News
Important Only
TECHNICALS-CBOT soybeans may bounce further to $10.20-3/4 to $10.23-3/4 range
For more technical analyses, please click SINGAPORE, July 11 (Reuters) - The CBOT soybean November contract SX25 may bounce further to $10.20-3/4 to $10.23-3/4 range.A wave C from $10.58-1/2 narrowly missed its ultimate target of $9.97-1/2, the 100% projection level. The strong bounce triggered by t...Reuters
Fri, Jul 11
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $65.82 per barrel, down from Thursday’s close at $65.89.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.27 after its previous daily close at $68.29.
Fxstreet
Fri, Jul 11
PRESS DIGEST- New York Times business news - July 11
July 11 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- WK Kellogg KLG.N agreed to be bought by the owner of Ferrero Rocher in a deal worth around $3.1 billion, uniting two of the world...Reuters
Fri, Jul 11
ASIA GOLD-Demand sluggish in Asia as volatile prices weigh on sentiment
Premiums of $10-$25/oz charged in ChinaTariff uncertainty fails to boost gold demand in China this week, trader saysDiscount in India reduces to $8/ozBy Anmol Choubey and Rajendra Jadhav July 11 (Reuters) - Demand for physical gold remained sluggish this week across major Asian markets as price v...Reuters
Fri, Jul 11
Technip Energies Awarded A Large Contract For A Floating LNG Unit In Africa
July 11 (Reuters) - Technip Energies NV TE.PA:AWARDED A LARGE CONTRACT FOR A FLOATING LIQUEFIED NATURAL GAS UNIT IN AFRICACONTRACT EFFECTIVE UNTIL SEPTEMBER 30, 2025LARGE AWARD REPRESENTS €250 MILLION TO €500 MILLION REVENUEORDER INTAKE RECORDED IN PROJECT DELIVERY BACKLOG Q3 2025Reuters
Fri, Jul 11
Silver Price Forecast: XAG/USD flirts with short-term trading range hurdle, above $37.00
Silver (XAG/USD) trades with a positive bias for the second straight day and tests the top end of a multi-week-old range during the Asian session on Friday. The white metal currently trades around the $37.20 region, up 0.40% for the day.
Fxstreet
Fri, Jul 11
Trump puts 35% tariff on Canada, eyes 15%-20% tariffs for others
Carve-outs expected for Canadian energy and fertilizers; USMCA goodsTrump says he may reconsider, depending on fentanyl flowsCarney says will protect Canadian workers and businessMarkets on edge as EU tariff rate awaitedBy Jeff Mason and Ismail Shakil WASHINGTON/OTTAWA, July 10 (Reuters) - U....Reuters
Fri, Jul 11
RPT-HESS : SCOTIABANK RAISES TARGET PRICE TO $155 FROM $146.58
Reuters
Fri, Jul 11
GRAINS-Corn, soybeans set for weekly declines on favourable US weather
Favourable U.S. weather to keep pressure on corn, soybeansChicago wheat futures rise on worries over Russian exportsBy Naveen Thukral SINGAPORE, July 11 (Reuters) - Chicago corn and soybean futures edged higher on Friday but both markets were poised to end the week in negative territory, as near-...Reuters
Fri, Jul 11
Exxon to halt Mars crude purchases until zinc contamination fixed, sources say
By Arathy Somasekhar HOUSTON, July 10 (Reuters) - Oil major Exxon Mobil XOM.N told its trading counterparts that it will not buy the Mars crude oil grade until a zinc contamination issue is fixed, two sources familiar with the matter told Reuters on Thursday. Zinc contamination in the Mars crude ...Reuters
Fri, Jul 11
METALS-Copper prices rangebound as markets digest US tariff news, await clarity
By Hongmei Li SINGAPORE, July 11 (Reuters) - Copper prices on the London Metal Exchange and the Shanghai Futures Exchange were rangebound on Friday, easing from an initial shock of the U.S. announcement of a 50% import tariff effective August 1, as the market awaited further details. Three-mont...Reuters
Fri, Jul 11
Immigration raids on California cannabis nurseries spark protests
ICE, National Guard, raid two licensed marijuana nurseriesGlass House Farms says it has complied with ICE search warrantsCannabis company says ICE also visited its facilities in JuneProtests grow after images of raid spread on social mediaFarm sector has warned deportation could cripple food supplyB...Reuters
Fri, Jul 11
Trump's copper tariffs plan to include semi-finished products, Bloomberg News reports
July 10 (Reuters) - U.S. President Donald Trump's plans to impose 50% tariffs on copper would include semi-finished products such as those used for power grids, the military and data centers, Bloomberg News reported on Thursday, citing people familiar with the matter.Trump on Wednesday announce...Reuters
Fri, Jul 11
PRECIOUS-Gold rises after Trump announces fresh tariffs on Canada, tariff threats to others
July 11 (Reuters) - Gold rose on Friday after U.S. President Donald Trump announced new tariffs on Canadian imports and issued broader tariff threats to other trading partners, though a stronger dollar limited gains as investors assessed the latest trade actions.FUNDAMENTALS* Spot gold XAU= rose 0.3...Reuters
Fri, Jul 11
Oil prices recover slightly but US tariffs, OPEC downgrade weigh
By Colleen Howe BEIJING, July 11 (Reuters) - Oil prices steadied in early trading on Friday following a 2% drop in the previous session that was driven by U.S. President Donald Trump's new tariffs, expected to hurt economic growth, and a cut to OPEC demand forecasts.Brent crude futures LCOc1 ...Reuters
Fri, Jul 11
GRAINS-Corn, soybeans head for weekly drop on favourable US weather
SINGAPORE, July 11 (Reuters) - Chicago corn and soybean futures dropped on Friday, with both contracts poised to end the week in negative territory, as near-ideal weather across the U.S. Midwest raised expectations for ample harvests and robust supplies. Wheat prices retreated after a strong perf...Reuters
Fri, Jul 11
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, July 11 (Reuters) - Contract Target Support/Resistance Brent oil $68.66/$68.32res $68.99/$69.41/$69.70Palm oil (3rd month)4,115/4,096 ringgitres 4,157/4,173/4,195 ringgitWTI* $66.48/$65.89res $67.06/$67.79Spot gold$3,342/$3,357/$3,374sup $3,3...Reuters
Fri, Jul 11
Immigration raids on California cannabis nurseries spark protests
ICE, with national guard, raid two Glass House Farms nurseriesGlass House Farms says it has complied with ICE search warrantsProtests grow after images of raid spread on social mediaEmployees at Glass House Farms says ICE also visited in JuneSector has said farmworker deportation could cripple food ...Reuters
Fri, Jul 11
