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Northern Hemisphere harvests weigh on CBOT wheat
CHICAGO, July 14 (Reuters) - U.S. wheat futures stumbled on Monday as the expanding harvests in the Northern Hemisphere weighed on prices, traders said.The U.S. Department of Agriculture is expected to report the nation's winter wheat harvest is 64% complete in a report due at 3 p.m. CDT (2000 G...Reuters
Mon, Jul 14
ICE canola ends modestly lower after rally fizzles
July 14 (Reuters) - ICE canola futures ended lower on Monday after a choppy trading session, with rallies capped by improving Canadian crop weather, a lack of supportive news and long liquidation by commodity funds, traders said.Benchmark November canola RSX5 settled down 10 cents at $682.60 per met...Reuters
Mon, Jul 14
US Plains HRW Wheat-Basis holds mostly steady as futures ease
CHICAGO, July 14 (Reuters) - Spot basis bids for hard red winter wheat held mostly steady in the southern U.S. Plains on Monday, underpinned by a weakening futures market but capped by ample supplies, grain merchants said. The U.S. winter wheat harvest is expected to be 64% finished as of Sunday, an...Reuters
Mon, Jul 14
Pension fund Previ sells stake in Brazil's BRF ahead of Marfrig deal
SAO PAULO, July 14 (Reuters) - Brazilian pension fund Previ said on Monday it sold its minority stake in Brazilian meat processor BRF BRFS3.SA for 1.9 billion reais ($340.31 million), ending a 31-year investment in the group, according to a statement on its website.Previ, which represents workers fr...Reuters
Mon, Jul 14
Favorable US crop conditions hang over CBOT soybeans
CHICAGO, July 14 (Reuters) - Chicago Board of Trade soybean futures closed slightly lower on Monday as solid U.S. crop conditions hung over the market, traders said.Analysts, on average, expect the U.S. Department of Agriculture to rate 67% of the U.S. soy crop in good-to-excellent condition in a we...Reuters
Mon, Jul 14
Wildfire guts historic Grand Canyon lodge; governor demands probe
By Andrew HayJuly 14 (Reuters) - A wildfire has destroyed a historic lodge and dozens of other structures on the North Rim of the Grand Canyon in Arizona, raising questions over the National Park Service's decision not to aggressively fight the fire straight away.The limestone and timber Grand C...Reuters
Mon, Jul 14
Gold slips despite trade war escalation as Trump is open to talks
Gold price slides some 0.19% on Monday as the trade war escalates despite ongoing meetings with several fronts between the White House and trade partners, which now include the European Union (EU) and Mexico. At the time of writing, the XAU/USD trades at $3,347.
Fxstreet
Mon, Jul 14
Starbucks to shift to four-day work from office from three, says CEO
July 14 (Reuters) - Starbucks SBUX.O CEO Brian Niccol said the coffee giant will require many of its employees to work out of office for a minimum four days a week, from the current three, as part of a new policy expected to kick in later this year.The policy would include common days of work from M...Reuters
Mon, Jul 14
Los Angeles seaport June imports rebound as tariff worries loom over US holiday season
By Lisa BaertleinLOS ANGELES, July 14 (Reuters) - Imports to the busiest U.S. seaport in Los Angeles rebounded strongly in June as retailers moved to stock up on goods for the holiday shopping season amid fears of higher tariffs.The Port of Los Angeles handled 470,450 20-foot equivalent units (TEUs)...Reuters
Mon, Jul 14
US natgas prices jump 5% to 1-week high on hotter weather forecasts, rising LNG exports
Speculators boost net longs to highest levels since AprilNHC sees 30% chance of Gulf of Mexico storm over next weekGas stockpiles seen around 6% over normal levels and growingBy Scott DiSavino July 14 (Reuters) - U.S. natural gas futures jumped about 5% to a one-week high on Monday on forecasts f...Reuters
Mon, Jul 14
Short covering, bargain buying lift CBOT corn from contract lows
CHICAGO, July 14 (Reuters) - Chicago Board of Trade corn futures finished higher on Monday as short covering and bargain buying lifted the market from contract lows, traders said. Favorable U.S. crop weather and expectations for a large harvest limited gains.The U.S. Department of Agriculture is exp...Reuters
Mon, Jul 14
PRECIOUS-Gold eases after hitting three-week high
EU, South Korea seek US trade deals U.S. dollar near three-week highU.S. CPI, PPI due this week By Sarah Qureshi July 14 (Reuters) - Gold prices edged lower after hitting a three-week high on Monday, with attention focused on trade talks and U.S. economic data, while silver climbed to its highest...Reuters
Mon, Jul 14
COLUMN-Crop Watch: Yield threats still possible despite near-ideal season: Braun
By Karen BraunNAPERVILLE, Illinois, July 14 (Reuters) - While the United States appears well on its way to a record corn crop, the top exporter is not completely immune to yield barriers from here, particularly when it comes to temperatures over the next several weeks.However, Crop Watch observation...Reuters
Mon, Jul 14
US Cash Grains-Corn and soybean basis bids mostly steady to weaker
CHICAGO, July 14 (Reuters) - Spot basis bids for corn delivered to U.S. Midwest processors and river terminals were mostly steady to weaker on Monday, while basis bids at soy processing plants were mostly flat to lower.A large soy processor in Decatur, Illinois, cut its spot soybean basis bid by 10 ...Reuters
Mon, Jul 14
ANALYSIS-US rare earth pricing system is poised to challenge China's dominance
Chinese low prices thwarted efforts to shake its dominanceIndustry elsewhere has long campaigned for alternative pricingSole domestic US rare earth miner aims for commercial magnet production late this yearBy Eric Onstad LONDON, July 14 (Reuters) - U.S. efforts to break China's dominance of t...Reuters
Mon, Jul 14
Many US ice cream producers to phase out artificial food dyes by 2028
By Leah Douglas WASHINGTON, July 14 - Dozens of U.S. ice cream producers are planning to remove artificial colors from their products by 2028, the International Dairy Foods Association said on Monday. The producers, which together represent more than 90% of ice cream sold in the U.S., are the lat...Reuters
Mon, Jul 14
Italy's Chianti wine makers eye South America, Asia amid Trump tariff threat
Chianti producers seek EU-backed export strategy for South America, Asia, AfricaTrump's tariff threat prompts Italian wine makers to diversify export marketsSpanish winemakers eye Canada, Latin America amid U.S. trade uncertainty MILAN, July 14 (Reuters) - Producers of Italy's renowned Ch...Reuters
Mon, Jul 14
RPT-US nuclear plant operators sued in class action over worker pay
By Mike Scarcella July 14 (Reuters) - Constellation Energy CEG.O, Duke Energy DUK.N, Pacific Gas & Electric and all other operators of the country’s commercial nuclear power plants have been accused in a new lawsuit of conspiring to suppress pay for thousands of workers since 2003.Two power g...Reuters
Mon, Jul 14
Europe Gasoline/Naphtha-Gasoline profit margins inch up
LONDON, July 14 (Reuters) - Northwest European gasoline profit margins rose by nearly 76 cents on Monday to $14.15. A total of 11,600 tons on Eurobob E5 barges traded, with Trafigura and BP selling to Aramco, Gunvor and MB Energy.An additional 14,000 tons on Eurobob E10 barges also traded with Gunvo...Reuters
Mon, Jul 14
