News
Important Only
Aramco CEO says OPEC+ supply decision will positively impact company
DUBAI, March 4 (Reuters) - Saudi Arabia's state oil giant Aramco will benefit from Monday's decision by OPEC+ to proceed with a planned April oil output hike, it's chief executive said on Tuesday. The market is cyclical and the upside is with Saudi Aramco as it is sitting on 3 million ba...Reuters
Tue, Mar 4
Japan offers to buy 94,282 tons of food wheat via tender
TOKYO, March 4 (Reuters) - Japan's Ministry of Agriculture, Forestry and Fisheries (MAFF) is seeking to buy a total of 94,282 metric tons of food-quality wheat from the U.S, Canada and Australia in a regular tender that will close late on Thursday.Japan, the world's sixth-biggest wheat impor...Reuters
Tue, Mar 4
RUBBER-Japan futures ease as fresh Trump tariffs spark trade war concerns
SINGAPORE, March 4 (Reuters) - Japanese rubber futures inched lower on Tuesday as fresh U.S. tariffs on Canada, Mexico and top rubber consumer China came into effect, although a tightening supply outlook capped the losses.The Osaka Exchange (OSE) rubber contract for August delivery JRUc6, 0#2JRU: ...Reuters
Tue, Mar 4
METALS-LME copper eases as US tariffs overshadow China stimulus hopes
By Anushree Mukherjee March 4 (Reuters) - London copper prices eased on Tuesday amid fears of escalating trade tensions as U.S. President Donald Trump slapped tariffs on Canada, Mexico and China, while hopes of stimulus in China helped curb the losses.Three-month copper on the London Metal Exchan...Reuters
Tue, Mar 4
China says will play along to the end if U.S. insists on tariff war
BEIJING, March 4 (Reuters) - China will play along to the end if the United States was bent on waging a trade or tariff war, the Chinese foreign ministry said on Tuesday. China on Tuesday swiftly retaliated against fresh U.S. tariffs, announcing 10%-15% hikes to import levies covering a range of Ame...Reuters
Tue, Mar 4
Iron ore extends losing streak on Sino-US trade tensions
By Michele Pek SINGAPORE, March 4 (Reuters) - Dalian iron ore futures slid for a seventh consecutive session on Tuesday as fresh U.S. tariffs on top consumer China kicked in, heightening trade tensions. The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 c...Reuters
Tue, Mar 4
INSTANT VIEW 8-China to impose extra tariffs of 10%-15% on various US farm products
March 4 (Reuters) - China on Tuesday swiftly retaliated against fresh U.S. tariffs, announcing 10%-15% hikes to import levies covering a range of American agricultural and food products, and placing 25 U.S. firms under export and investment restrictions.COMMENTS:OLE HANSEN, HEAD OF COMMODITY STRATEG...Reuters
Tue, Mar 4
Lloyd's space weather scenario sees $2.4 trillion economic impact
By Rebecca DelaneyMarch 4 - (The Insurer) - Lloyd's latest systemic risk scenario has found that the global economy could be exposed to potential losses of $2.4 trillion over a five-year period from the threat of hypothetical extreme space weather.Economic losses range from $1.2 trillion in the ...Reuters
Tue, Mar 4
UK equipment rental firm Ashtead misses third-quarter profit view
March 4 (Reuters) - Ashtead AHT.L missed third-quarter pretax profit and revenue expectations on Tuesday, pressured by weakness in the U.S. construction sector, although the British equipment rental firm maintained its full-year outlook.Reuters
Tue, Mar 4
TIMELINE-How China reduced its reliance on US farm imports and sharpened its trade war toolkit
By Mei Mei Chu March 4 (Reuters) - Since the U.S. and China imposed tit-for-tat tariffs during a trade war during Donald Trump's first presidential term, Beijing has taken steps to reduce its reliance on American farm goods in a wider effort to bolster its food security.That means China can w...Reuters
Tue, Mar 4
Copper Tariffs May Reach 25%, JPMorgan Cautions
TradingKey - Last week, president Donald Trump signed an executive order on Tuesday instructing the Department of Commerce to investigate whether tariffs should be imposed on copper and its derivative products—key industrial materials—in order to protect national security.TradingKey
Tue, Mar 4
GRAINS-Soybeans, corn at 2-month low as China imposes tariffs on U.S. farm goods
Soybean, corn futures hit lowest since early JanChina to impose extra tariffs on U.S. agricultural products Wheat prices supported by dry weather forecast for IndiaBy Naveen Thukral SINGAPORE, March 4 (Reuters) - Chicago soybeans and corn lost more ground on Tuesday, with both markets dropping to...Reuters
Tue, Mar 4
TECHNICALS-CBOT soybeans may retest support at $10.03-1/4
For more technical analyses, please click SINGAPORE, March 4 (Reuters) - The CBOT soybean May contract SK25 may retest support at $10.03-1/4 per bushel, a break below which could open the way toward $9.89-3/4 to $9.95-3/4 range.The contract is riding on a wave C, which has travelled far below its 10...Reuters
Tue, Mar 4
Trump's China tariffs trigger retaliation against U.S. farm products
BEIJING, March 4 (Reuters) - China has decreased its reliance on imports of U.S. farm goods since the trade war during President Donald Trump's first term, a trend that is poised to continue after Beijing on Tuesday announced tariffs on a range of agricultural products in response to fresh U.S. tari
Reuters
Tue, Mar 4
EXCLUSIVE-Russian missile experts flew to Iran amid clashes with Israel
Russians all have senior military backgrounds, records showInclude specialists in air defence, rocketry, artilleryFlights came amid Iran's tit-for-tat conflict with IsraelBy James Pearson, Polina Nikolskaya, Anton Zverev and Parisa HafeziLONDON, March 4 (Reuters) - Several senior Russian missile...Reuters
Tue, Mar 4
INSIGHT-How a key ingredient in Coca-Cola, M&M's is smuggled from war-torn Sudan
Sudanese gum arabic, used in consumer goods, is being trafficked to other African countriesRSF controls Sudan's main gum-harvesting regions, complicating supply chainsTraders offer cheap gum without conflict-free certificationRSF-affiliated gum appears in informal markets, smuggled to neighbours...Reuters
Tue, Mar 4
COLUMN-Low wind speeds may limit Texas' power system maintenance window: Maguire
By Gavin MaguireLITTLETON, Colorado, March 4 (Reuters) - An enduring spell of low wind speeds across Texas has forced the state's power firms to increase generation from fossil fuels to record highs so far in 2025, potentially leading power firms to shorten or delay planned maintenance breaks th...Reuters
Tue, Mar 4
Oil prices slide on Ukraine aid pause, tariffs and OPEC+ output increase
BEIJING, March 4 (Reuters) - Oil prices continued to fall in on Tuesday after U.S. President Donald Trump paused military aid to Ukraine and as markets braced for U.S. tariffs on Canada, Mexico and China to take effect.Reuters
Tue, Mar 4
REFILE-Goldman sees downside risk to their $78/$73 per bbl avg Brent forecasts for 2025/2026
March 4 (Reuters) - Goldman Sachs sees two sources of downside risk to their $78/$73 a barrel average Brent forecasts for 2025/2026 (and $74/$68 for WTI) and their $70-85 Brent range, the bank said in a note on Monday.The bank cited higher than expected supply as the first source, and downside risk ...Reuters
Tue, Mar 4
