News
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CBOT Trends-Wheat up 2-3 cents, corn down 1-2, soybeans steady-down 1
CHICAGO, Aug 4 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading on Monday. WHEAT - Up 2 to 3 cents per bushelWheat futures were slightly firmer with buying interest sparked by last week's lows. Advancing harvests in the Northern Hemisphere h...Reuters
Mon, Aug 4
Aurora Cannabis Inc expected to post a loss of 2 cents a share - Earnings Preview
Aurora Cannabis Inc ACB.TO is expected to show a rise in quarterly revenue when it reports results on August 6 for the period ending June 30 2025The Leduc Alberta-based company is expected to report a 16.2% increase in revenue to C$96.95 million from C$83.44 million a year ago, according to the ...Reuters
Mon, Aug 4
RPT-CORRECTED-Oil producer pressure, Trump rollbacks threaten last-chance global plastics treaty
Talks resume in Geneva on Tuesday on treaty to curb plastics pollutionOil states challenge treaty provisions, push for voluntary measuresUS seeks treaty focused on waste disposal, not production limitsSmall island states demand funding for pollution cleanupBy Olivia Le Poidevin and Valerie Volcovici...Reuters
Mon, Aug 4
Freeport LNG export plant in Texas back in service on Monday, LSEG data shows
Aug 4 (Reuters) - U.S. liquefied natural gas company Freeport LNG's export plant in Texas was on track to take in more natural gas on Monday in a sign that the plant exited an outage over the weekend, according to a company filing with state regulators and gas flow data from financial company LS...Reuters
Mon, Aug 4
Google agrees to curb power use for AI data centers to ease strain on US grid when demand surges
By Laila Kearney NEW YORK, August 4 (Reuters) - Google GOOGL.O has signed agreements with two U.S. electric utilities to reduce its AI data center power consumption during times of surging demand on the grid, the company said on Monday, as energy-intensive AI use outpaces power supplies.Utilities...Reuters
Mon, Aug 4
CORRECTED-Oil producer pressure, Trump rollbacks threaten last-chance global plastics treaty
Talks resume in Geneva on Tuesday on treaty to curb plastics pollutionOil states challenge treaty provisions, push for voluntary measuresUS seeks treaty focused on waste disposal, not production limitsSmall island states demand funding for pollution cleanupBy Olivia Le Poidevin and Valerie Volcovici...Reuters
Mon, Aug 4
Digi Power X Reports 122% Month-Over-Month Rise in Cash and Crypto Position with No Long-Term Debt
Aug 4 (Reuters) - Digi Power X Inc DGX.V:DIGI POWER X REPORTS 122% MONTH-OVER-MONTH INCREASE IN CASH AND CRYPTO POSITION WITH NO LONG-TERM DEBT AND REPORTS JULY 2025 PRODUCTION RESULTSDIGI POWER X INC - PRODUCED 23 BTC IN JULYReuters
Mon, Aug 4
RPT-COLUMN-OPEC+ gets lucky as it brings back oil output amid uncertainty: Russell
By Clyde Russell LAUNCESTON, Australia, Aug 4 (Reuters) - A couple of months ago it would have been a brave call to say that OPEC+ would be able to bring back 2.5 million barrels per day of crude production and still keep oil prices anchored around $70 a barrel.But this is exactly what has occurr...Reuters
Mon, Aug 4
Sixth Street takes 38% of Italian renewable energy firm Sorgenia in $4.6 bln deal
MILAN, Aug 4 (Reuters) - U.S. investment firm Sixth Street said on Monday it had agreed to buy 38% of Sorgenia, in a deal that values the Italian renewable energy company at 4 billion euros ($4.6 billion).The transaction allows Spanish infrastructure fund Asterion Industrial Partners to exit Sorgeni...Reuters
Mon, Aug 4
GRAINS-Wheat stable after falls caused by expectations of good supplies
By Michael Hogan HAMBURG/CANBERRA, Aug 4 (Reuters) - Chicago wheat futures stabilised on Monday, with buying interest sparked after earlier weakness as advancing harvests in the Northern Hemisphere raised expectations that markets will be well supplied.Corn and soybean futures fell on expectation...Reuters
Mon, Aug 4
Citi Flips from Bear to Bull on Gold? New Upside Seen as Record Highs Come Into View!
TradingKey - Following recent U.S. economic data releases and the unexpected escalation in tariff rates, Citigroup has made a dramatic shift in its gold outlook — turning from a long-time bear to a bullish stance.TradingKey
Mon, Aug 4
Meatpacker Tyson Foods raises annual revenue forecast on resilient chicken demand
Aug 4 (Reuters) - Tyson Foods TSN.N raised annual revenue forecast and posted better-than-expected results for the third quarter on Monday, betting on resilient demand for its meat products, especially chicken.Profit margins jumped in Tyson's chicken and prepared foods businesses, while they wor...Reuters
Mon, Aug 4
PRECIOUS-Gold eases as yields rise, investors book profits
Latest Trump tariffs unlikely to budge, top negotiator saysTrump to nominate new Fed candidate after Kugler's resignationMarket expects a rate cut in SeptemberCiti raises gold forecast to $3,500/oz over next 3 monthsBy Sherin Elizabeth Varghese Aug 4 (Reuters) - Gold eased on Monday due to sl...Reuters
Mon, Aug 4
McEwen Mining to complete Argentina mine feasibility study in two months, executive says
McEwen Copper will seek $600 million for infrastructure spendingFeasibility study near completion Argentina has pipeline of eight major copper projectsBy Lucila Sigal SAN JUAN, Argentina, Aug 4 (Reuters) - McEwen Mining MUX.TO expects to complete a feasibility study for its Los Azules copper mine...Reuters
Mon, Aug 4
Asia Fuel Oil-VLSFO spot premium at four-month lows
SINGAPORE, Aug 4 (Reuters) - The spot premium for very low sulphur fuel oil (VLSFO) was at its lowest in four months as of Monday, even though market structure improved from the previous week. Singapore cash premium for VLSFO was pegged above $1 a metric ton, though spot offers for early September r...Reuters
Mon, Aug 4
Copper drops after Trump’s tariff surprise – ING
LME Copper was down 1.4%, while prices on the Comex exchange plunged more than 20% last week after President Trump’s decision to exempt refined forms of the metal from fresh US import tariffs, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Mon, Aug 4
OPEC+ goes with another large supply hike for September – ING
There was little in the way of surprises from OPEC+ over the weekend, as the group increased supply by 547k b/d for September. The market had largely expected the supply hike, one that marks the end of the group returning the full 2.2m b/d of additional voluntary cuts.Fxstreet
Mon, Aug 4
