News
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CIF/FOB Gulf Grain-Corn, soy basis bids dive on rising spot supplies as big harvest awaited
CHICAGO, July 29 (Reuters) - Basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast export terminals were mostly lower on Tuesday on ample supplies in the river market and expectations for large U.S. harvests this autumn.More farmers are hauling corn and soybeans to river elevators for...Reuters
Tue, Jul 29
MOVES-Head of Americas gasoline for TotalEnergies trading arm departs for hedge fund, sources say
By Shariq Khan and Georgina McCartneyNEW YORK, July 29 (Reuters) - The head of Americas gasoline for French energy major TotalEnergies' trading arm, Atlantic Trading & Marketing Inc, has left the firm to join a hedge fund, three sources familiar with the matter told Reuters on Tuesday.Gregor...Reuters
Tue, Jul 29
Women-only US dating advice app Tea suspends messaging following breaches
WASHINGTON, July 29 (Reuters) - The women-only U.S. dating advice app Tea has suspended direct messaging following a series of security breaches that exposed its users' personal details and sensitive communications, the company said on Tuesday.In a series of posts to TikTok, Tea Dating Advice sa...Reuters
Tue, Jul 29
Miner Sherritt posts fall in Q2 revenue, cuts 2025 nickel output guidance
OverviewSherritt Q2 revenue falls 15% yr/yr to C$43.7 mlnAdjusted EBITDA comes in at C$2.6 mlnThe miner and refiner of nickel and cobalt lowers metals production guidance due to Cuban challengesCost reduction measures to save C$20 mln annuallyOutlookSherritt lowers 2025 nickel production guidance to...Reuters
Tue, Jul 29
ICE canola futures rise as soyoil leads higher
WINNIPEG, Manitoba, July 29 (Reuters) - ICE canola futures rose on Tuesday as Chicago soyoil kept North American vegoils away from the weakness in the main grains.• November canola RSX5 settled up $6.40 at $702.30 per metric ton. Other contract months had slightly greater gains. • Volume recovered f...Reuters
Tue, Jul 29
Bessent warns China on Russian oil purchases that could bring 100% tariffs
By David Lawder STOCKHOLM, July 29 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday said he warned Chinese officials that continued purchases of sanctioned Russian oil would lead to big tariffs due to legislation in Congress, but was told that Beijing would protect its energy sovereig...Reuters
Tue, Jul 29
US natural gas prices rise on hot weather forecasts, contract expiry
July 29 (Reuters) - U.S. natural gas futures rose on Tuesday as hot weather forecasts in August are expected to boost air-conditioning demand, prompting more gas use by power generators, while technical buying ahead of the August contract expiration added further support. Front-month gas futures ...Reuters
Tue, Jul 29
CBOT wheat futures slide on technical selling, sluggish demand
CHICAGO, July 29 (Reuters) - Chicago Board of Trade wheat futures fell to two-month lows on Tuesday on technical selling and sluggish demand as the Northern Hemisphere winter wheat harvest continued, traders said.CBOT September soft red winter wheat WU25 settled down 8-3/4 cents at $5.29-3/4 per bus...Reuters
Tue, Jul 29
US natgas producer Expand Energy swings to second-quarter profit
July 29 (Reuters) - U.S. natural gas producer Expand Energy EXE.O reported a second-quarter profit on Tuesday, compared with a year-earlier loss, as it benefited from higher output and commodity prices.The Oklahoma City-based company reported a net income of $968 million, or $4.02 per share, for the...Reuters
Tue, Jul 29
CBOT corn ends lower on improving US crop weather
CHICAGO, July 29 (Reuters) - Chicago Board of Trade corn futures fell on Tuesday for a third straight session as forecasts for cooler Midwest temperatures this week and periodic rains reinforced expectations for ample U.S. harvests, analysts said.CBOT September corn CU25 settled down 4-1/2 cents at ...Reuters
Tue, Jul 29
SPECIAL REPORT-Less rain, more wheat: How Australian farmers defied climate doom
Australia's wheat productivity gains exceed US, Europe, despite climate threatInnovations in seeds, planting, cultivation boost wheat yieldsAustralia's research system, focus on closing yield gap help drive successBy Peter Hobson MERREDIN, Australia, July 30 (Reuters) - In a newly sown wh...Reuters
Tue, Jul 29
US Plains HRW Wheat-Basis flat as harvest approaches completion
CHICAGO, July 29 (Reuters) - Spot basis bids for hard red winter wheat were unchanged in a spot check of locations in the southern U.S. Plains on Tuesday, with quiet trade as the harvest wraps up. Dealers in multiple locations said there was little farmer selling on Tuesday. The U.S. Department of A...Reuters
Tue, Jul 29
CBOT soybeans end lower as US weather outlooks improve
CHICAGO, July 29 (Reuters) - Soybean futures on the Chicago Board of Trade fell on Tuesday as forecasts for cooler Midwest temperatures this week and continued periodic rains reinforced expectations of a big U.S. harvest, traders said.CBOT August soybeans SQ25 settled down 7 cents at $9.81-3/4 per b...Reuters
Tue, Jul 29
Crude Oil lurches higher after Trump gives Russia ten days to strike a deal with Ukraine
West Texas Intermediate (WTI) US Crude Oil rose at its fastest single-day pace in over a month after US President Donald Trump announced that he's giving Russia just ten days to reach an acceptable resolution on Ukraine, or face stiff economic sanctions and penalties.
Fxstreet
Tue, Jul 29
Brazil is planning relief measures for firms hit by US tariffs, says minister
BRASILIA, July 29 (Reuters) - Brazil is planning relief measures for companies impacted heavily by steeper U.S. tariffs set to take effect in August, Finance Minister Fernando Haddad said on Tuesday.Speaking to CNN Brasil, Haddad said the plan, which will be reviewed by President Luiz Inacio Lula da...Reuters
Tue, Jul 29
Brazil asks US to spare food products, Embraer planes from 50% tariff, source says
By Lisandra Paraguassu BRASILIA, July 29 (Reuters) - Brazil's government has asked the U.S. to exclude food products and Embraer's EMBR3.SA aircraft from the 50% tariff it plans to impose on Brazilian goods starting August 1, a source familiar with the matter told Reuters on Tuesday.The r...Reuters
Tue, Jul 29
Brazil beef-packers estimate $1 billion in losses if US tariffs apply
By Ana ManoSAO PAULO, July 29 (Reuters) - Brazilian beef-packers' lobby Abiec, which represents companies including JBS JBSS3.SA and Marfrig MRFG3.SA, on Tuesday estimated losses of $1 billion if the United States applies a 50% tariff on Brazilian exports.The U.S. is Brazil's second biggest ...Reuters
Tue, Jul 29
Foreign oil companies in Venezuela await US authorizations, sources say
Maduro said a new permit for Chevron would come PDVSA readies future cargo deliveries, but tankers have not returnedUS supports Venezuela's 'restoration of democratic order,' Secretary Rubio said By Marianna Parraga and Sheila Dang HOUSTON, July 29 (Reuters) - About a half dozen fore...Reuters
Tue, Jul 29
Gold ticks up with all eyes on US-China talks, Fed meeting
Fed likely to leave rates unchanged on WednesdayBullion hit its lowest level in nearly three weeks on MondayBy Sherin Elizabeth Varghese July 29 (Reuters) - Gold prices edged higher on Tuesday as investors awaited the outcome of U.S.-China trade talks and the Federal Reserve's policy meeting....Reuters
Tue, Jul 29
