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FOCUS-Pakistan's solar revolution leaves its middle class behind
Affluent Pakistanis buy cheap Chinese solar panels to counter rising electricity tariffsSolar revolution creates energy gap between wealthy and middle classSolar setups rarely configured to send excess power back to the grid, so masses don't benefitElectricity companies that lost wealthy clients...Reuters
Tue, Apr 29
METALS-London metals trade in tight range as market awaits US-China tariff talk update
SHANGHAI, April 29 (Reuters) - Metals in London were rangebound on Tuesday as investors tracked developments in the U.S.-China negotiations and a bunch of U.S. economic data.Benchmark copper CMCU3 on the London Metal Exchange (LME) rose 0.1% to $9,387 a metric ton by 0128 GMT.The U.S. initial jobles...Reuters
Tue, Apr 29
GRAINS-Corn, soybeans ease on US planting progress; wheat firms
SINGAPORE, April 29 (Reuters) - Chicago corn and soybeans slid on Tuesday, with both markets facing pressure from rapidly advancing U.S. planting, amid a trade war with top farm goods importer China.Wheat ticked higher on bargain-buying after last session's deep losses, although gains were curbe...Reuters
Tue, Apr 29
Oil falls as economic jitters dampen demand outlook
April 29 (Reuters) - Crude oil prices fell in early Asian trading on Tuesday as investors lowered their demand growth expectations due to the ongoing trade war between the United States and China, the world's two biggest economies.Brent crude futures LCOc1 fell by 25 cents, or 0.4%, to $65.61 pe...Reuters
Tue, Apr 29
Gold falls on easing trade war concerns; US data awaited
April 29 (Reuters) - Gold prices fell on Tuesday as easing trade tensions between the U.S. and its trading partners dented the metal's safe-haven appeal, while investors awaited U.S. economic data to assess the Federal Reserve's policy path.FUNDAMENTALS* Spot gold XAU= fell 0.3% to $3,332.99...Reuters
Tue, Apr 29
CIF/FOB Gulf Grain-Corn barge bids firm; soybean bids steady
CHICAGO, April 28 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast terminals firmed slightly on Monday on brisk exporter demand and thin farmer selling while soybean barge bids were unchanged, traders said.CIF Gulf corn barges loaded in April were bid at 74 cents over Chicago Bo...Reuters
Tue, Apr 29
Gold Price Forecast: XAU/USD holds below $3,350 on firmer US Dollar, easing US-China trade tensions
The Gold price (XAU/USD) loses ground to around $3,335 during the early Asian session on Tuesday. The yellow metal edges lower amid a modest rebound of the US Dollar (USD) and a softening in tensions between the United States and China.
Fxstreet
Tue, Apr 29
CORRECTED-TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, April 29 (Reuters) - Contract Target Support/Resistance Brent oil $64.57res $66.15/$67.13Palm oil (3rd month)4,006/4,040/4,083 ringgitsup 3,930/3,861 ringgitWTI* $60.69res $62.83/$63.78Spot gold$3,293res $3,373/$3,422LME copper (3rd month)*$9,318...Reuters
Tue, Apr 29
EV startup Harbinger launches hybrid van platform to attract more fleet customers
Hybrid platform targets fleets with longer routes, limited charging accessPlatform priced competitively with diesel models, factoring in federal incentivesPanasonic to supply battery cells for Harbinger's vehiclesBy Akash SriramApril 28 (Reuters) - Electric-vehicle startup Harbinger launched a n...Reuters
Tue, Apr 29
INEOS founder Jim Ratcliffe calls on Britain to cut environmental costs
LONDON, April 29 (Reuters) - INEOS owner and a British billionaire Jim Ratcliffe has called on the government to curb environmental costs on businesses, which he said, along with high energy costs, were driving investment away from the country.The call comes as the government is under pressure to gr...Reuters
