News
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SOFTS-Cocoa rises as investors weigh West Africa tensions, commodities index inclusion
NEW YORK, Nov 4 (Reuters) - Cocoa futures on ICE rose on Tuesday after soaring in the prior two sessions as investors priced in news of cocoa's inclusion in a major commodities index and simmering tensions in Nigeria and Cameroon, the world's fourth- and fifth-largest producers. C...Reuters
Tue, Nov 4
CBOT soybeans retreat from 16-month high on worries about Chinese demand
CHICAGO, Nov 4 (Reuters) - Chicago Board of Trade soybean futures crumbled on Tuesday over worries about U.S. export demand, after traders said Chinese buyers stepped up purchases of Brazilian cargoes in recent days.Prices Sv1 set 16-month highs on Monday on expectations that China would restart lar...Reuters
Tue, Nov 4
CBOT corn closes lower amid spillover pressure from weak soybeans
CHICAGO, Nov 4 (Reuters) - Chicago Board of Trade corn futures ended lower on Tuesday amid spillover pressure from soybean market losses, traders said.CBOT December corn CZ25 was down 2-3/4 cents at $4.31-1/2 per bushel at the end of trading. Broad market declines in crude oil CLc1, metals an...Reuters
Tue, Nov 4
Trump threatens food aid as cities, nonprofits ask judge to intervene
Trump sowed confusion with Truth Social post threatening SNAP benefitsWhite House says the administration is complying with court order to issue partial benefitsCities and nonprofits ask court to force Trump to issue full benefitsBy Nate Raymond and Leah Douglas Nov 4 (Reuters) - U.S. President D...Reuters
Tue, Nov 4
CBOT wheat ends higher on short covering, China demand hopes
CHICAGO, Nov 4 (Reuters) - Chicago Board of Trade wheat futures rose for a third straight session on Tuesday and hit a three-month peak as hopes for purchases by China lifted the market and sparked short covering, traders said.CBOT December soft red winter wheat WZ25 settled up 6-3/4 cents at $5.50-...Reuters
Tue, Nov 4
PRECIOUS-Gold slips more than 1% on stronger dollar as market awaits US jobs data
US ADP employment report due on WednesdayDollar trades at three-month highsPalladium falls more than 3%By Noel John and Pablo Sinha Nov 4 (Reuters) - Gold prices fell more than 1% on Tuesday as the dollar hit three-month highs, while traders awaited U.S. economic data for clues on the Federal Re...Reuters
Tue, Nov 4
GRAINS-Soybeans retreat after rally, wheat holds at three-month high
Soybeans off 16-month high as traders assess Chinese purchasesTalk of Chinese interest spurs short-covering in wheatCorn follows soy lower; StoneX raises US corn yield estimateBy Julie Ingwersen CHICAGO, Nov 4 (Reuters) - U.S. soybean futures fell on Tuesday, retreating from a 16-month high h...Reuters
Tue, Nov 4
US extends inspection deadline for Pennsylvania transit agency after fires
By David ShepardsonWASHINGTON, Nov 4 (Reuters) - President Donald Trump's administration, which has threatened to pull aging railcars from service in Pennsylvania, said on Tuesday it will extend a deadline for a state transit agency to inspect the fleet.On October 1, the Federal Railroad Adminis...Reuters
Tue, Nov 4
Trump administration may reconsider SouthCoast Wind project approval, judge rules
Nov 4 (Reuters) - A U.S. District Court judge ruled on Tuesday that U.S. President Donald Trump's Interior Department may reconsider the Biden-era approval of the SouthCoast Wind project planned off the coast of Massachusetts.SouthCoast Wind's developer is a joint venture between Portugal...Reuters
Tue, Nov 4
US Plains HRW Wheat-Wheat basis unchanged in muted trade
CHICAGO, Nov 4 (Reuters) - Basis bids for hard red winter (HRW) were flat in the U.S. Plains on Tuesday as farmers focused on planting the rest of the 2026 winter wheat crop.Analysts on average estimated U.S. winter wheat planting as 91% complete, up from last week's average trade estimate of 84...Reuters
