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CBOT wheat rises ahead of Trump-Xi talks
CHICAGO, Oct 29 (Reuters) - Chicago Board of Trade wheat futures closed slightly higher on Wednesday as traders awaited talks between U.S. President Donald Trump and his Chinese counterpart Xi Jinping on Thursday.Short covering helped lift the market, traders said.They were watching to see whether C...Reuters
Wed, Oct 29
Phillips 66 outperforms Wall Street expectations with higher refining margins
Phillips 66 refineries operated at 99% capacity, highest since 2018Shares rise nearly 3%Renewable fuels segment benefits from European creditsBy Nicole Jao NEW YORK, Oct 29 (Reuters) - Refiner Phillips 66 PSX.N beat Wall Street third-quarter profit estimates on Wednesday, helped by stronger-than-...Reuters
Wed, Oct 29
PRECIOUS-Gold pares gains after Fed Powell's comments despite rate cut
US dollar extends gainsTrump says trade deal reached with South KoreaSilver, palladium up over 1% By Noel John and Anjana Anil Oct 29 (Reuters) - Gold prices pared gains on Wednesday as markets digested comments from U.S. Federal Reserve Chair Jerome Powell regarding the future policy path, despi...Reuters
Wed, Oct 29
ICE canola futures rise on hopes of US soybeans, canola sales
WINNIPEG, Manitoba, Oct 29 (Reuters) - ICE canola futures rose with a jump in volume on Wednesday as reports of Chinese purchases of U.S. soybeans ignited hopes the glutted North American vegoils situation would begin to improve.• January canola RSF6 settled up $2.50 at $641.30 per metric ton. Wedne...Reuters
Wed, Oct 29
Cargill to lay off 80 workers in Minnesota, more globally
By Karl Plume CHICAGO, Oct 29 (Reuters) - U.S. agribusiness Cargill Inc CARG.UL said Wednesday it is permanently laying off 80 employees in Minnesota and an undisclosed number globally in the latest wave of job cuts among agricultural companies hit by a broader farm sector slump.The layoffs, part...Reuters
Wed, Oct 29
CBOT soybeans end nearly unchanged after China buys US cargoes
CHICAGO, Oct 29 (Reuters) - Chicago Board of Trade soybean futures finished nearly unchanged on Wednesday as China's first purchases from the autumn U.S. harvest failed to excite traders, analysts said.China's state-owned COFCO bought three U.S. soybean cargoes shortly before a summit of U.S...Reuters
Wed, Oct 29
US natgas prices edge up on near-record LNG export feedgas, rising demand
LNG export feedgas near record highs, boosting demandGas output in Lower 48 states falls in OctoberMarch futures premium over April at record lowGas storage levels about 5% above normal, easing supply concernsBy Scott DiSavino Oct 29 (Reuters) - U.S. natural gas futures edged up about 1% on Wedne...Reuters
Wed, Oct 29
Expand Energy expects to produce more US natural gas at lower cost
By Scott DiSavino NEW YORK, Oct 29 (Reuters) - U.S. energy company Expand Energy EXE.O, the nation's biggest natural gas producer, expects to spend less to produce more gas in 2025 and 2026, the company's CEO Nick Dell’Osso told analysts on an earnings call on Wednesday."We are clearl...Reuters
Wed, Oct 29
CBOT corn ends nearly flat as grain traders await Trump-Xi meeting
CHICAGO, Oct 29 (Reuters) - Chicago Board of Trade corn futures ended nearly flat on Wednesday as traders awaited a meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping that could cool trade tensions.The market Cv1 consolidated after rising on Tuesday to its highest lev...Reuters
Wed, Oct 29
Serbia's only oil refinery will run only until November 25 without new crude supplies, minister says
