News
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Brazil, Japan beef talks focus on smaller Brazilian states, upsetting industry
Companies in large Brazilian exporting states may not get permits initiallyTalks to sell beef to Japan gained momentum after a March state visitAustralia and US are Japan's main suppliersBy Ana Mano and Marcela AyresSAO PAULO, Aug 5 (Reuters) - Ongoing talks to open the Japanese market to Brazil...Reuters
Tue, Aug 5
Trump says decision on Russian oil sanctions will come after meeting on Wednesday
WASHINGTON, Aug 5 (Reuters) - U.S. President Donald Trump said on Tuesday he will make a decision on whether to sanction countries who purchase Russian oil after a meeting with Russian officials scheduled for Wednesday.Reuters
Tue, Aug 5
US Plains HRW Wheat-Basis flat as futures sag
CHICAGO, Aug 5 (Reuters) - Spot basis bids for hard red winter wheat were steady in a spot check of locations in the southern U.S. Plains on Tuesday as futures plummeted. K.C. wheat futures took a dive as winter wheat harvests continued to progress globally. The U.S. Department of Agriculture said i...Reuters
Tue, Aug 5
CIF/FOB Gulf Grain-Corn, soy basis bids steady to lower as big US harvest looms
CHICAGO, Aug 5 (Reuters) - Basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals were steady to lower on Tuesday, as cash grain prices continue to face pressure and farmer selling remains intermittent, traders said.Chicago Board of Trade corn futures continued to sink on sea...Reuters
Tue, Aug 5
Guinea revokes Emirates Global Aluminium concession, transfers assets to local firm
Guinea transfers EGA's bauxite concession to Nimba Mining SAMove escalates standoff over refinery constructionGuinea's bauxite exports surge despite regulatory changesBy Saliou Samb CONAKRY, Aug 5 (Reuters) - Guinea has revoked the bauxite concession awarded to a subsidiary of Emirates Gl...Reuters
Tue, Aug 5
US EPA could cancel $7 billion in grants for solar energy, sources say
Aug 5 (Reuters) - The Trump administration is considering whether to terminate a $7 billion grant program designed to help power low and moderate-income households with solar energy, two sources briefed on the matter said.The Environmental Protection Agency could as soon as this week terminate the g...Reuters
Tue, Aug 5
H2APEX Group Says CIP Has Acquired 70% Stake In H2APEX Hydrogen Project
Aug 5 (Reuters) - H2APEX Group SCA H2A.DE:EQS-ADHOC: H2APEX AND COPENHAGEN INFRASTRUCTURE PARTNERS ENTER INTO STRATEGIC PARTNERSHIP FOR PIONEERING HYDROGEN PROJECT IN LUBMINH2APEX GROUP SCA - CIP BUYS 70% STAKE IN H2APEX HYDROGEN PROJECTH2APEX GROUP SCA - IN LONG TERM, H2APEX PLANS TO ACHIEVE A TOTA...Reuters
Tue, Aug 5
Grocery Outlet Q2 adjusted EPS beats estimates
OverviewGrocery Outlet fiscal Q2 sales rose 4.5% but missed analyst expectations, per LSEG dataAdjusted EPS beat estimates at $0.23Adjusted EBITDA exceeded expectations, reflecting effective cost managementOutlookCompany maintains fiscal 2025 net sales guidance at $4.7 bln to $4.8 blnCompany expects...Reuters
Tue, Aug 5
Gold price eyes $3,400 as Fed cut bets grow, Trump eyes new Fed pick
Gold price advances during the North American session as speculation grows that the Federal Reserve (Fed) could begin to cut rates at the next meeting. At the same time, investors await US President Donald Trump's appointment of a new Fed Governor. The XAU/USD trades at $3,381, up 0.20%.
