News
Important Only
TABLE-North Sea gas maintenance schedule: Adds Teesside CATS (Culzean) outage
Aug 13 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
Wed, Aug 13
China slaps temporary duties on Canadian canola
China imposes preliminary 75.8% anti-dumping duty on Canadian canolaICE November canola futures fall 6.5% after the announcementAustralia could benefit, but cannot fully replace CanadaBy Ella Cao, Lewis Jackson and Naveen Thukral BEIJING/SINGAPORE, Aug 12 (Reuters) - China announced prelimina...Reuters
Wed, Aug 13
GRAINS-Corn rises after deep losses; record supplies to cap gains
USDA forecasts record-breaking corn, soybean yieldsCorn futures rise 0.3% after previous session's 3.2% dropChina imposes anti-dumping duties on Canadian canola importsBy Naveen Thukral SINGAPORE, Aug 13 (Reuters) - Chicago corn futures inched higher on Wednesday, with bargain buying lifting ...Reuters
Wed, Aug 13
China slaps temporary duties on Canadian canola
China imposes preliminary 75.8% anti-dumping duty on Canadian canolaICE November canola futures fall 6.5% after the announcementAustralia could benefit, but cannot fully replace CanadaBy Ella Cao, Lewis Jackson and Naveen Thukral BEIJING/SINGAPORE, Aug 12 (Reuters) - China on Tuesday announce...Reuters
Wed, Aug 13
METALS-Shanghai copper gains as prospects of US rate cut lift sentiment
BEIJING, Aug 13 (Reuters) - Shanghai copper prices ticked up on Wednesday as U.S. inflation data backed expectations for a Federal Reserve interest rate cut next month, although higher stocks kept gains in check.The most-traded copper contract on the Shanghai Futures Exchange SCFcv1 rose 0.43% to 79...Reuters
Wed, Aug 13
Migrants apprehended in marijuana farm raids recount living nightmare
Raids at farms ensnare migrants who lived in the U.S. for decadesOne detained migrant said an agent in military garb hit him on the head, threatened him with gunDHS said 185,000 people have been deported from the U.S. this yearBy Lizbeth Diaz Aug 12 (Reuters) - Yahir remembers growing up in Mexi...Reuters
Wed, Aug 13
Canada Open To Dialogue With China To Address Trade Concerns, Ottawa Says
Aug 12 (Reuters) - CANADA GOVERNMENT: CANADA IS DEEPLY DISAPPOINTED WITH CHINA'S PRELIMINARY ANTI-DUMPING DUTIES ON CANADIAN CANOLA IMPORTSCANADA GOVERNMENT: WE REMAIN READY TO ENGAGE IN CONSTRUCTIVE DIALOGUE WITH CHINESE OFFICIALS TO ADDRESS OUR RESPECTIVE TRADE CONCERNSSource text: https://ww...Reuters
Wed, Aug 13
PRECIOUS-Gold firms as soft US data pressures dollar, fuels rate-cut bets
Aug 13 (Reuters) - Gold prices inched higher on Wednesday, supported by a weaker dollar after tame U.S. inflation data cemented bets for an interest rate cut in September, although a trade war truce between Washington and Beijing kept bullion's gains in check.FUNDAMENTALS* Spot gold XAU= was up ...Reuters
Wed, Aug 13
Oil prices little changed as industry report points to slowing US demand
By Nicole Jao Aug 13 (Reuters) - Oil prices were little changed on Wednesday after falling in the previous session after an industry report showed U.S. crude stockpiles climbed last week illustrating the end of the seasonal summer demand period is nearing. Brent crude futures LCOc1 gained 3 cents...Reuters
Wed, Aug 13
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Aug 13 (Reuters) - Contract Target Support/Resistance Brent oil -sup $65.49/$64.61/$63.19res $66.91/$67.78/$69.20Palm oil (3rd month)4,388 ringgitres 4,455/4,475/4,509 ringgitWTI* -sup $62.66/$61.38res $64.10/$64.74/$65.53Spot gold$3,322/$3,3...Reuters
Wed, Aug 13
GRAINS-Corn rises after deep losses, record supplies to cap gains
SINGAPORE, Aug 13 (Reuters) - Chicago corn futures inched higher on Wednesday, with bargain buying lifting prices following the market's more than 3% drop in the last session after a U.S. report forecast record output.Soybeans slid for the first time in three sessions, while wheat fell for a sec...Reuters
Wed, Aug 13
Delta, Aeromexico request extension to wrap up antitrust agreement
MEXICO CITY, Aug 12 (Reuters) - Carriers Delta DAL.N and Aeromexico on Tuesday argued against winding down their antitrust agreement, as proposed by the U.S. Department of Transportation, while asking for an extension to do so if needed.The two, in a filing to authorities, requested the deadline be ...Reuters
Wed, Aug 13
Gold Price Forecast: XAU/USD drifts higher to near $3,350 on rising Fed rate cut bets
The Gold price (XAU/USD) gains ground to near $3,350 during the early Asian session on Wednesday. The precious metal rebounds after bouncing off multi-day troughs around $3,330 amid the likelihood of a Federal Reserve (Fed) rate cut in September.Fxstreet
Wed, Aug 13
CIF/FOB Gulf Grain-Corn barge bids mixed, soy bids firm
CHICAGO, Aug 12 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast terminals were mixed on Tuesday, underpinned by brisk corn export demand, while soybean barge bids firmed a bit, traders said.CIF Gulf corn barges loaded in August were offered at around 80 cents over Chicago Board...Reuters
Tue, Aug 12
COLUMN-China’s fight against price wars is an uphill battle: Raychaudhuri
By Manishi Raychaudhuri HONG KONG, August 13 (Reuters) - Overcapacity has made its way into China’s domestic market, with price wars leading to collapsing profitability and accelerating deflation. The government has responded by launching a so-called “anti-involution” program to combat deflationa...Reuters
Tue, Aug 12
Daimler, Volvo, other truckmakers sue California to block emissions rules
Truckmakers caught in crossfire between US, CaliforniaUS ends antitrust probe into California clean truck planCalifornia governor, regulator not available for commentBy Jonathan Stempel Aug 12 (Reuters) - Four major truckmakers, including Daimler DTGGe.DE and Volvo, sued California to block the s...Reuters
Tue, Aug 12
LIVESTOCK-CME cattle jump as beef prices surge, USDA projects lower production
By Karl PlumeCHICAGO, Aug 12 (Reuters) - Chicago Mercantile Exchange live cattle futures advanced on Tuesday on sharply higher beef values and tight cattle supplies that have cash market prices hovering around historic highs.Futures got an additional lift as the U.S. Department of Agriculture cut it...Reuters
Tue, Aug 12
US coffee buyers requesting to postpone Brazil imports, Brazilian lobby says
SAO PAULO, Aug 12 (Reuters) - Coffee buyers in the United States have started requesting to postpone imports of Brazilian coffee following a 50% tariff imposed on Brazilian goods by U.S. President Donald Trump, local exporters' group Cecafe said on Tuesday. The U.S. coffee industry, a major buye...Reuters
Tue, Aug 12
