News
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CANADA-CRUDE-Discount on Western Canada Select widens
Aug 11 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 widened on Monday.WCS for September delivery in Hardisty, Alberta, settled at $12.25 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $12....Reuters
Mon, Aug 11
Albemarle operating chief Netha Johnson to leave company
Aug 11 (Reuters) - Albemarle ALB.N, the world's largest producer of lithium for rechargeable batteries, said on Monday that Chief Operating Officer Netha Johnson will leave the company.Albemarle did not provide a timeline for Johnson's exit. A company spokesperson declined to comment on the ...Reuters
Mon, Aug 11
Brazilian businessman Nelson Tanure may give up on Braskem deal
By Luciana Magalhaes SAO PAULO, Aug 11 (Reuters) - Brazilian businessman Nelson Tanure may give up on his bid to acquire a controlling stake in Latin America's largest petrochemical firm Braskem as his exclusive negotiations window nears closing without an agreement to resolv...Reuters
Mon, Aug 11
US Plains HRW Wheat-Basis steady as futures tick up
CHICAGO, Aug 11 (Reuters) - Spot basis bids for hard red winter wheat were steady in a spot check of locations in the southern U.S. Plains on Monday as futures firmed slightly. Wheat futures traded near flat, gaining some support from a rally in soybeans but pressured by large global supplies.GRA/ ...Reuters
Mon, Aug 11
Air Canada pay talks intensify as cabin crew protest, threaten strike
Cabin crew protest unpaid work at Canadian airportsUnion seeks pay for non-flight tasks, higher wages for new recruitsAir Canada said it would make attendants best paid in CanadaBy Allison Lampert and Wa Lone MONTREAL/TORONTO Aug 11 (Rtrs) - Hundreds of cabin crew members took their fight to majo...Reuters
Mon, Aug 11
US Cash Crude-Sour grades weaken on narrower WTI/Brent spread
Aug 11 (Reuters) - U.S. sour crude grade differentials weakened on Monday, dealers said, as the spread between U.S. crude futures and global benchmark Brent narrowed. U.S. crude futures' discount to Brent narrowed to minus $3.52 a barrel. A narrower spread makes U.S. grades less attractive to fo...Reuters
Mon, Aug 11
US soybean prices jump after Trump urges China to quadruple orders
China-US tariff truce extended, White House saysAnalysts say quadrupling soybean orders is 'highly unlikely'By Ella Cao, Lewis Jackson, Chandni Shah and Tom Polansek Aug 11 (Reuters) - U.S. soybean prices soared to a two-week high on Monday after President Donald Trump urged China to quad...Reuters
Mon, Aug 11
FGI Industries' Q2 revenue misses estimates
OverviewFGI Q2 revenue rises 5.5% y/y but misses analyst expectations, per LSEG dataAdjusted net loss of $1.2 mln misses analyst estimates, per LSEG dataGross margin declines 240 bps due to ongoing tariff environmentOutlookFGI Industries reiterates fiscal 2025 revenue guidance of $135-145 mlnCompany...Reuters
Mon, Aug 11
GRAINS-Soybeans rally after Trump urges China to buy more US beans
By Karl Plume CHICAGO, Aug 11 (Reuters) - U.S. soybean futures rallied to a two-week high on Monday after U.S. President Donald Trump said he hoped China would quadruple its soybean buying from the United States and as forecasts of hot, dry U.S. weather sparked some concern about yields.Corn and ...Reuters
Mon, Aug 11
SOFTS-Cocoa soars on Ivory Coast crop worries, coffee also sharply up
NEW YORK, Aug 11 (Reuters) - Cocoa futures traded on ICE exchange soared on Monday as trader buying on Ivory Coast crop concerns caused a breach of technical trade levels, prompting funds to pile in. Coffee futures also gained amid light frosts in Brazil. COCOA* New York cocoa CC...Reuters
Mon, Aug 11
CBOT wheat ends narrowly mixed ahead of USDA report
