News
Important Only
PRECIOUS- Gold set for first weekly drop in nine; focus on US inflation data
Feb 28(Reuters) - Gold edged higher on Friday but was set to snap an eight-week winning streak on a stronger dollar, while investors turned their focus to a key U.S. inflation data for cues into the Federal Reserve's monetary policy trajectory.FUNDAMENTALS* Spot gold XAU= was up 0.1% at $2,879.0...Reuters
Fri, Feb 28
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Feb 28 (Reuters) - Contract Target Support/Resistance Brent oil $73.36/$72.91/$72.19res $74.08/$74.76/$75.25Palm oil (3rd month)4,476/4,453 ringgitres 4,542/4,583/4,608 ringgitWTI* $69.59/$68.94res $70.76/$71.32Spot gold$2,867/$2,847res $2,887/$2...Reuters
Fri, Feb 28
California wildfire fund may shield Edison balance sheet from fire claims, company says
Adds more about fire investigation in last three paragraphs Feb 27 (Reuters) - California's $21 billion wildfire fund may shield Edison International's EIX.N balance sheet if equipment owned by the company's electric utility is found to have caused a deadly Los Angeles fire last month...Reuters
Thu, Feb 27
CIF/FOB Gulf Grain-Soybean barge bids steady to higher, corn bids mixed
CHICAGO, Feb 27 (Reuters) - Spot basis bids for soybeans delivered by barge to the U.S. Gulf Coast were steady to higher on Thursday, while corn bids were mixed, traders said.* Chicago Board of Trade corn Cv1 futures were down sharply on Thursday as market players digested numbers from the U.S. Depa...Reuters
Thu, Feb 27
RPT-ANALYSIS-Trump's steel tariffs imperil China's steel transshipment trade
This story was first published Thursday afternoon.China's steel exports under heightened pressure Trump tariffs threaten transshipment estimated at $7 blnNew U.S. tariffs bring wave of global steel trade barriersPressure on exporters could ramp up competition in other marketsBy Amy Lv, Phuong Ng...Reuters
Thu, Feb 27
LIVESTOCK-CME cattle futures rise in technical reversal
By Renee Hickman CHICAGO, Feb 27 (Reuters) - Chicago Mercantile Exchange live cattle futures rallied on Thursday on technical buying, after easing the previous day on fears over slowing consumer meat demand and concerns over the risk for new U.S. tariffs, analysts said. CME April live cattle futu...Reuters
Thu, Feb 27
CORRECTED-CBOT corn edges down on USDA numbers, tariff fears
Corrects first bullet to show May corn hit lowest level since January 13, not February 3 CHICAGO, Feb 27 (Reuters) - Chicago Board of Trade corn futures fell on Thursday as the U.S. Department of Agriculture's annual Outlook Forum projected a shift toward corn planting, and traders feared the...Reuters
Thu, Feb 27
California wildfire fund may shield Edison balance sheet from fire risk, company says
Feb 27 (Reuters) - California's wildfire fund may shield Edison International's balance sheet if equipment owned by the power company's southern California electric utility is found to have caused a deadly Los Angeles fire last month, executives with the company said on Thursday.Southern...Reuters
Thu, Feb 27
BRIEF-Ancora Urges US Steel's Board Of Directors To Delay 2025 Annual Meeting Of Stockholders
Feb 27 (Reuters) - United States Steel Corp X.N:ANCORA URGES U.S. STEEL’S BOARD OF DIRECTORS TO DELAY THE 2025 ANNUAL MEETING OF STOCKHOLDERSANCORA HOLDINGS: ASSERTS U.S. STEEL'S SHAREHOLDERS NEED CLARITY ON LONGSHOT LITIGATION OVER BLOCKED SALE TO NIPPON BEFORE VOTING ON FUTURE LEADERSHIPSource...Reuters
Thu, Feb 27
Alberta projects C$5.2-billion budget deficit if Trump tariffs proceed
By Amanda StephensonCALGARY, Feb 27 (Reuters) - Canada's oil-producing province of Alberta on Thursday forecast a budget deficit of C$5.2 billion ($3.5 billion) for the 2025/26 fiscal year if U.S. tariffs are implemented and decrease government revenues and slow economic growth.The outlook refle...Reuters
