News
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Gold falls below $3,400 as US–EU trade deal nears despite US Dollar weakness
Gold price drops below $3,400 on news that the United States (US) and the European Union (EU) are close to signing an agreement, similar to the one signed by Washington and Tokyo on Tuesday. Consequently, the Greenback edges lower, a tailwind for the golden metal.
Fxstreet
Wed, Jul 23
US natgas prices fall 5% to 12-week low on near-record output, lagging LNG exports
Gas stockpiles at 6% above normal and growingGas output on track for monthly record high in JulyHottest days of summer coming early next weekBy Scott DiSavino July 23 (Reuters) - U.S. natural gas futures fell about 5% to a 12-week low on Wednesday on near-record output, stagnant gas flows to liqu...Reuters
Wed, Jul 23
US Cash Crude-Crude prices little changed on first day of roll trade
July 23 (Reuters) - Cash price differentials were broadly little changed on Wednesday, dealers said, on the first day of the typically more volatile roll trading period. The three-day roll trade period begins on the session after the expiration of the front-month U.S. crude futures' contract CLc...Reuters
Wed, Jul 23
Oil prices steady with trade talks in focus
US-Japan trade deal puts brakes on oil's three-day slideMarket cautious ahead of EU-China summitEIA reports US crude inventories fell last weekBy Nicole Jao NEW YORK, July 23 (Reuters) - Oil prices were little changed on Wednesday as investors assessed trade developments between the Europ...Reuters
Wed, Jul 23
GRAINS-CBOT wheat futures dip; corn falls for third straight session
Minneapolis spring wheat see some pressure from early North Dakota yield projectionsCorn futures affected by crop-friendly weather forecastsSoybean futures slump on China reducing meal feed useBy P.J. Huffstutter CHICAGO, July 23 (Reuters) - Chicago Board of Trade wheat futures fell on Wednes...Reuters
Wed, Jul 23
Chicago wheat futures dip on profit-taking, larger production forecasts
CHICAGO, July 23 (Reuters) - Chicago Board of Trade wheat futures fell on Wednesday amid signs of profit-taking and reports of ample global supplies, market analysts said.Wheat price losses were somewhat capped by a North Dakota crop tour report that came out late on Tuesday, traders said.Crop scout...Reuters
Wed, Jul 23
PRECIOUS-Gold extends losses as US and EU close in on tariff deal, silver rallies
Bullion down over 1%US Fed independence under threat, say economistsSilver hits highest since 2011 earlier in the sessionPlatinum down over 1% By Sherin Elizabeth Varghese and Ashitha Shivaprasad July 23 (Reuters) - Gold prices extended losses on Wednesday following reports that the U.S. and Euro...Reuters
Wed, Jul 23
ICE canola futures follow vegoils higher
WINNIPEG, Manitoba, July 23 (Reuters) - ICE canola futures followed vegoils higher on Wednesday, as continued moderate weather dampened hopes for a rally.• November canola RSX5 settled at $698.10 per metric ton, up $8.10. January RSF5 settled up $8.10 at $708.30.• Western Canadian weather continues ...Reuters
Wed, Jul 23
Chicago corn futures end lower for third straight session
CHICAGO, July 23 (Reuters) - Chicago Board of Trade corn futures turned lower on Wednesday, extending losses for a third straight session as spread-trading and expectations of a hefty U.S. harvest this autumn continued to weigh on the market, traders said.New-crop CBOT December CZ25 ended the day do...Reuters
Wed, Jul 23
Sustainable Finance Newsletter - Who is responsible for climate change?
