News
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WTI holds below $63.00 as traders await possible US-Russia meeting
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.75 during the early Asian trading hours on Monday. The WTI remains under selling pressure after posting the steepest weekly losses since late June in the previous session.
Fxstreet
Mon, Aug 11
Gold price declines amid risk-on sentiment despite Fed rate cut expectations
Gold price (XAU/USD) continues with its struggle to find acceptance above the $3,400 mark and attracts heavy selling during the Asian session on Monday. The sharp intraday fall is sponsored by a positive risk tone, which tends to undermine demand for the traditional safe-haven bullion.Fxstreet
Mon, Aug 11
GRAINS-Soybeans rise after Trump says he wants China to buy more US beans
CANBERRA, Aug 11 (Reuters) - Chicago soybean prices rose more than 2% on Monday after U.S. President Donald Trump said he hoped China would quadruple its soybean orders from the United States. China is the largest soy importer in the world, but has been shunning U.S. beans for South American ones on...Reuters
Mon, Aug 11
PRESS DIGEST- Financial Times - Aug 11
Aug 11 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Zuber Issa calls for EG Group to sell $5 billion-plus US forecourt business- Pimco raising capital for a European data centre fund valu...Reuters
Mon, Aug 11
Trump says he hopes China will quickly quadruple its US soybean orders
Aug 10 (Reuters) - U.S. President Donald Trump said on Sunday that he hoped China would quadruple its soybean orders from the U.S, adding that it was also "a way of substantially reducing" Beijing's trade deficit with Washington."China is worried about its shortage of soybeans. Our g...Reuters
Mon, Aug 11
TECHNICALS-CBOT soybeans neutral in $9.84-1/2 to $9.95-1/2 range
For more technical analyses, please click SINGAPORE, Aug 11 (Reuters) - The CBOT soybean November contract SX25 looks neutral in a range of $9.84-1/2 to $9.95-1/2 per bushel, and an escape could suggest a direction.A break above $9.95-1/2 could lead to a gain into the $10.04-1/2 to $10.13-1/2 range,...Reuters
Mon, Aug 11
Oil prices fall as market eyes US-Russia talks on Ukraine
BEIJING, Aug 11 (Reuters) - Oil prices fell in early Asian trading on Monday, extending declines of more than 4% last week on higher U.S. tariffs on its trading partners, an OPEC output hike, and expectations the U.S. and Russia were moving closer to a Ukraine ceasefire pact.Reuters
Mon, Aug 11
METALS-Shanghai copper hits over one-week high on softer dollar, China demand hopes
BEIJING, Aug 11 (Reuters) - Shanghai copper futures climbed on Monday to hit their highest in more than a week, aided by a softer dollar and China demand hopes, even though supply concerns eased after Codelco got nod to restart operations at the El Teniente mine in Chile.The most-traded copper contr...Reuters
Mon, Aug 11
PRECIOUS-Gold slips as dollar firms, investors book profit; US data on tap
Aug 11 (Reuters) - Gold prices slipped on Monday as the dollar strengthened and some investors locked in profits after a recent rally, with markets now focused on upcoming U.S. inflation data that could offer insight into Federal Reserve's interest rate outlook.FUNDAMENTALS* Spot gold XAU= was d...Reuters
Mon, Aug 11
CATL says it has suspended mining operations at Yichun project
BEIJING, Aug 11 (Reuters) - Chinese electric vehicle battery manufacturing giant Contemporary Amperex Technology (CATL) 300750.SZ said on Monday that it has suspended mining operations in the southern region of Yichun after a mining licence expired on August 9. "We are handling the application ...Reuters
Mon, Aug 11
GRAINS-Ample supply pushes wheat, corn and soy prices lower
CANBERRA, Aug 11 (Reuters) - Chicago wheat, corn and soybean futures fell on Monday, with ample supply pushing them towards multi-month or multi-year lows ahead of a U.S. Department of Agriculture (USDA) supply and demand report this week that could move prices. FUNDAMENTALS* The most-activ...Reuters
Mon, Aug 11
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Aug 11 (Reuters) - Contract Target Support/Resistance Brent oil $65.49/$64.61res $66.91/$67.78/$69.20Palm oil (3rd month)4,279 ringgitsup 4,246/4,225/4,211 ringgitWTI* $61.69res $64.61/$65.05/$67.14Spot gold$3,364/$3,342res $3,415/$3,434LME c...Reuters
Mon, Aug 11
BHP leads global steelmakers group to study Asian carbon capture hubs
Aug 11 (Reuters) - BHP BHP.AX, the world's largest miner, is leading a global consortium of steelmakers to explore carbon capture, utilisation and storage (CCUS) opportunities across Asia, project manager Hatch said on Monday.The group, comprising ArcelorMittal Nippon Steel India, JSW Steel JSTL...Reuters
Mon, Aug 11
Gold Price Forecast: XAU/USD remains capped under $3,400 ahead of US inflation data
The Gold price (XAU/USD) attracts some sellers to near $3,390 during the early Asian session on Monday. The precious metal drifts lower amid a modest recovery in the US Dollar (USD). Traders brace for the release of the US inflation report, which is due later on Tuesday.Fxstreet
Mon, Aug 11
Hatch Says Consortium Undertaking Pre-Feasibility Study For Developing CCUS Hubs Across Asia
Aug 11 (Reuters) - Hatch: CONSORTIUM UNDERTAKING PRE-FEASIBILITY STUDY TO ASSESS DEVELOPMENT OF CARBON CAPTURE, UTILISATION & STORAGE HUBS ACROSS ASIACONSORTIUM OF ARCELORMITTAL NIPPON STEEL INDIA, JSW STEEL, HYUNDAI STEEL, BHP, OTHERSCONSORTIUM STUDY WILL SEEK POTENTIAL APPLICATIONS FOR CAPTUR...Reuters
Sun, Aug 10
REUTERS NEWS SCHEDULE AT 10 pm GMT/6 pm ET
Here are the top stories and upcoming coverage plans for Reuters text service as of 10 pm GMT/6 pm ET. For a full schedule of news and events, go to our editorial calendar on Reuters Connect.TOP STORIESGLOBALUKRAINE-CRISIS/ Zelenskiy wins EU, NATO backing as he seeks place at TrumpPutin talks(REUTER...Reuters
Sun, Aug 10
Mexico sets minimum export prices for fresh tomatoes
By Brendan O'Boyle MEXICO CITY, Aug 10 (Reuters) - Mexico has set minimum export prices for fresh tomatoes to protect its domestic production and ensure internal supply after a bilateral agreement with the U.S. expired, Mexico's economy and agriculture ministries said in a joint statement...Reuters
Sun, Aug 10
Mexico sets minimum export prices for fresh tomatoes
MEXICO CITY, Aug 10 (Reuters) - Mexico has set minimum export prices for fresh tomatoes to protect its domestic production and ensure internal supply, the Economy and Agriculture Ministries said in a joint statement on Sunday.The decision comes after the U.S. withdrew in July from a 2019 agreement t...Reuters
Sun, Aug 10
NHC says 40% chance of cyclone near west coast of Africa and Cabo Verde Islands
Aug 10 (Reuters) - A well-defined low pressure system has formed about midway between the west coast of Africa and the Cabo Verde Islands and has a 40% chance of becoming a cyclone in the next 48 hours, the U.S. National Hurricane Center said on Sunday. "Regardless of development, locally heavy ...Reuters
Sun, Aug 10
