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TREASURIES-US yields rise on tariff concerns before long-dated auctions
Trump broadens trade war with more tariffsTreasury sees soft demand for $58 bln 3-year auctionGlobal bond selloff pulls US yields higherBy Karen Brettell July 8 (Reuters) - U.S. Treasury yields rose on Tuesday as President Donald Trump announced more tariffs and before the Treasury will auction 1...Reuters
Tue, Jul 8
US natgas prices slide 2% to 1-week low on low spot market, rising output this month
Speculators cut net longs for first time in 3 weeksCash prices below futures every day since AprilGas stockpiles 6% over normal levels and risingBy Scott DiSavino July 8 (Reuters) - U.S. natural gas futures slid about 2% to a one-week low on Tuesday on low cash prices, an increase in output so fa...Reuters
Tue, Jul 8
CBOT soybeans close down on benign US crop weather
CHICAGO, July 8 (Reuters) - Chicago Board of Trade soybean futures closed down on Tuesday as benign U.S. crop weather raised expectations for a large harvest, analysts said.Weather has been largely non-threatening for U.S. soy and corn crops, and large harvests would add to bumper production in riva...Reuters
Tue, Jul 8
Hess to exit Suriname offshore oil block after partners leave over drilling risks
PARAMARIBO, July 8 (Reuters) - U.S. oil producer Hess Corp HES.N has decided to withdraw from Suriname's offshore Block 59, the South American nation's state oil firm Staatsolie said on Tuesday, adding the block would now return to Staatsolie."Hess has fulfilled its minimum work obligati...Reuters
Tue, Jul 8
US issues expedited permit to proposed Tennessee coal mine
July 8 (Reuters) - The Trump administration said it issued a permit to a proposed coal mine in Claiborne County, Tennessee on Tuesday under an expedited process aimed at accelerating reviews of energy projects on federal lands.In a statement, the Department of the Interior said it had granted a perm...Reuters
Tue, Jul 8
CBOT corn ends weaker as US crop rating improves
CHICAGO, July 8 (Reuters) - Chicago Board of Trade corn futures finished lower for a second consecutive session on Tuesday as U.S. crop ratings improved and weather conditions looked favorable, traders said.The U.S. Department of Agriculture said after Monday's market close that 74% of the natio...Reuters
Tue, Jul 8
Chile says it has not received information from U.S. on copper tariffs
SANTAIGO, July 8 (Reuters) - Chile, the world's top copper producer, said on Tuesday it has not received any official communication from counterparts regarding the implementation of copper tariffs, the foreign ministry said in a statement.U.S. President Donald Trump announced a 50% tariff on imp...Reuters
Tue, Jul 8
Codelco awaiting details on possible exemptions for Trump copper tariffs, chairman says
SANTIAGO, July 8 (Reuters) - The world's biggest copper producer, Chile'S state-run Codelco, will wait to see if some countries are exempted from U.S. President Donald Trump's plans to impose a 50% tariff on copper imports before weighing in on the matter, Codelco Chairman Maximo Pacheco...Reuters
Tue, Jul 8
PRECIOUS-Safe-haven gold slips over 1% on trade optimism
Japan, South Korea seek to negotiate on tariffs before August deadlineU.S. 10-year bond yields hit more than two-week peakTariffs will likely delay Fed rate cuts which may cap gold prices, analyst says By Anushree Mukherjee July 8 (Reuters) - Gold prices slipped more than 1% on Tuesday, as optimi...Reuters
Tue, Jul 8
Gold price crashes as US yields soar, Trump tariff fears ease
Gold price is plunging over 1% on Tuesday during the North American session as appetite for its safe-haven demand diminished, although US President Donald Trump announced that the first tariff letters had been sent to some of the US's trade partners.
Fxstreet
Tue, Jul 8
US Cash Grains-Soybean bids steady to higher
CHICAGO, July 8 (Reuters) - Spot basis bids for soybeans were higher at elevators, processors and river terminals in a spot check of locations in the U.S. Midwest on Tuesday. The soybean basis improved at processors in Decatur, Illinois and Council Bluffs, Iowa. It also ticked up at river terminals ...Reuters
Tue, Jul 8
Europe Gasoline/Naphtha-Gasoline profit margins edge higher
LONDON, July 8 (Reuters) - Northwest European gasoline profit margins rose slightly on Tuesday, by 52 cents to $14.20 a barrel. A total of 12,800 metric tons of Eurobob E10 barges traded, as Shell, Gunvor and BP sold to Varo, TotalEnergies and ExxonMobil.An additional 12,000 tons on Eurobob E5 barge...Reuters
Tue, Jul 8
CANADA-CRUDE-Discount on Western Canada Select narrows
July 8 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 was trading slightly higher during the Tuesday session. WCS for August delivery in Hardisty, Alberta, was trading at $10.25 a barrel under the U.S. benchmark WTI, brokers sai...Reuters
Tue, Jul 8
Euronext wheat hovers near lows
PARIS/HAMBURG, July 8 (Reuters) - Euronext wheat consolidated near contract lows on Tuesday as weak export demand and good harvest prospects hung over the market, while slow selling by farmers helped underpin prices.September futures BL2U5 on Euronext settled 0.1% down at 195.75 euros ($229.01) per ...Reuters
Tue, Jul 8
US to produce less oil in 2025 than previously expected amid declining prices, EIA says
EIA lowers its 2025 oil production forecast to 13.37 million bpdGeopolitical tensions influence Brent crude price forecastUS oil demand to rise slightly in 2025 vs 2024, EIA reportsBy Stephanie Kelly NEW YORK, July 8 (Reuters) - The U.S. will produce less oil in 2025 than previously expected as d...Reuters
Tue, Jul 8
US natgas output and demand to hit record highs in 2025, before sliding in 2026, EIA says
By Scott DiSavinoJuly 8 (Reuters) - U.S. natural gas output and demand will both rise to record highs in 2025 before sliding in 2026, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.EIA projected dry gas production will rise from 103.2 billion...Reuters
Tue, Jul 8
METALS-Copper under pressure from stronger dollar, demand worries
By Pratima Desai LONDON, July 8 (Reuters) - Copper prices slipped on Tuesday as the dollar rose, worries about economic slowdown and demand growth caused by U.S. President Donald Trump's tariffs resurfaced and rising inventories triggered selling.Benchmark copper CMCU3 on the London Metal Exc...Reuters
Tue, Jul 8
Copper output at Ivanhoe's Congo mine jumps in second quarter
KINSHASA, July 8 (Reuters) - Ivanhoe Mines' IVN.TO production from its flagship Kamoa-Kakula mine in the Democratic Republic of Congo jumped 11% year-on-year to 112,009 metric tons of copper in the second quarter, the company said in a statement on Tuesday.Output rose despite seismic challenges ...Reuters
Tue, Jul 8
US to produce less oil in 2025 than previously expected, EIA says
NEW YORK, July 8 (Reuters) - The U.S. will produce less oil in 2025 than previously expected as declining oil prices have prompted U.S. producers to slow activity this year, the Energy Information Administration forecasted on Tuesday in a monthly report. The U.S. is projected to produce 13.37 millio...Reuters
Tue, Jul 8
US natgas output and demand to hit record highs in 2025, before sliding in 2026, EIA says
By Scott DiSavinoJuly 8 (Reuters) - U.S. natural gas output and demand will both rise to record highs in 2025 before sliding in 2026, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.EIA projected dry gas production will rise from 103.2 billion...Reuters
Tue, Jul 8
