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EU wheat rises with Chicago as Ukraine war tensions prompt short-covering
PARIS, June 2 (Reuters) - Euronext wheat rose on Monday in step with U.S. futures as news of a Ukrainian drone attack deep inside Russia rekindled war concerns, though prices pared gains as favourable crop prospects and slow demand hung over the market.September milling wheat BL2U5, the most active ...Reuters
Mon, Jun 2
METALS-US copper futures surge as tariff fears loom
By Ashitha Shivaprasad June 2 (Reuters) - U.S. copper futures jumped on Monday, widening their premium over London prices, amid speculation about possible new import tariffs after U.S. President Donald Trump said he would double tariffs on aluminium and steel imports to 50%. The most activ...Reuters
Mon, Jun 2
Trump administration proposal would lift Biden-era limits on Alaska oil drilling
June 2 (Reuters) - The administration of U.S. President Donald Trump on Monday proposed rolling back Biden-era limits on oil and gas drilling in an Alaska area that is the nation's largest tract of undisturbed public land.The move is consistent with Trump's goal to slash regulations for oil ...Reuters
Mon, Jun 2
Europe Gasoline/Naphtha-Gasoline profit margins rise
LONDON, June 2 (Reuters) - Northwest European gasoline profit margins rose to about $15.79 a barrel on Monday despite lower European exports.A total of 10,000 metric tons of Eurobob E5 barges traded in the Argus window, with Shell, TotalEnergies and ExxonMobil selling to Trafigura, BMV and BP.A furt...Reuters
Mon, Jun 2
Gold skyrockets to 4-week high amid geopolitical tensions, tariffs fears
Gold prices rallied sharply on Monday, reaching their highest level in over four weeks, as geopolitical risks escalated over the Russia-Ukraine conflict. Renewed tensions on trade between the United States (US) and China prompted investors to buy the yellow metal throughout the day.
Fxstreet
Mon, Jun 2
EU wheat rises with Chicago as Ukraine war tensions prompt short-covering
PARIS, June 2 (Reuters) - Euronext wheat rose on Monday in step with U.S. futures as news of a Ukrainian drone attack deep inside Russia rekindled concerns about the war between the two grain exporters, prompting some short-covering after recent price lows.September milling wheat BL2U5, the most ac...Reuters
Mon, Jun 2
Carney and Canadian premiers bid to speed up major projects, cut US reliance
OTTAWA, June 2 (Reuters) - Prime Minister Mark Carney, seeking to reduce Canada's economic ties to the United States, on Monday met the heads of the 10 provinces as part of a push to slash the time needed to approve mining and energy projects.It can take a decade or more for a mine or a pipeline...Reuters
Mon, Jun 2
Ivanhoe says may partially restart flooded Congo copper mine late June
JOHANNESBURG, June 2 (Reuters) - Ivanhoe Mines IVN.TO said on Monday it plans to restart a section of its Kakula copper mine in the Democratic Republic of Congo later this month, which was temporarily closed after underground seismic activities.The Canadian miner temporarily stopped operations at th...Reuters
Mon, Jun 2
US Cash Grains-Soy, corn basis bids rise at interior and river facilities
CHICAGO, June 2 (Reuters) - Spot soybean and corn basis bids rose at some river terminals and interior grain facilities in the U.S. Midwest on Monday, spot checks showed.Farmers are finishing up plantings of both crops and been selling relatively minimal amounts as the growing season gets underway, ...Reuters
Mon, Jun 2
Trump budget proposes closing Northeast heating oil reserve
WASHINGTON, June 2 (Reuters) - President Donald Trump's budget proposes to shut as soon as in a few months the Northeast Home Heating Oil Reserve, which stores 1 million barrels of diesel and was designed to protect consumers.The reserve, created in 2000 by former President Bill Clinton, holds e...Reuters
Mon, Jun 2
Gold: Long market plumbing – TDS
Markets continue to expect large-scale CTA buying activity in Gold markets, tallying up to a massive +20% of max size into this week's NFP in any scenario for prices, reflecting a rise in leverage and signal strength as Liberation day's vol-shock continues to reverberate across markets, TDS' SeniorFxstreet
Mon, Jun 2
Mali court adjourns hearing on whether to put Barrick's gold mines under provisional administration
Malian court adjourns Barrick Mining's hearing to Thursday Government seeks provisional control of Barrick's complexGold prices have surged some 28.5% in the year to dateBy Tiemoko Diallo and Portia Crowe BAMAKO, June 2 (Reuters) - A Malian court has adjourned to Thursday a hearing on whe...Reuters
Mon, Jun 2
Goldman Sachs lifts second-half 2025 aluminium forecast to $2,280/t
June 2 (Reuters) - Goldman Sachs has raised its aluminium price forecast for the second half of 2025 by $140 to $2,280 per metric ton, citing a smaller than expected market surplus, but expects prices to decline in early 2026. The bank said the impact of the trade war on global activity had been les...Reuters
Mon, Jun 2
India's Adani denies sanctions evasion or Iran LPG trade after WSJ reports US probe
June 2 (Reuters) - India's Adani Group on Monday denied "any deliberate engagement" in sanctions evasion or trade involving Iranian-origin liquefied petroleum gas, after the Wall Street Journal reported that U.S. prosecutors were probing whether Adani entities had imported Iranian LPG in...Reuters
Mon, Jun 2
US aluminium, steel prices jump, shares drop on Trump's new tariffs
Increased steel and aluminium tariffs take effect on June 4US prices of steel, aluminium, copper surgeShares of steelmakers in South Korea and Vietnam tumbleSome experts anticipate steel tariff rates could go downBy Eric Onstad, Hyunjoo Jin and Hongmei Li LONDON/SEOUL/SINGAPORE, June 2 (Reuters) ...Reuters
Mon, Jun 2
US Henry Hub natural gas prices hit three-year high in May
June 2 (Reuters) - U.S. spot natural gas prices at the Henry Hub NG-W-HH-SNL benchmark in Louisiana rose to a three-year high for the month of May, according to pricing data from financial firm LSEG.Gas prices averaged $3.12 per million British thermal units (mmBtu) in May, their highest for that mo...Reuters
Mon, Jun 2
Adani Group Spokesperson: WSJ Story Alleging Links Between Adani Entities And Iranian LPG Is 'Baseless'
June 2 (Reuters) - ADANI GROUP SPOKESPERSON:WALL STREET JOURNAL’S STORY ALLEGING LINKS BETWEEN ADANI ENTITIES AND IRANIAN LPG IS 'BASELESS'CATEGORICALLY DENIES ANY DELIBERATE ENGAGEMENT IN SANCTIONS EVASION OR TRADE INVOLVING IRANIAN-ORIGIN LPGNOT AWARE OF ANY INVESTIGATION BY U.S. AUTHORITI...Reuters
Mon, Jun 2
US natgas prices jump 8% to 3-week high on lower output, higher demand
Oil price spike helps boost gas pricesUS LNG exports to decline due Sabine Pass plant maintenanceGas storage seen at 4% above normal levelsBy Scott DiSavino June 2 (Reuters) - U.S. natural gas futures jumped about 8% to a three-week high on Monday on a drop in output forecasts for warmer weather ...Reuters
Mon, Jun 2
