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PJM power auction results rose 22% from last year
July 22 (Reuters) - An annual power market auction by the largest U.S. electrical grid operator resulted in prices 22% higher than last year, the operator said on Tuesday.PJM Interconnection, which covers parts of 13 states from Illinois to New Jersey, revealed the prices for power plants landed at ...Reuters
Tue, Jul 22
US corn, soybeans extend losses as Midwest weather looks crop-friendly
Soybeans see choppy trading session amid U.S.-China trade talk newsWheat futures rise despite global supply expectationsBrazil's corn production forecast pressures U.S. corn marketBy P.J. Huffstutter CHICAGO, July 22 (Reuters) - Chicago Board of Trade corn futures extended session losses on T...Reuters
Tue, Jul 22
ICE canola declines as weather favors Canadian crop prospects
July 22 (Reuters) - ICE canola futures fell for a second straight session on Tuesday as beneficial rains and mild temperatures in the Canadian Prairies this week bolstered crop production prospects, traders said.A stronger Canadian dollar CAD= added to bearish sentiment, making Canadian oilseeds les...Reuters
Tue, Jul 22
Hershey to raise chocolate prices as cocoa costs remain high
July 22 (Reuters) - Hershey HSY.N has told retailers it will be taking a double-digit price increase on average across its confection portfolio due to a surge in costs of cocoa, a company spokesperson said on Tuesday.The maker of Reese's Peanut Butter Cups declined to comment on the specifics of...Reuters
Tue, Jul 22
CBOT wheat futures rise as Russia cuts harvest, export forecasts
CHICAGO, July 22 (Reuters) - Chicago Board of Trade wheat futures firmed on Tuesday, despite expectations of plentiful global supplies, after Russia trimmed its crop harvest and export forecasts, market analysts said. Ukraine's production forecasts also are ticking lower, and traders are paying ...Reuters
Tue, Jul 22
SOFTS-Robusta coffee recovers after hitting 16-month lows, cocoa gains ground
NEW YORK, July 22 (Reuters) - Robusta coffee futures on ICE recovered on Tuesday after hitting a 16-month low in the previous session amid ample supplies and as dealers continued to assess the risk posed by U.S. trade tariffs. Cocoa continued to regain ground. COFFEE * Robusta coffee LR...Reuters
Tue, Jul 22
Halliburton says Mexico oil output decline rates will pressure reactivation of business
By Arathy Somasekhar HOUSTON, July 22 (Reuters) - U.S. oilfield service provider Halliburton HAL.N on Tuesday said Mexico's oil production decline rates are creating pressure for a reactivation of business amid long delays from state-run Pemex to pay its suppliers. Output of crude and ...Reuters
Tue, Jul 22
Corn futures extend losses with US rain forecasts, hefty Brazil crop
CHICAGO, July 22 (Reuters) - Chicago Board of Trade corn futures ended lower on Tuesday, extending previous session losses as the market was weighed down by forecasts for crop-friendly rain in U.S. grain belts this week, traders said.New-crop CBOT December CZ25 ended the day down 4-1/4 cents, settli...Reuters
Tue, Jul 22
US natgas prices slide 2% to 1-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 22 (Reuters) - U.S. natural gas futures slid about 2% to a one-week low on Tuesday on near-record output and forecasts for less hot w...Reuters
Tue, Jul 22
CBOT soybean futures ease after choppy trading session
CHICAGO, July 22 (Reuters) - Chicago Board of Trade soybean futures closed modestly lower on Tuesday after a choppy session in which futures turned higher at times on support from a decline in U.S. crop ratings and news that U.S. and Chinese trade officials will meet to discuss an August 12 deadline...Reuters
Tue, Jul 22
Hershey to raise prices on its chocolates owing to high cocoa costs
July 22 (Reuters) - Hershey HSY.N said on Tuesday it has told retailers that it would be raising prices on its candies due to a surge in costs of cocoa, the key ingredient for its products. "This change is not related to tariffs or trade policies. It reflects the reality of rising ingredient cos...Reuters
Tue, Jul 22
Gold surges to 5-week high as US yields slide, trade uncertainty boosts safe-haven demand
Gold price extended its rally to two consecutive days on Tuesday, rising by over 0.9% as US Treasury yields continued their decline, weakening the US Dollar as traders await fresh news regarding new trade deals from the United States.
Fxstreet
Tue, Jul 22
EXCLUSIVE-Exxon in talks with Trinidad for seven deepwater blocks, sources say
Exxon interested in blocks near Guyana's Stabroek fieldTrinidad's new PM aims to boost offshore investmentOngoing deepwater auction excludes Exxon's desired blocksTrinidad open to bids outside auctions, minister hintsBy Curtis Williams HOUSTON, July 22 (Reuters) - Exxon Mobil XOM.N ha...Reuters
Tue, Jul 22
PRECIOUS-Gold hits five-week peak on trade jitters, lower bond yields
EU explores broader counter-measures as US tariff deal prospects dimFed's Bowman: Political-free monetary policy is 'very important'Bullion hits highest since June 16 July 22 (Reuters) - Gold climbed to a five-week high on Tuesday, drawing strength from trade uncertainty and weaker U....Reuters
Tue, Jul 22
Oil prices fall as key trade talks falter ahead of tariff deadline
Brent, WTI fall about $1/bbl as trade talks deadline loomsEU explores counter-measures as prospects fade for deal with USChances also dimming for trade deal between US and IndiaBy Shariq KhanNEW YORK, July 22 (Reuters) - Oil prices fell on Tuesday for a third consecutive session, as hopes faded for ...Reuters
Tue, Jul 22
CANADA RESEARCH ROUNDUP-Bombardier, Canfor, Fortis
July 22 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Bombardier, Canfor and Fortis on Tuesday.HIGHLIGHTS * Bombardier BBDb.TO: TD Cowen cuts to hold from buy* Canfor Corp CFP.TO: Raymond James cuts to outperform from strong buy* For...Reuters
Tue, Jul 22
Canada will use all the time available to seek US tariff deal, says Carney
OTTAWA, July 22 (Reuters) - Canada will use all the time that is available to strike a trade deal with the United States, Prime Minister Mark Carney told reporters on Tuesday, saying the talks were complex.Asked whether a deal could be struck by August 1, Carney said "We'll see". He spok...Reuters
Tue, Jul 22
