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GRAINS-Soy eases as US-China deal disappoints, corn and wheat steady before USDA data
PARIS/BEIJING, June 12 (Reuters) - Chicago soybeans slipped for a second session on Thursday as disappointment over a lack of agricultural commitments in a U.S.-China trade truce hung over the market.Corn and wheat ticked higher, with a slide in the dollar =USD and adjustments before U.S. Department...Reuters
Thu, Jun 12
Brazil crop agency ups 2024/25 soy supply, export forecast
SAO PAULO, June 12 (Reuters) - Brazil's soybean production forecast for the 2024/25 season, which is almost over nationwide, has been raised to 169.60 million metric tons from 168.34 million tons, national crop agency Conab said in a report on Thursday.The agency also noted that Brazil, the worl...Reuters
Thu, Jun 12
Egypt agrees to buy up to 160 LNG cargoes through 2026, sources say
LONDON, June 12 (Reuters) - Egypt has reached agreements with several energy firms and trading houses to buy between 150-160 cargoes of liquefied natural gas (LNG) costing over $8 billion to cover power demand through end-2026, industry sources aware of the matter told Reuters.Reuters
Thu, Jun 12
RPT-COLUMN-China-US trade deal kicks the rare earths can down the road: Russell
By Clyde Russell LAUNCESTON, Australia, June 12 (Reuters) - The tentative deal between the United States and China may represent a retreat from the worst-case scenario of a total collapse of trade between the world's two biggest economies, but it creates more problems than it solves.President...Reuters
Thu, Jun 12
PRECIOUS-Middle East tensions, tariff jitters push gold to one-week high
US producer price index data due at 1230 GMTDollar hit more-than-three-year lowUS to pull some Middle East personnel as Iran tensions riseBy Anushree Mukherjee June 12 (Reuters) - Gold prices rose 1% to a one-week high on Thursday as tensions in the Middle East and trade uncertainties fuelled dem...Reuters
Thu, Jun 12
RPT-COLUMN-What’s up with the wacky CBOT corn spreads? -Braun
By Karen Braun NAPERVILLE, Illinois, June 11 (Reuters) - U.S. corn supply estimates for the waning 2024-25 marketing year have been dwindling in recent months, though a notable rebound is expected for 2025-26.But the futures market might not be reflecting these trends, leading many to wonder if o...Reuters
Thu, Jun 12
JP Morgan maintains 2025 forecast for oil prices in low-to-mid $60s
June 12 (Reuters) - JP Morgan is maintaining its base case forecast for oil prices to remain in the low-to-mid $60s for the rest of 2025, and around $60 in 2026, it said on Thursday."An attack on Iran could spike oil prices to $120, driving U.S. CPI to 5% " the company said.Reuters
Thu, Jun 12
EXPLAINER-What's behind Iran's long tussle with the United States?
June 12 (Reuters) - The United States has pulled some diplomatic staff and military families out of the Middle East, citing unspecified regional security risks. Its long-running rivalry with Iran may be part of the heightened tensions. This article shows what's behind the rivalry, how it has pla...Reuters
Thu, Jun 12
RPT-COLUMN-Trump's energy dominance agenda could be ravaged by Section 899: Bousso
Section 899 proposes up to 20% tax on foreign investors' incomeProposal is part of President Trump's signature tax billThe tax could deal a hefty blow to European oil giants' profitsBy Ron Bousso LONDON, June 12 - A proposed U.S. tax targeting foreign investors could hurt European ene...Reuters
Thu, Jun 12
Burkina Faso completes nationalisation of five gold mining assets
June 12 (Reuters) - Burkina Faso has completed the transfer of five gold mining assets to the country's state-owned miner, according to a decree published late on Wednesday, finalising a process that began in August to increase control over its mineral resources.Like its neighbours Mali and Nige...Reuters
Thu, Jun 12
Iraq says no threat to diplomatic missions as U.S. evacuates embassy
DUBAI, June 12 (Reuters) - Iraq says its intelligence and field reports show no threats to diplomatic missions, the state news agency reported on Thursday, after U.S. President Donald Trump announced U.S. personnel were being moved out of the Middle East.Reuters
Thu, Jun 12
ASIA COFFEE-Domestic prices fall in Vietnam, premiums rise in Indonesia
By Phuong Nguyen and Mas Alina Arifin HANOI, June 12 (Reuters) - Vietnam's domestic coffee prices fell further from a week earlier on Thursday amid sluggish trading, while rising beans stockpiles in Indonesia pushed premiums higher against last week, traders said.Farmers in the Central Highla...Reuters
Thu, Jun 12
Stellantis 'fine for June' on rare earth supplies, top manager says
TURIN, Italy, June 12 (Reuters) - Stellantis STLAM.MI is currently unaffected by supply bottlenecks for rare earths from China, but the automaker had past difficulties in managing the situation, the head of its European operations said on Thursday. China, which controls over 90% of global processing...Reuters
Thu, Jun 12
Bahrain's oil firm Bapco monitoring situation, operations unaffected
DUBAI, June 12 (Reuters) - Bahrain's state oil firm Bapco Energies is monitoring the situation in the region and its operations are unaffected, it said on Thursday, after U.S. military personnel's dependents were allowed to leave the country because of regional tensions."While our operat...Reuters
Thu, Jun 12
Iran has informed IAEA of plan to open new enrichment site, official says
VIENNA, June 12 (Reuters) - Iran has informed the U.N. nuclear watchdog it plans to open a new uranium enrichment facility in response to the watchdog's board of governors declaring it in breach of non-proliferation obligations on Thursday, an official from the watchdog said.The move by Iran was...Reuters
Thu, Jun 12
EXCERPTS-IAEA board resolution declaring Iran in breach of non-proliferation duties
VIENNA, June 11 (Reuters) - Below are key passages from a four-page resolution on Iran that diplomats said the International Atomic Energy Agency's 35-nation Board of Governors passed on Thursday. The text is still confidential and was seen by Reuters.The Board of Governors,... (d) Recalling ...Reuters
Thu, Jun 12
IAEA board declares Iran in breach of non-proliferation obligations
UN nuclear watchdog declares Iran in breach of obligationsIran likely to respond with nuclear escalation19 countries in favour of resolution, three againstBy Francois Murphy VIENNA, June 12 (Reuters) - The U.N. nuclear watchdog's 35-nation Board of Governors declared Iran in breach of its non...Reuters
Thu, Jun 12
Singapore fuel oil stockpiles pile up for fourth straight week
SINGAPORE, June 12 (Reuters) - Onshore fuel oil stockpiles at key trading hub Singapore climbed for a fourth consecutive week as imports remained strong, data showed on Thursday. Residual fuel inventories STKRS-SIN were at 23.71 million barrels (about 3.73 million metric tons) in the week to June 11...Reuters
Thu, Jun 12
