News
Important Only
GRAINS-CBOT soybeans set for strongest week since April on China buying agreement
BEIJING, Oct 31 (Reuters) - Chicago soybean futures edged lower on Friday, remaining on course for their largest weekly gain in more than six months, buoyed by news that Beijing has agreed to ramp up purchases of U.S. farm goods as part of a trade truce with Washington.Corn and wheat were also set f...Reuters
Fri, Oct 31
Indian Oil buys Russian crude from non-sanctioned entities, sources say
NEW DELHI/SINGAPORE, Oct 31 (Reuters) - Indian Oil Corp IOC.NS, the country's top refiner, has bought five cargoes of Russian oil for December arrival from non-sanctioned entities, traders said.The refiner has bought about 3.5 million barrels of ESPO at about parity to Dubai quotes for delivery ...Reuters
Fri, Oct 31
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Oct 31 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)-res $65.21/$65.82/$66.33sup $64.23/$63.44Palm oil (3rd month)4,270/4,289 ringgitsup 4,230/4,207/4,184 ringgitWTI(1st month)-res $60.56/$60.84/$61.30sup $59.83/$59.38/...Reuters
Fri, Oct 31
Australia's Hastings to negotiate offtake deal with Ucore for Yangibana project
Oct 31 (Reuters) - Australia's Hastings Technology Metals HAS.AX said on Friday its Yangibana joint venture project in Western Australia has agreed to negotiate for a potential offtake deal with North American rare-earths processing company Ucore Rare Metals Inc.The Yangibana rare-earths and nio...Reuters
Fri, Oct 31
China to buy 12 million metric tons of US soybeans this season, Bessent says
CHICAGO, Oct 30 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January, down from 22.5 million tons in the prior season after a months-long tariff battle halted all purchaseReuters
Fri, Oct 31
Oil heads for third monthly decline as strong dollar, ample supply weigh
Brent, WTI set to fall about 3% in OctoberOPEC+ lean towards modest output boost ahead of Sunday meeting, sources sayTrump says China agreed to begin the process of purchasing US energyBy Florence Tan SINGAPORE, Oct 31 (Reuters) - Oil prices eased on Friday, heading for a third straight monthly d...Reuters
Fri, Oct 31
Miner Vale posts net profit beat, cuts cost outlook for copper, nickel
SAO PAULO, Oct 30 (Reuters) - Vale VALE3.SA, one of the world's largest iron ore miners, posted on Thursday a third-quarter net profit that landed above analysts' estimates, while also cutting its full-year cost projections for copper and nickel.Rio de Janeiro-headquartered Vale posted a $2...Reuters
Fri, Oct 31
Jamaica reports 19 deaths from Hurricane Melissa, total death toll climbs to 44
KINGSTON, Oct 30 (Reuters) - At least 19 people died as a result from Hurricane Melissa in Jamaica, the country's information minister told Reuters, bringing the total confirmed death toll from the storm to at least 44.Haitian authorities had earlier reported 25 deaths, including many children, ...Reuters
Thu, Oct 30
First Solar sales top estimates, company to open another US factory
By Dharna BafnaOct 30 (Reuters) - First Solar FSLR.O, the biggest U.S.-based solar panel maker, beat expectations for third-quarter sales on Thursday, driven by robust demand for its products, sending its shares up more than 5% in extended trading.Solar-generated electricity is one of the fastest-g...Reuters
Thu, Oct 30
CIF/FOB Gulf Grain-Soybean premiums rise after China commits to purchases
CHICAGO, Oct 30 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals and loaded for export were higher on Thursday after U.S. officials said China agreed to restart U.S. soy purchases and made purchase commitments for the next three years.U.S. Treasury Secretary Scott Be...Reuters
Thu, Oct 30
Ecopetrol, Petrobras announce joint venture to market natural gas from Colombia's Sirius project
By Nelson BocanegraBOGOTA, Oct 30 (Reuters) - Colombia's state-run energy company Ecopetrol and Brazil's state-run oil firm Petrobras announced on Thursday a partnership for the joint marketing of natural gas from Colombia's Sirius project.The Sirius block is owned by Ecopetrol, which ho...Reuters
Thu, Oct 30
Russia strikes Ukraine energy grid, killing seven, including one child
Zelenskiy says Russia launched 650 drones, 50 missiles Ukraine calls for more air defences, sanctionsDTEK CEO says Russia aims to destroy energy systemBy Anastasiia Malenko and Olena HarmashKYIV, Oct 30 (Reuters) - Russia launched a barrage of drones and missiles at Ukraine's energy infrastructu...Reuters
Thu, Oct 30
Timber firm Weyerhaeuser's quarterly profit rises on higher sales
Oct 30 (Reuters) - Weyerhaeuser WY.N reported an increase in third-quarter profit on Thursday, helped by higher sales and a recovery in its timberlands and real estate segments.Housing activity has been recovering amid hopes that easing mortgage rates would stimulate demand for new construction, boo...Reuters
Thu, Oct 30
US Cash Grains-Corn, soy bids higher amid light farmer selling
CHICAGO, Oct 30 (Reuters) - Corn and soy bids ticked higher in the U.S. Midwest on Thursday. There has been light farmer selling, though many are opting to store their crops instead of selling them, market sources said.The corn basis ticked higher at an elevator and two river terminals.The soy basis...Reuters
Thu, Oct 30
Ramaco And U. S. Department Of Energy's (Doe) National Energy Technology Laboratory (Netl) Execute Far-Reaching Strategic Agreement On Rare Earths And Critical Minerals
Oct 30 (Reuters) - Ramaco Resources Inc METC.O:RAMACO AND U. S. DEPARTMENT OF ENERGY'S (DOE) NATIONAL ENERGY TECHNOLOGY LABORATORY (NETL) EXECUTE FAR-REACHING STRATEGIC AGREEMENT ON RARE EARTHS AND CRITICAL MINERALSRAMACO RESOURCES INC - CRADA TO REMAIN IN EFFECT FOR FIVE YEARSRAMACO RESOURCES I...Reuters
Thu, Oct 30
Trump, Xi agree to pause dueling port fees that disrupted trade
U.S., China set one-year pause on port fees for each other's shipsTrump's port fees were aimed at rebuilding U.S. shipbuilding, maritime logisticsNew fees caused scramble for non-China-linked ships, pushing up freight rates Bessent says threat of US ports action cut demand for Chinese shipsB...Reuters
Thu, Oct 30
Ecopetrol, Petrobras announce joint venture to market natural gas from Colombia's Sirius project
Oct 30 (Reuters) - Colombia's state-run energy company Ecopetrol and Brazil's state-run oil firm Petrobras announced a partnership on Thursday for the joint marketing of natural gas from Colombia's Sirius project, which has an estimated six billion cubic feet of gas on site.Reuters
Thu, Oct 30
Australia's Origin Energy logs 12% sequential fall in first-quarter APLNG revenue
Oct 31 (Reuters) - Australia's Origin Energy ORG.AX on Friday posted a 12% sequential fall in revenue for the first quarter from its stake in the Australia Pacific LNG project, hurt by lower LNG volumes and prices. The power producer reported revenue from the APLNG project — a joint venture with...Reuters
Thu, Oct 30
LIVESTOCK-CME cattle futures take a pause after recent slides
By Tom Polansek CHICAGO, Oct 30 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures took a breather on Thursday after falling hard recently on concerns over President Donald Trump's push to lower U.S. beef prices, traders said.Ranchers continued to oppose Trump's...Reuters
Thu, Oct 30
