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US natgas prices fall 4% to six-week low on low cash prices, ample stockpiles
Cash prices below futures every day since AprilGas stockpiles 6% over normal levels and risingOutput on track for record high in JulyBy Scott DiSavinoJuly 9 (Reuters) - U.S. natural gas futures fell about 4% to a six-week low on Wednesday on low cash prices, an increase in output so far this month a...Reuters
Wed, Jul 9
CBOT soybeans weaken as US tariff disputes fuel demand worries
CHICAGO, July 9 (Reuters) - Chicago Board of Trade soybean futures closed lower for a third consecutive session on Wednesday amid worries that tariff disputes may hurt demand for U.S. crops, analysts said.Fund selling added pressure to prices, traders said.Traders this week have been rattled by a la...Reuters
Wed, Jul 9
PRECIOUS-Gold inches higher with focus on trade talks
EU seeks trade deal with Trump, new tariff notices dueFed minutes show narrow support for a reduction in borrowing costs By Anushree Mukherjee and Sarah Qureshi July 9 (Reuters) - Gold prices edged up on Wednesday as investors closely watched negotiations between the United States and its trading...Reuters
Wed, Jul 9
CBOT corn rises from contract lows on short-covering, bargain-buying
CHICAGO, July 9 (Reuters) - Chicago Board of Trade corn futures closed higher on Wednesday, as the market rebounded slightly after hitting contract lows under pressure from favorable U.S. crop prospects, traders said.Short-covering and bargain-buying helped the market recover, they said.U.S. weather...Reuters
Wed, Jul 9
US Cash Grains-Corn basis bids mixed
CHICAGO, July 9 (Reuters) - Spot basis bids for corn were steady to mixed in a spot check of locations in the U.S. Midwest on Wednesday, as favorable growing weather continued in the region. The corn basis improved at an ethanol plant in Union City, Indiana, but ticked down at a processor in Cedar R...Reuters
Wed, Jul 9
CSU decreases Atlantic hurricane season forecast to 16 named storms, eight hurricanes
By Mia MacGregorJuly 9 - (The Insurer) - Colorado State University has decreased its forecast for the 2025 Atlantic hurricane season, now predicting slightly above-normal activity amid high levels of Caribbean wind shear, a condition typically linked to reduced hurricane activity.In its July 9 updat...Reuters
Wed, Jul 9
Texas officials deflect mounting questions about response to deadly flood
Officials face questions about whether warnings could have been issued soonerNinety-five dead in Kerr County, including 36 childrenFlash flood in New Mexico claims three livesBy Jane Ross and Maria Alejandra CardonaKERRVILLE, Texas, July 9 (Reuters) - Officials in flood-stricken central Texas on Wed...Reuters
Wed, Jul 9
Chile in contact with US copper importers as tariffs loom, minister says
SANTIAGO, July 9 (Reuters) - Chile, the world's largest supplier of copper, is in contact with major U.S. importers and is seeking to understand the full scope of proposed U.S. tariffs on the red metal, Foreign Minister Alberto van Klaveren said on Wednesday."Chilean copper will keep finding...Reuters
Wed, Jul 9
Trump says five African nations unlikely to face US tariffs
WASHINGTON, July 9 (Reuters) - U.S. President Donald Trump on Wednesday said African nations are going to lower their tariffs and that the United States treats Africa better than China does, adding that five African countries were unlikely to face U.S. tariffs. Trump, meeting with the leaders of Gab...Reuters
Wed, Jul 9
US still sees many tariff and non-tariff barriers in Africa, USTR says
WASHINGTON, July 9 (Reuters) - The U.S. will look at a possible extension of a U.S. law that provides duty-free access to over 1,800 products from sub-Saharan African countries, but would need to address many tariffs and non-tariff barriers still in place on the continent, U.S. Trade Representative ...Reuters
Wed, Jul 9
GRAINS-Corn rises after setting contract lows on favorable US crop prospects
Corn futures inch up after hitting contract lowsGains capped by favourable U.S. supply outlookUSDA slated to issue monthly crop data FridayBy Tom Polansek CHICAGO, July 9 (Reuters) - Chicago Board of Trade corn futures turned higher on Wednesday after favorable U.S. crop conditions pushed prices ...Reuters
Wed, Jul 9
Euronext wheat edges up with euro support
PARIS, July 9 (Reuters) - Euronext wheat ticked higher on Wednesday as an easing in the euro and limited crop sales by farmers helped futures hold above recent contract lows linked to good harvest prospects and weak export demand.September wheat BL2U5 on Euronext settled 0.5% up at 196.75 euros ($23...Reuters
Wed, Jul 9
US tariffs on South Africa set to hit white farmers Trump has embraced
South Africa faces 30% US tariff from August 1Farm exports like citrus previously not subject to tariffsWhite farmers among those whose businesses will sufferTrump has shown concern for white South AfricansBy Wendell Roelf CITRUSDAL, South Africa, July 9 (Reuters) - U.S. President Donald Trump...Reuters
Wed, Jul 9
Indicator of Chinese copper import demand jumps 38% after Trump tariff announcement
LONDON, July 9 (Reuters) - An indicator of copper import demand in top consumer China jumped 38% on Wednesday, suggesting robust appetite for the metal, after U.S. President Donald Trump's plans for a 50% import tariff drove down benchmark prices in London.The levy, according to U.S. Commerce Se...Reuters
Wed, Jul 9
GM-backed EnergyX buys lithium-rich acreage in US Smackover formation
EnergyX expands Smackover holdings to 47,500 acres amid low lithium pricesEnergyX plans lithium refinery in Texas, aims for 30,000 metric tons annual production by 2030GM has first refusal rights on EnergyX lithium projects July 9 (Reuters) - EnergyX, the lithium technology startup backed by Gene...Reuters
Wed, Jul 9
PRESS DIGEST-Canada - July 9
July 9 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAILU.S. President Donald Trump plans to impose tariffs on copper imports, potentially piling even more pressure on a Can...Reuters
Wed, Jul 9
Europe Gasoline/Naphtha-Gasoline profit margins rise
LONDON, July 9 (Reuters) - Northwest European gasoline profit margins gained over a dollar on Wednesday to $15.60 a barrel on stronger demand for the fuel. A total of 14,000 tons on Eurobob E5 barges traded, with Trafigura and BP selling to Gunvor and Aramco.An additional 5,200 metric tons of Eurobo...Reuters
Wed, Jul 9
EXCLUSIVE-Oil giant Saudi Aramco in talks with Commonwealth LNG for offtake agreement, sources say
By Marwa Rashad and Curtis Williams LONDON/HOUSTON, July 9 (Reuters) - Oil giant Saudi Aramco 2222.SE is in talks with Commonwealth LNG to buy liquefied natural gas from the U.S. company's proposed facility in Cameron, Louisiana, as it seeks to strengthen its position in the market for the su...Reuters
Wed, Jul 9
