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Canada's Trans Mountain eyes open season later this year for pipeline capacity growth
Open season to assess shipper interest in capacity growthDrag-reducing agents could boost delivery by 5-10%Potential projects may increase export capacity by 200,000-300,000 bpdBy Amanda Stephenson CALGARY, July 30 (Reuters) - The operator of Canada's Trans Mountain oil pipeline may launch a ...Reuters
Wed, Jul 30
CIF/FOB Gulf Grain-Soy, corn barge bids pressured by Chinese demand uncertainty, hefty fall harvest potential
CHICAGO, July 30 (Reuters) - Basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast export terminals were mixed on Wednesday, with deferred month loadings of soybeans sharply lower amid expectations for large U.S. harvests this autumn, traders said.CIF soybean premiums were pressured b...Reuters
Wed, Jul 30
Oil rises over 1% as investors weigh Trump's Russia stance, tariff threats
Trump vows sanctions unless Russia makes progress on peace dealTrump says US to impose 25% tariff on India from Aug 1US also warns China over Russian oil China unlikely to comply with US sanctions, analysts sayBy Arathy Somasekhar HOUSTON, July 30 (Reuters) - Oil prices settled 1% higher on Wedne...Reuters
Wed, Jul 30
CBOT wheat sets two-month low on technical selling, weak demand
CHICAGO, July 30 (Reuters) - Chicago Board of Trade wheat futures reached their lowest level in more than two months on Wednesday on technical selling and competition for global export sales, traders said.Grain consultancy Sovecon raised its Russian wheat export forecast for the 2025-26 season to 43...Reuters
Wed, Jul 30
CBOT soybeans touch April low on favorable US crop weather
CHICAGO, July 30 (Reuters) - Chicago Board of Trade soybean futures ended lower on Wednesday on forecasts for crop weather to remain favorable in the U.S. Midwest, traders said.Beneficial weather conditions have fueled expectations for a large U.S. harvest at a time when U.S. exports have struggled ...Reuters
Wed, Jul 30
Uncertainty over tariffs halts oil shipments from Brazil to US, says lobby group
By Marta Nogueira RIO DE JANEIRO, July 30 (Reuters) - Energy companies operating in Brazil suspended oil shipments to the United States after President Donald Trump announced 50% tariffs against the South American country, Roberto Ardenghy, president of oil lobby group IBP, told Reuters on Wednes...Reuters
Wed, Jul 30
Trump imposes 50% tariff on copper imports, White House says
July 30 (Reuters) - U.S. President Donald Trump on Wednesday signed a proclamation ordering 50% tariffs on certain copper imports, citing national security, the White House said.The proclamation imposes a 50% tariff on semi-finished copper products and copper-intensive derivative products as of Augu...Reuters
Wed, Jul 30
CBOT corn finishes higher on technical buying, short covering
CHICAGO, July 30 (Reuters) - Chicago Board of Trade corn futures ended higher on Wednesday on technical buying and short covering, traders said.The market was oversold but still faces pressure from expectations for a record-large U.S. harvest.Harvesting has started in the far southern fringes of the...Reuters
Wed, Jul 30
Chile's Codelco sees "good news" in exclusion of cathodes from U.S. copper tariffs
SANTIAGO, July 30 (Reuters) - The chairman of the world's biggest copper producer, Chile's state-run Codelco, said on Wednesday it was positive that cathodes were not subject to U.S. tariffs on copper."A preliminary reading suggests that tariffs will not be applied to copper cathodes, al...Reuters
Wed, Jul 30
Almost all farmers blocked by Brazil's 'Soy Moratorium' cleared land illegally, traders' study finds
Study shows almost 98% of blocked farms in Mato Grosso state cleared land illegallyFarmers argue the moratorium blocks those complying with environmental rulesIn recent months farmers have stepped up attacks against the moratoriumBy Ana Mano SAO PAULO, July 30 (Reuters) - Almost 98% of the farms ...Reuters
Wed, Jul 30
Gold slips below $3,300 after Fed holds rates not unanimously
Gold Price extends its losses on Wednesday after the Federal Reserve’s held interest rates unchanged though not unanimously as two dissenters, being Fed Governor Christopher Waller and Michelle Bowman. The XAU/USD traded volatile hoovering near $3,300 yet it remains down 0.71%.
Fxstreet
Wed, Jul 30
Trump imposes 50% tariff on copper imports, White House says
July 30 (Reuters) - U.S. President Donald Trump on Wednesday signed a proclamation ordering tariffs on copper imports, citing national security, the White House said.The proclamation imposes a 50% tariff on semi-finished copper products and copper-intensive derivative products as of Aug. 1, accordin...Reuters
Wed, Jul 30
US Cash Grains-Corn, soybean basis steady to weaker at river terminals, processors, ethanol plants
CHICAGO, July 30 (Reuters) - Basis bids for corn and soybeans were mostly steady to weaker at elevators, processors, river terminals and ethanol plants in a spot check of facilities in the U.S. Midwest on Wednesday, as Midwest weather remained non-threatening and farmers attempted to liquidate old c...Reuters
Wed, Jul 30
Med crude-Urals differentials stable, US to hit India with penalties for Russian oil buying
MOSCOW, July 30 (Reuters) - Urals crude differentials to dated Brent were stable on Wednesday, though traders expected possible changes after U.S. President Donald Trump said the state would hit India with additional penalties for Russian oil purchases.India is the largest buyer of Russian oil by se...Reuters
Wed, Jul 30
Southern Copper warns that U.S.-China trade war could hit copper in short-term
LIMA, July 30 (Reuters) - Grupo Mexico's Southern Copper mining unit believes the U.S.-China trade war will hit the global economy, affecting the copper sector, CFO Raul Jacob said on a call with analysts on Wednesday to discuss quarterly results."We believe an intense commercial war between...Reuters
Wed, Jul 30
Europe Gasoline/Naphtha-Gasoline profit margins jump
LONDON, July 30 (Reuters) - Northwest European gasoline profit margins gained about $2 to $12.17 a barrel on Wednesday. A total of 4,000 metric tons of Eurobob E5 gasoline barges traded, with Trafigura selling to Aramco.An additional 9,000 tons of Eurobob E10 barges traded as Shell, Gunvor and Glenc...Reuters
Wed, Jul 30
GRAINS-EU wheat rises, supported by high Russian prices
PARIS/HAMBURG, July 30 (Reuters) - European wheat edged higher on Wednesday after a big fall in the previous session, supported by strong Russian prices and concerns about Germany's wheat crop.Benchmark September milling wheat BL2U5 on the Paris-based Euronext closed 0.7% higher at 198.25 euros ...Reuters
Wed, Jul 30
METALS-Copper skids to more than one-week low on tariff, demand worries
By Eric Onstad LONDON, July 30 (Reuters) - Copper prices dropped to the lowest in more than a week on Wednesday as inventories climbed and investors worried about looming U.S. tariffs hitting demand.Three-month copper on the London Metal Exchange CMCU3 was down 0.8% at $9,715.50 per metric ton by...Reuters
Wed, Jul 30
Southern Copper expects turmoil from U.S.-China trade war to hit copper
LIMA, July 30 (Reuters) - Grupo Mexico's Southern Copper mining unit believes the U.S.-China trade war will hit the global economy, affecting the copper sector, CFO Raul Jacob said on a call with analysts on Wednesday to discuss quarterly results.However, he said he expected the industry to be r...Reuters
Wed, Jul 30
