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TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, July 18 (Reuters) - Contract Target Support/Resistance Brent oil $69.35/$69.15res $69.66/$69.98/$70.27Palm oil (3rd month)4,316/4,354 ringgitsup 4,273/4,254/4,231 ringgitWTI* $67.05/$66.75res $68.04/$68.66Spot gold$3,328/$3,313res $3,347/$3,3...Reuters
Fri, Jul 18
GRAINS-Soybeans head for 2% weekly gain on US demand hopes
CANBERRA, July 18 (Reuters) - Chicago soybean futures held steady on Friday and were on track for a weekly gain of about 2%, supported by hopes for improved U.S. exports and expectations that the U.S. biofuel policy will boost demand for soyoil used as feedstock. However, prices were still less than...Reuters
Fri, Jul 18
PRECIOUS-Gold heads for weekly dip as strong dollar, US data weighs
July 18 (Reuters) - Gold was flat in early Asian trade on Friday, heading for a weekly fall, weighed down by an overall stronger dollar and solid U.S. economic data. FUNDAMENTALS* Spot gold XAU= was steady at $3,339.22 per ounce, as of 0038 GMT. U.S. gold futures GCcv1 were flat at $3,344.70....Reuters
Fri, Jul 18
WTI drifts higher above $66.00 on brewing Middle East tension
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.15 during the early Asian trading hours on Friday. The WTI edges higher amid renewed geopolitical tensions in the Middle East, raising concerns about tighter global oil supplies.
Fxstreet
Fri, Jul 18
FTC reverses bans on two executives joining Chevron, Exxon boards
WASHINGTON, July 17 (Reuters) - The U.S. Federal Trade Commission on Thursday reversed bans on the CEOs of takeover targets joining the boards of Chevron CVX.N and Exxon Mobil XOM.N that the Biden administration made a condition of clearing the oil giants' deals to buy two oil producers.The FTC ...Reuters
Fri, Jul 18
CIF/FOB Gulf Grain-Corn barge bids firm on freight costs; soy bids mixed
CHICAGO, July 17 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast terminals strengthened on Thursday, supported by rising costs for barge freight and a slow pace of farmer grain sales, traders said.Soybean barge bids were mixed after firming earlier this week.Empty barges on the...Reuters
Thu, Jul 17
Centerpoint Energy Maintains Readiness To Respond To The Low-Pressure System Known As Invest 93L
July 17 (Reuters) - CenterPoint Energy Inc CNP.N:CENTERPOINT ENERGY MAINTAINS READINESS TO RESPOND TO THE LOW-PRESSURE SYSTEM KNOWN AS INVEST 93L WHICH IS MAINLY IMPACTING LOUISIANA; MAY BRING SOME SCATTERED HEAVY RAIN AND STORMS TO GREATER HOUSTON SERVICE AREAReuters
Thu, Jul 17
Coke's shift to cane sugar would be expensive, hurt US farmers
Shift to cane sugar would disrupt supply chains, increase costsCorn syrup cheaper than sugar, widely used in U.S. food industryEliminating corn syrup to result in $5.1 bln loss in farm revenue -CRATariffs complicate potential cane sugar imports from BrazilBy Marcelo Teixeira, Karl Plume and Renee Hi...Reuters
Thu, Jul 17
Canada and New Zealand resolve dairy trade dispute, Canada says
July 17 (Reuters) - Canada and New Zealand have reached a "mutually satisfactory" resolution to a long-running dispute over access for dairy products, the Canadian government said in a statement on Thursday."This agreement, negotiated in close consultation with Canadian dairy stakeholder...Reuters
Thu, Jul 17
LIVESTOCK-CME live cattle stumble in setback, hog futures advance
By Tom Polansek CHICAGO, July 17 (Reuters) - Chicago Mercantile Exchange live cattle futures backpedaled on Thursday after climbing to contract highs during the previous session, while hog futures jumped. Traders projected the cattle market's setback would be short lived as futures remain too...Reuters
Thu, Jul 17
New York halts offshore wind transmission plan amid federal uncertainty
July 17 (Reuters) - The New York State Public Service Commission has terminated its offshore wind transmission planning process due to stalled federal permitting, to protect state ratepayers from premature infrastructure costs, it said on Thursday.This halts the Public Policy Transmission Need proce...Reuters
Thu, Jul 17
CANADA-CRUDE-Discount on Western Canada Select widens
July 17 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 settled Thursday at its widest since March.WCS for August delivery in Hardisty, Alberta, settled at $11 a barrel under the U.S. benchmark WTI, according to brokerage CalRock...Reuters
Thu, Jul 17
Talen to acquire power stations in Pennsylvania, Ohio for $3.5 billion
July 17 (Reuters) - Talen Energy TLN.O is acquiring two power plants located in Pennsylvania and Ohio for a net $3.5 billion, it said on Thursday, adding that it expects the move to boost the company's free cash flow per share by over 40% in 2026.Shares of the company jumped about 16% in extende...Reuters
Thu, Jul 17
US Cash Grains-Soybean crusher basis steady to firm, corn bids flat to lower
CHICAGO, July 17 (Reuters) - Spot basis bids for soybeans were steady to higher at U.S. Midwest processing plants on Thursday and mostly steady at interior elevators and barge-loading river terminals, merchants said.A soybean crusher in Des Moines, Iowa, raised its spot basis bid by 10 cents a bushe...Reuters
Thu, Jul 17
Canada and New Zealand resolve dairy trade dispute, Canada says
July 17 (Reuters) - Canada and New Zealand have reached a "mutually satisfactory" resolution to a long-running dispute over access for dairy products, the Canadian government said in a statement on Thursday."This agreement, negotiated in close consultation with Canadian dairy stakeholder...Reuters
Thu, Jul 17
Solar, wind projects on US lands will get extra scrutiny
July 17 (Reuters) - President Donald Trump's administration said on Thursday that decisions related to solar and wind energy projects on federal lands will be reviewed by Interior Secretary Doug Burgum's office to end what calls preferential treatment for renewable energy sources.The add...Reuters
Thu, Jul 17
US Cash Crude-Mars sour trades at 8-month low following quality issues
July 17 (Reuters) - Grades broadly fell on Thursday, dealers said, with Mars Sour trading at its lowest since mid-November, while Light Louisiana Sweet bucked the broader downward trend. Mars Sour WTC-MRS fell 45 cents to a midpoint of a 75-cent discount to U.S. crude futures, compared with $1 pr...Reuters
Thu, Jul 17
ICE canola futures rebound on vegoils strength, technicals
LANGHAM, Saskatchewan, July 17 (Reuters) - ICE canola futures shot higher on Thursday, with general vegoils strength and technical factors taking canola over 3% higher.• November canola RSX5 settled up $23.80 at $699.90 per metric ton. Other contract months saw similar large gains. • Thursday's ...Reuters
Thu, Jul 17
