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GRAINS-Corn, soy rise ahead of holiday weekend as traders monitor US weather
Corn, soybeans rise on positioning ahead of holiday weekendTraders cautious ahead of Trump Iowa speech on ThursdayWheat eases after recent gains, big U.S. and Europe cropsBy Karl Plume CHICAGO, July 3 (Reuters) - U.S. corn and soybean futures firmed on Thursday on short covering and positioning a...Reuters
Thu, Jul 3
Eyeing Arctic dominance, Trump bill earmarks $8.6 billion for US Coast Guard icebreakers
Trump tax bill would fund purchase of up to eight medium and heavy ice breakersCoast Guard seeks to add as many as nine polar icebreakers for Arctic useArctic seas are increasingly being considered for trade routesTrump has pushed for shipbuilding revival, dozens of icebreakers By Lisa Baertlein ...Reuters
Thu, Jul 3
US natgas prices retreat on uptick in storage build, profit-taking
EIA reported a 55 bcf storage injection vs. 53 bcf forecastStorage builds slightly bigger than expected for 11th weekLNG feedgas demand edged up to 15.4 bcfd in July as plants return from maintenanceGolden Pass LNG seeks re-export approval as it nears startupBy Sherin Elizabeth Varghese July 3 (R...Reuters
Thu, Jul 3
CBOT wheat ends lower on profit taking, harvest pressure
CHICAGO, July 3 (Reuters) - Chicago Board of Trade soft red winter wheat futures retreated on Thursday after two sessions of strong gains on profit-taking and positioning ahead of the long U.S. Independence Day holiday weekend and as the winter crop harvest progressed, traders said.Markets will be c...Reuters
Thu, Jul 3
CBOT soybeans end firm on pre-holiday position squaring
CHICAGO, July 3 (Reuters) - Chicago Board of Trade soybean futures climbed to a two-week high on Thursday on short covering and positioning ahead of the long U.S. Independence Day holiday weekend but pared gains late in the session on good U.S. weather and ample global supplies, traders said.Markets...Reuters
Thu, Jul 3
CBOT corn ends firm on short covering, pre-holiday positioning
CHICAGO, July 3 (Reuters) - Chicago Board of Trade corn firmed on Thursday on short covering and positioning ahead of the long U.S. Independence Day holiday weekend, but closed well below session highs as the market hit technical resistance and selling tied to favorable U.S. crop weather, traders sa...Reuters
Thu, Jul 3
Gold Reserve's $7.38 billion bid recommended as winner of Citgo auction
Gold Reserve's bid covers 11 creditors, does not include a pact to pay bondholdersFive offers received in 'topping' period, some did not qualifyUS Treasury must approve auction winnerBy Shubham Kalia and Marianna Parraga July 3 (Reuters) - A $7.38 billion bid by a unit of Toronto-list...Reuters
Thu, Jul 3
Gold drops on stellar US NFP report, dims July Fed rate cut hopes
Gold price fell 0.80% on Thursday as a strong US Nonfarm Payrolls report strengthened the US Dollar, leading market participants to believe it unlikely that the Fed could cut rates at the July meeting. At the time of writing, the XAU/USD trades at $3,332, having reached a daily high of $3,365.
Fxstreet
Thu, Jul 3
Q&A-Is Venezuela about to lose Citgo, its most prized foreign asset?
By Marianna Parraga HOUSTON, July 3 (Reuters) - A U.S. court officer has selected miner Gold Reserve's GRZ.V$7.38 billion bid as the preliminary winner of an auction of shares in the parent of Venezuela-owned Citgo Petroleum, following heavy competition for the seventh largest U.S...Reuters
Thu, Jul 3
China's foreign minister dismisses European worries over rare earths
BERLIN, July 3 (Reuters) - China's foreign minister downplayed European worries over rare earth exports restrictions on Thursday, saying it was standard practise to control dual-use goods exports but that Europe's needs could be met if applications were submitted.Wang Yi was speaking in Berl...Reuters
Thu, Jul 3
US drillers cut oil and gas rigs for 10th week in a row, Baker Hughes says
June 27 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a 10th week in a row for the first time since July 2020, energy services firm Baker Hughes BKR.O said in its closely followed report on Thursday.The oil and gas rig count, an early indicator of f...Reuters
Thu, Jul 3
US Cash Grains-Corn, soybean bids steady-higher
CHICAGO, July 3 (Reuters) - Spot basis bids for soybeans and corn were flat to higher in the U.S. Midwest on Thursday as dealers tried to persuade farmers to sell after futures sagged earlier in the week. The soy basis ticked up at processors in Lafayette, Indiana, Council Bluffs, Iowa and Lincoln, ...Reuters
Thu, Jul 3
EU wheat at one-week high on short-covering
PARIS, July 3 (Reuters) - European wheat futures rose on Thursday to a one-week high as an easing in the euro and short-covering ahead of a U.S. holiday weekend helped prices recover from contract lows.Gains were moderate with expectations of a large European wheat harvest and concerns over slow exp...Reuters
Thu, Jul 3
METALS-Copper slides after stronger than expected US jobs data
By Pratima Desai LONDON, July 3 (Reuters) - Copper prices slipped on Thursday as the dollar rose after data showed stronger than expected jobs growth in the United States, suggesting the U.S. Federal Reserve may not immediately cut interest rates.Benchmark copper CMCU3 on the London Metal Exchang...Reuters
Thu, Jul 3
GRAINS-Corn, soy rise ahead of holiday weekend as traders monitor US weather
Corn, soybeans rise on positioning ahead of holiday weekendTraders cautious ahead of Trump Iowa speech on ThursdayWheat eases after recent gains, big U.S. and Europe cropsBy Karl Plume CHICAGO, July 3 (Reuters) - U.S. corn and soybean futures firmed on Thursday on bargain buying and positioni...Reuters
Thu, Jul 3
Europe Gasoline/Naphtha-Gasoline profit margins gain
LONDON, July 3 (Reuters) - Northwest European gasoline profit margins rose on Thursday by over a dollar to $13.79 a barrel on lower stocks. A total of 26,000 metric tons of Eurobob E5 barges traded, as BP and Trafigura sold to MB Energy, Gunvor, Aramco and TotalEnergies.An additional 13,400 tons on ...Reuters
Thu, Jul 3
Venture Global inks 20 year LNG deal with Petronas
By Curtis Williams July 3 (Reuters) - U.S. liquefied natural gas (LNG) exporter Venture Global Inc VG.N announced on Thursday that Petronas PGAS.KL has agreed to buy 1 million metric tons of LNG from its CP2 project, its first new CP2 customer in two years. A mere startup three years ago,...Reuters
Thu, Jul 3
Energy facilities driving less open market premium amid ‘pockets’ of softening: panel
By Rebecca DelaneyJuly 3 - (The Insurer) - Recent pockets of softening in the energy insurance market have prompted conversations around the changing nature of lead markets and the role of facilities.Participants on a market panel at the Energy Insurance London conference on Thursday showed a diverg...Reuters
Thu, Jul 3
ARA oil product stocks fall to 17-month low, Insights Global data shows
LONDON, July 3 (Reuters) - Oil product stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining hub fell by 3% on the week to their lowest since February 2024, data from Dutch consultancy Insights Global showed on Thursday.Total stocks stood at 5.34 million metric tons, the data s...Reuters
Thu, Jul 3