July 22 (Reuters) - A decade since the Paris Agreement was signed in 2015, two big outstanding questions have delayed action: Who is responsible for climate change and who should pay?On Wednesday, in a landmark advisory ruling, the United Nations' highest court said countries must address the &#...Reuters
Wed, Jul 23
Puerto Rico ends $20 billion LNG contract talks with New Fortress Energy, Bloomberg News reports
July 23 (Reuters) - Puerto Rico is ending talks to negotiate a $20 billion liquefied natural gas contract with New Fortress Energy NFE.O, Bloomberg News reported on Wednesday, citing a negotiator.Osvaldo Linares, president of Recoms Group, the island’s third-party procurement office, told Bloomberg ...Reuters
Wed, Jul 23
China's hog production, soymeal cuts pressure Chicago soybean futures
CHICAGO, July 23 (Reuters) - Chicago Board of Trade soybean futures closed lower on Wednesday, after soymeal futures slumped on news that China would cut back its hog production, reduce soymeal use and hunt for meal substitutions in feed rations, traders said.China will reduce the number of breeding...Reuters
Wed, Jul 23
EU, China plan joint statement on climate change, sources say
By Kate Abnett BRUSSELS, July 23 (Reuters) - The European Union and China are preparing to agree a joint declaration on tackling climate change at a summit in Beijing on Thursday, EU diplomats told Reuters.European Commission President Ursula von der Leyen and European Council President Antonio C...Reuters
Wed, Jul 23
PREVIEW-US refiners may see Q2 profit recover on stronger diesel margins
Diesel margins boost US refiners' Q2 profitsRefiners' earnings rebound from recent quarterly lossesRefining stocks up 20% year-to-dateBy Nicole JaoNEW YORK, July 23 (Reuters) - Investors are expecting top U.S. refiners to report higher second-quarter profits, bouncing back from losses during...Reuters
Wed, Jul 23
New Ghana mining laws to shorten licence periods, boost community investment
Reforms include direct revenue-sharing with local communitiesChanges apply only to future contracts, not existing agreementsBy Emmanuel Bruce and Christian Akorlie ACCRA, July 23 (Reuters) - Ghana plans to shorten mining licence durations and mandate direct revenue-sharing with local communities ...Reuters
Wed, Jul 23
ADVISORY-Alerts, story on US refinery utilization rate are withdrawn
NEW YORK, July 23 (Reuters) - Alerts and story on Wednesday that the U.S. refining utilization rate hit a two-year high last week are inaccurate and withdrawn due to errors in the U.S. Energy Information Administration's Rocky Mountains utilization dataset ....Reuters
Wed, Jul 23
US gas firms EQT, Range boost output plans for 2025
Range reduces spending, boosts production estimates for 2025EQT maintains spending, increases 2025 gas output expectationsAnalysts focus on EQT's Pennsylvania gas supply dealsBy Scott DiSavino July 23 (Reuters) - U.S. energy companies EQT EQT.N and Range Resources RRC.N expect to produce more...Reuters
Wed, Jul 23
Puerto Rico ends talks on New Fortress' $20 billion supply deal, Bloomberg News reports
July 23 (Reuters) - Puerto Rico is ending talks to negotiate a $20 billion liquefied natural gas contract with New Fortress Energy NFE.O, Bloomberg News reported on Wednesday, citing a negotiator.Reuters
Wed, Jul 23
US Plains HRW Wheat-Basis bids flat as low prices discourage selling
CHICAGO, July 23 (Reuters) - Spot basis bids for U.S. Plains hard red winter wheat were flat in the U.S. Plains on Wednesday as trade was quiet and low wheat prices discouraged farmer selling, dealers said. Ample global supply has kept wheat prices under pressure. Russia, the world's biggest whe...Reuters
Wed, Jul 23
GRAINS-CBOT wheat futures dip; corn down on friendly weather, spread-trading
Minneapolis spring wheat see some pressure from early North Dakota yield projectionsCorn futures affected by crop-friendly weather forecastsSoybean futures rise on weak dollar, trade deal hopesBy P.J. Huffstutter CHICAGO, July 23 (Reuters) - Chicago Board of Trade wheat futures fell on Wednesday ...Reuters
Wed, Jul 23
