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METALS-Metals rangebound as caution prevails after Iran-Israel truce announcement
By Hongmei Li SINGAPORE, June 24 (Reuters) - Most metals on the London Metals Exchange and Shanghai Futures Exchange were rangebound on Tuesday as caution prevailed after U.S. President Donald Trump announced the Iran-Israel ceasefire.LME three-month copper CMCU3 was up 0.04% at $9671.5 per metri...Reuters
Tue, Jun 24
Starbucks says it is not currently considering a full sale of its China operations
June 24 (Reuters) - U.S. cafe chain Starbucks SBUX.O said it is not currently considering a full sale of its China operations, after Chinese financial magazine Caixin reported that it was without disclosing where it obtained the information.Starbucks has held preliminary talks with more than a dozen...Reuters
Tue, Jun 24
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, June 24 (Reuters) - Contract Target Support/Resistance Brent oil $68.41/$67.71/$66.94res $69.70/$70.93Palm oil (3rd month)4,017 ringgitres 4,096/4,121 ringgitWTI* $64.52/$63.76/$62.52res $66.52/$67.75Spot gold$3,324res $3,368/$3,378/$3,402LME...Reuters
Tue, Jun 24
AVZ Minerals to resume proceedings against DRC over disputed lithium deposit
June 24 (Reuters) - Australia's AVZ Minerals said on Tuesday it will resume proceedings against the Democratic Republic of Congo (DRC) over mining rights to the Manono lithium deposit after the parties were unable to reach a settlement on a legal dispute over the deposit.The unresolved issue pos...Reuters
Tue, Jun 24
Australia's AVZ Minerals fails to reach settlement over disputed Manono project
June 24 (Reuters) - Australia's AVZ Minerals said on Tuesday it has been unable to resolve a legal dispute with the Democratic Republic of Congo over mining rights to the Manono lithium deposit.The unresolved issue poses a potential hurdle for California-based metals exploration firm KoBold Meta...Reuters
Tue, Jun 24
WTI tumbles to near $65.00 as Trump announces Israel-Iran ceasefire
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.15 during the Asian trading hours on Tuesday. The WTI price falls as US President Donald Trump said a ceasefire has been agreed upon between Iran and Israel, relieving fears of supply disruption in the region.
Fxstreet
Tue, Jun 24
INSTANT VIEW-Investors react after Trump announced ceasefire between Iran and Israel
June 23 (Reuters) - U.S. President Donald Trump said on Monday that a "complete and total" ceasefire between Israel and Iran will go into force with a view to ending the conflict between the two nations."On the assumption that everything works as it should, which it will, I would like to...Reuters
Mon, Jun 23
US Cash Grains-Corn basis bids mostly steady to higher
CHICAGO, June 23 (Reuters) - Spot basis bids for corn were steady to higher at grain elevators, processors and river terminals on Monday as futures weakened on favorable weather in the U.S. Midwest, according to a spot check of locations in the region. The corn basis improved at a grain elevator in ...Reuters
Mon, Jun 23
'Oppressive' heat triggers health warnings across US East, Midwest
'Feels like' temperature on East Coast could reach 110F/43CTrains disrupted, electricity demand spikesExtreme heat becoming new normal, scientists warn By Patrick Wingrove and Katy Daigle June 23 (Reuters) - Tens of millions of people sweltered across the U.S. Northeast and Midwest on Mon...Reuters
Mon, Jun 23
INSTANT VIEW-Investors react after Trump announced ceasefire between Iran and Israel
June 23 (Reuters) - U.S. President Donald Trump said on Monday that a "complete and total" ceasefire between Israel and Iran will go into force with a view to ending the conflict between the two nations."On the assumption that everything works as it should, which it will, I would like to...Reuters
Mon, Jun 23
US safety agency contacts Tesla on robotaxi issues seen in online videos
By David Shepardson WASHINGTON, June 23 (Reuters) - The National Highway Traffic Safety Administration is seeking information from Tesla TSLA.O after reviewing online videos of a robotaxi allegedly using the wrong lane and of speeding by another driverless vehicle. The U.S. auto safety age...Reuters
Mon, Jun 23
Trump administration to open undeveloped forests to mining, logging
USDA to rescind Clinton-era ban on mining, logging and roads in pristine national forestsAgency cites need to manage forests due to increase in wildfiresEnvironmental group says roads increase fire riskBy Andrew Hay June 23 (Reuters) - The U.S. Department of Agriculture will rescind a Clinton-era...Reuters
Mon, Jun 23
US Cash Crude-Cash grades mixed on first day of roll trade
June 23 (Reuters) - U.S. cash crude differentials were mixed on Monday, the first day of the roll trading period, dealers said, and after Iran took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz.Instead, Iran attacked a U.S. military base in Qatar in retaliation for U.S...Reuters
Mon, Jun 23
INSTANT VIEW-Investors react after Trump announced ceasefire between Iran and Israel
June 23 (Reuters) - U.S. President Donald Trump said on Monday that a "complete and total" ceasefire between Israel and Iran will go into force with a view to ending the conflict between the two nations."On the assumption that everything works as it should, which it will, I would like to...Reuters
Mon, Jun 23
CIF/FOB Gulf Grain-Corn barge basis steady-firm on lower futures, soy mixed
CHICAGO, June 23 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast export terminals were steady to slightly higher on Monday as futures prices retreated on crop-boosting weather, traders said.CIF soybean basis bids at the Gulf were weak for spot shipments following a surge in inc...Reuters
Mon, Jun 23
US crude oil futures fall over $3 as Trump announces Israel-Iran ceasefire
June 23 (Reuters) - U.S. crude futures fell on Tuesday to their lowest level in more than a week as U.S. President Donald Trump said a ceasefire has been agreed between Iran and Israel, relieving worries of supply disruption in the area.U.S. West Texas Intermediate crude CLc1 fell $3.05, or 4.45%, t...Reuters
Mon, Jun 23
LIVESTOCK-CME live cattle dip on fund liquidation, lower choice beef prices
By Karl PlumeCHICAGO, June 23 (Reuters) - Chicago Mercantile Exchange live cattle fell to a 3-1/2 week low on Monday on long liquidation by funds and profit-taking following recent all-time highs, traders said.The market retreated despite neutral to bullish data in the monthly U.S. Department of Agr...Reuters
Mon, Jun 23
US electric grids brace for scorching heat as energy prices surge
By Scott DiSavino and Laila Kearney NEW YORK, June 23 (Reuters) - U.S. grid operators on Monday directed power plants to maximize their output as wholesale electricity prices skyrocketed during a dangerous heat wave afflicting the eastern half of the country.When homes and businesses crank up ene...Reuters
Mon, Jun 23
WRAPUP 14-Iran fires missiles at US base in Qatar, Trump calls for peace
LATEST DEVELOPMENTS:Iran's missile attack on US base in Qatar causes no injuriesTrump praises Iran's advance notice, urges peace with IsraelOil prices drop 7%By Andrew Mills, Parisa Hafezi and Alexander Cornwell DOHA/ISTANBUL/TEL AVIV, June 23 (Reuters) - Iran launched a missile attack on...Reuters
Mon, Jun 23
US Plains HRW Wheat-Basis bids steady as harvest advances
CHICAGO, June 23 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were unchanged at elevators and mills in a spot check of the southern U.S. Plains on Monday.In its weekly crop progress and condition report, the U.S. Department of Agriculture rated 49% of the winter wheat crop good to exc...Reuters
Mon, Jun 23
