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GRAINS-Soybeans gain on lackluster harvest sales, lower yield outlook
By Karl Plume CHICAGO, Oct 8 (Reuters) - U.S. soybean futures rose for a second straight day on Wednesday on expectations that U.S. harvest yields will be lower than the latest government forecast and on limited sales by farmers awaiting news from U.S.-China trade talks and details of government ...Reuters
Wed, Oct 8
US airlines say it is 'imperative' FAA get quick wins in air traffic overhaul
WASHINGTON, Oct 8 (Reuters) - A group representing major U.S. airlines said it is imperative the Federal Aviation Administration accomplish some "quick wins" in the $12.5 billion overhaul of the aging air traffic control system, according to a letter seen by Reuters on Wednesday.Airlines for...Reuters
Wed, Oct 8
PRECIOUS-Gold shatters $4,000 milestone, silver belts record high as investors rush to safety
Silver hits record high, palladium highest since June 2023Gold up about 52% so far this yearTraders price in 25 bps Fed rate-cut this monthBy Anmol Choubey and Anushree Mukherjee Oct 8 (Reuters) - Gold surged past the $4,000 an ounce level for the first time on Wednesday, building on a record-bre...Reuters
Wed, Oct 8
Boeing Secures $173 Mln U.S. Air Force Contract for Eight MH-139A Helicopters
Oct 8 (Reuters) - Boeing Co BA.N:BOEING AWARDED CONTRACT FOR EIGHT ADDITIONAL MH-139A HELICOPTERSBOEING - U.S. AIR FORCE HAS AWARDED CO A CONTRACT TO PRODUCE EIGHT MORE MH-139A GREY WOLF HELICOPTERS WORTH MORE THAN $173 MILLIONReuters
Wed, Oct 8
US Cash Grains-Soy, corn basis mostly steady to firmer
CHICAGO, Oct 8 (Reuters) - Spot basis bids for soybeans were mostly steady to firmer at soy processing sites in the U.S. Midwest on Wednesday as farmer offerings slowed and the harvest of the oilseed began to wind down in a few eastern areas, merchandisers said.The soybean basis rose by 5 cents a bu...Reuters
Wed, Oct 8
EU wheat stays subdued as abundant supply weighs
PARIS, Oct 8 (Reuters) - Euronext wheat again traded in a narrow range on Wednesday, with ample global supply limiting support from a falling euro and keeping futures near contract lows. December milling wheat BL2Z5, the most-active position on Paris-based Euronext, settled 0.1% up at 188.00 euros (...Reuters
Wed, Oct 8
Europe Gasoline/Naphtha-Gasoline cracks fall slightly
LONDON, Oct 8 (Reuters) - Northwest European gasoline profit margins fell by about $1 to $15.81 a barrel on Wednesday despite a larger-than-expected draw on inventories in the United States.A total of 3,200 metric tons of Eurobob E5 barges traded as Exxon and Glencore sold to each other.Another 4,20...Reuters
Wed, Oct 8
WTI extends rally for fourth day as OPEC+ output hike offsets US inventory build
West Texas Intermediate (WTI) Crude Oil is extending its recovery for a fourth consecutive day on Wednesday, with the market staging a fresh leg higher immediately after the release of the US Energy Information Administration’s (EIA) weekly Crude Oil Stocks Change report.
Fxstreet
Wed, Oct 8
METALS-Copper retreats after touching 16-month peak on mine disruptions
By Eric Onstad LONDON, Oct 8 (Reuters) - Copper prices briefly hit a 16-month peak on Wednesday due to worries about potential shortages from a series of mine disruptions, but it later retreated under pressure from a stronger dollar. Aluminium also touched its highest in 16 months as available in...Reuters
Wed, Oct 8
Silver rises to all-time high, tracking gold's record-breaking rally
Oct 8 (Reuters) - Silver soared to a record high on Wednesday, riding the coattails of gold's unprecedented rally above the $4,000/oz level earlier in the session. Spot silver XAG= was up 3.5% at $49.54 per ounce by 1611 GMT.Reuters
Wed, Oct 8
Zach Dell's Base Power raises $1 billion in latest financing round
Oct 8 (Reuters) - Base Power said on Wednesday that it had raised $1 billion in its latest funding round, as it looks to ramp up its business of leasing batteries to homeowners to meet rising power demand.The round valued the Texas-based company at $3 billion, pre-money, according to a source famili...Reuters
Wed, Oct 8
Gold set to extend record-breaking run on global anxieties
Gold hits major psychological mark of $4,000/ozInvestors seek protection from a mix of asset risks Gold, other precious metals benefit from thisGold rally seen extending into 2026By Polina Devitt LONDON, Oct 8 (Reuters) - Anxieties over global geopolitical and economic risks are the biggest drive...Reuters
Wed, Oct 8
Former top producer South Africa rues lost glitter as gold price spikes
Oct 8 (Reuters) - South African mining veteran Duncan Wanblad on Wednesday lamented the country’s foregone investment in mining, as gold prices surged past $4,000 an ounce — a record high driven by expectations of lower interest rates and safe-haven demand.Addressing the Johannesburg Mining Indaba c...Reuters
Wed, Oct 8
REFILE-EU wheat stays subdued as abundant supply weighs
PARIS, Oct 8 (Reuters) - Euronext wheat again traded in a narrow range on Wednesday, with ample global supply limiting support from a falling euro and keeping futures near contract lows. December milling wheat BL2Z5, the most-active position on Paris-based Euronext, was down 0.1% at 187.50 euros ($2...Reuters
Wed, Oct 8
Long queues form at Mali fuel stations as militants block imports
Insurgents imposed blockade on fuel imports last monthMany fuel stations had closed or supplied only dieselMany reopen in Bamako after fuel arrives from Ivory Coast BAMAKO, Oct 8 (Reuters) - Motorists former long queues outside fuel stations in Mali's capital Bamako on Wednesday following se...Reuters
Wed, Oct 8
Teck Resources cuts copper production guidance at flagship Chilean mine QB
Oct 8 (Reuters) - Canadian miner Teck Resources Limited TECKb.TO on Wednesday cut the copper production forecast at its flagship Quebrada Blanca (QB) mine in Chile through 2028, following a company-wide operations review and its merger with Anglo American AAL.L.Teck shares were trading up by 2% at t...Reuters
Wed, Oct 8
Airlines brace for third day of flight delays as shutdown persists
FAA faces staffing issues amid government shutdownControllers, TSA officers working without pay during shutdownFAA staffing cut by 50% in some areas since shutdown beganBy David Shepardson BALTIMORE, Oct 8 (Reuters) - Major U.S. airlines are bracing for a third straight day of delays on Wednesday...Reuters
Wed, Oct 8
Iran has released French-German national Monterlos, France's outgoing FM says
Oct 8 (Reuters) - Iran-detained French-German national Lennart Monterlos has been released and is returning to France, outgoing French Foreign Minister Jean-Noel Barrot said in a post on the social media X."Lennart Monterlos is free!" Barrot wrote.Iran acquitted on Monday Lennart Monterlos o...Reuters
Wed, Oct 8
