News
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WTI drifts higher to near $62.50 as OPEC+ increases output at steady rate
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.40 during the Asian trading hours on Tuesday. The WTI price edges higher after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) decided to increase their production again.
Fxstreet
Tue, Jun 3
Oil rises on Iran, Russia and Canada supply concerns
June 3 (Reuters) - Oil prices rose in early Asia trade on Tuesday on concerns about supply, with Iran set to reject a U.S. nuclear deal proposal that would be key to easing sanctions on the major oil producer, and with production in Canada hit by wildfires.Reuters
Tue, Jun 3
GRAINS-Wheat falls on improved US crop rating; corn down
SINGAPORE, June 3 (Reuters) - Chicago wheat slid on Tuesday, giving up some of last session's gains, as improved U.S. crop condition weighed on prices, although intensifying Russia-Ukraine war limited losses. Corn fell, while soybeans were largely unchanged. FUNDAMENTALS* The most-active...Reuters
Tue, Jun 3
EXCLUSIVE-FEMA staff confused after head said he was unaware of US hurricane season, sources say
Agency head Richardson made comment on second day of hurricane seasonRichardson said no changes to agency's disaster plan this yearFEMA cuts have raised concern about agency capacity to respond to natural disastersBy Leah Douglas, Ted Hesson and Nathan Layne WASHINGTON, June 2 (Reuters) - Sta...Reuters
Tue, Jun 3
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, June 3 (Reuters) - Contract Target Support/Resistance Brent oil $64.38/$63.97res $65.31/$65.62/$66.13Palm oil (3rd month)-res 3,886/3,912/3,945 ringgitsup 3,860/3,827/3,807 ringgitWTI* $62.31/61.83res $63.28/$63.88Spot gold$3,411/$3,424sup $3...Reuters
Tue, Jun 3
Robotics firm raises $60 million to scale up wind turbine repairs
Aerones' robots halve wind turbine maintenance time, reducing downtime costsFunding led by US investors Activate Capital and S2G InvestmentsAerones plans further $15-$20 million debt raise By Virginia FurnessLONDON, June 3 (Reuters) - Latvian tech company Aerones, which counts GE and Enel among ...Reuters
Tue, Jun 3
CIF/FOB Gulf Grain-Corn barge bids ease, soybean bids steady to higher
CHICAGO, June 2 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast terminals continued to turn lower on Monday, amid competition hunting for bargains amid hefty supplies from South America, traders said.Meanwhile, basis bids for soybeans were steady to slightly higher, as the Chic...Reuters
Mon, Jun 2
EXCLUSIVE-US pushes countries for best offers by Wednesday as tariff deadline looms
Trump administration wants countries to detail tariff rates, potential US investmentsTrade group welcomes move to accelerate trade talksUSTR draft letter reveals urgency to finalize deals with trading partnersCourt ruling challenges legality of Trump's sweeping tariff policiesBy Jarrett Renshaw ...Reuters
Mon, Jun 2
UK trade minister to meet USTR Greer to discuss implementing tariff deal
LONDON, June 3 (Reuters) - Britain's trade minister Jonathan Reynolds will meet U.S. Trade Representative Jamieson Greer on Tuesday to discuss the implementation of a trade deal that has been complicated by the announcement of fresh U.S. tariffs on steel. Reynolds will review recently agreed...Reuters
Mon, Jun 2
LIVESTOCK-Cattle end higher in range-bound trade; hogs finish mixed
By Julie IngwersenCHICAGO, June 2 (Reuters) - Chicago Mercantile Exchange cattle futures ended higher on Monday in range-bound trade as brokers awaited fresh direction, while last week's firm cash cattle prices underpinned the market.Benchmark CME August live cattle futures LCQ25 settled up 1.65...Reuters
Mon, Jun 2
GRAINS-Soybeans hit seven-week low; corn eases, wheat climbs
By Julie Ingwersen CHICAGO, June 2 (Reuters) - Chicago Board of Trade soybean and soyoil futures fell to their lowest levels in seven weeks on Monday on worries about demand for U.S. oilseed supplies and generally favorable crop weather, analysts said.Corn futures followed soybeans lower. But whe...Reuters
Mon, Jun 2
EXCLUSIVE-FEMA staff confused after head said he was unaware of US hurricane season, sources say
Agency head Richardson made comment on second day of hurricane seasonRichardson said no changes to agency's disaster plan this yearFEMA cuts have raised concern about agency capacity to respond to natural disastersBy Leah Douglas, Ted Hesson and Nathan Layne WASHINGTON, June 2 (Reuters) - Sta...Reuters
Mon, Jun 2
Oil gains on supply concerns as wildfires disrupt Canada supply, OPEC+ keeps output plans unchanged
OPEC+ to raise output by 411,000 bpd in JulyUS dollar weakens on fresh tariff threatsCanadian thermal oil sands operators shut production due to wildfiresBy Nicole Jao NEW YORK, June 2 (Reuters) - Oil prices climbed nearly 3% on Monday on supply concerns as producer group OPEC+ decided not to acc...Reuters
Mon, Jun 2
CANADA-CRUDE-Discount on Western Canada Select heavy crude widens; wildfires affect production
June 2 (Reuters) - The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) CLc1 widened on Monday but remained in historically tight territory as wildfires affected Canadian oil production.WCS for July delivery in Hardisty, Alberta, settled a...Reuters
Mon, Jun 2
US Cash Grains-Soybean, corn basis bids jump at elevators, processors
CHICAGO, June 2 (Reuters) - Spot soybean and corn basis bids jumped at some elevators and processors in the U.S. Midwest on Monday, dealers said.Farmers continue to be reluctant to sell crops as they wrap up plantings and try to assess how growing conditions may look during the summer, they said.The...Reuters
Mon, Jun 2
Chiquita Panama to lay off remaining workers after management leaves country
PANAMA CITY, June 2 (Reuters) - Chiquita Panama's administrative staff have left the country and the firm will seek authorization from the government to sack its remaining personnel in Panama, the nation's labor minister said on Monday. The news comes after the company fired some 5,000 worke...Reuters
Mon, Jun 2
Ukraine's attacks cut power to whole of Russia-controlled parts of Zaporizhzhia, Russian agencies report
June 3 (Reuters) - The whole part of the Zaporizhzhia region controlled by Russia has lost power as a result of attacks by Ukrainian forces, Russia's news agencies reported early on Tuesday. "As a result of shelling by the Ukrainian Armed Forces, high-voltage equipment was damaged in the nor...Reuters
Mon, Jun 2
