News
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China warns Trump on tariffs, threatens retaliation on supply chain deals
People's Daily says dialogue is only path to lasting trade pactSays China must stick to principles on tariffs Warns nations against US tariff deals that harm China BEIJING, July 8 (Reuters) - China warned the Trump administration on Tuesday against reigniting trade tension by restoring tarif...Reuters
Tue, Jul 8
TECHNICALS-CBOT soybeans may test support at $10.28
For more technical analyses, please click SINGAPORE, July 8 (Reuters) - The CBOT soybean November contract SX25 may bounce into a range of $10.28 to $10.30-1/2 per bushel, following its stabilisation around support of $10.19-1/4. Identified as the 86.4% retracement of the uptrend from $10.13-1/4, th...Reuters
Tue, Jul 8
GRAINS-Corn falls for second session, near one-week low on US crop outlook
Near-perfect weather for US crops boosts supply outlookWheat drops on harvest pressure, soybean ticks higherBy Naveen Thukral SINGAPORE, July 8 (Reuters) - Chicago corn futures lost more ground on Tuesday, dropping to their lowest in almost a week as improved U.S. crop ratings and expectations of...Reuters
Tue, Jul 8
METALS-Copper prices ease on trade tariff uncertainty, Chile supply outlook
By Hongmei Li SINGAPORE, July 8 (Reuters) - Copper prices eased on the London Metal Exchange and Shanghai Futures Exchange on Tuesday, as uncertainty over U.S. trade tariffs and the potential for increased copper supply from Chile, the world's largest producer, weighed on the market.Three-mon...Reuters
Tue, Jul 8
PRESS DIGEST-Financial Times - July 8
July 8 (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- Macron and Starmer to focus on migration and defence in talks this week- BP bolsters board with former Shell executive Simon Henry...Reuters
Tue, Jul 8
CIF/FOB Gulf Grain-Corn, soy barge bids firm as futures tumble
CHICAGO, July 7 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast terminals firmed on Monday as Chicago Board of Trade grain and soy futures tumbled, chilling farmer sales of grain into marketing channels that feed the Gulf, traders said."We had some momentum (on farmer corn ...Reuters
Tue, Jul 8
Ambrey says concrete docks at Yemen's Hodeidah port sustain damage after Israeli strikes
CAIRO, July 8 (Reuters) - British security firm Ambrey said early on Tuesday that it observed imagery that confirmed damage to the concrete docks at Yemen's Hodeidah port following Israeli strikes.Additionally, two Barbados-flagged bulk carriers likely suffered blast damage as a result of the at...Reuters
Tue, Jul 8
Oil prices ease as traders assess US tariffs, OPEC+ output hike
OPEC+ to raise production by 548,000 barrels per day for AugustTrump's tariffs create uncertainty about global economySaudi Arabia contributes most to OPEC+ supply increase, analysts sayBy Stephanie Kelly July 8 (Reuters) - Oil prices eased on Tuesday after rising almost 2% in the previous se...Reuters
Tue, Jul 8
GRAINS-Corn falls for second session, near one-week low on US crop prospects
SINGAPORE, July 8 (Reuters) - Chicago corn futures lost more ground on Tuesday, with prices dropping to their lost in almost one week as improved U.S. crop rating and expectations of more beneficial weather pressured prices.Wheat fell, while soybeans were largely unchanged.FUNDAMENTALS* The most-act...Reuters
Tue, Jul 8
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, July 8 (Reuters) - Contract Target Support/Resistance Brent oil $70.09/$70.51sup $68.99/$68.66Palm oil (3rd month)4,032 ringgitres 4,079/4,108 ringgitWTI* $68.47/$68.96sup $67.17/$66.75Spot gold$3,320/$3,306res $3,348/$3,357/$3,366LME copper ...Reuters
Tue, Jul 8
WTI edges lower below $67.00 on stronger US Dollar, OPEC+ oversupply concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.85 during the early Asian trading hours on Tuesday. The WTI price edges lower amid oversupply concerns triggered by the July 6 Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting.
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Tue, Jul 8
US Cash Grains-Soy, corn bids trade flat-to-higher at river terminals
CHICAGO, July 7 (Reuters) - Spot basis bids for corn and soybeans were steady-to-higher at river terminals in a spot check of locations in the U.S. Midwest on Monday as futures slumped. The corn basis and soy basis both rose at river terminals in Davenport, Iowa and Morris, Illinois. The U.S. Depart...Reuters
Mon, Jul 7
Economic losses from Texas floods could hit $22 billion, says AccuWeather
By Chris MunroJuly 7 - (The Insurer) - The deadly floods that have wreaked devastation across parts of Texas will result in total damage and economic losses of $18 billion to $22 billion, according to an initial estimate from commercial weather forecaster AccuWeather.That $18 billion to $22 billion ...Reuters
Mon, Jul 7
US Plains HRW Wheat-Basis bids flat as futures fall
CHICAGO, July 7 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady in a spot check of locations in the U.S. Plains on Monday as futures fell.A quickly advancing harvest pressured wheat futures on Monday.The U.S. Department of Agriculture reported the U.S. winter wheat harvest wa...Reuters
Mon, Jul 7
Venture Global cashes in on exports from Plaquemines LNG plant, SEC filing shows
By Curtis Williams HOUSTON, July 7 (Reuters) - Venture Global VG.N exported more liquefied natural gas (LNG) cargoes from its Plaquemines export facility in Louisiana and earned more than double in fees compared with its other U.S. plant, a company filing showed on Monday.The LNG company exported...Reuters
Mon, Jul 7
Large Surplus After Summer Raises Downside Risk To $65 Per Barrel Brent Forecast From Q4, says HSBC
July 7 (Reuters) - HSBC GLOBAL RESEARCH:SAYS LARGE SURPLUS AFTER SUMMER RAISES DOWNSIDE RISK TO IT'S $65 PER BARREL BRENT FORECAST FROM 4Q 2025EXPECTS OPEC+ TO ANNOUNCE ANOTHER 550KBD HIKE FOR SEPTEMBER AT NEXT MEETING ON 3 AUGUST, DOUBLE THEIR PREVIOUS aSSUMPTIONSAYS SUMMER DEMAND IN NORTHERN H...Reuters
Mon, Jul 7
Trump executive order seeks end to wind and solar energy subsidies
July 7 (Reuters) - U.S. President Donald Trump on Monday directed federal agencies to strengthen provisions in the One Big Beautiful Bill Act that repeal or modify tax credits for solar and wind energy projects.In an executive order, Trump said the renewable energy resources were unreliable, expensi...Reuters
Mon, Jul 7
