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EU wheat stuck near lows as traders eye exports
PARIS, Oct 7 (Reuters) - Euronext wheat futures were little changed on Tuesday, remaining near contract lows, with a further fall in the euro countering weakness in Chicago as traders awaited fresh export news.December milling wheat BL2Z5, the most-active position on Paris-based Euronext, settled un...Reuters
Tue, Oct 7
Commonwealth LNG wants more time to build planned export facility in Louisiana
By Curtis Williams HOUSTON, Oct 7 (Reuters) - Commonwealth LNG has asked federal regulators for a four-year extension to construct and begin exporting liquefied natural gas from a proposed export facility in Cameron Parish, Louisiana, a regulatory document shows.In a letter to the Federal Energy ...Reuters
Tue, Oct 7
Trump says the US is working closely with Canada on Golden Dome
WASHINGTON, Oct 7 (Reuters) - President Donald Trump said on Tuesday that the United States is working closely with Canada on a Golden Dome missile defense system.Trump spoke to reporters in the Oval Office during talks with Canadian Prime Minister Mark Carney.Reuters
Tue, Oct 7
Europe Gasoline/Naphtha-Gasoline cracks rise slightly
LONDON, Oct 7 (Reuters) - Northwest European gasoline profit margins rose by about 40 cents to $16.30 a barrel on Tuesday.A total of 3,300 metric tons of Eurobob E5 barges traded as Exxon Mobil sold to TotalEnergies and BP.Another 4,000 tons of E10 barges traded as Shell sold two barges to Exxon Mob...Reuters
Tue, Oct 7
METALS-Copper climbs towards Monday's peak on mine disruptions
By Eric Onstad LONDON, Oct 7 (Reuters) - Copper prices on Tuesday headed back towards the 16-month highs hit in the previous session as worries about continued mine disruptions overshadowed any drag from a stronger dollar.Three-month copper on the London Metal Exchange CMCU3 had gained 0.6% to $1...Reuters
Tue, Oct 7
US natgas output and demand to hit record highs in 2025, EIA says
By Scott DiSavinoOct 7 (Reuters) - U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Tuesday.EIA projected that dry gas production will rise from 103.2 billion cubic feet per day in 2024 to 1...Reuters
Tue, Oct 7
EIA expects bigger US oil output record this year, warns of oversupply
NEW YORK, Oct 7 (Reuters) - U.S. oil production is now expected to hit a larger record of 13.53 million barrels per day this year, up from a prior forecast of 13.44 million bpd, the Energy Information Administration said on Tuesday.The Department of Energy's statistical arm also said it expects ...Reuters
Tue, Oct 7
EU to halve steel import quotas to preserve domestic industry
EU seeks to push plant capacity usage to more viable 80%Tariff-free import quotas to be 47% lower than in 2024EU steel sector welcomes move, UK expresses concernEU open to ring-fencing steel sector with like-minded partnersBy Philip Blenkinsop BRUSSELS, Oct 7 (Reuters) - The European Commission p...Reuters
Tue, Oct 7
Tyson, Cargill to pay $88 million to consumers in beef price-fixing lawsuit
By Mike Scarcella Oct 7 (Reuters) - Tyson Foods TSN.N and Cargill have agreed to pay a combined $87.5 million to settle a federal lawsuit brought by consumers who accused the companies of conspiring to inflate U.S. beef prices by restricting supply.The preliminary class action settlements were fi...Reuters
Tue, Oct 7
Chile mining regulator says investigation into fatal mine collapse will take months
SANTIAGO, Oct 7 (Reuters) - The head of Chile's Sernageomin mining regulator said on Tuesday that the investigation into the fatal mine collapse in El Teniente would likely take months to finalize."Due to the complexity of the accident it's had to determine an exact date," Andres Leo...Reuters
Tue, Oct 7
Trump says he’ll discuss lowering tariffs with Canada’s Mark Carney
WASHINGTON, Oct 7 (Reuters) - U.S. President Donald Trump said on Tuesday that he will discuss lowering tariffs on key Canadian sectors in talks with Canadian Prime Minister Mark Carney, as part of efforts to ease trade tensions between Washington and Ottawa.Reuters
Tue, Oct 7
Chobani urges end to Dannon parent's cold-brew coffee lawsuit
By Jonathan Stempel NEW YORK, Oct 7 (Reuters) - Chobani urged a federal judge to dismiss a lawsuit by Danone, the parent of rival U.S. yogurt brand Dannon, claiming it copied packaging and the "Bright & Mellow" slogan for a competing line of ready-to-drink cold brew coffee.Danone DANO...Reuters
Tue, Oct 7
Funds investing in gold miners bask in record prices
By Patturaja Murugaboopathy Oct 7 (Reuters) - Mutual funds that invest in gold mining firms are leading 2025 performance, overtaking even high-flying AI and tech funds, as investors bet record gold prices will drive strong margins, cashflows and shareholder returns. According to LSEG Lipper d...Reuters
Tue, Oct 7
UK seeks clarification from European Commision on steel quotas impact
LONDON, Oct 7 (Reuters) - Britain said it was seeking urgent clarification on steel import quotas announced by the European Commission on Tuesday.“We will always defend our critical steel industry which is why we are pushing the European Commission for urgent clarification of the impact of this move...Reuters
Tue, Oct 7
EU to halve steel import quotas to revive domestic industry
BRUSSELS, Oct 7 (Reuters) - The European Commission proposed on Tuesday cutting tariff-free steel import quotas by almost half and a 50% duty for excess shipments in a bid to preserve viable steelmaking in the European Union.Due to rising imports and U.S. tariffs, EU steel producers are operating at...Reuters
Tue, Oct 7
Chevron shakes up exploration with new hire from TotalEnergies
By Sheila Dang HOUSTON, Oct 7 (Reuters) - Chevron CVX.N on Tuesday named a new head of global exploration as CEO Mike Wirth works to improve the company's track record in discovering new sources of oil and gas. Kevin McLachlan will become vice president of exploration effective Nov. 1, su...Reuters
Tue, Oct 7
SOFTS-London cocoa hits 1-1/2 year low, coffee also down
LONDON, Oct 7 (Reuters) - London cocoa futures on ICE hit their lowest in more than 1-1/2 years on Tuesday, with supplies boosted by newly harvested crops from West Africa, while demand remained weak. COCOA* London cocoa LCCc2 fell 2.1% to 4,310 pounds per metric ton at 1439 GMT, after hi...Reuters
Tue, Oct 7
StoneX and Expana to launch OTC dairy derivatives
PARIS, Oct 7 (Reuters) - Commodity broker StoneX has partnered with price reporting agency Expana to launch over-the-counter dairy contracts based on Expana's European dairy price benchmarks, the companies said on Tuesday.The initial contracts will cover fat-filled milk powder and high-protein w...Reuters
Tue, Oct 7
