News
Important Only
EIM veteran Dominguez to retire with new hire Lam named CUO
By Chris MunroAug 20 - (The Insurer) - Energy Insurance Mutual (EIM) veteran Jill Dominguez will bring her 30-plus-year association with the organization to an end at 2025’s close, with recent recruit Laura Lam named as her successor in the chief underwriting officer role.Dominguez joined EIM in 199...Reuters
Wed, Aug 20
US natgas prices hold near nine-month low as record output offsets higher demand forecasts
Gas stockpiles at 6% above normal levels, and risingRecord output and ample storage offset demand increaseAtlantic storms unlikely to impact US gas productionBy Scott DiSavino Aug 20 (Reuters) - U.S. natural gas futures held near a nine-month low on Wednesday as forecasts for higher demand over t...Reuters
Wed, Aug 20
SOFTS-Arabica coffee hits 2-1/2 month peak, sugar also up
LONDON, Aug 20 (Reuters) - Arabica coffee futures on ICE rose on Wednesday to a 2-1/2 month peak with the market supported by speculative buying against the backdrop of low stocks and the disruption to global trade caused by the imposition of a 50% tariff on U.S. imports from Brazil.COFFEE* Arabica ...Reuters
Wed, Aug 20
Brazil's chicken exports may fall 2% as bird flu embargoes curb trade, lobby group says
Brazilian chicken exports may drop due to trade embargoes -ABPA Brazil egg exports to surge 117% by 2025, driven by US demandBy Ana Mano and Roberto Samora SAO PAULO, Aug 20 (Reuters) - Brazilian chicken exports are expected to fall as much as 2% to 5.2 million metric tons this year, meat lobby A...Reuters
Wed, Aug 20
Canada's Davie sees US shipyards as key to winning icebreaker contract
By Anne Kauranen HELSINKI, Aug 20 (Reuters) - The owner of Canadian firm Davie Shipbuilding said on Wednesday that the key to winning a contract to build icebreakers for the United States is to develop local shipbuilding capacity there. Davie said in June it was acquiring Texas shipyards in Galve...Reuters
Wed, Aug 20
PRECIOUS-Gold gains on softer dollar ahead of Fed minutes, Jackson Hole summit
Minutes of the Fed's July policy meeting due later in dayMarkets focused on Fed's Jackson Hole symposium for policy hintsZelenskiy says summit with Trump is a step towards peaceBy Ishaan Arora Aug 20 (Reuters) - Gold rose on Wednesday, buoyed by a softer U.S. dollar, as investors looked t...Reuters
Wed, Aug 20
CBOT Trends-Wheat up 1-4 cents, soy steady-down 2 cents, corn mixed
CHICAGO, Aug 20 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday. WHEAT - Up 1 to 4 cents per bushelWheat futures Wv1 higher on short covering and bargain buying after all co...Reuters
Wed, Aug 20
Brazil chicken export forecast revised lower after bird flu outbreak, ABPA says
SAO PAULO, Aug 20 (Reuters) - Chicken exports from Brazil, the world's largest supplier, are expected to fall by as much as 2% in 2025 to 5.2 million metric tons, meat lobby ABPA said on Wednesday, citing the effects of trade embargos by large importers including China following a local outbreak...Reuters
Wed, Aug 20
WTI Crude Oil range-bound as peace talks ease risks but supply concerns linger
West Texas Intermediate (WTI) Crude Oil is trading with a slightly firmer tone on Tuesday, trading near $62.40 per barrel, as traders reacted to signs of progress in peace talks between Russia and Ukraine.
Fxstreet
Wed, Aug 20
Hurricane Erin prompts storm surge warning for North Carolina's Outer Banks
By Scott VincentAug 20 - (The Insurer) - Storm surge flooding and tropical storm conditions are expected along North Carolina’s Outer Banks later on Wednesday as Hurricane Erin continues to track northward, the National Hurricane Center said.In its 5 a.m. EDT (0900 GMT) update, the NHC warned that s...Reuters
Wed, Aug 20
Freeport LNG in Texas recovers from second brief reduction this week, LSEG data shows
Aug 20 (Reuters) - U.S. liquefied natural gas company Freeport LNG's export plant in Texas was on track to take in more natural gas on Wednesday, LSEG data showed, a sign that a second short-term outage this week at one of its liquefaction trains has likely ended.Freeport is one of the world'...Reuters
Wed, Aug 20
GRAINS-Soybeans and corn ease with crop tour in focus
PARIS/BEIJING, Aug 20 (Reuters) - Chicago soybean and corn futures fell further on Wednesday as traders monitored results from a U.S. Midwest field tour that has initially confirmed strong yield prospects.Wheat edged up, halting a two-session decline as traders took a more cautious view on diplomat...Reuters
Wed, Aug 20
Danish trader InCommodities appoints Gunvor's Brockmeyer to head up U.S. expansion
By Nora BuliOSLO, Aug 20 (Reuters) - Danish energy trader InCommodites, backed by Goldman Sachs GS.N, has appointed former Gunvor executive Rich Brockmeyer as its new CEO for North America as it plans to accelerate its push into the U.S. power and gas market, the group said on Wednesday.Brockmeyer m...Reuters
Wed, Aug 20
Freeport LNG in Texas recovers from second brief reduction this week, LSEG data shows
Aug 20 (Reuters) - U.S. liquefied natural gas company Freeport LNG's export plant in Texas was on track to take in more natural gas on Wednesday, LSEG data showed, a sign that a second short-term outage this week at one of its liquefaction trains has ended.Reuters
Wed, Aug 20
China launches WTO dispute with Canada on steel and aluminium surtaxes
BERLIN, Aug 20 (Reuters) - China has requested dispute consultations at the World Trade Organization regarding Canadian surtaxes and quotas on steel and aluminium goods, the WTO said on Wednesday.The disputed measures include a surtax in the form of tariff rate quotas on certain steel imports origin...Reuters
Wed, Aug 20
Iran says moment for 'effective' nuclear talks with US has not been reached yet
DUBAI, Aug 20 (Reuters) - Iran and the United States have not reached the point where "effective" nuclear talks can take place, Iran's top diplomat said in remarks carried by state media on Wednesday."Negotiations with the U.S. must be held at their own time. Every negotiation has a ...Reuters
Wed, Aug 20
PRESS DIGEST-Canada - August 20
Aug 20 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL- Trez Capital Mortgage Investment is halting redemptions from five of its funds, marking the latest example of an al...Reuters
Wed, Aug 20
Middle East Crude-Benchmarks hit near two-week high
SINGAPORE, Aug 20 (Reuters) - Middle East crude benchmark spot premiums of Oman, Dubai and Murban extended gains on Wednesday to their highest in nearly two weeks.Traders attributed the strength to closing arbitrage of U.S. crude to Asia and firm buying of some of the grades. India's resumed buy...Reuters
Wed, Aug 20