Mon, Apr 28
US Cash Crude-Grades largely firm on the first day of June trade
April 28 (Reuters) - U.S. coastal crude grades largely strengthened on Monday, dealers said, on the first day of June trade, stabilizing after the volatile roll trade period. WTI Midland WTC-WTM strengthened 50 cents to a midpoint of a 90-cent premium, while West Texas Sour WTC-WTS gained 30 cents.T...Reuters
Mon, Apr 28
LIVESTOCK-CME cattle set contract highs on record cash prices
By Tom Polansek CHICAGO, April 28 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures stormed to new contract highs on Monday on record cash prices and limited supplies, analysts said.Concerns that Washington could block cattle from Mexico added support to futures, as a ...Reuters
Mon, Apr 28
Power begins to return after huge outage hits Spain and Portugal
Power outage hits Spain, Portugal and briefly FranceAuthorities try to establish what caused the outagePublic transport brought to haltSupply restored to some places by Monday eveningBy Emma Pinedo, Catarina Demony and David Latona MADRID/LISBON, April 28 (Reuters) - Power started returning to pa...Reuters
Mon, Apr 28
Mexico will send more water to Texas to make up treaty shortfall, USDA says
Mexico to increase water shipments to Texas under 1944 treatyMexico cites drought conditions for strained water resourcesUSDA praises Mexico's cooperation in water-sharing agreementBy Leah Douglas WASHINGTON, April 28 (Reuters) - U.S. Agriculture Secretary Brooke Rollins said on Monday that M...Reuters
Mon, Apr 28
US and Mexico reach agreement on screwworm, Ag Secretary Rollins says
US and Mexico agree on screwworm pest control measuresUS threatened to limit cattle imports from Mexico over screwwormBlocking imports could further tighten US cattle supplyBy P.J. Huffstutter, Leah Douglas and Tom Polansek VERSAILLES, Ohio, April 28 (Reuters) - The United States and Mexico reach...Reuters
Mon, Apr 28
US Plains HRW Wheat-Basis bids steady as futures drop
CHICAGO, April 28 (Reuters) - Spot hard red winter (HRW) wheat basis bids held steady in the U.S. Plains on Monday as welcome rains in the U.S. wheat belt depressed future prices and discouraged farmer selling, dealers said. Winter wheat ratings improved more than expected following beneficial showe...Reuters
Mon, Apr 28
GRAINS-Wheat futures set contract lows on forecasts for beneficial US rain
Rain expected to aid wheat crops in the PlainsUSDA to release updated wheat condition ratingsTraders assess impact of US-China trade warBy Tom Polansek CHICAGO, April 28 (Reuters) - U.S. wheat futures sank to contract lows on Monday on expectations that more rain will hit dry growing areas of the...Reuters
Mon, Apr 28
US steelmaker Nucor tops quarterly estimates on higher spot prices
April 28 (Reuters) - U.S. steelmaker Nucor Corp NUE.N beat analysts' estimates for first-quarter revenue and profit on Monday, helped by strength in its mills segment operations.The segment, which produces steel sheets, plates, bars and structural steel, reported a 10% rise in total shipments to...Reuters
Mon, Apr 28
S&P Says Boeing's ratings affirmed to 'BBB-'
April 28 (Reuters) - S&P:S&P: BOEING CO.'S 'BBB-' RATINGS AFFIRMED; REMOVED FROM CREDITWATCH NEGATIVE ON IMPROVING AIRCRAFT PRODUCTION, LOWER CASH USAGE; OUTLOOK NEGATIVES&P: BOEING APPEARS ON TRACK TO RECOVERING FROM 2024 STRIKE-DRIVEN PRODUCTION HALT AND PERSISTENT MANUFAC...Reuters
Mon, Apr 28
ICE canola futures little moved as Canadian election watched
WINNIPEG, Manitoba - April 28 (Reuters) - ICE canola futures were little changed on Monday as traders, farmers and canola users watched for Canadian election results and what those could mean for markets.• July canola RSN5 settled down $5.40 at $696.40 per metric ton. The old crop-new crop spread ti...Reuters
Mon, Apr 28