Fxstreet
Tue, Aug 5
Devon Energy misses second-quarter profit estimates
Aug 5 (Reuters) - Devon Energy DVN.N narrowly missed Wall Street expectations for second-quarter profit on Tuesday, as weaker commodity prices offset a rise in output.The Oklahoma City-based company posted an adjusted profit of 84 cents per share for the three months ended June 30, compared with the...Reuters
Tue, Aug 5
Rivian loss bigger than expected on higher costs, lower credit income
Aug 5 (Reuters) - Rivian Automotive RIVN.O reported a higher-than-expected quarterly loss on Tuesday as disruption in supply of rare earth metals used to make parts of its electric vehicles raised costs and income from credits sold to traditional automakers dwindled. China's curbs on the expo...Reuters
Tue, Aug 5
Crude Oil markets jitter as US-Russia sanctions debacle heats up
West Texas Intermediate (WTI) Crude Oil prices snapped back and forth during the American market session on Tuesday, before ultimately settling lower as barrel traders struggle to find reasons to remain bullish on Crude Oil demand.
Fxstreet
Tue, Aug 5
GRAINS-Wheat, corn sink to contract lows as large supply weighs
Soy chops up and down as traders weigh demandExpectations of high U.S. corn yields weigh on corn, wheat futuresBy Heather Schlitz CHICAGO, Aug 5 (Reuters) - Chicago wheat futures plunged to contract lows on Tuesday to approach their lowest point since 2020 as sinking corn futures and seasonal sup...Reuters
Tue, Aug 5
Med crude-Urals differentials unchanged, US weighs tariffs on India for Russian oil buying
MOSCOW, Aug 5 (Reuters) - Urals oil differentials to dated Brent were stable on Tuesday, while U.S. President Donald Trump said he would increase the tariff charged on imports from India for the country's purchases of Russian oil.Trump's threat to India over its purchases of Russian oil star...Reuters
Tue, Aug 5
SOFTS-Coffee gains as U.S. tensions with Brazil escalate, tariffs loom
NEW YORK, Aug 5 (Reuters) - Coffee futures on ICE rose on Tuesday as tensions between the United States and Brazil escalated, making it increasingly unlikely the U.S. will exclude coffee from its 50% tariffs on goods from Brazil, which take effect on Wednesday. Brazil's Supreme Court put fo...Reuters
Tue, Aug 5
Emirates Global Aluminum says its subsidiary will seek 'redress' after Guinea removed its concession
CAIRO, Aug 5 (Reuters) - Emirates Global Aluminium (EGA) said on Tuesday that its subsidiary will seek "redress" after Guinea revoked the bauxite concession awarded to it.The Dubai-based company denounced the move saying it undermined any credibility of Guinea's engagement with foreign i...Reuters
Tue, Aug 5
ICE canola futures fall on weak soyoil, weather
WINNIPEG, Manitoba, Aug 5 (Reuters) - ICE canola futures fell on Tuesday as losses in Chicago soyoil and moderate Canadian weather reduced anxiety about low supplies of canola.• November canola RSX5 settled down $10.30 at $672.20 per metric ton. January fell $9.60 to $684.20. • Tuesday's session...Reuters
Tue, Aug 5
Mexico reveals sweeping plan to bring down Pemex debt, boost investment and lift production
Pemex aims for financial self-sufficiency by 2027Government-backed vehicle to raise $13 billion for Pemex projects in 2025Mixed contracts to boost production by 450,000 bpdPemex plans to reduce crude oil exports by 2035Pemex's debt at $99 billion, aims to reduce to $77.3 billion by 2030By Ana Is...Reuters
Tue, Aug 5
CBOT soybeans end lower on demand concerns
CHICAGO, Aug 5 (Reuters) - Chicago Board of Trade soybean futures ended lower after chopping up and down on Tuesday, supported by larger-than-expected weekly U.S. export inspections, though a lack of Chinese demand weighed on the marketThe U.S. Department of Agriculture rated 69% of the soybean crop...Reuters
Tue, Aug 5
