News
Important Only
ICE canola futures fall Friday and for week
WINNIPEG, Manitoba, Aug 8 (Reuters) - ICE canola futures fell on Friday and for the holiday-shortened week, dragged lower by weakness in Chicago soyoil.• November canola RSX5 settled down $7.90 at $669.40 per metric ton. January RSF6 fell $9.10 to $681.• Canola futures had only one day of gains duri...Reuters
Fri, Aug 8
CBOT wheat ends down on plentiful global supply
CHICAGO, Aug 8 (Reuters) - U.S. wheat futures lost an export-fuelled rebound on Friday as abundant global supplies of the grain and technical trading weighed on prices.Northern Hemisphere wheat harvests have been flooding the market with new-crop grain.Cheap prices have, however, stimulated demand. ...Reuters
Fri, Aug 8
Med crude-Urals diffs unchanged, Azeri BTC oil exports set to drop in Sept
MOSCOW, Aug 8 (Reuters) - Urals crude differentials to dated Brent were unchanged on Friday in quiet trade, as sellers and buyers didn't rush to trade amid turbulent geopolitical situation, traders said.India's biggest state refiners Indian Oil Corp and Bharat Petroleum have bought at least ...Reuters
Fri, Aug 8
GRAINS-Chicago corn, wheat choppy amid demand uptick, ample supply
Chicago futures helped as low prices spark demandAmple supply continues to weigh on marketBy Heather Schlitz CHICAGO, Aug 8 (Reuters) - Chicago wheat, corn and soybean futures chopped up and down but ended lower on Friday as traders weighed a bounce in demand fuelled by low prices against expecta...Reuters
Fri, Aug 8
PRECIOUS-US gold futures pare gains after official says White House to clarify tariff policy on bullion bars
US gold futures hit an all-time high of $3,534.10Some gold players stop flying bars to USSwitzerland says tariff talks with US continuePalladium down over 2% By Ashitha Shivaprasad Aug 8 (Reuters) - U.S. gold futures pared gains on Friday, retreating from record high levels, after reports tha...Reuters
Fri, Aug 8
CBOT corn finishes lower amid abundant supply
CHICAGO, Aug 8 (Reuters) - Chicago Board of Trade corn futures finished lower on Friday after spending the day chopping up and down as traders weighed an uptick in demand against a backdrop of abundant supply.Expectations of plentiful supply have weighed heavily on prices as growing conditions for U...Reuters
Fri, Aug 8
CBOT soybeans falter ahead of USDA report
CHICAGO, Aug 8 (Reuters) - Chicago Board of Trade soybean futures tipped lower on Friday as traders shifted focus toward monthly USDA supply and demand projections due on Tuesday.The report will be closely watched for revisions to expected U.S. corn and soybean production.Expectations of plentiful s...Reuters
Fri, Aug 8
US natural gas futures drop 3% on near-record output and ample stockpiles
Near-record gas output allows increased storage despite high summer demandMarch-April futures 'widow maker' spread hits record low amid stable supplyStrong LNG exports and hot weather fail to prevent price dropBy Scott DiSavinoAug 8 (Reuters) - U.S. natural gas futures fell about 3% on Frida...Reuters
Fri, Aug 8
SOFTS-Coffee gains 8% in the week as tariffs freeze US-Brazil trade
NEW YORK, Aug 8 (Reuters) - Coffee futures on ICE rose again on Friday, gaining 8% on the week, as U.S.-Brazil trade remains frozen due to the Trump administration's tariffs, and as exchange stocks continue to slide. Sugar futures also rose. COFFEE* Arabica coffee futures KCc...Reuters
Fri, Aug 8
US imports fall more than expected in June on tariff concerns, trade body data shows
By Juveria Tabassum Aug 8 (Reuters) - Imports into the United States fell more than expected in June as concerns around shifting tariff policies hit retailers, raising fears of fewer product options in stores for shoppers, data from the National Retail Federation showed on Friday.WHY IT'S IMP...Reuters
Fri, Aug 8
White House will issue order clarifying gold bar tariffs, official says
WASHINGTON, Aug 8 (Reuters) - The White House intends to issue an executive order in the near future "clarifying misinformation" about tariffs on gold bars and other specialty products, a White House official told Reuters on Friday.Reuters
Fri, Aug 8
US Cash Grains-Corn, soybean bids flat to down at processors, ethanol plants
CHICAGO, Aug 8 (Reuters) - Basis bids for corn and soybeans were steady to lower at processors and ethanol plants in a spot check of locations in the U.S. Midwest on Friday, as farmers made space in their storage bins ahead of the autumn harvest and futures eased. The corn basis fell 2 cents each a...Reuters
Fri, Aug 8
US imports fall more than expected in June on tariff concerns, trade body data shows
Aug 8 (Reuters) - Imports into the United States fell more than expected in June as concerns around shifting tariff policies hit retailers, raising fears of fewer product options in stores for shoppers, data from the National Retail Federation showed on Friday.WHY IT'S IMPORTANTThe data comes as...Reuters
Fri, Aug 8
LBMA to seek clarification on recent US customs ruling
Aug 8 (Reuters) - The London Bullion Market Association (LBMA) on Friday said it will seek clarification on a recent U.S. customs ruling that the HS customs code of 7108.13.5500 should be used for deliveries of gold kilo bullion bar and 100 ounce bullion bar to the United States.The LBMA said the de...Reuters
Fri, Aug 8
US drillers cut oil and gas rigs for third week in a row, Baker Hughes says
Total rig count down one to 539Oil rigs up one to 411, gas off one to 123, misc down one to fiveRig count falls in Texas, Permian, and Eagle Ford regionsBy Scott DiSavino Aug 8 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, ...Reuters
Fri, Aug 8
Euronext wheat eases as focus shifts to USDA data
PARIS, Aug 8 (Reuters) - Euronext wheat ended lower on Friday as a rebound in Chicago faded and participants turned their attention to U.S. government crop forecasts early next week.September wheat BL2U5 on Euronext settled 0.4% lower at 196.50 euros ($229.20) a metric ton, while December BL2Z5 ende...Reuters
Fri, Aug 8
US drillers cut oil and gas rigs for third week in a row, Baker Hughes says
By Scott DiSavino Aug 8 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, fel...Reuters
Fri, Aug 8
Europe Gasoline/Naphtha-Gasoline profit margins edge lower
LONDON, Aug 8 (Reuters) - Northwest European gasoline profit margins fell by 62 cents to $15.86 a barrel on Friday.A total of 4,000 metric tons of Eurobob E5 barges traded with Glencore and BP selling to Varo and Aramco.An additional 2,000 tons of Eurobob E10 gasoline traded, with Sahara Energy sell...Reuters
Fri, Aug 8
