News
Important Only
CBOT soybeans lifted by crude oil's surge, US-China trade optimism
CHICAGO, Oct 23 (Reuters) - Chicago Board of Trade soybean futures rose on Thursday to a one-month top, spurred by a jump in crude oil CLc1 following U.S. sanctions on Russia's two biggest oil firms, along with hopes for progress in U.S.-Chinese trade talks, traders said.U.S. President Donald Tr...Reuters
Thu, Oct 23
EXCLUSIVE-ConocoPhillips to layoff Canada employees in November, company memo shows
HOUSTON, Oct 23 (Reuters) - U.S. oil producer ConocoPhillips COP.N will begin layoffs at its Canadian operations in the first week of November, according to a memo seen by Reuters on Thursday. Employees in Calgary will be notified on November 5 virtually, and those in Surmont and Montney will be tol...Reuters
Thu, Oct 23
Newmont Q3 revenue beats estimates on higher gold prices
OverviewNewmont Corp Q3 revenue beats analyst expectations, driven by higher realized gold pricesAdjusted EPS for Q3 exceeds consensus, reflecting strong operational performanceCompany reports record free cash flow of $1.6 bln, marking fourth consecutive quarter over $1 blnOutlookNewmont improves 20...Reuters
Thu, Oct 23
Gold miner Newmont beats quarterly profit estimates
Oct 23 (Reuters) - Newmont NEM.N surpassed Wall Street expectations for third-quarter profit on Thursday, as the gold miner benefited from a rally in bullion prices.The world's top gold miner posted profit of $1.71 per share on an adjusted basis for the three months ended September 30, compared ...Reuters
Thu, Oct 23
Norfolk Southern's quarterly profit rises
Oct 23 (Reuters) - U.S. railroad operator Norfolk Southern NSC.N posted a rise in third-quarter profit on Thursday, in its first earnings report after announcing an $85 billion deal to form the nation's first coast-to-coast freight rail operator with Union Pacific UNP.N.The deal, which drew a po...Reuters
Thu, Oct 23
ICE canola futures rise as crude leads oils higher
WINNIPEG, Manitoba, Oct 23 (Reuters) - ICE canola futures rose on Thursday as surging crude oil provoked biofuel-related crops to follow.• Most-traded January canola RSF6 settled up $6.30 at $633.80 per metric ton. Soon-expiring November RSX5 settled up $5.40 at $618.50.• A trader said canola was &#...Reuters
Thu, Oct 23
CBOT corn notches 1-month high, buoyed by crude oil strength
CHICAGO, Oct 23 (Reuters) - Chicago Board of Trade corn futures climbed to a one-month high on Thursday on spillover strength from surging crude oil futures, firm cash grain markets and uncertainty about the size of the U.S. harvest, traders said.CBOT December corn CZ25 settled up 5 cents at $4.28 a...Reuters
Thu, Oct 23
Some US courts to limit operations on Fridays due to government shutdown
By Nate Raymond Oct 23 (Reuters) - Several federal district courts plan to tell some employees not to come to work on Friday and one plans to close entirely for the day, as the judiciary continues reducing operations after running out of funds it had used to sustain paid operations during the U.S...Reuters
Thu, Oct 23
NioCorp, Lockheed partner on Pentagon‑funded scandium alloy work
Oct 23 (Reuters) - Rare earths miner NioCorp NB.O said on Thursday it is working with U.S. defense contractor Lockheed Martin LMT.N to develop a scandium and aluminum alloy for use in military equipment as part of a Pentagon‑funded program.Colorado-based NioCorp received $10 million from the Pentago...Reuters
Thu, Oct 23
Mexican ag minister to discuss with US counterpart opening border to cattle amid screwworm outbreak
MEXICO CITY, Oct 23 (Reuters) - Mexico's agriculture minister will travel to Washington next week with the aim of reaching an agreement on the reopening of the border to Mexican cattle amid an outbreak of the flesh-eating screwworm parasite, President Claudia Sheinbaum said on Thursday.Mexican A...Reuters
