News
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Goldman Sachs lifts average H1 2026 LME copper price forecast to $10,710/t
Dec 3 (Reuters) - Goldman Sachs on Wednesday lifted its average LME copper price forecast for the first half of 2026 to $10,710 per metric ton, up from $10,415/t earlier."Copper is our 'favourite' industrial metal as constrained mine supply growth and structural demand growth from grid &...Reuters
Wed, Dec 3
Brazil's 2025 chicken exports to rise despite bird flu trade bans
By Ana ManoSAO PAULO, Dec 3 (Reuters) - Brazilian chicken exports are expected to rise up to 0.5% this year to 5.32 million metric tons, meat lobby ABPA said on Wednesday, after exporters avoided trade bans triggered by a bird flu outbreak in May, including from key buyers China, Japan and the Europ...Reuters
Wed, Dec 3
Multilateralism still works even as US and oil industry abandon climate action, UN chief says
Dec 3 (Reuters) - The final outcome of the COP30 climate summit in Brazil last month was "disappointing," but showed that multilateralism still works in the absence of the United States and strained geopolitical tensions, UN Secretary General Antonio Guterres told the Reuters Next conference...Reuters
Wed, Dec 3
UBS Expects Brent Crude Oil To Trade Around $65/bbl At mid-2026
Dec 3 (Reuters) - UBS:EXPECTS CRUDE OIL PRICES TO START RECOVERING IN THE SECOND QUARTER OF 2026SAYS BASE CASE IS FOR BRENT TO TRADE AT AROUND $65/BBL AT MID-2026 AND $67/BBL AT THE END OF 2026 FORECASTS WEST TEXAS INTERMEDIATE (WTI) AT A $3/BBL DISCOUNT TO BRENTReuters
Wed, Dec 3
Bofa Sees TTF Gas Prices Averaging 27Eur/Mwh In 2026
Dec 3 (Reuters) - BANK OF AMERICA (BofA):SAYS TTF GAS PRICES SHOULD AVERAGE €27/MWH NEXT YEAR AND POSSIBLY FALL BELOW €25/MWHSAYS IF UKRAINE PEACE DEAL EMERGES TTF GAS PRICES COULD FALL FURTHER BELOW €20/MWHSAYS IT EXPECTS GAS AND POWER HUNGRY EUROPEAN DEFENSE AND DATA CENTER INDUSTRY TO PICK UP STE...Reuters
Wed, Dec 3
CBOT Trends-Wheat steady-down 3 cents, corn down 1-3 cents, soybeans mixed
CHICAGO, Dec 3 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Wednesday. WHEAT - Steady to down 3 cents per bushelWheat lower in a profit-taking and technical selling pullback after risi...Reuters
Wed, Dec 3
GRAINS-Wheat eases after gains driven by Black Sea jitters
PARIS/BEIJING, Dec 3 (Reuters) - Chicago wheat futures edged down on Wednesday after the previous day's rally as traders watched to see if military escalation in the Black Sea would affect grain trade.Soybean futures steadied after a two-day drop as the market continued to assess Chinese demand ...Reuters
Wed, Dec 3
Spain plans wild boar cull to curb population after swine fever outbreak
Catalan leader says 'too many' wild boar in the regionHunting associations asked for support China, Britain have agreed to continue taking some pork exportsBARCELONA/MADRID, Dec 3 (Reuters) - Spain's Catalonia region has pledged to curb its wild boar population, including by ramping up c...Reuters
Wed, Dec 3
PRESS DIGEST-Canada - Dec 3
Dec 3 - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAILCanada's federal government rejected an industry request for payouts to the country's softwood producers on th...Reuters
Wed, Dec 3
Enbridge forecasts higher 2026 core profit on robust demand, new projects
Dec 3 (Reuters) - Enbridge ENB.TO on Wednesday forecast higher core profit for 2026, as the Canadian pipeline operator expects to benefit from strong demand and new projects entering service. The company is pushing ahead with expanding its pipelines as U.S. power demand is expected to hit record ...Reuters
Wed, Dec 3
SOFTS-Robusta coffee prices edge up, sugar also higher
