News
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Gold sinks below $3,400 despite ongoing Middle East tensions
Gold price tumbled below $3,400 during the North American session, down over 1% despite tensions in the Middle East remaining high as the Israel-Iran conflict escalates. At the time of writing, XAU/USD trades at $3,399 after reaching an eight-week peak of $3,452.
Fxstreet
Mon, Jun 16
US Plains HRW Wheat-Basis bids flat as harvest accelerates
CHICAGO, June 16 (Reuters) - Spot basis bids for hard red winter wheat were steady in the U.S. Plains on Monday as farmers focused on harvesting. The U.S. harvest of winter wheat is expanding after a slow start. Analysts on average expected the USDA to show the harvest as 11% complete, up from 4% la...Reuters
Mon, Jun 16
US Cash Grains-Soybean bids lower as buyers scramble to protect margins
CHICAGO, June 16 (Reuters) - Spot soybean basis bids turned lower on Monday as buyers protected themselves against rising futures prices, analysts said.Soybean bids fell at an elevator, two processors and two river terminals.Corn bids were slightly mixed. The corn basis rose at an Illinois processor...Reuters
Mon, Jun 16
COLUMN-Crop Watch: Divergent pollination outlook for corn: Braun
By Karen BraunNAPERVILLE, Illinois, June 16 (Reuters) - The U.S. Crop Watch corn fields have notched their third consecutive week of improved health ratings, though some areas still need heat and sun for the crop to really take off.The producers want their corn to be in the best possible state for p...Reuters
Mon, Jun 16
Key Israeli military, intelligence hubs on Iran's list of targets, news agency says
CAIRO, June 16 (Reuters) - Key Israeli military and intelligence centress including the Ramat David air base near Haifa are on Iran's list of targets for airstrikes, Iran's semi-official Student News Network reported on Monday."In the coming hours, a crushing and proportionate response w...Reuters
Mon, Jun 16
Likely all machines at Iran's main enrichment plant 'severely damaged', IAEA chief says
Grossi changes assessment of damage underground at NatanzBelow-ground enrichment plant there is Iran's largestIsraeli strike knocked out power, threatening centrifugesAbove-ground enrichment plant at Natanz was destroyedFordow enrichment plant buried in mountain appears sparedBy Francois Murphy ...Reuters
Mon, Jun 16
Europe Gasoline/Naphtha-Gasoline profit margins rise
LONDON, June 16 (Reuters) - Northwest European gasoline profit margins rose by about 54 cents to $13.57 a barrel on Monday.6,000 metric tons of Eurobob E5 barges traded, with Gunvor selling to TotalEnergies and Varo.A further 14,000 tons of Eurobob E10 barges traded with Shell, TotalEnergies and Gun...Reuters
Mon, Jun 16
METALS-Copper gains on demand hopes from Chinese data
By Eric Onstad LONDON, June 16 (Reuters) - Copper prices rose on Monday after higher consumer spending in China raised hopes of a boost to metals demand in the country.Benchmark three-month copper CMCU3 on the London Metal Exchange was up 0.7% at $9,708 a metric ton by 1600 GMT, having recovered ...Reuters
Mon, Jun 16
Barrick Mining's gold complex placed under state control in Mali
Barrick says operational control transferred to an external administratorMali's actions risk deterring future mining investmentsBarrick's mining license expires in February 2026, according to sourcesBy Tiemoko Diallo, Portia Crowe and Divya Rajagopal BAMAKO, June 16 (Reuters) - Canada'...Reuters
Mon, Jun 16
LIVE MARKETS-As the market climbs a wall of worry, pick your spots to reach new heights
Main US indexes advance; Nasdaq out frontTech leads S&P sector gainers; Energy weakest groupEuro STOXX 600 index up ~0.4%Dollar, gold fall; crude down >2%; bitcoin up ~2.5%US 10-Year Treasury yield edges down to ~4.41% Welcome to the home for real-time coverage of markets brought to you by Re...Reuters
Mon, Jun 16
Power Up: Israel-Iran conflict spares global energy supplies, for now
June 16 (Reuters) - By Liz HamptonU.S. energy markets editor Hello Power Up readers! It has been a volatile few days in the oil patch, with prices surging last week after Israel launched a surprise attack on Iran. Futures posted the largest single-day gain since the Ukraine war started in 2022, ju...Reuters
Mon, Jun 16
EU moves ahead with Russian gas ban proposal despite Hungary, Slovakia vetoes
By Kate AbnettLUXEMBOURG, June 16 (Reuters) - Hungary and Slovakia on Monday opposed a planned European Union ban on Russian gas imports, though Brussels is expected to propose the law on Tuesday, which could pass without their approval.The European Commission aims to ban EU Russian gas and liquefie...Reuters
Mon, Jun 16
Barrick Holding Firm Through Icsid Arbitration Amid Malian Court Ruling
June 16 (Reuters) - Barrick Mining Corp ABX.TO:BARRICK HOLDING FIRM THROUGH ICSID ARBITRATION AMID MALIAN COURT RULINGBARRICK MINING CORP - SUBMITS REQUEST FOR PROVISIONAL MEASURES IN ARBITRATIONBARRICK MINING CORP - COMMITTED TO ENGAGING WITH MALIAN GOVERNMENT FOR SOLUTIONReuters
Mon, Jun 16
Hudbay Minerals resumes operations in Snow Lake after evacuation orders lifted
June 16 (Reuters) - Canada's Hudbay Minerals HBM.TO said on Monday it has resumed operations at its Snow Lake mining site in Manitoba following the lifting of evacuation orders in the region.Manitoba declared a state of emergency late last month and urged thousands of people in northern and east...Reuters
Mon, Jun 16
Boeing India Declines To Comment On Stephanie Pope's Meeting With Air India
June 16 (Reuters) - BOEING INDIA DECLINED TO COMMENT ON STEPHANIE POPE'S MEETING WITH AIR INDIABOEING INDIA ON AIR INDIA CRASH : SUPPORTING THE INVESTIGATION, AND OUR CUSTOMERSource text: [ID:]Further company coverage: AIRID.ULReuters
Mon, Jun 16
G7 leaders agree on strategy to protect critical mineral supply, draft document says
KANANASKIS, Alberta, June 16 (Reuters) - Group of Seven leaders on Monday provisionally agreed on a strategy to help protect the supply of critical minerals and bolster their economies, according to a draft statement seen by Reuters.The draft, which a source said had not yet been approved by U.S. Pr...Reuters
Mon, Jun 16
US Supreme Court to hear Chevron, Exxon appeal over Louisiana coastal damage
Federal court friendlier venue for companies in such casesAppeal involved suits by Plaquemines and Cameron parishes By Nate RaymondJune 16 (Reuters) - The U.S. Supreme Court agreed on Monday to hear a bid by Chevron CVX.N, Exxon Mobil XOM.N and other oil and gas companies to have lawsuits brought by...Reuters
Mon, Jun 16
Shipping disruption surges around Hormuz amid Israeli attacks on Iran, say naval agencies
Conflict between Israel and Iran began on FridayTehran has previously threatened to close Strait of HormuzAdvisories warn of interference with electronic systems LONDON, June 16 (Reuters) - Electronic interference with commercial ship navigation systems has surged in recent days around the St...Reuters
Mon, Jun 16
FACTBOX-Finance deals announced during UN Ocean Conference
LONDON, June 16 (Reuters) - The third U.N. Ocean Conference in France last week yielded a number of financial deals and money pledges to help protect the seas, although the gap between funding and the estimated annual need of $175 billion remains large.Below are a selection of the initiatives announ...Reuters
Mon, Jun 16
