News
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Russia, China, Iran ships practice artillery fire in Gulf of Oman, Russian agencies say
March 12 (Reuters) - Russia, Iran and China warships practiced artillery fire and other tasks in the Gulf of Oman as part of annual joint naval exercises, Russian agencies reported on Wednesday."Over the course of two days, the ships' crews conducted daytime and nighttime fire from large-cal...Reuters
Wed, Mar 12
Soybeans face headwinds from large Brazilian supply, wheat rises
SINGAPORE, March 12 (Reuters) - Chicago soybean futures were largely unchanged on Wednesday, holding near last session's one-week low, with abundant South American supplies and uncertainty over the impact of a trade war on U.S. agricultural sales keeping a lid on the market.Reuters
Wed, Mar 12
PRECIOUS-Gold eases on potential Ukraine-Russia ceasefire, inflation data eyed
March 12 (Reuters) - Gold eased on Wednesday on a possible ceasefire deal in Ukraine, while investors braced for a key U.S. inflation data later in the day to gauge the Federal Reserve's interest rate path amid trade tensions and economic slowdown fears.FUNDAMENTALS* Spot gold XAU= was down 0.1%...
Reuters
Wed, Mar 12
Canadian energy minister says Ottawa will respond to any US tariffs
By Kanishka Singh WASHINGTON, March 11 (Reuters) - Canadian Energy Minister Jonathan Wilkinson told CNN on Tuesday his country will respond shortly to any tariffs from the U.S. while also adding Canada was not looking to escalate or provoke trade tensions between the two countries.The energy mini...Reuters
Wed, Mar 12
USDA suspends Maine university funding after Trump row over transgender athletes
By Joseph AxMarch 11 (Reuters) - The U.S. Department of Agriculture has suspended funding for research and programs at the University of Maine, the school said on Tuesday, after President Donald Trump clashed with Governor Janet Mills over the state's refusal to ban transgender athletes from gir...Reuters
Wed, Mar 12
CERAWEEK-Virginia governor say US must develop fusion or fall behind China on energy
NEW YORK, March 11 (Reuters) - The United States must expedite its development of fusion energy or risk falling behind China on energy dominance, said Virginia Governor Glenn Youngkin at the CERAWeek energy conference in Houston on Tuesday. Virginia is home to the world's biggest hub of energy-h...Reuters
Wed, Mar 12
Yemen's Houthis to resume attacks on Israeli ships after Gaza aid deadline ended
CAIRO/DUBAI, March 12 (Reuters) - Yemen's Houthis said on Tuesday they would resume attacks on Israeli ships passing through the Red and Arabian seas, the Bab al-Mandab Strait and the Gulf of Aden, ending a period of relative calm starting in January with the Gaza ceasefire. The Houthis had laun...Reuters
Wed, Mar 12
CERAWEEK-Virginia governor say US must develop fusion or fall behind China on energy
NEW YORK, March 11 (Reuters) - The United States must expedite its development of fusion energy or risk falling behind China on energy dominance, said Virginia Governor Glenn Youngkin at the CERAWeek energy conference in Houston on Tuesday. Virginia is home to the world's biggest hub of energy-h...Reuters
Wed, Mar 12
Oil prices rise on weak dollar, but concerns over tariff impact cap gains
By Nicole Jao March 12 (Reuters) - Oil prices edged up early on Wednesday, helped by a weaker dollar, but mounting fears of a U.S. economic slowdown and the impact of tariffs on global economic growth capped gains.Brent LCOc1 futures rose 27 cents, or 0.39%, to $69.83 a barrel at 0110 GMT, while ...Reuters
Wed, Mar 12
Canadian energy minister says Ottawa will respond to any US tariffs
WASHINGTON, March 11 (Reuters) - Canadian Energy Minister Jonathan Wilkinson told CNN on Tuesday his country will respond to any tariffs from the U.S. while also adding Canada was not looking to escalate or provoke trade tensions between the two countries.The energy minister said Canada was not inte...Reuters
Wed, Mar 12
Australia rules out reciprocal move on US after Trump proceeds with steel tariffs
Trump's decision 'entirely unjustified', Australia PM saysAlbanese seeks phone call with Trump, rules out US tripTariffs to impact metal producers, indirectly hit minersBy Renju Jose SYDNEY, March 12 (Reuters) - Australia will not impose reciprocal tariffs on the United States, Prime ...Reuters
Wed, Mar 12
GRAINS-Soybeans rebound, South American supplies limit upside
SINGAPORE, March 12 (Reuters) - Chicago soybean futures rose on Wednesday for the first time in four sessions, with bargain-buying supporting prices, although gains were curbed by abundant South American supplies and uncertainty over impact of trade war on U.S. sales.Wheat and corn prices rose, rega...Reuters
Wed, Mar 12
US-Canada trade war heats up as Trump doubles metals tariffs, then backs off
WASHINGTON/OTTAWA, March 11 (Reuters) - President Donald Trump reversed course on Tuesday afternoon on a pledge to double tariffs on steel and aluminum from Canada to 50%, just hours after announcing the higher tariffs, in rapid-fire moves that scrambled financial markets. The switch came after a CaReuters
Wed, Mar 12
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, March 12 (Reuters) - Contract Target Support/Resistance Brent oil -res $70.61/$71.31/$71.88sup $69.48/$68.78Palm oil (3rd month)4,420/4,354 ringgitres 4,525/4,572 ringgitWTI* -res $67.61/$68.30sup $66.01/$65.30Spot gold$2,927/$2,939/$2,956sup $2,9...Reuters
Wed, Mar 12
CIF/FOB Gulf Grain-Corn, soy export premiums inch higher
CHICAGO, March 11 (Reuters) - Export premiums for corn and soybeans shipped from the U.S. Gulf Coast firmed a bit on Tuesday, reflecting brisk demand for tighter supplies following a slowdown in farmer grain sales in recent weeks, traders said.* U.S. farmer offerings of corn and soybeans into market...Reuters
Tue, Mar 11
CERAWEEK -Billionaire Agarwal may invest in US oil service firms to expand Cairn output
By Ron Bousso HOUSTON, March 11 (Reuters) - India's largest privately owned oil and gas company Cairn India said it may invest in U.S. service and engineering companies as part of a $5 billion plan to grow output five-fold in the coming years, its chairman said on Tuesday. "I want to spen...Reuters
Tue, Mar 11
CERAWEEK-Canada could restrict its oil exports to US if Trump trade war escalates
Canada may impose non-tariff measures on oil exports to U.S.Canada considers tariffs on US ethanol amid trade tensionsCanadian Energy Minister says everything is on the tableBy Jarrett Renshaw and Arathy Somasekhar HOUSTON, March 11 (Reuters) - Canada could impose non-tariff measures such as rest...Reuters
Tue, Mar 11
COLUMN-World soybean stockpiles might be smaller than they seem: Braun
By Karen Braun NAPERVILLE, Illinois, March 11 (Reuters) - Every oilseed trader is familiar with the present narrative: the world is awash with soybeans.It's true, global soybean stocks are set to hit record highs later this year. The situation is not exactly tight. But supplies are now expect...Reuters
Tue, Mar 11