Thu, Oct 23
Oil surges 5% after US sanctions Russian firms Rosneft, Lukoil
US slaps sanctions on Rosneft, Lukoil over Ukraine war Chinese state oil majors suspend Russian oil purchases, sources sayIndian refiners reviewing their Russian oil purchasesSanctions could reduce global oil supply, Russia is second-biggest producerOPEC ready to offset shortagesBy Scott DiSavino ...Reuters
Thu, Oct 23
Suncor reports restart of units at Montreal refinery
Oct 23 (Reuters) - Suncor Energy on Thursday reported the restart of units in sequence at its 137,000 barrels-per-day Montreal refinery. On Monday, a power outage had prompted a shutdown at the refinery. "This restart should last a few days. During this period, the flame from the flare may be mo...Reuters
Thu, Oct 23
US natural gas prices slide 3% on larger-than-expected storage build
Storage build exceeds expectations, keeping inventory above normal levelsGas storage levels about 5% above normal, easing supply concernsLNG export flows near record highsSeasonally cold weather forecast to boost heating demandLower 48 states see decline in gas outputBy Scott DiSavino Oct 23 (Reu...Reuters
Thu, Oct 23
EU leaders set conditions for new climate goal
Leaders agree to proceed with new 2040 climate targetFocus on keeping economy competitive while going greenCountries split over pace and cost of emissions cutsClean transition is a business opportunity, von der Leyen says By Kate Abnett, Bart H. Meijer and Miranda Murray BRUSSELS, Oct 23 (Reuters...Reuters
Thu, Oct 23
WTI Price Forecast: Crude Oil challenges 50-day SMA as US sanctions spark fresh rally
West Texas Intermediate (WTI) surges on Thursday, extending its rally for the third consecutive day after the United States (US) imposed sanctions on Russian energy majors Rosneft and Lukoil, stoking supply concerns.
Fxstreet
Thu, Oct 23
GRAINS-Soybean, corn futures hit 1-month highs as crude oil soars
By Julie Ingwersen CHICAGO, Oct 23 (Reuters) - U.S. soybean and corn futures rose on Thursday to one-month highs, spurred by a jump in crude oil following U.S. sanctions on Russia's two biggest oil firms along with hopes for progress in U.S.-Chinese trade talks. Wheat futu...Reuters
Thu, Oct 23
PRECIOUS-Gold rises on renewed geopolitical risks; US inflation data in focus
US mulls new controls on tech exports to ChinaWashington sanctions Russia’s two biggest oil majorsUS inflation data due on FridayBy Noel John and Pablo Sinha Oct 23 (Reuters) - Gold prices rose over 1% on Thursday after two consecutive sessions of losses, as renewed geopolitical risks bolstered ...Reuters
Thu, Oct 23
Valero Energy beats third-quarter profit estimates on stronger margins
Valero's shares gain nearly 7%Refining margins supported by global demand and low inventoryValero plans to operate refineries at 95% capacity in Q4By Nicole Jao Oct 23 (Reuters) - U.S. refiner Valero Energy VLO.N, kicking off the earnings season for refiners, posted better-than-expected third...Reuters
Thu, Oct 23
Gold bounces above $4,100 as buyers step in ahead of US CPI
Gold price recovers some ground on Thursday after posting back-to-back bearish daily candles, courtesy of traders booking profits ahead of the release of September’s US inflation report, along with a slight tempering of US President Donald Trump's trade rhetoric on China.
Fxstreet
Thu, Oct 23
Canada is hoping for a Carney-Xi meeting in Asia next week, says Canadian official
OTTAWA, Oct 23 (Reuters) - Canada hopes that Prime Minister Mark Carney will meet Chinese President Xi Jinping on the sidelines of a summit in South Korea next week, a senior Canadian government official told reporters on Thursday.Carney, who stresses the need to restart a broad engagement with Beij...Reuters
Thu, Oct 23
