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EXCLUSIVE-'I won't humiliate myself': Brazil's president sees no point in tariff talks with Trump
50% US tariff on Brazilian goods taking effect on WednesdayLula tells Reuters no reciprocal tariffs pending from BrazilCalls with BRICS leaders may lead to joint action on US tariffsBolsonaro should face new trial for courting tariffs, Lula saysLula opens door to Trump meeting at U.N. General Assemb...Reuters
Wed, Aug 6
Corteva raises full-year profit forecast
Aug 6 (Reuters) - U.S. agrichemicals company Corteva CTVA.N raised its annual adjusted profit forecast on Wednesday, following strong performance in the first half of the year.The company raised its forecast for full-year adjusted earnings to be between $3.00 to $3.20 per share, from a prior view of...Reuters
Wed, Aug 6
Permian Resources Q2 crude oil production rises 1%, raises guidance
OverviewPermian Resources Q2 crude oil production rises 1% qtr/qtrAdjusted free cash flow for Q2 at $312 mlnCompany raises full-year production guidanceReceives Fitch investment grade rating OutlookPermian Resources raises 2025 oil production target to 178.5 MBbls/dCompany increases full-year produc...Reuters
Wed, Aug 6
Oil producer APA's quarterly profit beats estimates on natgas higher output
Aug 6 (Reuters) - APA Corp APA.O beat Wall Street profit estimates on Wednesday, as higher natural gas output helped the U.S. producer cushion the hit from a decline in crude prices.The Houston, Texas-based company posted adjusted profit of 87 cents per share for the three months ended June 30, comp...Reuters
Wed, Aug 6
Occidental Petroleum beats second-quarter profit estimates
Aug 6 (Reuters) - Occidental Petroleum OXY.N beat Wall Street estimates for second-quarter profit on Wednesday, as higher production countered lower crude oil prices.The company reported an adjusted profit of 39 cents per share for the quarter ended June 30, compared with analysts' average estim...Reuters
Wed, Aug 6
SOFTS-Arabica coffee prices ease, focus on Brazil tariffs
NEW YORK, Aug 6 (Reuters) - Arabica coffee futures on ICE fell on Wednesday as traders assessed the potential fallout from a newly-imposed 50% U.S. tariff on imports from Brazil.The United States, the world's largest coffee importer, has imposed a tariff on imports from the world's top coffe...Reuters
Wed, Aug 6
US Plains HRW Wheat-Basis steady to up as futures recover
CHICAGO, Aug 6 (Reuters) - Spot basis bids for hard red winter wheat were steady to higher in a spot check of locations in the southern U.S. Plains on Wednesday as futures edged up. Farmer selling picked up in some locations with futures recovering from three sessions of falls, according to dealers....Reuters
Wed, Aug 6
CBOT wheat plunges to five-year low on supply pressure
CHICAGO, Aug 6 (Reuters) - U.S. wheat futures slipped to a new five-year low on Wednesday, as a large global supply of the grain hung over markets. Massive global supplies of wheat from recent harvests in the United States and Black Sea have flooded the market, while strong export competition and a ...Reuters
Wed, Aug 6
GRAINS-Wheat hits 5-year low, corn at contract lows as supply pressure builds
Wheat, corn sink to lows on ample global supplySoybeans weaken on falling soymeal futuresBy Heather Schlitz CHICAGO, Aug 6 (Reuters) - Chicago wheat futures slipped to a five-year low on Wednesday, while corn set contract lows for the third session in a row as ample global supply hung over grain ...Reuters
Wed, Aug 6
Oil prices slide to 8-week low as US-Russia talks stir sanction uncertainty
Trump cites progress in talks with PutinTrump's tariffs on India affect oil market dynamicsUS crude inventories decline more than expected, supporting pricesOPEC+ supply increase and US inventory decline sway marketBy Scott DiSavino NEW YORK, Aug 6 (Reuters) - Oil prices slid about 1% to an e...Reuters
