News
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US Cash Grains-Soy, corn basis steady-firmer at processing sites
CHICAGO, Oct 15 (Reuters) - Basis bids for corn and soybeans were mostly steady to firmer at processing sites in the U.S. Midwest on Wednesday as the harvest of both crops progressed despite light scattered rain delays, spot checks showed.The soybean basis improved by a nickel a bushel at Decatur, I...Reuters
Wed, Oct 15
PRECIOUS-Gold extends record run past $4,200 on rate-cut hopes, safe-haven fervor
Gold breaches $4,200/oz for the first timeTrump mulls ending some trade ties with ChinaFed's Powell signals dovish tone as US jobs remain sluggishSilver hit a record high on TuesdayBy Sherin Elizabeth Varghese Oct 15 (Reuters) - Gold prices breached $4,200 per ounce for the first time on Wedn...Reuters
Wed, Oct 15
Europe Gasoline/Naphtha-Gasoline cracks rise
LONDON, Oct 15 (Reuters) - Northwest European gasoline profit margins gained nearly $2 a barrel on Wednesday to $18.67.No Eurobob E5 or E10 barges traded on Wednesday. Britain on Wednesday targeted Russia's two largest oil companies, Lukoil and Rosneft, and 51 shadow fleet tankers in what it des...Reuters
Wed, Oct 15
Euornext wheat slips as world supply weighs
PARIS, Oct 15 (Reuters) - Euronext wheat futures ticked lower on Wednesday as Chicago prices held around a five-year low and abundant global supply hung over the market.December wheat BL2Z5 on Euronext's Paris-based market settled 0.5% lower at 190.00 euros ($221.07) a metric ton.Euronext had ri...Reuters
Wed, Oct 15
Senator urges probe into US airport video blaming Democrats for government shutdown
By David ShepardsonWASHINGTON, Oct 15 (Reuters) - The top Democrat on the Senate Commerce Committee on Wednesday called for an investigation into a Trump administration video airing at some airports that blames Democrats in Congress for an ongoing government shutdown and its impact on aviation.Senat...Reuters
Wed, Oct 15
Zelenskiy says he discussed possibility of U.S. gas supplies with Greek PM
KYIV, Oct 15 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Wednesday that he had discussed by phone with Greece's Prime Minister Kyriakos Mitsotakis the possibility of the U.S. supplying natural gas to Ukraine.He made the remark in his evening video address as Ukraine struggles wit...Reuters
Wed, Oct 15
METALS-Weaker dollar, Fed cut bets drive copper up
By Polina Devitt LONDON, Oct 15 (Reuters) - Copper prices rose on Wednesday with support from a weaker dollar, expectations of more U.S. interest rate cuts and hopes for more stimulus in top metals consumer China.Three-month copper on the London Metal Exchange CMCU3 added 0.5% to $10,624 a metric...Reuters
Wed, Oct 15
Meta commits $1.5 billion for AI data center in Texas
Meta's El Paso data center to be operational by 2028Hyperscalers projected to spend over $360 billion on AI infrastructure by 2025Meta's El Paso site to use 100% renewable energy and recycle waterBy Echo Wang NEW YORK, Oct 15 (Reuters) - Meta Platforms META.O said on Wednesday it would in...Reuters
Wed, Oct 15
Senator urges probe into US airport video blaming Democrats for government shutdown
WASHINGTON, Oct 15 (Reuters) - The top Democrat on the Senate Commerce Committee on Wednesday called for an investigation into a Trump administration video airing at some airports that blames Democrats in Congress for an ongoing government shutdown and its impact on aviation.Senator Maria Cantwell a...Reuters
Wed, Oct 15
Ukraine discusses US LNG imports after Russian strikes on gas sector, minister says
KYIV, Oct 15 (Reuters) - Ukraine is in discussions with the United States to import liquefied natural gas after Russian strikes on its gas infrastructure, economy minister Oleksii Sobolev said on Wednesday."Due to Russian attacks, we have lost part of our gas production, so we are considering me...Reuters
Wed, Oct 15
Ukraine discusses US LNG imports after Russian strikes on gas sector, minister says
KYIV, Oct 15 (Reuters) - Ukraine is in discussions with the United States to import liquefied natural gas after Russian strikes on its gas infrastructure, economy minister Oleksii Sobolev said on Wednesday."Due to Russian attacks, we have lost part of our gas production, so we are considering me...Reuters
Wed, Oct 15
BofA says US-China trade tensions, OPEC+ output boost could push Brent below $50
Oct 15 (Reuters) - Bank of America on Wednesday said that if U.S.-China trade tensions intensify while OPEC+ production ramps up, Brent prices could slip below $50 a barrel. The bank maintained its Brent forecast at $61 a barrel for the final quarter of 2025 and $64 a barrel for the first ...Reuters
Wed, Oct 15
REFILE-MIT spinout Vertical Semiconductor raises $11 million for AI power chip tech
By Stephen NellisSAN FRANCISCO, Oct 15 (Reuters) - Vertical Semiconductor, a startup spun out of the Massachusetts Institute of Technology, on Wednesday said it raised $11 million in funding to commercialize chip technology that can deliver electricity to artificial intelligence servers more efficie...Reuters
Wed, Oct 15
PRECIOUS-Gold extends record run past $4,200 on rate-cut hopes, safe-haven fervor
Gold breaches $4,200/oz for the first timeTrump mulls ending some trade ties with ChinaFed's Powell signals dovish tone as U.S. jobs remain sluggishSilver hit a record high on TuesdayBy Sherin Elizabeth Varghese Oct 15 (Reuters) - Gold prices breached $4,200 per ounce for the first time on We...Reuters
Wed, Oct 15
US ready to tariff China over Russian oil buys, but Europe must follow, Bessent says
WASHINGTON, Oct 15 (Reuters) - The United States is ready to impose tariffs on China over its purchases of Russian oil, but Washington's European allies must be willing to take part in such action, U.S. Treasury Secretary Scott Bessent told a news conference on Wednesday."It is the purchase ...Reuters
Wed, Oct 15
Bank of America says US-China trade tensions, OPEC+ output boost could push Brent below $50
Oct 15 (Reuters) - Bank of America on Wednesday maintained its Brent crude forecast at $61 a barrel for the final quarter of 2025 and $64 a barrel for the first half of 2026, citing a likely floor around $55. The bank said that if U.S.-China trade tensions intensify amid OPEC+ production ramp-up, Br...Reuters
Wed, Oct 15
Russia could import gasoline, deputy PM Novak says
MOSCOW, Oct 15 (Reuters) - Russia has the option to import gasoline, Deputy Prime Minister Alexander Novak told reporters on Wednesday."This possibility exists. Our legislation allows for imports, and the Russian government has reduced the previously imposed 5% import duty, which was, in princip...Reuters
Wed, Oct 15
OPEC to hire consultant to assess members' capacity, says Kuwaiti Minister
Oct 15 (Reuters) - The Organization of the Petroleum Exporting Countries (OPEC) is moving to appoint "one of the top consultants" to visit member states and assess their production capacity in the coming months, Kuwait's oil minister Tareq Al-Roumi said on Wednesday.OPEC+ ministers asked...Reuters
Wed, Oct 15
Trump ready to meet with China's Xi in South Korea, Bessent tells CNBC
By Andrea Shalal and David Lawder WASHINGTON, Oct 15 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday insisted that Washington did not want to escalate a trade conflict with China, stressing that President Donald Trump is ready to meet Chinese President Xi Jinping in South Korea...Reuters
Wed, Oct 15