Thu, Feb 27
Rio Tinto-buyout target Arcadium Lithium posts loss on falling lithium prices
Feb 27 (Reuters) - Arcadium Lithium ALTM.N posted a loss in the fourth quarter on Thursday, as low prices of lithium, used to power electric vehicle batteries, weighed on the company.Lithium prices have plunged more than 80% from its peak in November 2022 after a supply glut and softening of aggress...Reuters
Thu, Feb 27
BRIEF-Imperial Reports Restarting Equipment Following Maintenance At Sarnia, Canada Site
Feb 27 (Reuters) - Imperial Oil Ltd IMO.TO:REPORTS RESTARTING EQUIPMENT FOLLOWING MAINTENANCE AT SARNIA, CANADA SITESOURCE: COMMUNITY ALERTIMPERIAL OPERATES A 120,000-BARREL-PER-DAY REFINERY IN SARNIA, ONTARIOReuters
Thu, Feb 27
GRAINS-CBOT corn falls on US planting data, tariff confusion
Updates with settlement prices, updates paragraph 2By Renee Hickman CHICAGO, Feb 27 (Reuters) - Chicago corn was down sharply on Thursday as market players digested numbers from the U.S. Department of Agriculture's Outlook Forum as well as expectations of new U.S. tariffs on imports from Mexi...Reuters
Thu, Feb 27
US Cash Crude-Mars hits 2-week high as refiners scramble for heavy crude alternatives
Feb 27 (Reuters) - U.S. cash crude prices were mixed on Thursday, dealers said, with the Mars Sour grade reaching a two-week high on supply concerns after U.S. President Donald Trump axed Chevron's Venezuela crude license. Wednesday's cancellation of Chevron's license to operate in s...Reuters
Thu, Feb 27
Mosaic misses fourth-quarter profit estimates on lower sales, prices
Adds background and details in paragraph 4-7 Feb 27 (Reuters) - Fertilizer producer Mosaic MOS.N missed Wall Street expectations for fourth-quarter profit on Thursday, hurt by lower potash prices and sales.Crop prices, including those of soybean, wheat and corn, have been falling over recent quar...Reuters
Thu, Feb 27
BRIEF-Phillips 66 Borger, Texas Refinery Reports Emissions
Feb 27 (Reuters) - Phillips 66 PSX.N:REPORTS EMISSIONS FROM 40 FCCU 40P1, CAT FLARE 66FL3, GOHDS FLARE 66FL12, U34 SRU 34I1, U43 SRU 43I1, WEST FLARE 66FL2 AT JV BORGER, TEXAS REFINERYREPORTS EMISSIONS FROM THE REFINERY FLARES AND SULFUR RECOVERY PLANTS EXCEEDED 500 LBS AT JV BORGER, TEXAS REFINERYR...Reuters
Thu, Feb 27
Panama concerned about economic toll of Cobre Panama mine closure
By Elida Moreno and Divya Rajagopal PANAMA CITY, Feb 27 (Reuters) - Panama's President Jose Mulino said on Thursday the Central American nation's economy was reeling from the closure of Canadian miner First Quantum's FM.TO Cobre Panama mine, once the world's biggest copper mine.&#...Reuters
Thu, Feb 27
EOG Resources beats fourth-quarter profit estimates
Feb 27 (Reuters) - EOG Resources EOG.N beat fourth-quarter profit estimates on Thursday, as higher production at the oil and gas firm helped offset lower oil prices.The company reported an adjusted profit of $2.74 per share for the quarter ended December 31, compared with the analysts' average e...Reuters
Thu, Feb 27
ICE canola futures fall on renewed tariff threats
All figures in Canadian dollars unless notedWINNIPEG, Manitoba - Feb 27 (Reuters) - ICE canola futures fell Thursday on renewed threats from the U.S. Trump administration that Canadian products would soon be hit by tariffs.• May canola RSK5 settled down $6.30 at $658.10 per metric ton.• Traders said...Reuters
Thu, Feb 27
Mosaic misses fourth-quarter profit estimates
Feb 27 (Reuters) - Fertilizer producer Mosaic MOS.N missed Wall Street expectations for fourth-quarter profit on Thursday, hurt by lower potash prices and salesThe Tampa, Florida-based company reported adjusted earnings of 45 cents per share for the quarter ended December 31, compared with analysts&...Reuters
Thu, Feb 27
