News
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GRAINS-Soybeans up for third session on hopes of US-China trade talks
SINGAPORE, April 23 (Reuters) - Soybeans gained more ground on Wednesday, after U.S. Treasury Secretary Scott Bessent said in a closed-door meeting that he believes there will be a de-escalation in Washington-Beijing trade tensions.Corn and wheat edged higher.FUNDAMENTALS* The most-active soybean co...Reuters
Wed, Apr 23
Musk says Tesla's Optimus humanoid robots affected by China's export curbs on rare earths
By Hyunjoo Jin April 23 (Reuters) - Tesla TSLA.O CEO Elon Musk said on Tuesday that the production of its Optimus humanoid robots had been affected by China's export restrictions of rare earth magnets.He said China wants assurances that its rare earth magnets are not used for military purpose...Reuters
Wed, Apr 23
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, April 23 (Reuters) - Contract Target Support/Resistance Brent oil $66.71/$65.81/$64.91res $68.60/$69.64Palm oil (3rd month)3,875 ringgitres 3,968/4,026 ringgitWTI* $63.26/$62.20res $65.64/$66.54Spot gold$3,291/$3,270res $3,349/$3,385LME copper (3r...Reuters
Wed, Apr 23
US proposes unofficial recognition of Russian controlled areas in Ukraine, Axios reports
WASHINGTON, April 22 (Reuters) - The U.S. expects response on Wednesday to a peace framework that includes unofficial recognition of Russian control of nearly all areas occupied since the 2022 start of the war in Ukraine, Axios reported on Tuesday, citing sources with direct knowledge of the proposa...Reuters
Tue, Apr 22
FOCUS-Hyundai Steel's $6 bln US investment draws investor ire, tests Seoul's tariff strategy
Hyundai Steel investors question feasibility, cost of US projectHyundai Steel's hastily drawn-up investment plan hits its sharesSome experts question if deal would help Seoul win more favourable terms in US trade talksBy Heekyong Yang and Hyunjoo Jin SEOUL, April 23 (Reuters) - In late March,...Reuters
Tue, Apr 22
LIVESTOCK-CME cattle gain as Wall Street rebounds
CHICAGO, April 22 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures strengthened on Tuesday on support from rising equity markets while hog futures also ticked up on a seasonally tighter supply of hogs, traders said.U.S. stocks rebounded on Tuesday as a spate of quarterly earnin...Reuters
Tue, Apr 22
CIF/FOB Gulf Grain-Corn, soy barge bids steady to weaker
CHICAGO, April 22 (Reuters) - Basis bids for soybeans and corn delivered by barge to U.S. Gulf Coast terminals were steady to weaker on Tuesday, reflecting slightly cheaper costs for barge freight this week, traders said.* Empty barges available this week on the Mississippi River at St. Louis were o...Reuters
Tue, Apr 22
EQT to buy Olympus Energy assets for $1.8 bln to boost Marcellus presence
April 22 (Reuters) - EQT EQT.N said on Tuesday it plans to buy the upstream and midstream assets of oil-and-gas producer Olympus Energy for $1.8 billion to expand its presence in the natural gas-rich Marcellus region in the U.S. A wave of consolidation in the U.S. energy sector since 2023 started...Reuters
Tue, Apr 22
Oil prices settle up nearly 2% on new Iran sanctions, equities rally
Brent, WTI crude futures settle more than $1 per barrel higherFresh US sanctions against Iran keep traders cautiousEquity markets recover on hopes of easing US-China trade tensionsEconomic concerns persist on US tariffs and monetary policyBy Shariq Khan NEW YORK, April 22 (Reuters) - Oil prices s...Reuters
Tue, Apr 22
COLUMN-Black Sea may hold back world wheat supplies into 2026: Braun
By Karen Braun NAPERVILLE, Illinois, April 22 (Reuters) - The global wheat market narrative has recently shifted, though it's easy to have missed it.Exportable world wheat supplies in 2024-25 are no longer expected to fall to multiyear lows, a perhaps predictable outcome based on recent patte...Reuters
Tue, Apr 22
CME Group lifts force majeure for CBOT wheat stations on Ohio River
CHICAGO, April 22 (Reuters) - The CME Group Inc said on Tuesday that force majeure was no longer in effect at Chicago Board of Trade wheat shipping stations along the Ohio River.The exchange declared force majeure on April 9 after flooding and high water made grain load-out impossible at delivery po...Reuters
Tue, Apr 22
US Cash Crude-Grades mixed as traders return from long holiday weekend
April 22 (Reuters) - U.S. sweet crude grades weakened on Tuesday while West Texas Sour also slipped, dealers said, as the front-month futures contract expired and kicked off a more volatile trading period. Light Louisiana Sweet WTC-LLS for May delivery weakened 20 cents at a midpoint of a $2.00 prem...Reuters
Tue, Apr 22
Baker Hughes reports first-quarter profit beat
April 22 (Reuters) - U.S. oilfield technology firm Baker Hughes BKR.O beat Wall Street estimates for first-quarter profit on Tuesday, helped by sustained demand for its drilling equipment and technology in international markets and North America.The Houston-based company posted an adjusted profit of...Reuters
Tue, Apr 22
US Senate panel to hold May 1 confirmation hearing for deputy commerce secretary nominee
WASHINGTON, April 22 (Reuters) - The Senate Commerce Committee said Tuesday it plans to hold a May 1 confirmation hearing for Paul Dabbar to serve as deputy U.S. commerce secretary.Dabbar is a former CEO of Bohr Quantum Technology, developing and deploying technologies for the emerging quantum inter...Reuters
Tue, Apr 22
EQT beats first-quarter profit estimates
April 22 (Reuters) - EQT EQT.N beat first-quarter profit estimates on Tuesday, benefiting from higher natural gas prices.The company reported an adjusted profit of $1.18 per share, for the quarter ended March 31, above analysts' average estimate of $1.02 per share, according to data compiled by ...Reuters
Tue, Apr 22
US Plains HRW Wheat-Basis bids mostly unchanged on slow farmer sales
CHICAGO, April 22 (Reuters) - Spot basis bids for hard red winter (HRW) wheat held mostly steady in the southern U.S. Plains on Tuesday, underpinned by easing futures prices and limited farmer selling interest, dealers said.* Growers are assessing crops after weekend rains brought needed moisture to...Reuters
Tue, Apr 22
ICE canola futures rise in technical rebound
WINNIPEG, Manitoba, April 22 (Reuters) - ICE canola futures more than gained back Monday's losses on Tuesday, on a technical response to the previous day's selloff.• July canola RSN5 settled up $14.10 at $679.50 per metric ton. November RSX5 rose $7.10 to $650.50, causing its discount to Jul...Reuters
Tue, Apr 22