Tue, Nov 4
EU wheat holds firm at two-month peak on euro weakness
PARIS, Nov 4 (Reuters) - Euronext wheat edged to its highest level since September 1 and slightly above Monday's previous two-month peak, helped by euro weakness and speculation of Chinese demand for U.S. wheat.December milling wheat BL2Z5, the most active contract on Euronext's Paris-based ...Reuters
Tue, Nov 4
Lukoil's overseas network buckles as Western sanctions bite
Sanctions disrupt Lukoil's operations in Iraq, Finland, and SwitzerlandLukoil to sell foreign assets to Gunvor amid sanctionsFinnish banks freeze payments to Teboil, risking job lossesBy Dmitry Zhdannikov, Ahmad Ghaddar and Robert Harvey LONDON, Nov 4 (Reuters) - Russian oil major Lukoil LKOH...Reuters
Tue, Nov 4
Europe Gasoline/Naphtha-Gasoline cracks fall
LONDON, Nov 4 (Reuters) - Northwest European gasoline profit margins were down $1.13 a barrel at $15.59 on Tuesday.A total of 9,000 metric tons of Eurobob E5 gasoline barges traded as Gunvor and Equinor sold to Shell, ExxonMobil, Varo and BMV.Another 8,000 tons of Eurobob E10 gasoline barges changed...Reuters
Tue, Nov 4
TotalEnergies forecasts rising oil demand until 2040 as energy transition slows
CEO says Paris Agreement climate goals out of reachForecasts 4.8% rise in oil demand by 2040 before fallingNatural gas demand expected to rise 10% by 2050Power demand projected to nearly double by 2050By America Hernandez PARIS, Nov 4 - French oil major TotalEnergies TTEF.PA expects global oil de...Reuters
Tue, Nov 4
Oman LNG, Spain's Naturgy sign MoU for purchase and sale of LNG
CAIRO, Nov 4 (Reuters) - Oman LNG on Tuesday signed a memorandum of understanding with Spanish power utility group Naturgy NTGY.MC to explore a long-term agreement for the purchase and sale of liquefied natural gas, the Omani news agency reported.The agreement, signed during an official visit by Oma...Reuters
Tue, Nov 4
Chile's Codelco cuts copper output guidance for 2025 despite higher production through September
By Fabian Cambero SANTIAGO, Nov 4 (Reuters) - Chile's Codelco COBRE.UL, the world's largest copper producer, cut on Tuesday its forecast for 2025 output, despite higher production in the year's first nine months through September.The state-owned miner lowered its copper production gui...Reuters
Tue, Nov 4
Marathon to operate refineries at 90% of combined capacity in Q4
NEW YORK, Nov 4 (Reuters) - Marathon Petroleum MPC.N plans to operate its 13 refineries at 90% of their combined 3-million barrel-per-day (bpd) capacity in the fourth quarter of 2025, said John Quaid, chief financial officer, during a Tuesday conference call.Reuters
Tue, Nov 4
OPEC oil output rises by 30,000 bpd in October, survey finds
By Alex Lawler LONDON, Nov 4 (Reuters) - OPEC's oil output rose further in October after an OPEC+ agreement to raise production, a Reuters survey found on Tuesday, though the scale of the increase slowed sharply from September and the summer months.The Organization of the Petroleum Exporting ...Reuters
Tue, Nov 4
EXCLUSIVE-How BP won its $1 billion-plus case against Venture Global
Venture Global faces four more arbitration casesBP argued that LNG producer behaved unfairly with spot sales Shell lost similar case two months earlierBy Stephanie Kelly, Marwa Rashad, Curtis Williams and Francesca Landini LONDON, Nov 4 (Reuters) - Oil major BP BP.L won its $1 billion-plus arbitr...Reuters
Tue, Nov 4
New $400 million Israel-Cyprus gas pipeline awaiting government approvals, Energean CEO says
Gas producer Energean signs letter of intentGas could flow within 12 months of being granted government approvalsPipeline capacity of 1 billion cubic metres per yearBy Sarah El Safty ABU DHABI, Nov 4 (Reuters) - A $400 million pipeline to transport natural gas from Israel to Cyprus is awaiting go...Reuters
Tue, Nov 4