LONDON, Dec 3 (Reuters) - Robusta coffee futures rose on Wednesday as the focus remained on whether recent storms and flooding in top robusta producer Vietnam has dented the harvest outlook.COFFEERobusta coffee LRCc1 gained 0.5% to $4,371 a metric ton at 1302 GMT. Dealers said storms had delayed the...Reuters
Wed, Dec 3
Brazil 2025 chicken exports to rise despite bird flu trade bans
SAO PAULO, Dec 3 (Reuters) - Brazilian chicken exports are expected to rise up to 0.5% this year to 5.32 million metric tons, meat lobby ABPA said on Wednesday, after exporters avoided trade bans triggered by a bird flu outbreak in May, including from key buyers China and the European Union.In Augus...Reuters
Wed, Dec 3
Trulieve Cannabis Corp - Texas Department Of Public Safety Granted Trulieve Tx
Dec 3 (Reuters) - Trulieve Cannabis Corp TRUL.CD:TRULIEVE CANNABIS CORP - TEXAS DEPARTMENT OF PUBLIC SAFETY GRANTED TRULIEVE TX, INC. CONDITIONAL APPROVAL FOR DISPENSING ORGANIZATION LICENSETRULIEVE CANNABIS CORP - LICENSE ALLOWS CO TO CULTIVATE, MANUFACTURE, AND DISTRIBUTE HIGH QUALITY MEDICAL CANN...Reuters
Wed, Dec 3
Glencore Says About 1000 Roles Eliminated In The New Devolved Operating Structure
Dec 3 (Reuters) - Glencore PLC GLEN.L:GLENCORE - TARGETING SAVINGS ACROSS HEADCOUNT, ENERGY, CONSUMABLES, CONTRACTORS, MAINTENANCE AND ADMINISTRATIVE FUNCTIONS - PRESENTATIONGLENCORE - COST SAVING INITIATIVES EXPECTED TO BE FULLY DELIVERED BY END OF 2026, WITH OVER 50% ALREADY LOCKED IN FOR 2025GLE...Reuters
Wed, Dec 3
CORRECTED-Enbridge forecasts higher 2026 core profit
Dec 3 (Reuters) - Enbridge ENB.TO on Wednesday forecast higher core profit for 2026, as the Canadian pipeline operator expects stronger demand boosting volumes. The company expects adjusted core profit of C$20.2 billion to C$20.8 billion in the next year, higher than 2025 expectations of C$19.4 bill...Reuters
Wed, Dec 3
Gold holds steady ahead of key US data releases
Gold (XAU/USD) trades slightly softer on Wednesday as investors adopt a cautious stance ahead of the upcoming US economic data releases due later in the day. At the time of writing, XAU/USD is consolidating around the $4,200 psychological mark after easing from an intraday high near $4,228.
Fxstreet
Wed, Dec 3
Brazil's Lula expects more US tariff cuts after call with Trump
SAO PAULO, Dec 3 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Wednesday he expects U.S. counterpart Donald Trump to further cut tariffs on Brazilian products soon, following a phone call between the two leaders on Tuesday.Trump last month removed additional tariffs on several Br...Reuters
Wed, Dec 3
Sri Lankans sift mud to unearth victims four days after deadly cyclone
Cyclone death toll climbs to 474, over 350 still missingPeople dig through mud to retrieve bodies of friends, relativesShop owners assess damages as they clear out slush left by floods, landslides By Uditha Jayasinghe MAWATHURA, Sri Lanka, Dec 3 (Reuters) - Villagers in Sri Lanka used spades on W...Reuters
Wed, Dec 3
Turkey discusses Black Sea safety with NATO after attacks on Russian ships
ANKARA, Dec 3 (Reuters) - Turkish Foreign Minister Hakan Fidan and NATO Secretary General Mark Rutte discussed Black Sea safety on Wednesday, a Turkish Foreign Ministry source said, after Ankara expressed alarm at attacks on Russia-linked tankers, some claimed by Ukraine.Ankara, a NATO member that h...Reuters
Wed, Dec 3
No need for significant Dated Brent changes, Platts says
By Robert Harvey and Seher DareenLONDON, Dec 3 (Reuters) - The Dated Brent global physical crude oil benchmark is working well, with no need for significant methodology changes, S&P Global Energy Platts said at a briefing in London on Wednesday.Dated Brent, the most significant physical oil benc...Reuters
Wed, Dec 3
