News
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US Cash Grains-Corn steady up at processors, steady to down at river terminals
CHICAGO, Aug 11 (Reuters) - Basis bids for corn were flat to higher at processors on Monday, and flat to lower at river terminals. Bids for soybeans were steady to mixed at processors, steady to down at river terminals. The corn basis rose 3 cents at a processor in Cedar Rapids, Iowa. It fell 5 cent...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 ...Reuters
Mon, Aug 11
Trump says gold will not face tariffs
WASHINGTON, Aug 11 (Reuters) - U.S. President Donald Trump on Monday said gold would not be subject to tariffs, but gave no other details."Gold will not be Tariffed!" Trump said in a statement posted on his social media account and attributed to the president.Reuters
Mon, Aug 11
Gold miners awaiting US clarity on gold bar tariffs, Barrick CEO says
By Divya Rajagopal TORONTO, Aug 11 (Reuters) - Barrick Mining CEO ABX.TO Mark Bristow said on Monday that the gold industry is awaiting clarity from the White House regarding potential U.S. tariffs on gold bars, but added that, regardless of the outcome, the impact on miners would be minimal. ...Reuters
Mon, Aug 11
Med crude-CPC Blend differentials rise
LONDON, Aug 11 (Reuters) - Caspian CPC Blend crude discounts to dated Brent narrowed on Monday, while Azeri BTC was stable as traders assess the fallout of a recent contamination issue.* Two Aframax cargoes of CPC Blend recently traded around dated Brent minus $1.15/1.00 CIF Augusta, according to a ...Reuters
Mon, Aug 11
Explosion reported at US steel plant, multiple people injured- reports
Aug 11 (Reuters) - Multiple people were injured on Monday after an explosion at a steel plant in the Pittsburgh metropolitan area, where fire crews could be seen battling flames as heavy smoke rose from the facility, according to CBS News and other local news reports.Pennsylvania Governor Josh Shapi...Reuters
Mon, Aug 11
Brazil egg exports to US spike after bird flu, ahead of tariff
SAO PAULO, Aug 11 (Reuters) - Brazilian total egg exports, including fresh and processed products, rose almost 305% to 5,259 metric tons in July, reflecting strong demand from the United States after its bird flu outbreak, according to data compiled by industry group ABPA on Monday.The U.S. turned t...Reuters
Mon, Aug 11
Brazil antitrust body CADE postpones final decision on Marfrig-BRF deal
By Ana Mano SAO PAULO, Aug 11 (Reuters) - Brazil's antitrust authority CADE has postponed its decision on beef producer Marfrig's MRFG3.SA proposed takeover of food processor BRF BRF3.SA after the agency's president recommended commissioners prolong the review, according to an electro...Reuters
Mon, Aug 11
METALS-Copper prices fall as supply concerns ease
By Polina Devitt LONDON, Aug 11 (Reuters) - Copper prices fell on Monday as Chile allowed mining to resume at Codelco's El Teniente mine and the dollar strengthened, while the market awaited more clues on the path of interest rates.Benchmark three-month LME copper CMCU3 on the London Metal Ex...Reuters
Mon, Aug 11
Europe Gasoline/Naphtha-Gasoline profit margins inch lower
LONDON, Aug 11 (Reuters) - Northwest European gasoline profit margins edged lower by 9 cents to $16.09 a barrel on Monday.One 2,000 metric ton Eurobob E5 barge traded where Glencore sold to Vitol.Additionally, a total of 8,000 tons of Eurobob E10 gasoline traded, with Shell and Glencore selling to E...Reuters
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 VITOLV.UL are nearing th...Reuters
Mon, Aug 11
Power Up: Russia under pressure
Aug 11 - By Liz HamptonU.S. energy markets editor Hello Power Up readers! Oil prices are up slightly to kick off the week as investors eye talks between the U.S. and Russia later this week over the war in Ukraine. U.S. President Donald Trump and Russian President Vladimir Putin are set to m...Reuters
Mon, Aug 11
North Sea Crude-WTI Midland rises
LONDON, Aug 11 (Reuters) - U.S. WTI crude differentials rose on Monday after a trade in the Platts window. PLATTS WINDOW* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).* Two cargoes traded.* WTI Midland: M...Reuters
Mon, Aug 11
Azerbaijan, Armenia publish text of US-brokered peace deal
Azerbaijan, Armenia publish preliminary peace agreement brokered by USSouth Caucasus countries have been in conflict for nearly 40 yearsDeal not yet formally signedAzerbaijan is demanding Armenia change its constitutionPotential deal would transform energy-rich regionBy Lucy Papachristou and Nailia ...Reuters
Mon, Aug 11
Trump says administration is considering reclassifying marijuana
WASHINGTON, Aug 11 (Reuters) - President Donald Trump said on Monday that his administration is looking at reclassifying marijuana as a less dangerous drug and potentially lower criminal penalties, but no final decision has been made. Speaking to reporters at the White House briefing room, Trump sai...Reuters
Mon, Aug 11
Brazil antitrust body CADE postpones final decision on Marfrig-BRF deal
SAO PAULO, Aug 11 (Reuters) - The president of Brazilian antitrust authority CADE has submitted his recommendation to prolong the review of Marfrig's MRFG3.SA proposed takeover of BRF BRF3.SA to a panel of commissioners, according to an electronically signed document posted on CADE's website...Reuters
Mon, Aug 11
Tropical storm Erin forms near Cape Verde Islands
Aug 11 (Reuters) - Tropical Storm Erin formed near the Cape Verde Islands, the U.S. National Hurricane Center said on Monday.The storm is located about 280 miles (455 km) west-northwest of the Cape Verde Islands, packing maximum sustained winds of 45 miles per hour (75 km/h).Reuters
Mon, Aug 11
Phillips 66 Reports Emission Event At Borger, Texas Refinery
Aug 11 (Reuters) - Phillips 66 PSX.N:REPORTS EMISSIONS AT BORGER, TEXAS REFINERY AFTER SO2 FROM GOHDS AND WEST FLARES EXCEEDED 500 LBSREPORTS AN INVESTIGATION INTO THE CAUSE OF THE INCIDENT WILL BE CONDUCTED SOURCE - TEXAS COMMISSION ON ENVIRONMENTAL QUALITY FILINGCAPACITY - 149,000 BARRELS PER DAYReuters
Mon, Aug 11
Lithium stocks rally as CATL mine halt raises prospects of tighter supply
Aug 11 (Reuters) - Shares of lithium producers surged on Monday after Chinese battery giant Contemporary Amperex Technology (CATL) 300750.SZ halting output at a major mine raised hopes it would erode the oversupply in a market grappling with soft demand.During morning trade, Albemarle Corp ALB.N jum...Reuters
Mon, Aug 11
