News
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METALS-Copper climbs on US shutdown deal, supply tightness
SHANGHAI, Nov 11 (Reuters) - Copper prices climbed on Tuesday, as a potential resolution to the U.S. federal government shutdown lifted market sentiment, while fresh production data reinforced expectations of tighter supply next year.The most-traded copper contract SCFcv1 on the Shanghai Futures Exc...Reuters
Tue, Nov 11
Oil retreats on oversupply worries
Nov 11 (Reuters) - Oil prices dipped in early Asian trade on Tuesday, trimming gains from the previous session as oversupply concerns outweighed optimism over a potential resolution to the U.S. government shutdown. Brent crude futures LCOc1 fell 13 cents, or 0.2%, to $63.93 a barrel by 0100 GMT. U.S...Reuters
Tue, Nov 11
LIVESTOCK-CME cattle futures soar in technical bounce; daily limits widen for Tuesday's trade
By Julie Ingwersen CHICAGO, Nov 10 (Reuters) - Feeder cattle futures on the Chicago Mercantile Exchange settled up their daily limit on Monday and benchmark live cattle futures ended nearly limit-up in what analysts said was a largely technical bounce after a steep sell-off last week.Additional s...Reuters
Tue, Nov 11
GRAINS-Soybeans ease after rally, market eyes Chinese purchases
SINGAPORE, Nov 11 (Reuters) - Chicago soybeans slid for the first time in three sessions on Tuesday, as the market came under pressure amid a lack of large-scale purchases by China, the world's biggest importer of the oilseed, despite earlier announcements from officials in Washington.Corn price...Reuters
Tue, Nov 11
PRECIOUS-Gold scales near three-week peak on Fed rate cut bets
Nov 11 (Reuters) - Gold extended gains to a near three-week high on Tuesday, as growing expectations of another U.S. Federal Reserve interest rate cut in December lifted demand for the safe-haven asset.FUNDAMENTALSSpot gold XAU= was up 0.4% at $4,131.83 per ounce by 0053 GMT, its highest since Octob...Reuters
Tue, Nov 11
Japan's rice prices on rise again in test for new prime minister
KISARAZU, Japan, Nov 11 (Reuters) - At a farmer's market not far from Tokyo, more than 100 shoppers queued for a chance to get a kilo or so of Japanese rice for 500 yen ($3.32) by carefully heaping as much of the grain into a small wooden box as possible.Reuters
Tue, Nov 11
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Nov 11 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)-res $64.23/$65.21sup $63.70/$63.28/$62.65Palm oil (3rd month)4,152 ringgitsup 4,107/4,080/4,044 ringgitWTI(1st month)-sup $59.65/$59.22res $60.35/$60.78Spot gold$4,14...Reuters
Tue, Nov 11
Gold Price Forecast: XAU/USD holds positive ground above $4,100 as Fed rate cut expectations rise
Gold price (XAU/USD) holds positive ground near $4,120 during the early Asian session on Tuesday. The precious metal edges higher after reaching a two-week high in the previous session, amid prospects for rate cuts by the US Federal Reserve (Fed) in December and a softer US Dollar (USD).
Fxstreet
Tue, Nov 11
GRAINS-Soybeans rise on China demand hopes, corn and wheat rebound
Investors welcome progress toward ending US federal shutdownSoybeans up for second session, market awaits Chinese buyingCorn, wheat rise after two-day slideBy Julie Ingwersen CHICAGO, Nov 10 (Reuters) - Chicago Board of Trade soybean, corn and wheat futures rose on Monday on signs of progress tow...Reuters
Mon, Nov 10
US Plains HRW Wheat-Basis bids flat as futures firm
CHICAGO, Nov 10 (Reuters) - Basis bids remained steady for hard red winter wheat at grain elevators in the southern U.S. Plains on Monday as futures rose. K.C. December hard red winter wheat KWZ25 ended up 7-3/4 cents at $5.27 a bushel. Forecaster Commodity Weather Group showed drier weather in the ...Reuters
Mon, Nov 10
Glenfarne, Baker Hughes Announce Definitive Agreements To Advance Alaska LNG
Nov 11 (Reuters) - Baker Hughes Co BKR.O:GLENFARNE, BAKER HUGHES ANNOUNCE DEFINITIVE AGREEMENTS TO ADVANCE ALASKA LNGBAKER HUGHES CO - COMMITS TO STRATEGIC INVESTMENT IN ALASKA LNGBAKER HUGHES CO - PHASE ONE INCLUDES 807-MILE PIPELINE FOR ALASKA ENERGY NEEDSBAKER HUGHES CO - PHASE TWO TO ADD LNG TER...Reuters
Mon, Nov 10
EXPLAINER-When will US air travel be back to normal? Not this week
WASHINGTON, Nov 10 (Reuters) - Despite hopes the federal government shutdown could end this week, air travelers in the United States are still in for a rough few days of cancellations and delays nationwide before taking to the skies gets back to normal.The Federal Aviation Administration instructed ...Reuters
Mon, Nov 10
Baker Hughes to supply Alaska LNG project with key equipment
Nov 10 (Reuters) - Oilfield services provider Baker Hughes BKR.O will supply key equipment for the proposed Alaska LNG project that aims to build a pipeline and terminal to send natural gas from the North Slope of Alaska for export to Asia and other markets, the project's top developer said on M...Reuters
Mon, Nov 10
Brazil's MBRF posts core earnings, revenue beat with record volumes
SAO PAULO, Nov 10 (Reuters) - Brazilian food processor MBRF MBRF3.SA reported on Monday core earnings and net revenue above analysts' estimates in its first quarterly results as a joint entity following beef company Marfrig's takeover of poultry and pork firm BRF.MBRF reported a net profit o...Reuters
Mon, Nov 10
CANADA-CRUDE-Discount on Western Canada Select widens
Nov 10 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 widened on Monday.WCS for December delivery in Hardisty, Alberta, settled at $11.70 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Friday'...Reuters
Mon, Nov 10
Canada agriculture minister says canola trade prospects are improving after China visit
By Ed White WINNIPEG, Nov 10 (Reuters) - Canada's agriculture minister said in an interview on Monday his weeklong trip to China is evidence of bilateral relations beginning to thaw, something desperately needed by Canada's farmers and canola exporters.Canada's canola exports have bee...Reuters
Mon, Nov 10
Brazil's MBRF posts 62% decline in third-quarter net profit
SAO PAULO, Nov 10 (Reuters) - Brazilian food processor MBRF MBRF3.SA reported on Monday a net profit of 94 million reais ($17.4 million) for the third quarter, down 62% from a year earlier. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) came in at 3.5 billion reais,...Reuters
Mon, Nov 10
CBOT wheat ends higher on short-covering, US government optimism
CHICAGO, Nov 10 (Reuters) - Chicago Board of Trade wheat futures closed higher on Monday on short-covering and spillover strength from grains, crude oil and equity markets tied to progress in Washington toward ending a government shutdown, brokers said.CBOT December soft red winter wheat WZ25 settle...Reuters
Mon, Nov 10
