News
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GRAINS-Soybeans hover near 2-week high on US-China trade optimism; wheat firms
SINGAPORE, June 11 (Reuters) - Chicago soybeans eased on Wednesday, though the market traded not far from a two-week high touched in the previous session as U.S. and Chinese officials agreed on a framework to put their trade truce back on track.Reuters
Wed, Jun 11
US, Mexico close to deal that would cut steel tariffs, Bloomberg reports
June 10 (Reuters) - The United States and Mexico are close to a deal that would get rid of 50% tariffs that U.S. President Donald Trump has imposed on Mexican steel imports up to a certain volume, Bloomberg News reported on Tuesday, citing people familiar with the matter.Reuters
Wed, Jun 11
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, June 11 (Reuters) - Contract Target Support/Resistance Brent oil $66.12/$65.77res $67.25/$67.68/$68.37Palm oil (3rd month)3,889/3,925 ringgitsup 3,845/3,818 ringgitWTI* $64.07/$63.05res $65.08/$66.34Spot gold$3,296res $3,337/$3,347/$3,362LME ...Reuters
Wed, Jun 11
US, Mexico discuss deal to cut Trump's steel tariffs, sources say
Deal could give Mexico a fixed quota with no tariff or lower tariff, sources sayVolumes exceeding quota could face 50% tariffMexico presses for exemption from Trump's steel tariffJune 10 (Reuters) - The United States and Mexico are negotiating a deal to reduce or eliminate President Donald Trump...Reuters
Wed, Jun 11
LIVESTOCK-Live cattle futures close mixed; feeders hit contract highs
By Julie IngwersenCHICAGO, June 10 (Reuters) - Live cattle futures on the Chicago Mercantile Exchange ended mixed on Tuesday with the most-active August contract down on profit-taking, while strong cash cattle markets and historically high beef prices underpinned the market, analysts said.Rumors of ...Reuters
Tue, Jun 10
Malaysia energy company Petronas has no plans to leave Canada, executive says
Petronas committed to decades of LNG exports from CanadaLNG Canada partners consider phase two expansionCanada's regulatory environment deters investors, executive saysBy Amanda StephensonCALGARY, June 10 (Reuters) - Malaysian energy company Petronas has no plans to leave Canada, the CEO of its ...Reuters
Tue, Jun 10
US Cash Crude-Grades little changed amid hope for US-China trade deal
June 10 (Reuters) - Grades were largely unchanged on Tuesday, dealers said, as investors awaited direction from trade talks between the U.S. and China.Mars Sour WTC-MRS, WTI Midland WTC-WTM and WTI at East Houston WTC-MEH, also known as MEH, were all unchanged.Trade talks between the U.S. and China ...Reuters
Tue, Jun 10
CANADA-CRUDE-Discount on Western Canada Select steady
June 10 (Reuters) - The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate (WTI) futures CLc1 held steady on Tuesday.WCS for July delivery in Hardisty, Alberta, settled at $8.80 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, flat t...Reuters
Tue, Jun 10
Mexico eases trade ban on Brazilian chicken
SAO PAULO, June 10 (Reuters) - Mexico eased a ban on chicken shipments from Brazil, setting the restriction now only to products coming from the Brazilian state of Rio Grande do Sul, instead of a previous countrywide ban, Brazil's Agriculture Ministry said on Tuesday.On the other hand, the minis...Reuters
Tue, Jun 10
US EIA slashes ethane export outlook for 2025, 2026 amid curbs on exports to China
US ethane exports to China to drop 24% in 2025, 51% in 2026US output of ethane to fall 4% in 2025, 12 % in 2026At least 9 ethane tankers stalled or drifting along U.S. Gulf CoastBy Arathy Somasekhar HOUSTON, June 10 (Reuters) - U.S. ethane exports will fall by 24% in 2025, while production of the...Reuters
Tue, Jun 10
