News
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ICE canola futures close up for both day and week
WINNIPEG, Manitoba, Aug 22 (Reuters) - ICE canola futures ended up on Friday and rose slightly from where they closed last week, with soyoil's surge pulling up other vegoils.• November canola RSX5 settled up $3.20 at $666.50 per metric ton. January RSF5 settled up $3.10 at $677.50. Last Friday c...Reuters
10 hours ago
US natgas prices fall 5% to 9-month low on near-record output, ample gas in storage
Near-record output and ample storage put pressure on pricesLiquid natural gas export flows increase as plants exit outagesWeather forecasts remain near-normal through early SeptemberBy Scott DiSavino Aug 22 (Reuters) - U.S. natural gas futures fell about 5% to a nine-month low on Friday on near-r...Reuters
10 hours ago
GRAINS-Soybeans extend gains to two-month peak; corn and wheat choppy
Soy rises on soyoil rally, hopes for Chinese demandCorn and wheat seesaw as supply comes into focusWheat slips from a three-week highBy Heather Schlitz CHICAGO, Aug 22 (Reuters) - Chicago soybeans rose further on Friday to a two-month peak as brisk weekly exports, hopes that China will revert to ...Reuters
10 hours ago
Oil prices rise, make weekly gains as Ukraine peace process stalls
Potential stronger sanctions against Russia back in focusPrices also supported by US crude stocks drawdownGerman economic data raises concerns over demandBy Georgina McCartney HOUSTON - Aug 22 (Reuters) - Oil prices steadied on Friday amid uncertainty surrounding a potential peace deal between Ru...Reuters
10 hours ago
CBOT wheat tick lower as global supply weighs
CHICAGO, Aug 22 (Reuters) - Chicago Board of Trade wheat futures spent Friday seesawing but ended lower to slip from a three-week high.Ample global supplies continue to anchor prices despite resilient demand for U.S. wheat.Ukraine's 2025 wheat harvest is seen falling to around 21 million metric ...Reuters
10 hours ago
CBOT soybeans higher on strong soyoil prices, demand uptick
CHICAGO, Aug 22 (Reuters) - Chicago Board of Trade soybean futures rose further on Friday to a two-month peak as brisk weekly exports, hopes that China will revert to buying U.S. crop and a rally in soyoil offset supply pressure from favourable U.S. field conditions.Soybeans rallied on Thursday as b...Reuters
10 hours ago
CBOT corn tips lower on strong crop tour results
CHICAGO, Aug 22 (Reuters) - Chicago Board of Trade corn futures chopped up and down on Friday but ended lower as the strong yield potential shown by a U.S. field tour curbed support from bumper weekly exports.Scouts on the Pro Farmer Midwest crop tour estimated the corn yield in top producer Iowa at...Reuters
10 hours ago
Gold climbs as Powell flags rising labor risks, dovish Fed tilt
Gold prices continue to trend higher on Friday after the Federal Reserve (Fed) leaned dovish, as commented by the Fed Chair Jerome Powell, who said that “downside risks to the labor market are rising.” XAU/USD trades at $3,371 after hitting a daily low of $3,321.
Fxstreet
11 hours ago
Phillips 66's refinery in Roxana, Illinois, having issues with crude unit - sources
NEW YORK, Aug 22 (Reuters) - Phillips 66's PSX.N 356,000 barrels-per-day Wood River refinery in Illinois had issues with its crude unit, trading sources said on Friday.Phillips 66 declined to comment on refinery operations.The refinery, located in Roxana, Illinois, produces transportation fuels ...Reuters
11 hours ago
US EPA approves biofuel waivers for small refiners, stirring concerns over demand
By Jarrett Renshaw WASHINGTON, Aug 22 (Reuters) - The U.S. Environmental Protection Agency on Friday approved most of its backlog of requests by small oil refineries for biofuel law exemptions, raising concerns among biofuels advocates over a potential hit to demand.The approvals are also a mixed...Reuters
11 hours ago
PRECIOUS-Gold gains as Powell’s comments fuel rate cut hopes
US dollar slips 1% Traders now see 85% probability on a Fed rate cut in SeptemberVolatile prices stifle gold demand in top Asian hubsTrump says he'll fire Fed's Cook if she doesn't resignBy Ashitha Shivaprasad Aug 22 (Reuters) - Gold prices rebounded on Friday, buoyed by heightened ex...Reuters
11 hours ago
Trump to call Carney soon, applauds retaliatory tariff removal
WASHINGTON, Aug 22 (Reuters) - U.S. President Donald Trump on Friday applauded an announcement by Canada's Mark Carney to remove many retaliatory import tariffs on U.S. goods and said he plans to speak to the prime minister soon."He's removing his retaliatory tariffs, which I thought was...Reuters
12 hours ago
US drillers cut oil and gas rigs for fourth time in five weeks - Baker Hughes
By Scott DiSavino Aug 22 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future ou...Reuters
12 hours ago
Iran, European powers agree to resume nuclear, sanctions talks next week
European powers threaten to reimpose sanctions over Iran's nuclear programIran disputes European powers' right to use 'snapback' sanctions mechanismIran, IAEA discuss how to interact, Iranian envoy says DUBAI, Aug 22 (Reuters) - Iranian Foreign Minister Abbas Araqchi and his F...Reuters
12 hours ago
US drillers cut oil and gas rigs for fourth time in five weeks - Baker Hughes
By Scott DiSavino Aug 22 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future ou...Reuters
12 hours ago
Chile's Codelco cuts 2025 copper forecast after El Teniente mine collapse
Newest sectors at El Teniente need review after accidentCodelco's own production up 9% in first half of 2025Pre-tax profit drops 34% By Fabian Cambero and Daina Beth Solomon SANTIAGO, Aug 22 (Reuters) - Chile's Codelco [RIC:RIC:COBRE.UL], the world's largest copper producer, on Friday...Reuters
13 hours ago
METALS-Copper hits one-week high after Powell points to possible rate cut
By Eric Onstad LONDON, Aug 22 (Reuters) - Copper prices rose for a third session on Friday after the U.S. central bank chief opened the door to interest rate cuts and as demand in top metals consumer China remained healthy.Benchmark three-month copper on the London Metal Exchange CMCU3 was up 0.5...Reuters
13 hours ago
Europe Gasoline/Naphtha-Gasoline profit margins slip
LONDON, Aug 22 (Reuters) - Northwest European gasoline profit margins fell 31 cents a barrel to $17.36 a barrel on Friday. A total of 5,000 metric tons of Eurobob E5 barges traded in the session, with Gunvor and Sahara selling to Varo and Trafigura.An additional 4,000 tons of Eurobob E10 barges trad...Reuters
13 hours ago