BELGRADE, Oct 29 (Reuters) - Serbia’s only oil refinery will continue operating only until November 25 without new crude oil supplies, which have been halted due to U.S. sanctions against Russian-owned plant operator NIS NIIS.BEL, Tanjug news agency reported on Wednesday, quoting the energy minister...Reuters
Wed, Oct 29
IAEA inspecting in Iran, not seeing any 'substantive work', says Grossi
UNITED NATIONS, Oct 29 (Reuters) - The U.N. nuclear watchdog is carrying out inspections in Iran, but not at the three sites bombed by the United States in June, International Atomic Energy Agency chief Rafael Grossi said on Wednesday. "We are trying to build it back, and we are inspecting in Ir...Reuters
Wed, Oct 29
China buys US soybean cargoes ahead of Trump-Xi meet, sources say
COFCO bought 180,000 tons of U.S. beans for Dec/Jan shipmentChina's first purchases of U.S. soybeans from autumn harvestBy Ella Cao and Naveen Thukral BEIJING/SINGAPORE, Oct 29 (Reuters) - China's state-owned COFCO bought three U.S. soybean cargoes, two trade sources said, the country'...Reuters
Wed, Oct 29
Gold steadies near $4,000 as Fed delivers split 25 bps rate cut
Gold price rallies as the Federal Reserve (Fed) decided to cut interest rates by 25 basis points, as expected, though not unanimously. At the time of writing, XAU/USD trades volatile within the $3,990-$4,010 range as traders brace for Fed Chair Jerome Powell press conference.
Fxstreet
Wed, Oct 29
GRAINS-Soybean futures hover near 15-month high after China buys US cargoes
By Tom Polansek CHICAGO, Oct 29 (Reuters) - Chicago Board of Trade soybean futures hovered near a 15-month high on Wednesday after sources said China made its first purchases from the autumn U.S. harvest before a summit of leaders Donald Trump and Xi Jinping. Prices remained below a July 2...Reuters
Wed, Oct 29
EU wheat edges lower as global supplies weigh
PARIS/HAMBURG, Oct 29 (Reuters) - European wheat prices extended their fall on Wednesday following a rally on Monday seen as excessive in light of big global supplies, traders said.Benchmark December milling wheat BL2Z5 on Paris-based Euronext closed 0.1% lower at 192.00 euros a metric ton, after hi...Reuters
Wed, Oct 29
Putin's envoy Dmitriev believes there may be peace in Ukraine within a year
Envoy Dmitriev says 'we are on the road to peace' in UkraineWas speaking to investors in Riyadh after visit to USDmitriev says he is under fire at home from Russian hawks By Yousef Saba and Gleb Bryanski RIYADH/MOSCOW, Oct 29 (Reuters) - Russian President Vladimir Putin's special envo...Reuters
Wed, Oct 29
Phillips 66 to operate refineries in low-to-mid 90% range of combined capacity in Q4
NEW YORK, Oct 29 (Reuters) - U.S. crude oil refiner Phillips 66 PSX.N plans to operate its refineries in the low-to-mid 90% range in the fourth quarter, Chief Financial Officer Kevin Mitchell said on Wednesday during a conference call with analysts.Phillips 66 expects to spend around $125 million to...Reuters
Wed, Oct 29
Gold steadies ahead of Fed decision as traders position for dovish outcome
Gold price recovers some ground on Wednesday after hitting a three-week low of $3,886 the previous day as traders await the Federal Reserve (Fed) decision later in the day. XAU/USD trades at $3,998, snapping three consecutive days of losses.Fxstreet
Wed, Oct 29
EXCLUSIVE-Germany examines nationalising Rosneft arm after Trump sanctions, say sources
Russia's Rosneft controls key flow of oil to GermanyRosneft swept up in Trump sanctions on RussiaBerlin now mulls sidelining RosneftBy John O'Donnell and Christoph Steitz BERLIN/FRANKFURT, Oct 29 (Reuters) - U.S. sanctions on Russian oil producer Rosneft ROSN.MM have rekindled discussions...Reuters
Wed, Oct 29
