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METALS-Copper gains as traders likely to continue shipping ahead of possible US tariffs
By Hongmei LiSINGAPORE, July 2 (Reuters) - Copper rose on the London Metal Exchange and Shanghai Futures Exchange on Wednesday, as traders are expected to continue rushing metal shipments to the U.S. ahead of potential import tariffs, further tightening already low inventories elsewhere.The most-tra...Reuters
Wed, Jul 2
BHP inks charter contracts with COSCO for ammonia dual-fuelled vessels
SINGAPORE, July 2 (Reuters) - Australia's BHP Group BHP.AX has signed contracts with China's COSCO Shipping for the charter of two ammonia dual-fuelled Newcastlemax bulk carriers, the mining giant said on Wednesday. The two vessels are expected to be delivered from 2028 and will be charted f...Reuters
Wed, Jul 2
PRESS DIGEST-Financial Times - July 2
July 2 (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- Santander to buy UK high street lender TSB for 2.65 billion pounds- Ofgem approves 24 billion pound investment into UK energy networks-...Reuters
Wed, Jul 2
Oil prices little changed as investors look ahead to OPEC+ meeting
SINGAPORE, July 2 (Reuters) - Oil futures were little changed on Wednesday as investors are wary ahead of a meeting of major producers this week to determine output levels for August.Brent crude LCOc1 was up 1 cent at $67.12 a barrel at 0124 GMT, while U.S. West Texas Intermediate crude CLc1 fell 5 ...Reuters
Wed, Jul 2
Safe-haven gold rises over 1% as Trump's tax cut and spending bill passes in US Senate
Gold hits over-one week highTrump's tax-cut bill passes in SenateUS payrolls data due on ThursdayBy Sarah Qureshi July 1 (Reuters) - Gold climbed more than 1% on Tuesday as investors sought safe haven assets after U.S. President Donald Trump's "big, beautiful bill" passed in the S...
Reuters
Wed, Jul 2
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, July 2 (Reuters) - Contract Target Support/Resistance Brent oil -res $67.71/$68.41sup $66.94/$66.48/$65.71Palm oil (3rd month)4,015/4,041 ringgitsup 3,975/3,961/3,936 ringgitWTI* $66.52sup $65.23/$64.52/$63.76Spot gold$3,364/$3,374sup $3,322/...Reuters
Wed, Jul 2
GRAINS-Wheat rises to 1-week high on bargain-buying; corn eases
SINGAPORE, July 2 (Reuters) - Chicago wheat rose for a second session on Wednesday to a one week high, as bargain-buying supported prices after recent losses, although pressure from the ongoing Northern Hemisphere harvest kept a lid on the market.Soybeans were largely unchanged, while corn ticked hi...Reuters
Wed, Jul 2
US Senate budget bill slashes money to fill oil reserve
WASHINGTON, July 1 (Reuters) - The budget bill passed by the U.S. Senate on Tuesday slashes the amount of money available to replenish the Strategic Petroleum Reserve even though President Donald Trump vowed on his first day in his second term to fill it "right to the top".Reuters
Wed, Jul 2
WTI edges lower below $65.00 as traders brace for OPEC+ decision
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.85 during the early Asian trading hours on Wednesday. The WTI price drifts lower as investors assess the developments surrounding geopolitical risks in the Middle East.
Fxstreet
Wed, Jul 2
US Cash Grains-Soy bids steady-higher, corn flat in slow selling
CHICAGO, July 1 (Reuters) - Spot basis bids for soybeans were steady to higher while corn bids were mixed in the U.S. Midwest on Tuesday as farmers hesitated to sell and global supply remained ample. An Iowa soy processor and crush plant raised their soy basis bids. Corn futures dropped to contract ...Reuters
Tue, Jul 1
US Cash Crude-Grades mixed as crude stocks build, WTI/Brent spread stays narrow
July 1 (Reuters) - Grades were mixed on Tuesday, dealers said, as industry data pointed to a rise in crude stocks last week, and as the spread between U.S. crude and Brent widened marginally. WTI Midland WTC-WTM and West Texas Sour WTC_WTS rose 20 cents each. Mars WTC-MRS eased 95 cents, while Light...Reuters
Tue, Jul 1
EXCLUSIVE-Iran made preparations to mine the Strait of Hormuz, US sources say
Mines loaded last month, raising fears of blockadeMining would have severely harmed global commerceU.S. has not ruled out possibility that loading the mines was a ruseBy Gram Slattery, Phil Stewart WASHINGTON, July 1 (Reuters) - The Iranian military loaded naval mines onto vessels in the Persian ...Reuters
Tue, Jul 1
US poultry producers sued by growers over hiring and pay
By Mike Scarcella July 1 (Reuters) - Poultry farmers sued a group of major U.S. meat processors on Tuesday, claiming they conspired to curtail recruitment and hiring of chicken growers and suppressed their pay below competitive levels.The proposed class action in the federal court in Oklahoma is ...Reuters
Tue, Jul 1
US Plains HRW Wheat-Basis bids steady amid light selling
CHICAGO, July 1 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were flat in the U.S. Plains on Tuesday amid a slow stream of farmer selling.The U.S. Department of Agriculture said 49% of the nation's winter wheat crop and 53% of the spring wheat crop was in good-to-excellent conditi...Reuters
Tue, Jul 1
LIVESTOCK-CME cattle futures dive after USDA sets timeline for Mexico import restart
By Karl Plume CHICAGO, July 1 (Reuters) - Chicago Mercantile Exchange cattle futures fell on Tuesday, led by sharp declines in feeder cattle values after the U.S. Department of Agriculture announced a gradual restart of Mexican livestock imports following a prolonged closure over the damaging pes...Reuters
Tue, Jul 1
Oil settles up on signs of strong demand, investors await OPEC+ decision
Oil rises on positive demand indicators from China, Saudi, RussiaOPEC+ meets on July 6, expected to hike August output by 411,000 bpdInvestors also watching for developments in US trade talksBy Shariq Khan NEW YORK, July 1 (Reuters) - Oil prices edged higher on Tuesday as investors took stock of ...Reuters
Tue, Jul 1
Despite last-minute changes, US Senate bill deals big blow to renewable energy
Senate bill complicates new wind, solar projects Bill could lead to higher utility bills, job lossesHouse urged to improve usability of wind, solar tax creditsBy Valerie Volcovici WASHINGTON, July 1 (Reuters) - The U.S. Senate's massive budget bill that passed on Tuesday will make it harder t...Reuters
Tue, Jul 1
CIF/FOB Gulf Grain-Corn, soybean barge basis steady-firm as futures fall
CHICAGO, July 1 (Reuters) - Basis bids for soybeans and corn shipped by barge to the U.S. Gulf Coast for export were mostly steady to higher on Tuesday, as grain futures slumped sharply on the day, traders said. Chicago Board of Trade corn futures fell to contract lows on Tuesday as more favo...Reuters
Tue, Jul 1
