News
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PRECIOUS-Gold falls as traders await tariff updates
Traders stick to bets on September Fed rate cutSilver lingers near 14-year peakBy Sarah Qureshi July 15 (Reuters) - Gold prices fell on Tuesday as market participants awaited tariff updates, while an inflation report showed a widely expected increase in U.S. consumer prices last month. Spot go...Reuters
Tue, Jul 15
Miners lift blockades along Peru's key copper route, protest leader says
By Marco Aquino LIMA, July 15 (Reuters) - Miners in Peru who have been allowed to operate with temporary permits have paused protests that blocked a major copper transit route for more than two weeks, one of the protest leaders, Luis Huaman, told Reuters on Tuesday. He said they planned...Reuters
Tue, Jul 15
EU fails to win Slovakia's backing for new Russia sanctions
Slovakia's Fico says ready to negotiate guaranteesEU foreign policy chief says ball in Slovakia's courtBy Kate Abnett and Jan LopatkaBRUSSELS/PRAGUE, July 15 (Reuters) - The European Union failed to approve a new package of sanctions against Russia on Tuesday, as Slovakia demanded more guara...Reuters
Tue, Jul 15
Euronext wheat rallies as euro falls, Algeria buys
PARIS, July 15 (Reuters) - Euronext wheat rose on Tuesday, led by gains in front-month futures as a drop in the euro and news of an import purchase by Algeria encouraged short-covering after recent contract lows.September wheat BL2U5 on Euronext settled 1.5% up at 200.25 euros ($232.31) a metric ton...Reuters
Tue, Jul 15
US Cash Grains-Corn basis mostly steady to firm at processors, interior elevators
CHICAGO, July 15 (Reuters) - Spot basis bids for corn delivered to U.S. Midwest processors and interior elevators were mostly steady to firm on Tuesday after a drop in futures prices shut off farmer sales, while bids at river terminals were flat to lower.Chicago Board of Trade corn futures notched c...Reuters
Tue, Jul 15
GRAINS-Corn futures edge up, soybeans sag on improving US crop ratings
By Tom Polansek CHICAGO, July 15 (Reuters) - Chicago Board of Trade corn futures extended modest gains on Tuesday as short covering and bargain buying continued to support a rebound from contract lows reached during the previous session.Soybean futures stumbled under pressure from improving U.S. ...Reuters
Tue, Jul 15
Ex-Pioneer CEO cannot challenge order barring him from Exxon board, FTC says
July 15 (Reuters) - Scott Sheffield, the founder and former CEO of Pioneer Natural Resources, cannot directly challenge a Biden-era order barring him from ExxonMobil's XOM.N board after its acquisition of Pioneer, the Federal Trade Commission said on Tuesday, while adding it would revisit the or...Reuters
Tue, Jul 15
Citi upgrades its 0-3 month forecast for platinum, palladium and silver
July 15 (Reuters) - Citi raised its 0–3 month price targets for platinum group metals (PGM) and silver, the bank said in a note on Tuesday. It lifted platinum to $1,250 per ounce and palladium to $1,050 per ounce, citing stronger China jewelry fabrication, investment demand and the risk of physical ...Reuters
Tue, Jul 15
Four injured after fire at Chevron Pascagoula, Mississippi refinery
July 15 (Reuters) - Four contract workers were injured after a fire at Chevron's CVX.N 356,440 barrels-per-day (bpd) Pascagoula, Mississippi refinery on Monday, the company said in an email statement. An incident at the refinery’s wastewater treatment area led to the fire, a Chevron spokesperson...Reuters
Tue, Jul 15
Europe Gasoline/Naphtha-Gasoline profit margins rise further
LONDON, July 15 (Reuters) - Northwest European gasoline profit margins climbed by 67 cents on Tuesday to $14.82 a barrel supported by firm summer demand. A total of 9,000 metric tons of Eurobob E5 gasoline barges traded, as BP and Exxon Mobil sold to Gunvor, Aramco, Varo and BMV.Shell and BP sold th...Reuters
Tue, Jul 15
Cause Of Fire Incident At Pascagoula Refinery Is Being Investigated, Chevron Says
July 15 (Reuters) - CHEVRON CVX.N:SAYS JULY 14 INCIDENT AT PASCAGOULA REFINERY'S C}RO7309413870 WASTEWATER TREATMENT AREA RESULTED IN FIRE AND FOUR CONTRACT WORKERS BEING INJURED REFINERYSAYS FIRE AT PASCAGOULA REFINERY WAS QUICKLY EXTINGUISHEDSAYS CAUSE OF FIRE INCIDENT AT PASCAGOULA REFINERY ...Reuters
Tue, Jul 15
Euronext wheat rallies as euro falls, Algeria buys
PARIS, July 15 (Reuters) - Euronext wheat rose on Tuesday, led by gains in front-month futures as a drop in the euro and news of an import purchase by Algeria encouraged short-covering after recent contract lows.September wheat BL2U5 on Euronext was up 1.9% at 201.00 euros ($233.52) a metric ton by ...Reuters
Tue, Jul 15
Ivory Coast 2025 cashew output could hit record 1.5 million tons, regulator says
By Loucoumane Coulibaly and Ange Aboa ABIDJAN, July 15 (Reuters) - Ivory Coast's cashew output could reach a record 1.5 million metric tons in 2025, helped by the West African country's increased fight against smuggling, the head of the regulator said on Tuesday.The world's top cashew...Reuters
Tue, Jul 15
METALS-Copper edges up after China's strong industrial production
Availability of copper in the LME system rises Discount for LME cash copper versus 3-month contract widensBy Polina Devitt LONDON, July 15 (Reuters) - Copper prices edged up on Tuesday as support from strong industrial production data in top metals consumer China offset rising available inventori...Reuters
Tue, Jul 15
New Brazil beef shipments to US under analysis by meatpackers, industry group says
SAO PAULO, July 15 (Reuters) - Brazilian meatpackers are weighing whether to make new shipments of beef products to the United States after President Donald Trump announced a 50% tariff on Brazil last week, Roberto Perosa, president of Brazilian beef lobby ABIEC, told Reuters on Tuesday.Reuters
Tue, Jul 15
Informal miners lift blockades along Peru's key copper route, protest leader says
LIMA, July 15 (Reuters) - Informal miners in Peru have paused their more-than-two-week-long protest that blocked a major copper transit route, one of the protest leaders, Luis Huaman, told Reuters on Tuesday. He said they planned to suspend the protest at least through Friday, while continuing to pr...Reuters
Tue, Jul 15
Four injured after fire at Chevron Pascagoula, Mississippi refinery, local media reports
July 15 (Reuters) - Four workers were injured after a fire at Chevron's 356,440 barrels-per-day (bpd) Pascagoula, Mississippi refinery on Monday, a local media reported on Tuesday. An incident at the refinery’s wastewater treatment led to the fire, the report added, citing a company spokesperson...Reuters
Tue, Jul 15
EXCLUSIVE-Putin, unfazed by Trump, will fight on and could take more of Ukraine
Putin will fight on until West engages with his terms, sources say Putin's appetite for territory may increase as Russia advances, sources sayTrump on Monday promised arms to Ukraine, threatened sanctions on RussiaSources close to Kremlin say economic pressure will not force Putin to change cour...Reuters
Tue, Jul 15
