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PRECIOUS-Gold rises on weaker dollar as markets await Fed rate-cut clues
July 1 (Reuters) - Gold prices rose on Tuesday, supported by a weaker U.S. dollar, as investors awaited labour market data due later this week to assess the Federal Reserve's potential rate-cut trajectory amid renewed calls from U.S. President Donald Trump to lower rates.FUNDAMENTALS* Spot gold ...Reuters
Tue, Jul 1
GRAINS-Corn drops for second session on improved US crop rating
SINGAPORE, July 1 (Reuters) - Chicago corn fell on Tuesday, with prices under pressure from a weekly U.S. report showing robust crop conditions, boosting prospects of higher output amid plentiful Brazilian supplies. Soybeans eased as quarterly stocks data from the U.S. Department of Agriculture (USD...Reuters
Tue, Jul 1
Oil edges down on expectations of more OPEC+ supply, tariff fears
By Anjana Anil July 1 (Reuters) - Oil prices edged down on Tuesday, weighed by expectations of an OPEC+ output hike in August and concerns of an economic slowdown driven by prospects of higher U.S. tariffs.Brent crude futures for September delivery LCOc1 fell 16 cents, or 0.24%, to $66.58 a barre...Reuters
Tue, Jul 1
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, July 1 (Reuters) - Contract Target Support/Resistance Brent oil $65.71/$64.48res $66.94/$67.71/$68.41Palm oil (3rd month)3,939 ringgitres 4,017/4,049 ringgitWTI* $64.52/$63.76/$63.29res $65.23/$65.75/$66.52Spot gold$3,322/$3,335sup $3,295/$3,...Reuters
Tue, Jul 1
WTI loses traction below $64.50 on easing Middle East geopolitical risks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.25 during the Asian trading hours on Tuesday. The WTI price edges lower amid easing Middle East geopolitical risks and a possible OPEC+ output increase in August.
Fxstreet
Tue, Jul 1
G7 urges talks to resume for deal on Iran nuclear program
G7 nations say they support Israel-Iran ceasefireTrump announced ceasefire a week agoG7 condemned threats against head of U.N. nuclear watchdogBy Kanishka Singh and Ismail Shakil WASHINGTON/OTTAWA, June 30 (Reuters) - Foreign ministers from the Group of Seven nations said on Monday they supported...Reuters
Tue, Jul 1
US Cash Grains-Corn bids mixed, soybean bids steady
CHICAGO, June 30 (Reuters) - Spot basis bids for corn were mixed in the U.S. Midwest on Monday while soybean bids were steady as industry players eyed weather patterns and crop conditions for the nascent corn and soybean crops. Corn bids fell at an Illinois elevator and rose at an Illinois processor...Reuters
Mon, Jun 30
Panama ships part of stockpiled copper out of closed First Quantum mine
By Elida Moreno and Divya Rajagopal PANAMA CITY, June 30 (Reuters) - More than a quarter of the copper concentrate stockpiled at First Quantum Minerals' FM.TO Cobre Panama mine since it was closed in late 2023 has been shipped from the site, Panamanian officials said on Monday. The removal of...Reuters
Mon, Jun 30
USDA announces phased reopening of Mexican cattle imports after screwworm closure
Phased reopening to start July 7 with Douglas, Arizona as lowest risk entry pointPorts in New Mexico and Texas to reopen in coming weeks, USDA evaluates conditionsBy Karl Plume CHICAGO, June 30 (Reuters) - The U.S. Department of Agriculture announced on Monday a phased reopening of cattle, bison ...Reuters
Mon, Jun 30
US Cash Crude-Grades ease on narrow WTI/Brent spreads
June 30 (Reuters) - Coastal grades eased on Monday, dealers said, as the spread between U.S. crude futures and the global benchmark Brent remained narrow. Light Louisiana Sweet WTC-LLS for August delivery eased 30 cents, while Mars Sour WTC-MRS weakened 40 cents. U.S. crude futures' discount to ...Reuters
Mon, Jun 30
GRAINS-Soy futures end mixed; corn and wheat sag after USDA reports
