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GRAINS-Corn dives after USDA projects bin-busting US harvest, soybeans rise
USDA projects record corn harvest, shocking market with acreage adjustmentsSoybeans rise due to smaller-than-expected harvest and tighter suppliesWheat futures fall amid ample global supplies, following corn's declineBy Karl Plume CHICAGO, Aug 12 (Reuters) - U.S. corn futures plunged to contr...Reuters
Tue, Aug 12
Exxon could invest as much as $21.7 billion if it finds oil, gas in Trinidad, energy minister says
Aug 12 (Reuters) - Exxon Mobil XOM.N could invest as much as $21.7 billion in Trinidad and Tobago if the energy major finds reserves in a large deepwater area it plans to explore for oil and gas in the Caribbean country, energy minister Roodal Moonilal said.The official spoke on Tuesday at an event ...Reuters
Tue, Aug 12
US to retaliate against IMO members that back net zero emissions plan
US opposes IMO proposal citing cost concerns for citizens and businessesUS exited IMO talks on net-zero framework in AprilMajor shipping firms committed to net zero by 2050By Lisa Baertlein, Valerie Volcovici and Enes Tunagur Aug 12 (Reuters) - The U.S. on Tuesday rejected the "Net-Zero Frame...Reuters
Tue, Aug 12
CBOT wheat falls to contract lows on big supply, lower corn
CHICAGO, Aug 12 (Reuters) - Chicago Board of Trade wheat futures dropped to contract lows in all traded months on Tuesday, pressured by sharply lower corn prices and plentiful global wheat supplies.The U.S. Department of Agriculture sharply raised its 2025 U.S. corn harvest outlook in a monthly repo...Reuters
Tue, Aug 12
Chevron-chartered tanker docks at Venezuela to load oil after new US license
HOUSTON, Aug 12 (Reuters) - A Chevron-chartered CVX.N tanker docked at Venezuelan state company PDVSA's Jose terminal on Tuesday, becoming the first vessel set to load a crude cargo bound for the United States after a new U.S. license, LSEG tracking data showed. The U.S. Treasury Department late...Reuters
Tue, Aug 12
Brazil's Samarco gets court approval to exit bankruptcy proceedings
SAO PAULO, Aug 12 (Reuters) - Brazilian miner Samarco, a joint venture between Vale VALE3.SA and BHP BHP.AX, has received approval from a court in Minas Gerais state to exit bankruptcy protection proceedings, it said in a statement on Tuesday.The process allowed Samarco to reorganize more than 50 bi...Reuters
Tue, Aug 12
Gold rallies as US CPI is mixed, while Trump remarks fuel rate cut bets
Gold price recovered some ground on Tuesday, climbing 0.20% following the release of July’s inflation print in the United States (US). Although prices had risen, Bullion’s was supported by US President Donald Trump's remarks threatening the Federal Reserve’s (Fed) independence.
