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PRECIOUS-Gold heads for fourth straight monthly gain; silver hits fresh record high
Silver hits record high of $56.78 per ounceCME trading halt affects foreign exchange, commodities, equity futuresAll precious metals headed for weekly, monthly gainsBy Pablo Sinha Nov 28 (Reuters) - Spot gold rose 1% to a two-week high on Friday, as expectations that the U.S. Federal Reserve wil...Reuters
Fri, Nov 28
Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming OPEC+ meeting
CME system resumes trading after outageBrent, WTI in longest monthly losing streaks since 2023US crude production hit monthly high in September, EIA says By Georgina McCartney HOUSTON, Nov 28 (Reuters) - Crude futures fell marginally on Friday as investors considered oil's geopolitical risk p...Reuters
Fri, Nov 28
US natural gas futures set for third straight monthly gain on cold weather outlook
By Noel John Nov 28 (Reuters) - U.S. natural gas futures climbed more than 6% on Friday to a near nine-month high, and were poised for a third straight monthly gain, driven by forecasts for colder weather and higher demand, while a bigger-than-expected storage withdrawal data this week provided s...Reuters
Fri, Nov 28
SOFTS-Cocoa prices extend rally off nearly two-year lows
NEW YORK, Nov 28 (Reuters) - Cocoa prices traded on the ICE exchange surged on Friday, extending its rally off this week's two-year lows on the view that bearish news is priced in for now and technical signals point to oversold conditions. COCOA London cocoa LCCc2 settled up 1...Reuters
Fri, Nov 28
LIVESTOCK-Chicago cattle futures climb on post-Thanksgiving trade
CHICAGO, Nov 28 (Reuters) - Chicago Mercantile Exchange's live and feeder cattle futures ticked up on Friday in a day of abbreviated post-holiday trade.Feeder cattle futures recovered late in the week from limit-down losses on Monday, rebounding after a string of negative headlines. CME February...Reuters
Fri, Nov 28
CBOT wheat futures edge down on a day of light trade
CHICAGO, Nov 28 (Reuters) - Chicago Board of Trade wheat futures ended lower on a day of light trade after the U.S. Thanksgiving holiday. CBOT March soft red winter wheat WH26 settled down 2 cents to close at $5.38-1/2 per bushel.K.C. March hard red winter wheat KWH26 ended down 2-1/2 cents at $5.27...Reuters
Fri, Nov 28
CBOT soybeans rise on export demand
CHICAGO, Nov 28 (Reuters) - Chicago Board of Trade soybean futures climbed on Friday on buying from China during a day of light trade after the U.S. Thanksgiving holidayCBOT January soybeans SF26 closed 6-1/4 cents higher at $11.37-3/4 per bushel.CBOT January soymeal SMF26 settled $1.70 lower at $31...Reuters
Fri, Nov 28
Gold firm above $4,200 on broad dovish repricing for December
Gold (XAU/USD) rises over 1% on Friday amid a scarce economic docket, but traders are pricing further easing by the Federal Reserve (Fed) at the next meeting, pushing the non-yielding metal past the $4,200 mark for the first time in the last ten days.
