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Goldman hikes December 2026 gold price forecast to $4,900/oz
Oct 7 (Reuters) - Goldman Sachs raised on Monday its December 2026 gold price forecast to $4,900 per ounce from $4,300, citing strong Western exchange-traded fund (ETF) inflows and likely central bank buying."We see the risks to our upgraded gold price forecast as still skewed to the upside on n...Reuters
Tue, Oct 7
Goldman Sachs hikes December 2026 gold forecast to $4,900/oz
Oct 7 (Reuters) - Goldman Sachs on Monday raised its December 2026 gold price forecast to $4,900 per ounce from $4,300 per ounce, citing strong Western ETF inflows and likely central bank buying."We see the risks to our upgraded gold price forecast as still skewed to the upside on net, because p...Reuters
Tue, Oct 7
Oil steady as market chews over OPEC+ output hike, supply glut fear
By Anjana Anil Oct 7 (Reuters) - Oil prices were steady on Tuesday, with sentiment toward a smaller-than-anticipated OPEC+ output hike dulled by weakening global demand and the potential for a supply glut.Brent crude futures LCOc1 gained 1 cent, or 0.02%, to $65.48 a barrel by 0014 GMT. U.S. West...Reuters
Tue, Oct 7
CIF/FOB Gulf Grain-Soybean, corn barge basis bids steady, export premiums firm
CHICAGO, Oct 6 (Reuters) - Basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals were steady and export premiums firmed on Monday, as low water levels on stretches of the Ohio and Mississippi rivers kept barge prices higher, traders said.CIF Gulf soybean barges loaded in Oct...Reuters
Tue, Oct 7
GRAINS-Soybeans slip as rapid planting in Brazil points to ample supply
CANBERRA, Oct 7 (Reuters) - Chicago soybean futures edged lower on Tuesday as rapid planting in Brazil underscored expectations of plentiful supply and U.S. farmers continued to reap a harvest that companies in China, the biggest soy importer, aren't buying. Corn and wheat futures were also drag...Reuters
Tue, Oct 7
Gold Price Forecast: XAU/USD drifts higher above $3,950 on global uncertainty
Gold price (XAU/USD) extends its rally to around $3,970 during the early Asian session on Tuesday. The precious metal edges higher on political uncertainty across the globe and the expectation of a US interest rate cut.
Fxstreet
Mon, Oct 6
U.S. Plains HRW Wheat-Basis flat as wheat planting continues
CHICAGO, Oct 6 (Reuters) - Basis bids for hard red winter wheat held steady on Monday at grain elevators across the southern U.S. Plains in quiet trade as producers in the region focused on planting the 2026 winter wheat crop and harvesting corn, soybeans and sorghum in between rain showers. Analyst...Reuters
Mon, Oct 6
Venture Global - For Quarter Ended September 30, Exports 100 Cargos Totaling 371.8 Tbtu - SEC Filing
Oct 6 (Reuters) - VENTURE GLOBAL INC - FOR QUARTER ENDED SEPTEMBER 30, EXPORTS 100 CARGOS TOTALING 371.8 TBTU - SEC FILINGVENTURE GLOBAL- IN Q3 EXPORTS 36 CARGOS FROM CALCASIEU PASS TOTALING 133.0 TBTU, REALIZING WEIGHTED AVERAGE FIXED LIQUEFACTION FEE OF $1.97/MMBTUVENTURE GLOBAL- IN Q3 EXPORTS 64 ...Reuters
Mon, Oct 6
Exxon expects up to $300 million boost to Q3 upstream earnings from oil prices
By Sumit Saha and Sheila Dang Oct 6 (Reuters) - Exxon Mobil XOM.N said on Monday changes in crude oil prices over the third quarter could impact the company's upstream earnings from negative $100 million to as much as a positive $300 million.The company also signaled in a regulatory filing th...Reuters
Mon, Oct 6
LIVESTOCK-Cattle firm as beef prices turn higher, supplies remain tight
By Karl Plume CHICAGO, Oct 6 (Reuters) - Chicago Mercantile Exchange cattle futures rose for a second straight session on Monday, supported by technical buying and as beef prices turned higher after a month-long decline, analysts said.Tight cattle supplies also continued to underpin the market as...Reuters
Mon, Oct 6
Gold set to become Australia's second-biggest resource earner
MELBOURNE, Oct 7 (Reuters) - Australia said on Tuesday it expected gold to become its second most valuable resource export after iron ore this financial year, dislodging liquefied natural gas, as concerns over geopolitical instability fuel demand for the safe-haven metal.Australia's gold exports...Reuters
Mon, Oct 6
US Cash Crude-Grades rise as WTI/Brent spread widens
Oct 6 (Reuters) - Grades broadly rose on Monday, dealers said, as the spread between West Texas Intermediate crude futures and global benchmark Brent widened, which typically makes U.S. grades more attractive to foreign buyers.The discount WTCLc1-LCOc1 widened to as much as minus $4.15 a barrel. A d...Reuters
Mon, Oct 6
Brazil's Lula and Trump agree to meet in person after friendly call
Lula and Trump discuss economic and trade relationsTariffs trigger drop in Brazilian coffee and beef exports to USTrump assigns Rubio to negotiate tariffs with BrazilBy Lisandra Paraguassu and Isabel Teles BRASILIA, Oct 6 (Reuters) - Brazilian President Luiz Inacio Lula da Silva and U.S. Presiden...Reuters
Mon, Oct 6
Trump bailout for trade-hit US farmers expected this week
White House meetings on aid held, announcement expected soonPlan faces hurdles due to ongoing government shutdownBailout framed as a 'bridge' for harvest months, source saysBy Leah Douglas and Bo Erickson WASHINGTON, Oct 6 (Reuters) - The Trump administration is expected to announce a pla...Reuters
Mon, Oct 6
Century Aluminum Signs Power Agreement Extension With Santee Cooper Through 2031
Oct 6 (Reuters) - Century Aluminum Co CENX.O:CENTURY ALUMINUM SIGNS POWER AGREEMENT EXTENSION WITH SANTEE COOPER THROUGH 2031CENTURY ALUMINUM CO - PLANS $50 MILLION INVESTMENT TO RESTART IDLE CAPACITY, BOOST PRODUCTION & INCREASE OVERALL U.S. ALUMINUM OUTPUTCENTURY ALUMINUM CO - EXPANSION TO CRE...Reuters
Mon, Oct 6
CANADA-CRUDE-Discount on Western Canada Select narrows
Oct 6 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 narrowed on Monday.WCS for November delivery in Hardisty, Alberta, settled at $10.75 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Friday'...Reuters
Mon, Oct 6
Mexico confirms new screwworm case in northern border state Nuevo Leon
By Cassandra Garrison MEXICO CITY, Oct 6 (Reuters) - Mexico's agriculture ministry said on Monday another case of the flesh-eating screwworm parasite was detected in Nuevo Leon, which borders the United States, marking the state's second confirmed case in about two weeks. The infested ca...Reuters
Mon, Oct 6
Fire at ONEOK facility in Mont Belvieu, Texas extinguished
Oct 6 (Reuters) - A fire at ONEOK's OKE.N natural gas liquids fractionation facility in Mont Belvieu, Texas was quickly extinguished and the facility is now stable, the midstream energy infrastructure company said in an email statement on Monday."All personnel are accounted for," the com...Reuters
Mon, Oct 6
