News
Important Only
SOFTS-Robusta coffee prices ease, focus on Vietnam harvest
NEW YORK, Dec 3 (Reuters) - Robusta coffee futures eased on Wednesday as the focus remained on whether recent storms and flooding in top producer Vietnam have dented the harvest outlook. COFFEE Robusta coffee LRCc1 settled down $36, or 0.8%, at $4,315 a metric ton. Dealers said ...Reuters
Wed, Dec 3
Codelco and Glencore agree to partner on Chilean smelter project
SANTIAGO, Dec 3 (Reuters) - Chile's state-run copper producer Codelco COBRE.UL and Glencore GLEN.L, a Swiss trader and miner, have signed an initial agreement to collaborate on a smelter project in Chile, the companies said on Wednesday. The deal calls for Codelco to provide copper concentr...Reuters
Wed, Dec 3
US Plains HRW Wheat-Basis bids mostly flat on slow farmer sales, lower futures
CHICAGO, Dec 3 (Reuters) - Spot basis bids for hard red winter wheat held mostly steady around the U.S. Plains on Wednesday as futures prices retreated and farmer selling remained slow, grain merchants said.Wheat futures on the Chicago Board of Trade fell on Wednesday for the third time in four sess...Reuters
Wed, Dec 3
GRAINS-Corn, wheat ease after gains driven by Black Sea jitters
Corn and wheat prices fall as Black Sea tensions easeAmple global wheat supplies add bearish sentimentSoybeans decline due to uncertainty over Chinese demandBy Julie Ingwersen CHICAGO, Dec 3 (Reuters) - U.S. corn futures fell more than 1% on Wednesday and wheat futures also dipped as fears eased ...Reuters
Wed, Dec 3
PRECIOUS-Gold holds steady, silver scales record high
US private payrolls decrease in November, ADP saysSilver hits record high at $58.98 earlier in the sessionBy Anmol Choubey Dec 3 (Reuters) - Gold prices held steady on Wednesday, buoyed by weak private payrolls data that reinforced expectations of a U.S. interest rate cut next week, while sil...Reuters
Wed, Dec 3
Gold floats around $4,200 amid US Dollar slide and growing Fed-pivot bets
Gold price declines some 0.20% on Wednesday as US economic data, although mixed, reaffirmes traders’ expectations for a rate cut next week at the Fed's meeting. XAU/USD trades above $4,200 after bouncing off daily highss of $4,240.
Fxstreet
Wed, Dec 3
US Cash Grains-Soybean basis bids steady to higher at elevators, processors
CHICAGO, Dec 3 (Reuters) - Spot basis bids for soybeans were mostly steady to higher at U.S. Midwest elevators and processing plants on Wednesday on slow farmer sales and lower futures prices.Spot corn basis bids were steady to higher at elevators and ethanol plants and flat to lower at other proces...Reuters
Wed, Dec 3
EXCLUSIVE-More US soybean shipments to China due to load through mid-December
Shipping data shows multiple soybean vessels to load at Gulf Coast terminals for ChinaSoybean shipments follow trade talks between Trump and Xi in South KoreaUSDA has confirmed 2.25 million tons in US soy purchases by China for 2025/26By Karl Plume CHICAGO, Dec 2 (Reuters) - Shipments of U.S. cro...Reuters
Wed, Dec 3
Technical glitch allowed some traders to access US oil market data earlier than others
By Nicole Jao and Shariq KhanNEW YORK, Dec 3 (Reuters) - The U.S. Energy Information Administration published its weekly petroleum status report more than half an hour later than expected on Wednesday due to technical issues, although some traders got access to the data earlier than others.Oil trade...Reuters
Wed, Dec 3
WTI edges higher even as EIA data signals weaker demand
West Texas Intermediate (WTI) edges higher on Wednesday after a brief dip as traders digest the latest US Energy Information Administration (EIA) crude inventory report. At the time of writing, WTI is trading near $59.10, up nearly 1.00% on the day.