Fxstreet
Fri, Nov 28
Chicago corn futures climb on export buys
CHICAGO, Nov 28 (Reuters) - Chicago Board of Trade corn futures ticked up on the Friday after the U.S. Thanksgiving holiday on export demand, in a day of light post-holiday trade. CBOT March corn CH26 settled up 2-1/2 cents at $4.47-3/4 per bushel. The USDA earlier reported U.S. corn export sales we...Reuters
Fri, Nov 28
PRECIOUS-Gold heads for fourth straight monthly gain; silver hits fresh record high
Silver hits record high of $56.52 per ounceCME trading halt affects foreign exchange, commodities, equity futuresAll precious metals headed for weekly, monthly gainsBy Pablo Sinha Nov 28 (Reuters) - Spot gold rose 1% to a two-week high on Friday, as expectations that the U.S. Federal Reserve wil...Reuters
Fri, Nov 28
CIF/FOB Gulf Grain-Soy barge bids flat-up, USDA confirms Chinese buying
CHICAGO, Nov 28 (Reuters) - Basis bids for soybeans shipped by barge to the U.S. Gulf Coast were steady to higher as the U.S. Department of Agriculture confirmed that China bought more American supplies on Friday, traders said.Exporters sold 312,000 metric tons of U.S. soybeans to China, the U.S. De...Reuters
Fri, Nov 28
US oil production rose to record high in September, EIA data shows
NEW YORK, Nov 28 (Reuters) - U.S. oil production rose to a record high in September, data from the Energy Information Administration (EIA) on Friday showed, despite oversupply worries.Oil production in the U.S. has continued to hit record highs this year despite a weak price environment, further wei...Reuters
Fri, Nov 28
BP Olympic Pipeline begins restart process after completing repairs
By Nicole Jao NEW YORK, Nov 28 (Reuters) - BP BP.L said on Friday it had begun restarting the 400-mile Olympic Pipeline after completing repairs on a leak east of Everett, Washington.The Olympic Pipeline moves refined petroleum products including gasoline, diesel and jet fuel from northern Washin...Reuters
Fri, Nov 28
GRAINS-Corn futures set June high on US export demand
By Tom Polansek CHICAGO, Nov 28 (Reuters) - Chicago Board of Trade corn futures reached their highest level since early June on Friday on U.S. export demand, while soybean futures also rose.In a daily reporting system, the U.S. Department of Agriculture said exporters sold 273,988 metric tons of ...Reuters
Fri, Nov 28
BP Olympic Pipeline begins restart process after completing repairs
NEW YORK, Nov 28 (Reuters) - BP's BP.L Olympic Pipeline began the restart process on Friday after completing repairs on a leak, the company said.BP initiated restart procedures on the 20-inch pipeline on Friday following a successful leak test, the company said.Reuters
Fri, Nov 28
CORRECTED-EXCLUSIVE-MSC, BlackRock bid for Hutchison's Barcelona terminal faces EU probe, source says
EU to launch full-scale probe into Spanish deal, source saysEuropean Commission could demand concessions for approvalBy Foo Yun Chee BRUSSELS, Nov 27 (Reuters) - BlackRock and MSC's bid for CK Hutchison's 0001.HK terminal at Barcelona port faces a hurdle with EU antitrust regulators set t...Reuters
Fri, Nov 28
EU wheat slips to contract lows as bumper Argentine crop weighs
PARIS, Nov 28 (Reuters) - Euronext wheat fell on Friday to contract lows as another increased forecast for Argentina's harvest underscored tough export competition.March wheat BL2H6, the most active contract on Paris-based Euronext, settled down 1.3% at 188.00 euros ($218.04) a metric ton.It ear...Reuters
Fri, Nov 28
Europe Gasoline/Naphtha-Gasoline crack spreads narrow
LONDON, Nov 28 (Reuters) - Northwest European gasoline refinery profit margins fell slightly to close the week.A total of 6,000 metric tons of Eurobob E5 gasoline barges traded, which TotalEnergies and ExxonMobil sold to Varo and Sahara.An additional 4,000 tons of Eurobob E10 gasoline barges traded ...Reuters
Fri, Nov 28
METALS-Copper scales record peak on supply tightness, softer dollar
Nov 28 (Reuters) - Copper powered to a record high above $11,200 a metric ton on Friday, as supply of the metal outside the United States tightened and a weaker dollar fuelled the rally further.Benchmark three-month copper CMCU3 on the London Metal Exchange rose as much as 2.5% to $11,210.50, surpas...Reuters
Fri, Nov 28
WTI Crude Oil rises amid Russia-Ukraine peace efforts, OPEC+ meeting focus
West Texas Intermediate (WTI) US Oil trades around $59.30 on Friday at the time of writing, posting a 0.50% daily gain as investors adopt a cautious stance while monitoring ongoing efforts toward a Russia-Ukraine peace agreement.
Fxstreet
Fri, Nov 28
