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GRAINS-Ample production pushes wheat towards 5-year lows
CANBERRA, Aug 5 (Reuters) - Chicago wheat futures fell to a three-month low on Tuesday, with prices drifting towards their lowest levels since 2020 as Northern Hemisphere harvests pour supply onto the market. Soybean and corn futures also slipped amid high U.S. crop conditions ratings and plentiful ...Reuters
Tue, Aug 5
PRECIOUS-Gold rises as Fed rate cut bets pressure dollar, yields
Aug 5 (Reuters) - Gold prices rose on Tuesday, after gaining in the last three sessions, supported by a weaker U.S. dollar and lower Treasury yields following last week's weak U.S. jobs data that boosted expectations of a Federal Reserve rate cut in September.FUNDAMENTALS* Spot gold XAU= rose 0....Reuters
Tue, Aug 5
Australia to provide $87.4 million bailout for Nyrstar's metal smelters
SYDNEY, Aug 5 (Reuters) - Australia's government said on Tuesday it will provide A$135 million ($87.4 million) in financial support for Nyrstar's two smelters in Port Pirie and Hobart. ($1 = 1.5451 Australian dollars)Reuters
Tue, Aug 5
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Aug 5 (Reuters) - Contract Target Support/Resistance Brent oil $69.99sup $68.07/$67.34Palm oil (3rd month)4,273 ringgitsup 4,161/4,110 ringgitWTI* $66.83sup $66.07/$65.60Spot gold$3,364/$3,342res $3,387/$3,415LME copper (3rd month)*$9,784sup ...Reuters
Tue, Aug 5
Oil little changed after hitting one-week low, oversupply concerns linger
By Anjana Anil Aug 5 (Reuters) - Oil prices were little changed on Tuesday after three days of declines on mounting oversupply concerns after OPEC+ agreed to another large output increase in September, though the potential for more Russian supply disruptions supported the market.Brent crude futur...Reuters
Tue, Aug 5
Boeing As Early As Aug 5 Is Expected To Make Its First Maiden Flight Of 777-9 In Nearly Five Years - Air Current Editor Jon Ostrower X Post
Aug 4 (Reuters) - BOEING NEARS FIRST NEW 777-9 FLIGHT IN FIVE YEARS - AIR CURRENT EDITOR JON OSTROWER X POSTBOEING AS EARLY AS AUG. 5 IS EXPECTED TO MAKE ITS FIRST MAIDEN FLIGHT OF A 777-9 IN NEARLY FIVE YEARS - AIR CURRENT EDITOR JON OSTROWER X POSTSource text: https://tinyurl.com/jcb6zhutReuters
Mon, Aug 4
LIVESTOCK-Live cattle rise on tight supplies, strong beef demand
By Karl Plume CHICAGO, Aug 4 (Reuters) - Chicago Mercantile Exchange live cattle futures rose on Monday for the sixth time in seven sessions, holding near contract highs posted last week on tight U.S. cattle inventories and strong demand for beef, analysts said.Cattle futures drew additional supp...Reuters
Mon, Aug 4
Republican lawmakers slow Trump Treasury picks over wind, solar credits
Grassley and Curtis oppose changes to renewable energy tax credit rulesTrump directed Treasury to limit 'safe harbor' provision for projectsSenators use holds to negotiate with executive branch Aug 4 (Reuters) - Two Republican senators have put holds on three of U.S. President Donald Trum...Reuters
Mon, Aug 4
CIF/FOB Gulf Grain-Corn, soybean barge bids steady to lower
CHICAGO, Aug 4 (Reuters) - Basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals were steady to lower on Monday, traders said. Cash basis bids for soybeans were flat to lower at processors on Monday, and corn basis bids were flat to lower at river terminals and ethano...Reuters
Mon, Aug 4
ONEOK's quarterly profit climbs on acquisition gains
Aug 4 (Reuters) - U.S. pipeline operator ONEOK OKE.N reported a rise in second-quarter profit on Monday, boosted by additional contributions from acquisitions. Late last year, the company acquired a 43% controlling interest in Enlink Midstream for about $3.3 billion in cash, boosting its presence in...Reuters
Mon, Aug 4
Trump again threatens India with harsh tariffs over Russian oil purchases
Trump has not yet been able to reach trade deal with IndiaTrump recently criticized India over Russia ties and BRICSIndia says it is protecting its own interests, calls its targeting unreasonableBy Kanishka Singh and Doina Chiacu WASHINGTON, Aug 4 (Reuters) - U.S. President Donald Trump again thr...Reuters
Mon, Aug 4
Libya's NOC signs memorandum of understanding with ExxonMobil after decade of inactivity
Aug 4 (Reuters) - Libya's National Oil Corporation said on Monday it signed a memorandum of understanding with U.S. oil giant ExxonMobil XOM.N after a decade of activity halt in the North African country due to security reasons. NOC in a statement said the MoU focuses on conducting detailed geol...Reuters
Mon, Aug 4
US farm agency allows six more states to bar some items from food aid
By Leah Douglas and Christy Santhosh WASHINGTON, Aug 4 - The U.S. Department of Agriculture on Monday allowed six additional states to bar participants in the Supplemental Nutrition Assistance Program from using their benefits to buy certain processed foods, such as sodas and candy. The SNAP waiv...Reuters
Mon, Aug 4
Pipeline operator Williams profit rises on pipeline expansion, stronger gas fees
Aug 4 (Reuters) - U.S. pipeline operator Williams Companies WMB.N reported a rise in second-quarter profit on Monday, as it benefited from higher service revenues and expansion-related gains amid a rebound in natural gas prices.U.S. natural gas prices NGc1 have rebounded from the multi-year lows, s...Reuters
Mon, Aug 4
US Plains HRW Wheat-Basis steady as futures tick down
CHICAGO, Aug 4 (Reuters) - Spot basis bids for hard red winter wheat were steady in a spot check of locations in the southern U.S. Plains on Monday as futures weakened. K.C. wheat futures fell as winter wheat harvests advanced around the world. The U.S. Department of Agriculture said in a weekly cr...Reuters
Mon, Aug 4
Trump to sign order creating Olympics task force ahead of 2028 games
WASHINGTON, Aug 4 (Reuters) - U.S. President Donald Trump will sign an executive order on Tuesday creating a White House Olympics task force to handle security and other issues related to the 2028 summer Olympic games, an administration official told Reuters.The task force, made up of members from T...Reuters
Mon, Aug 4
US Cash Crude-Grades fall as OPEC+ opts to releases more barrels in September
Aug 4 (Reuters) - Grades broadly fell on Monday, dealers said, as traders digested news that major producer group, OPEC+ has agreed to hike output again in September. The group agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated o...Reuters
Mon, Aug 4
Axon raises annual revenue forecast on strong security demand
Aug 4 (Reuters) - TASER maker Axon Enterprise AXON.O raised its full-year revenue forecast on Monday, betting on continued demand for its software products and security devices. Shares of Axon were up 3.5% in aftermarket trading. The Arizona-based company — known for its law enforc...Reuters
Mon, Aug 4