Fxstreet
Tue, Aug 12
CBOT corn tumbles to contract lows as USDA projects record harvest
CHICAGO, Aug 12 (Reuters) - Chicago Board of Trade corn futures dove to contract lows on Tuesday after the U.S. Department of Agriculture raised its U.S. harvest outlook by more than expected, ballooning its stocks outlook for the new-crop season to a seven-year high.In a monthly report, the USDA pr...Reuters
Tue, Aug 12
Brazil orange juice byproducts will suffer from Trump tariffs
By Ana ManoSAO PAULO, Aug 12 (Reuters) - Brazilian exporters of orange juice byproducts will suffer a major revenue decline from a hefty 50% U.S. tariff imposed on many of the country's products in early August, industry trade group CitrusBR said on Tuesday. The economic impact can amount to ...Reuters
Tue, Aug 12
PRECIOUS-Gold nudges higher after US inflation data
US consumer price index rose 0.2% last month US and China extend tariff truce by 90 daysPPI, retail sales data due later this week By Ashitha Shivaprasad Aug 12 (Reuters) - Gold prices edged higher on Tuesday after U.S. inflation data sustained expectations of Federal Reserve interest rate cuts, ...Reuters
Tue, Aug 12
Smoke at Zaporizhzhia nuclear plant's administration building, IAEA confirms no radiation risk or casualties
Aug 12 (Reuters) - International Atomic Energy Agency staff at Ukraine's Zaporizhzhia Nuclear Power Plant observed smoke rising from the administrative building, following reports of a fire near the cooling towers, Director General Rafael Mariano Grossi said on Tuesday."No radiation increase...Reuters
Tue, Aug 12
US deficit grows to $291 billion in July despite surge in tariff revenue
Aug 12 (Reuters) - The U.S. government's budget deficit grew nearly 20% in July to $291 billion despite a $21 billion jump in customs duty collections from President Donald Trump's tariffs, with outlays growing faster than receipts, the Treasury Department said on Tuesday.The deficit for Jul...Reuters
Tue, Aug 12
'MAHA' activists urge Trump to oppose limits on pesticide regulation
Letter warns Trump of possible fallout in midterm electionsMAHA movement warns of health risks from pesticidesBayer seeks liability shields amid Roundup litigationBy Leah Douglas WASHINGTON, Aug 12 (Reuters) - President Donald Trump should block the U.S. House from limiting the regulation of pest...Reuters
Tue, Aug 12
GRAINS-Corn dives after USDA sharply raises US crop outlook, soybeans rise
USDA projects record corn harvest, shocking market with acreage adjustmentsSoybeans rise due to smaller-than-expected harvest and tighter suppliesWheat futures fall amid ample global supplies, following corn's declineBy Karl Plume CHICAGO, Aug 12 (Reuters) - U.S. corn futures plunged to contr...Reuters
Tue, Aug 12
US Cash Grains-Soybeans steady to mixed at processors
CHICAGO, Aug 12 (Reuters) - Basis bids for soybeans were steady to mixed at processors in the U.S. Midwest on Tuesday in a spot check of locations. Corn bids were steady to down at processors and steady to up at river terminals. The soybean basis rose 10 cents at a processor in Decatur, Illinois, an...Reuters
Tue, Aug 12
INSTANT VIEW-USDA predicts record-high US corn harvest, cuts soy acres
CHICAGO, Aug 12 (Reuters) - U.S. farmers this year are expected to harvest the biggest corn crop on record, the U.S. Department of Agriculture said on Tuesday.The government predicted a record-high corn yield of 188.1 bushels per acre and also raised its estimate of corn acreage. For soybeans, the U...Reuters
Tue, Aug 12
US crude production to hit record 13.41 million bpd in 2025 before falling, EIA says
EIA forecasts decline in US crude output in 2026Brent prices to average $51 per barrel in 2026US distillate inventories to hit lowest year-end level since 2000By Stephanie Kelly NEW YORK, Aug 12 (Reuters) - U.S. crude production will hit a record 13.41 million barrels per day in 2025 due to incre...Reuters
Tue, Aug 12
Europe Gasoline/Naphtha-Gasoline profit margins rise
LONDON, Aug 12 (Reuters) - Northwest European gasoline profit margins rose by $1.13 to $17.10 a barrel on Tuesday.No Eurobob E5 or E10 barges traded in the session. EU and UK gasoline and blending component exports to other regions averaged 455,000 bpd in August, compared to 985,000 bpd in July, Kpl...Reuters
Tue, Aug 12
EU wheat hits contract lows as USDA data adds to supply pressure
PARIS/HAMBURG, Aug 12 (Reuters) - Euronext wheat futures fell to contract lows on Tuesday, pressured by ongoing Northern Hemisphere harvests and a sharply increased U.S. corn crop forecast that reinforced expectations of ample global grain supply.September wheat BL2U5 on the Paris-based Euronext set...Reuters
Tue, Aug 12
US natgas output and demand to hit record highs in 2025, before sliding in 2026, EIA says
By Scott DiSavinoAugust 12 (Reuters) - U.S. natural gas output and demand will both rise to record highs in 2025 before sliding in 2026, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.EIA projected dry gas production will rise from 103.2 bill...Reuters
Tue, Aug 12