USDA reports larger-than-expected soybean and wheat stocksCorn futures pressured by strong crop conditionsWheat prices anchored by harvest pressureBy Julie Ingwersen CHICAGO, June 30 (Reuters) - Chicago Board of Trade soybean futures ended mixed on Monday, with nearby contracts under pressure aft...Reuters
Mon, Jun 30
LIVESTOCK-CME lean hog futures dive 2.5% as pork prices tumble
By Karl Plume CHICAGO, June 30 (Reuters) - Chicago Mercantile Exchange lean hog futures fell on Monday in a profit-taking and fund selling retreat as wholesale pork values tumbled and the cash hog market weakened, analysts said.The actively traded August hog contract LHQ25 ended down 2.775 cents ...Reuters
Mon, Jun 30
Republican senators seek to change Senate bill clean energy tax, improve tax credits
Republican amendment would remove two contentious parts of Senate billUS Chamber of Commerce warns against new tax on solar, wind Building trades union warns of significant construction job losses Senators, groups say hobbling renewable energy will drive up energy pricesBy Valerie Volcovici WASHI...Reuters
Mon, Jun 30
Morgan Stanley sees Brent at $60/bbl by early next year
June 30 (Reuters) - Brent crude will likely retrace to around $60 per barrel by early next year, with the market being well supplied and geopolitical risk abating following the Israel-Iran de-escalation, Morgan Stanley said in a note on Monday.The bank added it sees robust supply growth from non-OPE...Reuters
Mon, Jun 30
FACTBOX-Where trade talks stand with major US partners ahead of tariffs-hike deadline
June 30 (Reuters) - Negotiators from more than a dozen major U.S. trading partners are rushing to reach agreements with U.S. President Donald Trump's administration by a July 9 deadline to avoid import tariffs jumping to higher levels, and Trump and his team kept up the pressure on Monday.With o...Reuters
Mon, Jun 30
Coal used to make steel gets break in Trump's tax bill
By Timothy Gardner WASHINGTON, June 30 (Reuters) - Coal used to make steel got a break in the latest version of President Donald Trump's tax bill, a subsidy that could be worth hundreds of millions of dollars over 10 years for a fuel that is mostly exported to countries including China. In Ap...Reuters
Mon, Jun 30
USDA announces phased reopening of Mexican cattle imports after screwworm closure
Phased reopening to start July 7 with Douglas, Arizona as lowest risk entry pointPorts in New Mexico and Texas to reopen in coming weeks, USDA evaluates conditionsBy Karl Plume CHICAGO, June 30 (Reuters) - The U.S. Department of Agriculture announced on Monday a phased reopening of cattle, bison ...Reuters
Mon, Jun 30
Copper concentrate was shipped out of First Quantum's closed Panama mine, government says
June 30 (Reuters) - More than 33,000 metric tons of copper concentrate have been sent out of First Quantum's FM.TO closed Cobre Panama mine, the Panamanian trade and industry ministry said on Monday.The ministry said the extraction process was "gradual," without specifying how much more ...Reuters
Mon, Jun 30
Morgan Stanley sees Brent at $60/bbl by early next year
June 30 (Reuters) - Brent crude will likely retrace to around $60 per barrel by early next year, with the market being well supplied and geopolitical risk abating following the Israel-Iran de-escalation, Morgan Stanley said in a note on Monday.The bank added it sees robust supply growth from non-OPE...Reuters
Mon, Jun 30
CIF/FOB Gulf Grain-Soybean barge bids steady-higher, corn steady-lower
CHICAGO, June 30 (Reuters) - Basis bids for soybeans shipped by barge to the U.S. Gulf Coast for export were steady to higher on Monday, while bids for corn were steady to lower as South American supplies pressured market demand, traders said. Chicago Board of Trade corn futures closed mostly...Reuters
Mon, Jun 30
