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METALS-Copper falls on Trump's announcement on steep 50% import tariff
By Hongmei Li SINGAPORE, July 9 (Reuters) - Copper prices on the London Metal Exchange and the Shanghai Futures Exchange fell on Wednesday, as traders may not have sufficient time to ship much to the United States with Trump's sudden announcement of a 50% copper import tariff on Tuesday.Three...Reuters
Wed, Jul 9
EXCLUSIVE-How US buyers of critical minerals bypass China's export ban
US imports of antimony oxides from Thailand, Mexico surge after China banShift in trade flows points to transshipment of minerals, experts sayAntimony shipments to US by Chinese-owned Thai Unipet soared, shipping records showBy Alessandro Parodi, Lewis Jackson, Ashitha Shivaprasad, Sherin Elizabeth ...Reuters
Wed, Jul 9
PRECIOUS-Gold rises as fresh Trump tariff threats dampen trade talk hopes
July 9 (Reuters) - Gold edged higher on Wednesday as U.S. President Donald Trump's latest tariff threats dampened hopes for trade talks, but a stronger U.S. dollar and higher Treasury yields capped gains.FUNDAMENTALS* Spot gold XAU= rose 0.2% to $3,305.50 per ounce as of 0106 GMT. U.S. gold futu...Reuters
Wed, Jul 9
Oil prices ease from two-week highs as investors await tariff clarity
By Arathy Somasekhar July 9 (Reuters) - Oil prices edged slightly lower on Wednesday after rising to two-week highs in the previous session, as investors were watching new developments on U.S. tariffs and trying to gauge their impact. Brent crude futures LCOc1 were down 20 cents, or 0.3%, at $69....Reuters
Wed, Jul 9
Death toll from Texas flood hits triple-digits as tally of missing tops 180
At least 109 fatalities confirmed, many of them childrenCountry singer Pat Green reports 4 family members 'swept away' in floodEmergency officials face angry questions over preparednessBy Jane Ross, Steve Gorman and Maria Tsvetkova KERRVILLE, Texas, July 8 (Reuters) - The death toll from ...Reuters
Wed, Jul 9
GRAINS-Corn rebounds on bargain-buying, ample supplies curb gains
SINGAPORE, July 9 (Reuters) - Chicago corn futures rose for the first time in three sessions on Wednesday, with some buying interest supporting prices after a pullback, although gains were limited by expectations of bumper U.S. production and ample Brazilian supplies.Soybeans and wheat also firmed a...Reuters
Wed, Jul 9
CIF/FOB Gulf Grain-Corn barge bids inch higher; soy mixed as futures slide, farmer sales slow
CHICAGO, July 8 (Reuters) - Basis bids for corn delivered to U.S. Gulf Coast terminals edged higher, traders said on Tuesday, while soybean barge bids were narrowly mixed, as Chicago Board of Trade futures declined for a second session, curbing farmer grain sales. CBOT corn futures extended losses t...Reuters
Wed, Jul 9
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, July 9 (Reuters) - Contract Target Support/Resistance Brent oil $69.41/$68.99res $70.09/$70.51Palm oil (3rd month)4,195/4,219 ringgitsup 4,157/4,134/4,115 ringgitWTI* $67.59/$67.17res $68.47/$68.96Spot gold$3,320sup $3,293/$3,275LME copper (3...Reuters
Wed, Jul 9
Marathon Reports Flaring Due To Third-Party Power Outage At El Paso, Texas Refinery
July 9 (Reuters) - MARATHON PETROLEUM CORP MPC.N SAYS DUE TO A POWER OUTAGE FROM A THIRD-PARTY PROVIDER, OPERATING CONDITIONS HAVE MADE FLARING NECESSARY AT MARATHON'S EL PASO, TEXAS REFINERY SAYS THERE HAVE BEEN NO INJURIES REPORTED AT EL PASO REFINERYSAYS AIR MONITORING IS BEING DEPLOYED AS A ...Reuters
Wed, Jul 9
Nissan halts production of three models for Canada at two US plants, Nikkei reports
TOKYO, July 9 (Reuters) - Nissan Motor 7201.T is suspending production of three vehicle models for Canada at its Tennessee and Mississippi plants amid mutual auto tariffs between the U.S. and Canada, the Nikkei reported on Wednesday.The production halt, which began in May, affects the Pathfinder and...Reuters
Wed, Jul 9
Trump says US to impose 50% tariff on copper imports, copper futures jump
Commerce chief Lutnick: probe into US copper imports completeChile, Canada and Mexico are top US copper suppliersUS Comex copper futures jump 12%, hit record highBy Andrea Shalal, Jarrett Renshaw and Ernest Scheyder WASHINGTON, July 8 (Reuters) - President Donald Trump said he will announce a 50%...Reuters
Tue, Jul 8
Which countries restrict Brazilian chicken imports over bird flu?
July 8 (Reuters) - An outbreak of bird flu in Brazil, the world's largest chicken exporter, has prompted countries to implement trade restrictions in an effort to prevent the spread of the virus after Brazil confirmed its first case on a commercial farm in May.Brazil declared itself free of the ...Reuters
Tue, Jul 8
Trump says at least seven trade-related announcements coming Wednesday morning
July 8 (Reuters) - U.S. President Donald Trump said on Tuesday that he will announce something trade-related with at least seven countries on Wednesday morning, while additional countries will be named in the afternoon."We will be releasing a minimum of 7 Countries having to do with trade, tomor...Reuters
Tue, Jul 8
Air India Crash Investigation Focuses On Movement Of Engine Fuel Control Switches - Air Current
July 8 (Reuters) - AIR INDIA CRASH INVESTIGATION FOCUSES ON MOVEMENT OF ENGINE FUEL CONTROL SWITCHES - AIR CURRENTDATA AVAILABLE TO INVESTIGATORS DOES NOT INDICATE A MECHANICAL OR DESIGN ISSUE WITH 787 OR ITS TWO GE AEROSPACE GENX-1B ENGINES- AIR CURRENTSource text: https://tinyurl.com/ys9cs7azReuters
Tue, Jul 8
World's top copper producer Chile in wait-and-see mode after Trump tariff bombshell
Comex copper futures jumped after Trump's announcementChile foreign ministry says US did not notify it on tariffsGlobal copper demand seen rising 3% this year, Codelco saysChile sends most of its copper exports to ChinaBy Daina Beth Solomon and Fabian Cambero SANTIAGO, July 8 (Reuters) - Chil...Reuters
Tue, Jul 8
US Cash Grains-Soy, corn bids mostly flat as futures ease
CHICAGO, July 8 (Reuters) - Spot basis bids for corn and soybeans were mostly steady in a spot check of elevators, ethanol plants, other kinds of processors and river terminals in the U.S. Midwest on Tuesday, as futures for both commodities fell. One exception was the soybean basis at a processor in...Reuters
Tue, Jul 8
US Cash Crude-Mars flips to discount for first time in two weeks on quality issues
July 8 (Reuters) - Domestic crude grades broadly rose, with sour grade, Mars bucking the broader upward trend, flipping to a discount for the first time in two weeks due to zinc contamination. Any challenges to the quality of Mars, a popular offshore grade with U.S. refiners, could further tighten s...Reuters
Tue, Jul 8
Mars crude oil prices ease on zinc contamination, sources say
HOUSTON, July 8 (Reuters) - Zinc contamination in the Mars crude oil stream pushed down demand for the flagship U.S. coastal crude, slashing its prices on Tuesday, six traders and an industry source said. Any challenges to the quality of Mars, a popular offshore grade with U.S. refiners, could furt...Reuters
Tue, Jul 8