Wed, Aug 6
CBOT soybeans tip lower on falling soymeal futures
CHICAGO, Aug 6 (Reuters) - Chicago Board of Trade soybean futures fell on Wednesday as weakening soymeal futures dragged down the whole soy complex, while lackluster demand and a large supply of soymeal hung over the market. Soymeal supplies have swelled as processors aimed to meet strong demand fo...Reuters
Wed, Aug 6
CBOT corn sinks to contract lows on high yield expectations
CHICAGO, Aug 6 (Reuters) - Chicago Board of Trade corn futures sank to contract lows for the third session in a row on Wednesday as ample global supply hung over grains markets.Private estimates for massive U.S. corn yields and trade expectations that the U.S. Department of Agriculture will revise i...Reuters
Wed, Aug 6
ICE canola futures fail to rally after recent declines
WINNIPEG, Manitoba, Aug 6 (Reuters) - ICE canola futures tried to rally on Wednesday but failed to hold onto gains and closed the session with a slight loss, with tepid vegoils markets and rain in Canada providing little support.• November canola RSX5 settled down $2.50 at $669.70 per metric ton. Ja...Reuters
Wed, Aug 6
FACTBOX-Trump's tariffs: What's in effect and what could be in store?
WASHINGTON, Aug 6 (Reuters) - U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries. Trump has set a baseline tariff of 10% on all imports to the United States, as well as additional duties on certain products or countries....Reuters
Wed, Aug 6
Med crude-Urals diffs steady, oil loadings from Russia's western ports may rise in Aug
MOSCOW, Aug 6 (Reuters) - Urals crude differentials to dated Brent held steady on Wednesday, while oil loadings from Russia's western ports this month may rise after two refineries cut runs following Ukrainian drone attacks.Russia plans to boost oil loadings from Primorsk, Ust-Luga and Novorossi...Reuters
Wed, Aug 6
US natural gas futures climb 2% on near-record LNG export flows
Near-record gas flows to LNG export plantsGas stockpiles 6% above normal, likely to growLSEG projects rising gas demand in Lower 48 statesBy Scott DiSavino Aug 6 (Reuters) - U.S. natural gas futures climbed about 2% on Wednesday on near-record gas flows to liquefied natural gas export plants and ...Reuters
Wed, Aug 6
EXCLUSIVE-Lula plans new 'national sovereignty' policy for strategic minerals
By Brad Haynes and Lisandra ParaguassuBRASILIA, Aug 6 (Reuters) - Brazilian President Luiz Inacio Lula da Silva told Reuters on Wednesday of his plans for a new national policy treating strategic minerals as a matter of "national sovereignty" in order to avoid exporting minerals without addi...Reuters
Wed, Aug 6
US refiners expected to run over 90% in Q3
By Erwin SebaHOUSTON, Aug 6 (Reuters) - U.S. refiners are expected to continue operating above 90% of their combined production capacity of 18.2 million barrels per day (bpd) in the third quarter, said analysts contacted by Reuters.High refining margins are driving the continuing high levels of prod...Reuters
Wed, Aug 6
EXCLUSIVE-Lula plans new 'national sovereignty' policy for strategic minerals
BRASILIA, Aug 6 (Reuters) - Brazilian President Luiz Inacio Lula da Silva told Reuters on Wednesday of his plans for a new national policy treating strategic minerals as a matter of "national sovereignty" in order to avoid exporting minerals without adding value locally.Reuters
Wed, Aug 6
ANALYSIS-India-US spat over trade and oil threatens wider fallout
Trump’s threats over Russian oil could set back decades of India-U.S. diplomatic progressIndian opposition and public urge Modi to resist what they see as Trump’s bullyingAnalysts say ties are at their lowest since U.S. sanctions after India’s 1998 nuclear testsIndia expected to step up interactions...Reuters
Wed, Aug 6