Venture Global withdraws application to build Delta LNG plant, filing shows
By Curtis WilliamsHOUSTON, June 10 (Reuters) - Venture Global VG.N asked U.S. federal regulators to withdraw its application to build its proposed 24 million metric tons per annum Delta LNG export facility in Louisiana, saying it can build its proposed Plaquemines expansion project faster, according...Reuters
Tue, Jun 10
US Cash Grains-Soybean, corn bids mostly steady
CHICAGO, June 10 (Reuters) - Spot basis bids for U.S. corn and soybeans were mostly flat at grain elevators, processing plants and river terminals in the U.S. Midwest on Tuesday, a spot check showed.The one exception was a corn processor in the Chicago area, which rose by 3 cents. Every other locati...Reuters
Tue, Jun 10
US farm agency to allow three more states to bar some items from food aid
By Ahmed Aboulenein and Leah Douglas WASHINGTON, June 10 (Reuters) - U.S. Agriculture Secretary Brooke Rollins on Tuesday signed waivers allowing Arkansas, Idaho and Utah to bar participants in the Supplemental Nutrition Assistance Program from using their benefits to buy certain processed foods ...Reuters
Tue, Jun 10
Petronas Canada has no plans to leave Canada, executive says
CALGARY, June 10 (Reuters) - Petronas Canada, which is a joint partner in Canada's first LNG export facility, has no plans to leave the country, its CEO Mark Fitzgerald said on Tuesday on the sidelines of a conference in Calgary. Fitzgerald said Canada needs to develop a national liquefied natur...Reuters
Tue, Jun 10
GRAINS-US wheat futures sag on crop rating boost; corn, soybeans firm
USDA raises US wheat crop ratings, bolstering yield potentialTrade monitors US-China trade talksCorn, soybean futures anchored by benign US crop weatherBy Julie Ingwersen CHICAGO, June 10 (Reuters) - Chicago wheat futures fell to their lowest level in more than a week on Tuesday as improving U.S....Reuters
Tue, Jun 10
CIF/FOB Gulf Grain-Corn, soybean barge bids firm amid US-China trade talks
CHICAGO, June 10 (Reuters) - Basis bids for soybeans and corn delivered by barge to U.S. Gulf Coast terminals ticked higher on Tuesday, as trade talks between the U.S. and China stretched into a second day, traders said.U.S. Commerce Secretary Howard Lutnick said on Tuesday that trade talks with Chi...Reuters
Tue, Jun 10
US farm agency to allow three more states to bar some foods from food aid
WASHINGTON, June 10 (Reuters) - U.S. Agriculture Secretary Brooke Rollins on Tuesday signed waivers allowing Arkansas, Idaho and Utah to bar participants in the Supplemental Nutrition Assistance Program from using their benefits to buy certain processed foods.Reuters
Tue, Jun 10
CBOT corn ends higher in rebound from multi-month lows
CHICAGO, June 10 (Reuters) - Chicago Board of Trade corn futures rose on Tuesday on a bargain-buying bounce from multi-month lows, but improving U.S. crop ratings and benign weather signaled strong production potential and kept a lid on rallies, traders said. CBOT July corn CN25 settled up 5-1/4 cen...Reuters
Tue, Jun 10
US, Mexico Closing In On Deal That Would Remove Trump's 50% Tariffs On Steel Imports Up To Certain Volume - Bloomberg News
June 10 (Reuters) - US , MEXICO ARE CLOSING IN ON A DEAL THAT WOULD REMOVE PRESIDENT DONALD TRUMP’S 50% TARIFFS ON STEEL IMPORTS UP TO A CERTAIN VOLUME - BLOOMBERG NEWSSource text: https://tinyurl.com/4s854mkrReuters
Tue, Jun 10
Oil demand growth to continue, no peak in sight, OPEC Secretary General says
OPEC forecasts 24% rise in energy needs by 2050OPEC warns of risks from inadequate investment in oil and gasOPEC secretary general criticizes net-zero targets as 'unrealistic'By Amanda Stephenson CALGARY, June 10 (Reuters) - Oil demand growth will remain robust over the next two and a hal...Reuters
Tue, Jun 10