CHICAGO, Aug 11 (Reuters) - U.S. wheat futures ended narrowly mixed on Monday as traders squared positions ahead of a monthly U.S. government crop report as prices remained anchored by abundant global supplies.The U.S. Department of Agriculture is due to release its crop production and stocks report...Reuters
Mon, Aug 11
CBOT corn ends firm on soybean strength
CHICAGO, Aug 11 (Reuters) - Chicago Board of Trade corn futures firmed on Monday on spillover support from sharply higher soybeans, although gains were limited by hefty supplies as traders expect U.S. farmers to harvest a bumper crop this autumn.Corn futures recently touched multi-month lows, which ...Reuters
Mon, Aug 11
BGE asks customers to conserve electricity to reduce potential for outage
Aug 11 (Reuters) - Baltimore Gas And Electric Company (BGE) asked all customers to conserve electricity to reduce the potential for widespread outages on Monday afternoon and evening.The company said potential outages could be the result of a power plant experiencing an unplanned disconnection from ...Reuters
Mon, Aug 11
Oil settles flat ahead of US-Russia talks
Trump and Putin to meet on Friday in AlaskaUBS lowers Brent crude forecast on higher supplyOPEC July oil output hike limited by Iraqi cutsBy Georgina McCartney HOUSTON, Aug 11 (Reuters) - Oil settled flat on Monday after falling more than 4% last week, as investors looked towards talks this week ...Reuters
Mon, Aug 11
US natural gas futures dip to one-week low on high output, less hot weather
Near-record output and ample supplies contribute to price declineTraders not worried about winter gas supplies, March-April spread fallsPrices drop despite strong LNG exports, record flows to Plaquemines plantBy Scott DiSavino Aug 11 (Reuters) - U.S. natural gas futures eased to a one-week low on...Reuters
Mon, Aug 11
ICE canola futures rise on soy strength
WINNIPEG, Manitoba, Aug 11 (Reuters) - ICE canola futures followed the soybean and soyoil markets higher on Monday.• November canola RSX5 settled up $11.40 at $680.80 per metric ton. January RSF6 rose $11.20 to $692.20. • Substantial rain fell in many parts of the Canadian prairies in the last week....Reuters
Mon, Aug 11
CBOT soybeans rally after Trump social media post urging China purchases
CHICAGO, Aug 11 (Reuters) - Chicago Board of Trade soybean futures rallied more than 2% to a two-week high on Monday after U.S. President Donald Trump posted on social media that China should step up its U.S. soy purchases to reduce its trade deficit with the United States.Concerns about hot and dry...Reuters
Mon, Aug 11
PRECIOUS-Gold falls as markets await inflation data, Trump clarifies no tariffs on gold
US CPI due on Tuesday, PPI on Thursday Trump and Putin to meet to discuss Ukraine peace dealPalladium up over 2% By Ashitha Shivaprasad Aug 11 (Reuters) - Gold prices fell on Monday after President Donald Trump said tariffs will not be placed on imported gold bars, while investors awaited a U.S. ...Reuters
Mon, Aug 11
Gold price slumps as traders eye US CPI, Trump–Putin summit
Gold price dives during the North American session as traders waited for the White House resolution on duties over physical Bullion bars, which triggered a downturn last Friday in the futures market. Traders awaiting the release of inflation data in the United States (US) pushed spot prices down.
Fxstreet
Mon, Aug 11
Gold Reserve, Vitol battle for Citgo's parent before sale hearing
Vitol's subsidiary rushing to secure deal with bondholdersSome creditors unwilling to accept non-cash offersFinal hearing in Delaware set for August 18By Marianna Parraga HOUSTON, Aug 11 (Reuters) - Subsidiaries of miner Gold Reserve GRZ.V and commodities trader Vitol are nearing the finish l...Reuters
Mon, Aug 11
