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WTI extends the decline below $64.50 on reduced Middle East supply risk
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.45 during the Asian trading hours on Thursday. The WTI price extends downside after US President Donald Trump pushed Israel and Iran into a truce.
Fxstreet
Thu, Jun 26
Tropical depression hits southern China two weeks after Typhoon Wutip
BEIJING, June 26 (Reuters) - A tropical depression made landfall on China's island province of Hainan early on Thursday, the country's National Meteorological Centre said, bringing more rain to a region still reeling from Typhoon Wutip two weeks ago.The tropical depression is expected to mov...Reuters
Thu, Jun 26
US Cash Grains-Corn, soybean basis bids climb at processors, river and rail terminals
CHICAGO, June 25 (Reuters) - Spot basis bids for corn and soybeans were steady to improving at processors, river and rail terminals in the U.S. Midwest on Wednesday as futures for both plummeted.The soybean basis gained strength at a processor in Decatur, Illinois, and a river terminal in Davenport...Reuters
Wed, Jun 25
CIF/FOB Gulf Grain-Soybean barge basis steady-firm as futures dive, corn bids mixed
CHICAGO, June 25 (Reuters) - Basis bids for soybeans shipped by barge to the U.S. Gulf Coast for export were steady to firm on Wednesday on a sharp drop in futures prices, traders said.Export demand for U.S. soybeans remained seasonally slow as newly harvested Brazilian supplies are available at che...Reuters
Wed, Jun 25
EXCLUSIVE-US allows ethane to be loaded and shipped to China, but not unloaded, letter says
By Karen Freifeld June 25 (Reuters) - The U.S. sent letters to Enterprise Products EPD.N and Energy Transfer ET.N on Wednesday informing the companies they could load ethane on vessels destined for China but could not unload the ethane in China without authorization, according to a person familia...Reuters
Wed, Jun 25
Trump signals US may ease Iran oil sanction enforcement to help rebuild country
Trump signals US could ease Iran oil sanctions enforcementTrump: Iran will need money to put country into shapeWitkoff: U.S. aims to work with China on oil sanctionsBy Jeff Mason THE HAGUE, June 25 (Reuters) - President Donald Trump said on Wednesday that the U.S. has not given up its maximum pre...Reuters
Wed, Jun 25
LIVESTOCK-CME cattle futures mixed as consumer and retail demand declines
By Heather Schlitz CHICAGO, June 25 (Reuters) - Chicago Mercantile Exchange cattle futures ended mixed on Wednesday as market players weighed waning demand from consumers and retailers while hog futures turned higher, following a seasonal pattern, traders said. Near record-high beef prices may be...Reuters
Wed, Jun 25
Lithium miner SQM cuts 5% of Chile workforce as prices fail to bounce back
By Fabian Cambero and Daina Beth Solomon SANTIAGO, June 25 (Reuters) - The world's second-biggest lithium miner SQM SQMA.SN has begun laying off 5% of its Chilean workforce as it contends with a protracted slump in global prices for the battery metal, according to a company source and a union...Reuters
Wed, Jun 25
ICE canola futures rebound from oversold territory
WINNIPEG, Manitoba, June 25 (Reuters) - ICE canola futures bounced back slightly on Wednesday from a two-day slump triggered by the Middle East ceasefire.• July canola RSN5 settled up $4.40 at $697.80 per metric ton. November RSX5 settled up $8.40 at $714.60. Traders said the two-day June 23-24 sell...Reuters
Wed, Jun 25
US Plains HRW Wheat-Basis bids flat to higher with futures falling
CHICAGO, June 25 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were mostly steady at elevators and mills in a spot check of the southern U.S. Plains on Wednesday. Dealers said there was limited farmer selling as futures eased. Some locations began rolling on to the September contract. ...Reuters
Wed, Jun 25
Deals of the day - Mergers and acquisitions
June 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:** Candy maker Mars' takeover of Pringles maker Kellanova K.N could lead to price hikes because it will boost Mars' negotiating power with retailers, EU antitrust regulators war...Reuters
Wed, Jun 25
Goldman raises 2H25 copper price forecast on tariff-driven supply risks, China demand
Goldman Sachs forecasts copper price rise due to US tariffs, China demandTrump administration may impose 25% tariffs on copper importsCopper prices expected to peak at $10,050 in August, then ease by December June 25 (Reuters) - Goldman Sachs GS.N expects copper prices to rise in the second half ...Reuters
Wed, Jun 25
Black Lion submits $8 billion cash bid for Citgo's parent
Court officer to recommend auction's winner by July 2Judge Stark instructed advisors to prioritize price over certainty of closureResolution of parallel cases might have encouraged new biddersBy Marianna Parraga HOUSTON, June 25 (Reuters) - Black Lion Citgo Group, a consortium led by private ...Reuters
Wed, Jun 25
EXCLUSIVE-US allows ethane to be loaded and shipped to China, but not unloaded, letter says
By Karen Freifeld June 25 (Reuters) - The U.S. sent letters to Enterprise Products EPD.N and Energy Transfer ET.N on Wednesday informing the companies they could load ethane on vessels destined for China but could not unload the ethane in China without authorization, according to a person familia...Reuters
Wed, Jun 25
US proposes Gulf of Mexico oil and gas lease sale in December
June 25 (Reuters) - The Trump administration is proposing to hold a sale of oil and gas drilling rights on 80 million acres (32.4 million hectares)in the Gulf of Mexico on December 10 with lower deepwater royalty rates, according to the U.S. Bureau of Ocean Energy Management.President Donald Trump i...Reuters
Wed, Jun 25
US Cash Crude-Midland, Mars weaken on final day of roll trade
June 25 (Reuters) - Cash prices for WTI Midland WTC-WTM, a key sweet grade in the U.S., stayed at their weakest since October 2021 on Wednesday, the final day of the cash roll trade, dealers said. WTI Midland WTC-WTM was little changed at a midpoint of a 15-cent discount to U.S. crude futures CLc1. ...Reuters
Wed, Jun 25
Tesla's robotaxi peppered with driving mistakes in Texas tests
Traffic problems, driving mistakes feature in Tesla's robotaxi - passenger videosRobotaxis entered wrong lane, dropped passengers off in the middle of roads among other issuesProblems show limitations of Tesla's self-driving software - safety expertDriverless vehicle rivals Waymo and Cruise ...Reuters
Wed, Jun 25
GRAINS-Chicago corn drops to more contract lows as heavy supply weighs
Front and back-month corn contracts hit contract lowsWheat tips down on harvest pressureSoybeans edge lower on selling pressureBy Heather Schlitz CHICAGO, June 25 (Reuters) - Chicago Board of Trade front and back-month corn futures notched lifetime lows on Wednesday on expectations of a hefty Bra...Reuters
Wed, Jun 25
Oil rebounds on signs of strong US demand
US crude and fuel inventories fall on higher demand, EIA saysU.S. gasoline demand highest since December 2021Iran-Israel ceasefire reduces geopolitical supply concernsFed rate cut expectations support oil demand outlookBy Stephanie Kelly NEW YORK, June 25 (Reuters) - Oil prices rose nearly 1% on ...Reuters
Wed, Jun 25
US natgas prices fall over 4% on rising output, ample storage supplies
July gas futures to expire on ThursdayStockpiles seen at 6% above normal for this time of yearPower demand hit highest since August 2024 on TuesdayBy Scott DiSavino June 25 (Reuters) - U.S. natural gas futures fell over 4% to nearly a one-month low on Wednesday on rising output so far this mo...Reuters
Wed, Jun 25
