflation data for clues on the Federal Reserve's policy path.FUNDAMENTALS* Spot gold XAU= was steady at $3,318.7...Reuters
Wed, Apr 30
GRAINS-Wheat firms after losses, improved US weather caps gains
SINGAPORE, April 30 (Reuters) - Chicago wheat futures rose for the first time in three sessions on Wednesday, with bargain-buying supporting prices, although much-needed rain in the U.S. crop belt kept a lid on the market.Corn ticked higher while soybeans eased. Both markets are facing pressure from...Reuters
Wed, Apr 30
Oil prices fall as trade war concerns dampen demand outlook
April 30 (Reuters) - Oil prices edged lower in early Asian trading on Wednesday as President Donald Trump's erratic tariff policies raised concerns about weakening global economic growth and fuel demand.Brent crude futures LCOc1 fell by 17 cents, or 0.26%, to $64.08 per barrel by 0015 GMT. U.S. ...Reuters
Wed, Apr 30
RPT-UAE'S ADNOC to supply US LPG to India following China-US tariffs, sources say
By Nidhi Verma and Siyi Liu NEW DELHI/SINGAPORE, April 29 (Reuters) - Abu Dhabi National Oil Company (ADNOC) will start replacing some of the liquefied petroleum gas it supplies to India with cheaper U.S. cargoes from June, industry sources said, as U.S.-China tariffs rejig global trade flows.The...Reuters
Wed, Apr 30
Gold Price Forecast: XAU/USD drifts lower to near $3,310 ahead of key US data releases
The Gold price (XAU/USD) extends the decline to near $3,315 during the early Asian session on Wednesday. The precious metal edges lower amid easing trade tensions and better risk sentiment in global markets.
Fxstreet
Wed, Apr 30
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, April 30 (Reuters) - Contract Target Support/Resistance Brent oil $63.59/$62.92/$62.01res $64.57/$65.36Palm oil (3rd month)3,773 ringgitres 3,930/3,972 ringgitWTI* $58.78res $60.69/$61.87Spot gold$3,264/$3,165res $3,373/$3,422LME copper (3rd mont...Reuters
Tue, Apr 29
Braskem posts 4% decline in Q1 resin sales volume in Brazil year-on-year
April 29 (Reuters) - Braskem SA BRKM5.SA:Q1 RESIN SALES VOLUME IN BRAZIL -4% YEAR/YEARQ1 SALES VOLUME OF MAIN PETROCHEMICAL PRODUCTS IN BRAZIL -5% YEAR/YEARQ1 AVERAGE UTILIZATION RATE OF ITS ETHENE PLANTS IN BRAZIL AT 74% - FILINGQ1 SALES VOLUME IN MEXICO -11% YEAR/YEARQ1 SALES VOLUME IN THE U.S., E...Reuters
Tue, Apr 29
CIF/FOB Gulf Grain-Corn barge bids tick higher on exporter demand
CHICAGO, April 29 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast terminals strengthened on Tuesday in response to brisk exporter demand, rising freight costs and a lack of farmer grain sales, traders said.CIF Gulf corn barges loaded in April traded at 76 cents over Chicago Boa...Reuters
Tue, Apr 29
Australia's Origin Energy reports 10% drop in Q3 APLNG revenue as commodity prices decline
April 30 (Reuters) - Origin Energy ORG.AX on Wednesday logged a 10% sequential fall in revenue for the third quarter from its stake in the Australia Pacific LNG project (APLNG) as underlying commodity prices hit near-year lows. The power producer reported revenue from APLNG - a joint venture with U....Reuters
Tue, Apr 29
Codelco chairman says April copper output up, sees strong US and China demand
By Fabian Cambero and Daina Beth Solomon SANTIAGO, April 29 (Reuters) - Copper output from Chile's state-run Codelco rose 22% in April compared to the same period a year before, with an expected output of 105,000 metric tons, Chairman Maximo Pacheco said on Tuesday. The world's largest co...Reuters
Tue, Apr 29
US Plains HRW Wheat-Basis bids steady as futures drop
CHICAGO, April 29 (Reuters) - Spot hard red winter wheat basis bids were flat in the U.S. Plains on Tuesday as wheat futures fell sharply and farmer selling remained slow, dealers said. More rain is expected in the southern U.S. Plains in the week ahead, which could further ease drought and help cro...Reuters
Tue, Apr 29
CORRECTED-Koch to exit oil, fuel trade
By Shariq Khan NEW YORK, April 29 (Reuters) - U.S. industrial conglomerate Koch's Minerals & Trading unit (KM&T) is exiting the crude and refined products business to focus on more consumer-facing products, a spokesperson for KM&T said on Tuesday.Reuters reported in November that ...Reuters
Tue, Apr 29
US Cash Crude-Grades eased as US crude stocks rise more than expected
April 29 (Reuters) - U.S. cash crude grades eased slightly on Tuesday, dealers said, as U.S. crude stocks rose more than expected last week. WTI Midland WTC-WTM eased 10 cents, while Mars Sour WTC-MRS eased 20 cents.U.S. crude stocks rose by 3.8 million barrels in the week ended April 25, market sou...Reuters
Tue, Apr 29
Petrobras posts nearly stable Q1 oil and gas output from year earlier
RIO DE JANEIRO/SAO PAULO, April 29 (Reuters) - Brazilian state-run oil firm Petrobras PETR4.SA reported on Tuesday an oil, gas and gas liquids production of 2.77 million barrels of oil equivalent per day (boed) in the first quarter, down 0.2% from a year earlier.Petrobras' oil production in Bra...Reuters
Tue, Apr 29
