News
Important Only
PRESS DIGEST-British Business - July 10
July 10 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- Seven housing developers have agreed to pay a total of 100 million pounds ($136 million) to affordable housing p...Reuters
Thu, Jul 10
PRESS DIGEST- Financial Times - July 10
July 10 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Thames Water refuses to claw back bonuses despite government threats- UK set to hold minority stake in Sizewell C nuclear project- Rev...Reuters
Thu, Jul 10
GRAINS-Corn, soybeans fall on US weather; wheat slips for fifth session
Corn falls, gives up last session's gains on favourable weatherWheat prices down as Northern Hemisphere harvest boost supplies By Naveen Thukral SINGAPORE, July 10 (Reuters) - Chicago corn futures slid on Thursday, falling for three out of four sessions, while soybeans lost more ground as for...Reuters
Thu, Jul 10
Trump announces 50% tariff on copper effective August 1
WASHINGTON, July 9 (Reuters) - U.S. President Donald Trump announced on Wednesday a new 50% tariff on copper to start on August 1 in a bid to promote domestic development of an industry critical to defense, electronics and automobiles. The move marks the latest in a string of sectoral tariffs Trump ...Reuters
Thu, Jul 10
PRECIOUS-Gold edges higher as Trump tariff moves keep markets on edge
July 10 (Reuters) - Gold prices edged higher on Thursday as U.S. President Donald Trump's latest tariff announcements kept markets cautious, with investors closely watching trade negotiations, while a slight pullback in the dollar provided additional support.FUNDAMENTALS* Spot gold XAU= rose 0.2...Reuters
Thu, Jul 10
Oil falls as Trump's expanded tariffs cloud demand outlook
By Katya Golubkova TOKYO, July 10 (Reuters) - Oil prices dropped on Thursday as the latest tariff announcements by U.S. President Donald Trump were perceived by market participants to threaten global economic growth and demand for the resource.Brent crude futures LCOc1 were down 22 cents, or 0.31...Reuters
Thu, Jul 10
Trump announces 50% tariff on copper effective August 1
WASHINGTON, July 9 (Reuters) - U.S. President Donald Trump announced on Wednesday a 50% tariff on copper, saying on social media that it would be effective August 1 and that the decision was made after a national security assessment.Reuters
Thu, Jul 10
US government sues California over egg prices
By Dietrich Knauth NEW YORK, July 9 (Reuters) - President Donald Trump's administration on Wednesday sued California over its regulation of eggs and chicken farms, saying that the state's anti-animal cruelty laws created "unnecessary red tape" that had raised egg prices throughout...Reuters
Thu, Jul 10
GRAINS-Corn, soybeans fall on US weather; wheat slips for fifth session
SINGAPORE, July 10 (Reuters) - Chicago corn futures slid on Thursday, falling for three out of four sessions, while soybeans lost more ground as forecasts of crop-friendly weather in the U.S. Midwest boosted prospects for both crops. Wheat slid for a fifth consecutive session on harvest pressure. FU...Reuters
Thu, Jul 10
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, July 10 (Reuters) - Contract Target Support/Resistance Brent oil -res $70.51/$70.77/$71.19sup $69.70/$69.41/$68.99Palm oil (3rd month)4,115/4,096 ringgitres 4,157/4,173/4,195 ringgitWTI* $67.59/$67.17res $68.47/$68.96/$69.48Spot gold$3,303/$3...Reuters
Thu, Jul 10
WTI drifts lower to near $67.00 on rising Crude Stockpile in US, tariff uncertainty
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.15 during the early Asian trading hours on Thursday. The WTI price loses ground amid concerns over weakening demand following a surprise increase in US crude inventories.
Fxstreet
Wed, Jul 9
CIF/FOB Gulf Grain-Corn, soybean barge bids mostly steady
CHICAGO, July 9 (Reuters) - Basis bids for corn and soybeans delivered by barge to U.S. Gulf Coast terminals were mostly steady on Wednesday as market players awaited direction following this week's drop in Chicago Board of Trade futures, traders said.Grain sales by farmers slowed as futures pri...Reuters
Wed, Jul 9
US Cash Grains-Corn bids mixed as futures bounce back
CHICAGO, July 9 (Reuters) - Spot basis bids for corn were mixed in a spot check of elevators, processors, river and rail terminals in the U.S. Midwest on Wednesday as futures recovered after hitting new contract lows. The corn basis rose at a processor in Decatur, Illinois, a river terminal in Daven...Reuters
Wed, Jul 9
COLUMN-Can US corn yield meet ballooning expectations? -Braun
By Karen BraunNAPERVILLE, Illinois, July 9 (Reuters) - The U.S. corn yield appears on pace to break its six-year streak of undershooting trendline expectations, and some analyst predictions have gotten quite lofty.But how reasonable are some of these assumptions? What's the true yield potential,...Reuters
Wed, Jul 9
LIVESTOCK-CME feeder cattle extend rally to new highs
By Tom Polansek CHICAGO, July 9 (Reuters) - Chicago Mercantile Exchange feeder cattle futures extended gains to record highs on Wednesday while live cattle futures set a contract high before pulling back.Strong demand for U.S. beef and tight domestic supplies of cattle continued to underpin the m...Reuters
Wed, Jul 9
US Plains HRW Wheat-Basis bids steady as futures tick up
CHICAGO, July 9 (Reuters) - Spot basis bids for hard red winter wheat were flat in a spot check of locations on the U.S. Plains on Wednesday as futures firmed slightly.The U.S. Department of Agriculture on Thursday is expected to report weekly U.S. wheat export sales of 200,000 to 600,000 metric ton...Reuters
Wed, Jul 9
Brazil citrus exporters alarmed by US tariff announcement
SAO PAULO, July 9 (Reuters) - The announcement of a 50% tariff on Brazilian products sent to the United States made on Wednesday by U.S. President Donald Trump surprised Brazilian citrus exporters group CitrusBR. Brazil is the world's top exporter of orange juice. "It's terrible for the ...Reuters
Wed, Jul 9
US Cash Crude-Grades mixed as domestic supply, demand rise
July 9 (Reuters) - Grades were mixed on Thursday, dealers said, as domestic stocks increased while refinery demand is also expected to rise. U.S. crude oil stockpiles rose unexpectedly last week, while gasoline drew down on the back of strong driving demand ahead of the July 4 weekend.Crude inventor...Reuters
Wed, Jul 9
Six crew rescued, 15 missing after Houthis sink latest Greek ship in Red Sea
Eternity C sinks off Yemen after attack Six rescued so far, sources and EU naval mission sayCrew of 22, plus three armed guards were aboardBy Renee Maltezou, Yannis Souliotis and Jonathan Saul ATHENS, July 9 (Reuters) - Rescuers pulled six crew members alive from the Red Sea after Houthi mili...Reuters
Wed, Jul 9