Fxstreet
Wed, Dec 3
EU wheat pauses as focus shifts to Algerian tender
PARIS/HAMBURG, Dec 3 (Reuters) - European wheat was little changed on Wednesday as worries over war escalation in the Black Sea subsided and traders assessed initial results from an Algerian import tender.March wheat BL2H6, the most active contract on Paris-based Euronext, was unchanged on the day a...Reuters
Wed, Dec 3
Europe Gasoline/Naphtha-Gasoline crack spreads edge higher despite U.S. stockbuild
LONDON, Dec 3 (Reuters) - Northwest European gasoline refinery profit margins rose by about 32 cents to $16.56 a barrel on Wednesday, even as U.S. stocks rose by more than expected last week, according to the U.S. Energy Information Administration (EIA).About 12,000 metric tons of Eurobob E5 gasolin...Reuters
Wed, Dec 3
Codelco signs agreement with Glencore for Chilean smelter project
SANTIAGO, Dec 3 (Reuters) - Chile's state-run copper producer Codelco COBRE.UL said on Wednesday it has signed a memorandum of understanding with Glencore GLEN.L to increase smelter capacity in Chile, and aims to reach a definitive deal in the first half of next year. The agreement is intended t...Reuters
Wed, Dec 3
Ivanhoe Mines forecasts Kamoa-Kakula 2026 copper output of up to 420,000 tons
LONDON, Dec 3 (Reuters) - Ivanhoe Mines IVN.TO expects copper output at its Kamoa-Kakula complex in the Democratic Republic of Congo to reach 380,000–420,000 metric tons in 2026 and 500,000–540,000 tons in 2027 as its recovery plan advances, the company said on Wednesday. The miner's target ...Reuters
Wed, Dec 3
METALS-Copper hits record high on tighter supply and weaker dollar
By Polina Devitt LONDON, Dec 3 (Reuters) - Copper prices were sent to a record high on Wednesday by a weaker dollar, supply concerns and tighter availability of metal in warehouses registered with the London Metal Exchange.Benchmark LME three-month copper CMCU3 was up 2.9% at $11,465 a metric ton...Reuters
Wed, Dec 3
REUTERS NEXT-Multilateralism works even as US, fossil fuel industry oppose climate action, UN chief says
COP30 summit outcome disappointing but shows multilateralism works, Guterres saysGuterres concerned about missing 1.5 C temperature goal, urges emission reductionsBy Valerie Volcovici Dec 3 (Reuters) - The final outcome of the COP30 climate summit in Brazil last month was "disappointing,"...Reuters
Wed, Dec 3
Venezuela's oil exports surpass 900,000 bpd despite US pressure, data shows
Exports rose 3% from October to third-highest monthly average this yearMore imports of naphtha helped PDVSA offset the effects of an upgrader fireExports to China represented 80% of total, shipments to US roseBy Marianna Parraga Dec 3 (Reuters) - Venezuela's oil exports rose slightly to some ...Reuters
Wed, Dec 3
US FTC says Boeing must divest Spirit AeroSystems assets to proceed with merger
Dec 3 (Reuters) - The U.S. Federal Trade Commission said on Wednesday it would require Boeing BA.N to divest significant Spirit AeroSystems SPR.N assets to resolve competition concerns around its $8.3 billion acquisition of the airline supplier.Reuters
Wed, Dec 3
Britain lifts blanket ban on Spanish pork imports, adopts regional controls
LONDON, Dec 3 (Reuters) - Britain said on Wednesday it would allow pork imports from parts of Spain unaffected by African swine fever (ASF), reversing a blanket ban imposed last week after the country reported its first cases of the disease in more than three decades.The move aligns Britain with the...Reuters
Wed, Dec 3
Glencore cuts next year's copper goal, targets 1.6 million tons by 2035
By Clara Denina and Pratima Desai LONDON, Dec 3 (Reuters) - Glencore GLEN.L cut its 2026 copper production guidance on Wednesday, but said it aims to reach 1.6 million metric tons by 2035 through new and restarted mines and streamlined operations."We're going to spend quite a bit of time ...Reuters
Wed, Dec 3
