News
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TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, June 12 (Reuters) - Contract Target Support/Resistance Brent oil $70.89/$71.32sup $68.50/$69.07Palm oil (3rd month)3,812/3,768 ringgitres 3,848/3,883 ringgitWTI* $69.62/$70.40sup $67.77/$67.20/$66.34Spot gold$3,404sup $3,354/$3,348/$3,337LME ...Reuters
Thu, Jun 12
Oil prices jumps 4% to 2-month high as tensions rise in Middle East
NEW YORK, June 11 (Reuters) - Oil prices rose more than 4% on Wednesday, to their highest in more than two months, after sources said the U.S. was preparing to evacuate its Iraqi embassy due to heightened security concerns in the Middle East.
Reuters
Thu, Jun 12
Deal to get US-China trade truce back on track is done, Trump says
Trump says US tariffs will be set at 55%, China's at 10%Lutnick says deal should resolve rare earth minerals, magnet curbs Deal aims to keep Geneva trade truce on trackNo 'quid pro quo' on high-end chips for rare earths, Bessent says By Jeff Mason, Alistair Smout and Doina Chiacu WASH...Reuters
Wed, Jun 11
LIVESTOCK-Cattle futures pause after all-time highs; hogs end firm
By Julie Ingwersen CHICAGO, June 11 (Reuters) - Live cattle futures on the Chicago Mercantile Exchange closed mostly lower on Wednesday, pausing after a climb to all-time highs, while soaring beef prices and last week's surge in cash cattle markets kept a floor under prices, traders said.Most...Reuters
Wed, Jun 11
CORRECTED-Starbucks accelerates new staffing model to all company-owned North American stores
Starbucks will deploy an increased labor model to all North American company-owned stores by the end of the summerPilot tests of new staffing model saw increased sales, CEO says Starbucks to focus investments on 'Back to Starbucks' turnaround, cut costs elsewhereBy Waylon CunninghamJune 10 (...Reuters
Wed, Jun 11
World Bank to end ban on nuclear energy projects, still debating upstream gas
World Bank announced nuclear ban in 2013World Bank to work closely with IAEA to build capacityElectricity demand is expected to more than double by 2035By Andrea ShalalWASHINGTON, June 11 (Reuters) - The World Bank's board has agreed to end a longstanding ban on funding nuclear energy projects i...Reuters
Wed, Jun 11
US Cash Grains-Soybean bids flat to lower as contracts begin rolling over
CHICAGO, June 11 (Reuters) - Spot basis bids for U.S. soybeans were steady to down at processing facilities and river terminals in the U.S. Midwest on Wednesday. Analysts said the dips were due to weak crush margins and expected ample supplies. Some ADM locations began rolling their contracts from J...Reuters
Wed, Jun 11
Canada should not rush potential sale of TMX pipeline, Trans Mountain CEO says
Trans Mountain exploring capacity increase of 200,000-300,000 barrels per dayAsian markets now accessible for Canadian crude via Trans MountainCEO Maki advises waiting for capacity improvements before selling pipelineBy Amanda Stephenson CALGARY, June 11 (Reuters) - Canada should not rush to sell...Reuters
Wed, Jun 11
Marathon Galveston Bay, Texas Refinery Reports Emissions Event
June 11 (Reuters) - MARATHON PETROLEUM CORP MPC.N :REPORTS EMISSIONS EVENT AT GALVESTON BAY, TEXAS, REFINERYREPORTS TANK MATERIAL INADVERTENTLY GOT ON TANK ROOF AND WAS DRAINING THROUGH ROOF DRAIN INTO TANK DIKEREPORTS TRANSFERRED MATERIAL TO ANOTHER TANK AND INITIATED EMERGENCY RESPONSE ACTIVITY SO...Reuters
Wed, Jun 11
CANADA-CRUDE-Discount on Western Canada Select widens marginally
June 11 (Reuters) - The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate (WTI) futures CLc1 widened slightly on Wednesday.WCS for July delivery in Hardisty, Alberta, settled at $8.90 a barrel under the U.S. benchmark WTI, according to brokerage CalRock,...Reuters
Wed, Jun 11
US Cash Crude-Grades steady even as US crude stocks fall
June 11 (Reuters) - Grades held steady on Wednesday, dealers said, even as U.S. crude stocks fell last week amid a pick up in refining activity. WTI Midland WTC-WTM was unchanged, while WTI at East Houston WTC-MEH, also known as MEH, eased 5 cents. Mars Sour WTC-MRS, eased 25 cents.U.S. crude stocks...Reuters
Wed, Jun 11
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
Wed, Jun 11
Japan's JERA agrees to buy US LNG to rebalance supply portfolio away from Australia
JERA's US LNG supply to rise from 10% to nearly 30% of its mixJERA signs heads of agreement with Sempra, Cheniere for LNG supplyAll four are FOB contracts with no destination restrictionsBy Yuka Obayashi, Katya Golubkova and Kentaro Okasaka TOKYO, June 12 (Reuters) - JERA, Japan's biggest...Reuters
Wed, Jun 11
Trump administration moves to repeal Biden power plant pollution rules
EPA proposes repeal of carbon, mercury rules to save moneyEPA administrator says coal, gas power needed for data centersEnvironmental groups warn of higher public health costsBy Valerie Volcovici WASHINGTON, June 11 (Reuters) - President Donald Trump's administration has proposed repealin...Reuters
Wed, Jun 11
CSX Announces Ratification Of Labor Deal With Locomotive Engineers
June 11 (Reuters) - CSX Corp CSX.O:CSX ANNOUNCES RATIFICATION OF LABOR DEAL WITH LOCOMOTIVE ENGINEERSCSX CORP: BROTHERHOOD OF LOCOMOTIVE ENGINEERS AND TRAINMEN VOTED TO RATIFY FIVE-YEAR COLLECTIVE BARGAINING AGREEMENTCSX CORP - AGREEMENT WITH BLET INCLUDES WAGE INCREASES AND HEALTH IMPROVEMENTSReuters
Wed, Jun 11
GRAINS-Soy, corn futures retreat on weather as US-China optimism cools
Soybeans firmed initially on Sino-U.S. trade talks optimismFutures fell due to lack of agricultural specifics in trade talksMonthly USDA supply/demand report awaitedBy Julie Ingwersen CHICAGO, June 11 (Reuters) - Chicago Board of Trade soybean and corn futures drifted lower on Wednesday as initia...Reuters
Wed, Jun 11
US immigration raid of Omaha meat plant cuts staff, fuels food production worries
Glenn Valley Foods has skeleton staff after immigration sweepTraders worry raids could disrupt US food productionMeat processors face labor shortage, industry group saysBy Tom Polansek CHICAGO, June 11 (Reuters) - U.S. meat producer Glenn Valley Foods was operating an Omaha, Nebraska, facility wi...Reuters
Wed, Jun 11
U.S. nuclear power plant outages
June 11 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Total...Reuters
Wed, Jun 11
