News
Important Only
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
Trump tariff on Brazilian goods could jack up US burger price
US companies buy lean beef from Brazil to make hamburger meatTrump's plan for 50% duty would slash imports, analysts sayUS beef production has dropped due to tight cattle supplyBy Tom Polansek CHICAGO, July 10 (Reuters) - U.S. President Donald Trump's plan for a 50% tariff on goods from B...Reuters
Thu, Jul 10
Brazilian oil could find new destinations in the face of Trump's tariffs
By Marta Nogueira RIO DE JANEIRO, July 10 (Reuters) - Brazil has logistical and commercial flexibility to preserve the competitiveness of its oil on the international market if the 50% tariff announced by U.S. President Donald Trump on Wednesday comes into effect on August 1, experts told Reuters...Reuters
Thu, Jul 10
Oil falls amid bearish Trump tariff outlook
Oil trading 2% down from previous closeThreat of 50% tariffs on Brazil, copper cloud growth outlookU.S. held 'frank' talks with Russia on Ukraine peaceOPEC+ set for further unwinding of output cuts in SeptemberBy Erwin Seba HOUSTON, July 10 (Reuters) - Oil prices fell more than 2% on Thur...Reuters
Thu, Jul 10
Tennessee Gas Pipeline Declares Force Majeure At STA 110 Near Morehead, Kentucky, Effective July 12
July 10 (Reuters) - KINDER MORGAN'S KMI.N TENNESSEE GAS PIPE LINE:DECLARES FORCE MAJEURE AT STATION 110 NEAR MOREHEAD, KENTUCKY, EFFECTIVE JULY 12SAYS TENNESSEE IS ESTIMATING CURRENT IMPACT TO BE UP TO 670,000 DTHSReuters
Thu, Jul 10
US Cash Grains-Corn basis mixed, soybean basis steady to higher
CHICAGO, July 10 (Reuters) - Spot basis bids for corn were steady to mixed in a spot check of elevators, processors and river terminals in the U.S. Midwest on Thursday, while soybean bids were mostly steady to higher at processors and river terminals. The corn basis improved at a processor in Decatu...Reuters
Thu, Jul 10
CBOT wheat firms on Russia supply snags; USDA data awaited
CHICAGO, July 10 (Reuters) - Chicago Board of Trade wheat futures rose 1.4% on Thursday, buoyed by export delays in top global supplier Russia and short-covering one day ahead of monthly supply-demand reports due from the U.S. Department of Agriculture, traders said.CBOT September soft red winter wh...Reuters
Thu, Jul 10
Exxonmobil Reports Flaring At Baytown, Texas Refinery
July 10 (Reuters) - Exxon Mobil XOM.N:REPORTS EMISSIONS EVENT ON JULY 9 AT BAYTOWN REFINERY, TEXASREPORTS INTERRUPTION OF MAKE-UP WATER TO FLARE SEAL DRUM AND SAFE UTILIZATION OF FLARE SYSTEMREPORTS FENCELINE MONITORING CONDUCTED BY CO AS PRECAUTIONARY MEASURE INDICATES NO ADVERSE ENVIRONMENTAL IMPA...Reuters
Thu, Jul 10
Brazil to explore new agricultural markets after Trump tariff announcement
SAO PAULO, July 10 (Reuters) - Brazil's Agriculture Minister Carlos Favaro said on Thursday his country will look to expand markets and reduce trade barriers, after U.S. President Donald Trump announced a 50% tariff on imports from Latin America's largest economy.In a statement, Favaro said ...Reuters
Thu, Jul 10
CBOT corn ends steady-firm on export demand; USDA monthly data awaited
CHICAGO, July 10 (Reuters) - Chicago Board of Trade corn futures ended mostly steady to firmer on Thursday on strong weekly U.S. export data and short-covering ahead of monthly supply/demand reports due on Friday, but near-ideal crop weather bolstered crop prospects, capping rallies, traders said.CB...Reuters
Thu, Jul 10
EXCLUSIVE-Mali military helicopter airlifts gold from Barrick-owned Loulo-Gounkoto
By Portia Crowe and Divya Rajagopal DAKAR/TORONTO, July 10 (Reuters) - A Malian military helicopter airlifted gold from the Barrick-owned Loulo-Gounkoto complex on Thursday, three sources said, days after Reuters reported that a court-appointed administrator planned to sell the site's bullion...Reuters
Thu, Jul 10
ICE canola futures stabilize after recent decline
WINNIPEG, Manitoba, July 10 (Reuters) - ICE canola futures moved little in Thursday's session, following days of significant moves.• November canola RSX5 settled up $4.10 at $685.10 per metric ton. Gains were progressively higher in further out contract months. • Analysts say the growing glut of...Reuters
Thu, Jul 10
MP Materials seals mega rare-earths deal with US to break China's grip
US Defense Dept to become MP Materials' biggest shareholderDeal will boost US output of rare earths, loosen China's dominanceDefense Dept will also guarantee a floor price for key rare earthsFloor price will be twice current Chinese market priceMP Materials' shares surge nearly 50% on ne...Reuters
Thu, Jul 10
Trump copper tariffs could help Antofagasta's stalled US project, CEO says
By Fabian Cambero SANTIAGO, July 10 (Reuters) - Chilean copper miner Antofagasta ANTO.L sees opportunity for its stalled copper project in the U.S. following President Donald Trump's move to impose 50% import tariffs on the metal, CEO Ivan Arriagada said on Thursday.London-listed Antofagasta ...Reuters
Thu, Jul 10
CBOT soybeans end higher in rebound from 3-month lows
CHICAGO, July 10 (Reuters) - Chicago Board of Trade soybean futures closed higher on Thursday, rebounding from three-month lows near $10 a bushel as traders squared positions ahead of monthly U.S. crop supply/demand reports due Friday, while favorable Midwest weather capped rallies, brokers said.CBO...Reuters
Thu, Jul 10
List of missing in Texas floods adds uncertainty to search for survivors
Thousands of searchers comb Texas Hill Country for survivorsFloods claim at least 120 victims, including dozens of childrenOfficials face questions about early warningsBy Jane Ross, Rich McKay KERRVILLE, Texas, July 10 (Reuters) - Six days after flash floods swept through parts of Texas Hill Coun...Reuters
Thu, Jul 10
Tokio Marine GX names Litterick head of renewables
By Chris MunroJuly 10 - (The Insurer) - Newly launched Tokio Marine GX (TMGX) has named Oliver Litterick as head of renewables, an appointment that seems him move across from sister company GCube.As reported by Sustainable Insurer in May, Tokio Marine launched TMGX as it looks to cement a foothold i...Reuters
Thu, Jul 10
US natgas prices climb 4% on small storage build, rising LNG export flows
Gas stockpiles 6% more than normal levelsOutput on track for record high in JulyLNG export feedgas rising toward April monthly recordBy Scott DiSavino July 10 (Reuters) - U.S. natural gas futures climbed about 4% on Thursday on a smaller-than-expected storage build, rising gas flows to liquefied ...Reuters
Thu, Jul 10
