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US copper bounces after Trump sets a tariff date, but below peak
LONDON, July 10 (Reuters) - U.S. copper prices rebounded on Thursday after President Donald Trump said a 50% tariff would be imposed from August 1, but held below their record peak due to a glut of metal already in the United States and uncertainty over details.Reuters
Fri, Jul 11
WTI tumbles below $66.00 amid ongoing trade jitters
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.75 during the early Asian trading hours on Friday. The WTI price tumbles amid concerns about a supply hike for August by OPEC+, a surprise increase in US crude inventories, and intensifying US tariff pressures.
Fxstreet
Fri, Jul 11
Tesla has not yet applied for robotaxi permits in California, state regulators say
Tesla needs to apply for driverless testing, deployment permits in CaliforniaCompany seeks to test robotaxis in PhoenixRobotaxi growth key for Tesla as EV sales slumpBy Abhirup Roy July 10 (Reuters) - Tesla TSLA.O has yet to apply for regulatory permits it needs to operate driverless taxis in Cal...Reuters
Fri, Jul 11
CIF/FOB Gulf Grain-Soybean barge bids; export premiums firm on tepid farmer grain sales
CHICAGO, July 10 (Reuters) - Basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals firmed on Thursday, while export premiums rose from last week as a setback in Chicago Board of Trade futures prices this week slowed farmer grain sales, traders said.CIF soybean barges loaded in July...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
Thu, Jul 10
US probes Minnesota, George Mason University over DEI, hiring practises
US Education Dept probing GMU, DOJ probing MinnesotaTrump has attempted to crackdown on DEIHis government has made funding threats over several issuesBy Kanishka Singh WASHINGTON, July 10 (Reuters) - The U.S. government on Thursday announced probes into hiring practices and diversity, equity and ...Reuters
Thu, Jul 10
Canadian industry likely harmed by dumped steel strapping from China, three others, tribunal finds
OTTAWA, July 10 (Reuters) - The Canadian International Trade Tribunal has determined there is reasonable indications China, South Korea, Turkey and Vietnam have dumped steel strapping, harming Canada's domestic industry, the tribunal said on Thursday.The tribunal, an independent quasi-judicial b...Reuters
Thu, Jul 10
Trump's Brazil tariff rattles coffee market, could raise prices in US
US raises Brazil's tariffs to 50% from 10% on August 150% tariff would halt Brazil's coffee flow to US - trade sourcesBrazil is world's largest coffee grower, US the top consumerA third of the coffee used in the US comes from BrazilBy Marcelo Teixeira and May Angel NEW YORK, July 10 (...Reuters
Thu, Jul 10
US Cash Grains-Corn and soybean bids mostly steady
CHICAGO, July 10 (Reuters) - Spot basis bids for corn and soybeans were mostly flat in the U.S. Midwest on Thursday as futures bounced back from earlier lows. The corn basis fell at a river terminal in Morris, Illinois. The wheat basis fell at a processor in the Chicago area. The basis was unchanged...Reuters
Thu, Jul 10
LIVESTOCK-CME cattle set contract highs after US blocks Mexican cattle
By Tom Polansek CHICAGO, July 10 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures hit contract highs on Thursday after the U.S. Department of Agriculture again halted livestock imports from Mexico over the spread of the devastating New World screwworm pest.Mexico repo...Reuters
Thu, Jul 10
CANADA-CRUDE-Discount on Western Canada Select narrows to $10 a barrel
July 10 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 narrowed on Thursday to its tightest discount this month.WCS for August delivery in Hardisty, Alberta, settled at $10 a barrel under the U.S. benchmark WTI, according to bro...Reuters
Thu, Jul 10
FACTBOX-How a 50% US tariff rate could affect Brazilian exports
By Roberto Samora SAO PAULO, July 10 (Reuters) - U.S. President Donald Trump said he plans to impose 50% tariffs on all products from Brazil starting August 1, which could have a sharp impact on South America's agricultural powerhouse.The U.S. is the second biggest destination for Brazil'...Reuters
Thu, Jul 10
US Plains HRW Wheat-Basis flat with trade quiet
CHICAGO, July 10 (Reuters) - Spot basis bids for hard red winter wheat were steady in a spot check of locations on the U.S. Plains on Thursday in a day of quiet trade, according to dealers.The U.S. Department of Agriculture reported export sales of U.S. 2025/26 wheat in the week ended July 3 at 567,...Reuters
Thu, Jul 10
Canada's Hudbay Minerals suspends Snow Lake operations due to wildfire
July 10 (Reuters) - Canadian copper miner Hudbay Minerals HBM.TO said on Thursday it has temporarily suspended operations in Snow Lake due to a wildfire in Northern Manitoba.Some exploration work near Snow Lake has also been paused, the company said.The miner has secured all assets and left a limite...Reuters
Thu, Jul 10
US Cash Crude-Grades rise as WTI/Brent spread widens
July 10 (Reuters) - Grades broadly rose on Thursday, dealers said, as U.S. crude's discount to the international benchmark Brent widened for the third consecutive session.A wider spread between WTI and Brent encourages foreign buying of U.S. crude. U.S. crude futures' discount to Brent widen...Reuters
Thu, Jul 10
GRAINS-Wheat futures rise on supply snags in top-exporter Russia
CBOT wheat up as tight supply pushes up Russian pricesCorn, soy edge down to hold near multi-month lowsFavorable U.S. crop weather looms over grain marketsBy Tom Polansek CHICAGO, July 10 (Reuters) - U.S. wheat futures closed higher on Thursday on concerns over the limited availability of supplie...Reuters
Thu, Jul 10
Kinder Morgan's Tennessee Gas declares force majeure at Kentucky station
July 10 (Reuters) - Kinder Morgan's KMI.N Tennessee Gas Pipeline Co declared force majeure at station 110 near Morehead, Kentucky, due to equipment issues that require immediate repairs, the company said in a notice on Thursday.The declared force majeure will take effect on July 12 and continue ...Reuters
Thu, Jul 10
Russia seizes $50 billion in assets as economy shifts during war in Ukraine, research shows
'Fortress Russia' uses host of mechanisms to take major assets Some foreign businesses snared by confrontation with WestSome domestic businesses also face nationalisation, report saysRussia says it has weathered Western attempt to sink its economy By Guy Faulconbridge MOSCOW, July 9 (Reu...Reuters
Thu, Jul 10
