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CBOT wheat hits July high on technical buying, short covering
CHICAGO, Nov 17 (Reuters) - Chicago Board of Trade wheat futures Wv1 reached their highest level since July on Monday on technical buying and short covering, analysts said.Spillover support from strong gains in soybean futures also helped to lift wheat futures.Global wheat supplies were considered t...Reuters
Mon, Nov 17
CBOT corn ends higher on spillover support from rallying soybeans
CHICAGO, Nov 17 (Reuters) - Chicago Board of Trade corn futures finished stronger on Monday on spillover buying from a rally in the soybean market, analysts said. Corn futures rebounded a bit after sliding on Friday, while soybean futures climbed on expectations for U.S. sales to China.The U.S. Depa...Reuters
Mon, Nov 17
US natural gas futures drop 5% on record output, lower demand forecasts
Record gas output and high storage levels contribute to price declineLNG export plants see record gas flowsWaha Hub prices remain negative due to pipeline constraintsBy Scott DiSavino Nov 17 (Reuters) - U.S. natural gas futures fell about 5% on Monday on record output, ample amounts of gas in sto...Reuters
Mon, Nov 17
CBOT soybeans rally on expectations for US sales to China
CHICAGO, Nov 17 (Reuters) - Chicago Board of Trade soybean futures rallied to their highest level since June 2024 on Monday on expectations for U.S. sales to China, analysts said.Some traders said China was reported to be making purchases, though they were not confirmed.U.S. President Donald Trump s...Reuters
Mon, Nov 17
PRECIOUS-Gold edges lower as dollar firms; investors eye US data
Dollar extends gains against its main rivalsFed minutes due on WednesdayFocus on US non-farm payrolls report on ThursdayBy Pablo Sinha Nov 17 (Reuters) - Gold prices ticked down on Monday, pressured by a stronger dollar and reduced expectations of a U.S. interest rate cut next month, as investor...Reuters
Mon, Nov 17
US Cash Grains-Corn basis firms at processing and river sites
CHICAGO, Nov 17 (Reuters) - Basis bids for corn firmed across the U.S. Midwest on Monday, improving at processing sites and ethanol plants as well as river terminals, spot checks showed. The basis for corn improved by a nickel at Decatur, Illinois, a key processing site, and also strengthened at pro...Reuters
Mon, Nov 17
Trump's coffee tariff change helps US roasters, hurts Brazil
By Marcelo Teixeira, Roberto Samora and Oliver Griffin NEW YORK, Nov 17 (Reuters) - The Trump administration's decision to eliminate tariffs on most coffee bean imports will be a boon for coffee roasters and importers in the U.S., but top global grower Brazil will suffer because its coffee re...Reuters
Mon, Nov 17
Gold holds near $4,080, capped by hawkish Fed ahead of NFP data
Gold (XAU/USD) trades choppy during Monday’s session as market participants now expect the Federal Reserve (Fed) will keep rates unchanged at the December meeting, while they also wait for the release of the first tranche of US economic data this week.
Fxstreet
Mon, Nov 17
Goldman Sachs sees oil prices falling through 2026 on supply surge
Nov 17 (Reuters) - Oil prices are expected to decline through 2026, Goldman Sachs said on Monday, citing a production surge that will keep the market in a large surplus of around 2 million barrels per day.The bank forecast Brent crude will average $56 a barrel and WTI $52 in 2026, below current forw...Reuters
Mon, Nov 17
Trump to talk up economy in meeting with McDonald's owners, operators
Trump to meet McDonald's execs amid inflation concernsTrump reverses tariffs on 200+ imported food itemsInflation impacts lower- and middle-income earners most, firms reportBy Andrea Shalal and Steve Holland WASHINGTON, Nov 17 (Reuters) - Under mounting pressure from Americans worried about i...Reuters
Mon, Nov 17
Marathon El Paso Refinery Reports Shutdown Of Main Fractionator Reflux Pump
Nov 17 (Reuters) - MARATHON PETROLEUM: REPORTS EMISSIONS AT EL PASO, TEXAS REFINERY REPORTS EMISSIONS EVENT WAS CAUSED BY THE SHUTDOWN OF THE MAIN FRACTIONATOR REFLUX PUMPREPORTS REASON FOR THE SHUTDOWN IS UNDER INVESTIGATIONREPORTS FACILITY BEGAN STABILIZING AND SHUTTING DOWN PROCESS UNITS USING SH...Reuters
Mon, Nov 17
EU's EIB to work with Australian government on critical raw materials
BRUSSELS, Nov 17 (Reuters) - The EU's European Investment Bank and the Australian government said in a joint statement on Monday they would deepen cooperation on critical raw materials, as Western powers scramble to cut their reliance on China. With the exception of Japan, Group of Seven countri...Reuters
Mon, Nov 17
Oil prices steady after steep losses in previous session
EIA shows much larger-than-expected rise in weekly US crude stocksOPEC report implies oil supply will slightly exceed demand in 2026IEA says oil, natural gas demand to grow through 2050By Arathy Somasekhar HOUSTON, Nov 13 (Reuters) - Oil prices held largely steady on Thursday after declining arou...Reuters
Mon, Nov 17
Oil Product Deliveries To The Spanish Market From Fuel Distributor Exolum Terminals Decreased By 3.5% In October YoY
Nov 17 (Reuters) - Exolum:OIL PRODUCT DELIVERIES TO THE SPANISH MARKET FROM FUEL DISTRIBUTOR EXOLUM TERMINALS DECREASED BY 3.5% IN OCTOBER YEAR ON YEARSource: https://tinyurl.com/3vy38bz6Reuters
Mon, Nov 17
GRAINS-US soy futures hit June 2024 high on expectations for Chinese buying
Trump said China would buy US soybeansChina grapples with soy glut after record importsWheat futures set highest price since JulyBy Tom Polansek CHICAGO, Nov 17 (Reuters) - U.S. soybean futures climbed to the highest level since June 2024 on Monday as President Donald Trump's administration f...Reuters
Mon, Nov 17
METALS-Copper slips as macro concerns, firmer dollar weigh
Nov 17 (Reuters) - Copper prices fell for a second straight session on Monday, weighed down by a slightly firmer dollar, fading hopes for another Federal Reserve rate cut and a host of macro concerns.Benchmark three-month copper CMCU3 on the London Metal Exchange was down 0.7% at $10,776 per metric ...Reuters
Mon, Nov 17
Turkey says black box analysis, initial findings on cargo plane crash to take at least two months
ANKARA, Nov 17 (Reuters) - Turkish Defence Minister Yasar Guler said on Monday it would take at least two months to reach initial findings and analyse the black box of a Turkish cargo plane that crashed in Georgia last week and left 20 soldiers dead.The C-130 cargo aircraft had left Azerbaijan for T...Reuters
Mon, Nov 17
