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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
Gold price trades with negative bias below $2,900 amid some USD dip-buying
Gold price (XAU/USD) struggles to capitalize on the previous day's positive move closer to the $2,900 mark and attracts some sellers during the Asian session on Tuesday, stalling its recovery from a three-week trough touched last Friday.
Fxstreet
Tue, Mar 4
GRAINS-Soybeans, corn near 2-month low as Trump tariffs loom; wheat firm
Soybean, corn hit lowest since early Jan ahead of U.S. tariffsWheat prices supported by dry weather forecast in IndiaBy Naveen Thukral SINGAPORE, March 4 (Reuters) - Chicago soybeans lost more ground on Tuesday while corn ticked higher, with both markets trading near their lowest since early Janu...Reuters
Tue, Mar 4
China vows to hit back against US tariffs linked to fentanyl
BEIJING, March 4 (Reuters) - China's Commerce Ministry on Tuesday vowed to retaliate against fresh U.S. import tariffs set to take effect later in the day, reiterating its stance that the Trump administration was trying to "shift the blame" and "bully" Beijing over fentanyl flows...Reuters
Tue, Mar 4
RUBBER-Japan futures falter as Trump's tariffs counter off-season supply woes
SINGAPORE, March 4 (Reuters) - Japanese rubber futures nudged lower on Tuesday as new U.S. tariffs on Canada, Mexico and top rubber consumer China are set to go into effect within hours, outweighing a tightening supply outlook.The Osaka Exchange (OSE) rubber contract for August delivery JRUc6, 0#2...Reuters
Tue, Mar 4
LIVESTOCK-CME cattle futures fall to 2-month low amid trade tensions
By Julie Ingwersen CHICAGO, March 3 (Reuters) - Chicago Mercantile Exchange live cattle futures fell on Monday, with the benchmark April contract LCJ25 hitting a two-month low as trade tensions and a decline in Wall Street equity markets pressured values.CME April live cattle futures LCJ25 settle...Reuters
Tue, Mar 4
METALS-Shanghai copper gains on China stimulus hope
March 4 (Reuters) - Shanghai copper prices rose on Tuesday on hopes of more stimulus from China, the world's biggest metals consumer, and some improvement in the country's factory activities.The most-active copper contract on the Shanghai Futures Exchange SCFcv1 rose 0.1% to 77,090 yuan ($10...Reuters
Tue, Mar 4
Russian drone attack injures four, cuts power in Ukraine's Odesa, authorities say
Adds injuries, detail in paragraphs 1,3-6, adds TV, PIXMarch 3 (Reuters) - A Russian drone attack injured four people and damaged energy infrastructure in Ukraine's Black Sea port of Odesa on Monday, triggering power cuts in the city and knocking out heating systems, local authorities said."...Reuters
Tue, Mar 4
Canada's retaliatory tariffs on US goods to start Tuesday, PM Trudeau says
OTTAWA, March 3 (Reuters) - Canada will impose 25% tariffs on C$155 billion ($107 billion) worth of U.S. goods from Tuesday if U.S. President Donald Trump's administration follows through with its proposed tariffs on Canadian goods, Prime Minister Justin Trudeau said on Monday.Canada will slap 2...Reuters
Tue, Mar 4
GRAINS-Soybean, corn near 2-month low as Trump tariffs loom
SINGAPORE, March 4 (Reuters) - Chicago soybeans and corn lost more ground on Tuesday, with both commodities dropping to their lowest since early January ahead of U.S. tariffs on key trading partners which are likely to disrupt agricultural flows.Wheat edged higher on support from dry weather in Indi...Reuters
Tue, Mar 4
PRESS DIGEST-Financial Times - March 4
March 4 (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- US suspends military aid to Ukraine- Adnoc and OMV announce deal to combine their petrochemical assets- BYD pledges to work with rival...Reuters
Tue, Mar 4
China vows to hit back against US tariffs linked to fentanyl
Adds quotes and further context throughout BEIJING, March 4 (Reuters) - China's Commerce Ministry on Tuesday vowed to retaliate against fresh U.S. import tariffs set to take effect later in the day, reiterating its stance that the Trump administration was trying to "shift the blame" a...Reuters
Tue, Mar 4
Ecuador awards oil contract to Chinese-led group to boost 'crown jewel' project
New throughout, adds details on contract from press conference, comments from officialsBy Alexandra ValenciaQUITO, March 3 (Reuters) - Ecuador's government awarded an onshore oil contract to a consortium led by China's state-owned producer Sinopec 600028.SS on Monday, in a push to grow crude...Reuters
Tue, Mar 4
China vows countermeasures against US tariffs linked to fentanyl
BEIJING, March 4 (Reuters) - China's commerce ministry on Tuesday voiced opposition against a U.S. decision to impose tariffs on Chinese products related to fentanyl and other issues, vowing countermeasures that it said were aimed at safeguarding its rights and interests.The U.S. has "shifte...Reuters
Tue, Mar 4
PRECIOUS-Gold holds steady with all eyes on Trump's tariff plans
March 4 (Reuters) - Gold prices held steady on Tuesday as market participants fretted that U.S. President Donald Trump's tariffs on Canada and Mexico will fuel inflation and hinder economic growth.FUNDAMENTALS* Spot gold XAU= was steady at $2,892.64 an ounce, as of 0017 GMT. U.S. gold futures GC...Reuters
Tue, Mar 4
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, March 4 (Reuters) - Contract Target Support/Resistance Brent oil $70.61/$69.84res $71.88/$72.44Palm oil (3rd month)4,435/4,388 ringgitres 4,510/4,534 ringgitWTI* $67.60/$66.89res $68.75/$69.46Spot gold$2,909/$2,927sup $2,879/$2,861LME copper (3rd ...Reuters
Tue, Mar 4
Reynolds Wrap maker must face lawsuit over 'Made in USA' claim
Rewrites paragraph 1, adds accusations, Reynolds' defense, Federal Trade Commission and Trump actions, case citation, bylineBy Jonathan Stempel NEW YORK, March 3 (Reuters) - The maker of Reynolds Wrap aluminum foil must face a proposed class action claiming it misled consumers who wanted to &...Reuters
Tue, Mar 4
