News
Important Only
Oil prices rise for a third day on increasing concerns of Iran attack
By Sam Li and Trixie Yap BEIJING, Jan 29 (Reuters) - Oil prices rose for a third day on Thursday on increasing concerns the U.S. may carry out a military attack on key Middle Eastern producer Iran that could disrupt supply from the region.Brent crude futures LCOc1 rose 50 cents, or 0.73%, to $68....Reuters
Thu, Jan 29
Gold climbs above $5,500 for the first time on record
Gold price (XAU/USD) surges to a fresh record high of $5,579 before retreating to around $5,500 in early Asian trading on Thursday. The rally of the precious metal is bolstered by strong safe-haven demand amidst persistent geopolitical tensions, economic uncertainty, and a weaker US Dollar (USD).
Fxstreet
Thu, Jan 29
Hog futures fall back after contract highs, winter weather in focus
Meanwhile, extreme cold and snow storms in the U.S. impacted all livestock futures, slowing processing operations and creating harsh conditions for animals raised outdoors, according to brokers. In a press release on Wednesday, the Texas Department of Agriculture said it had activated relief efforts...Reuters
Thu, Jan 29
US handing over seized tanker to Venezuela, officials say
By Idrees Ali and Phil Stewart WASHINGTON, Jan 28 (Reuters) - The United States is handing over to Venezuela a tanker that it seized this month, two U.S. officials told Reuters on Wednesday.The United States has been carrying out a months-long effort to seize oil tankers linked to Venezuela - car...Reuters
Thu, Jan 29
RPT-Russia hunts for new naphtha markets as key buyers pull back
Sanction risk leaves cargoes stranded or re-exportedWeak demand seen widening discounts on Russian barrels Premiums on non-sanctioned barrels seen rising By Mohi Narayan and Natalia Chumakova NEW DELHI/MOSCOW, Jan 28 (Reuters) - Russia's naphtha exports to Asia are set to fall in January, wit...Reuters
Thu, Jan 29
WTI drifts higher to four-month high near $63.50 amid US inventory drop, Iran risks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.60 during the Asian trading hours on Thursday. The WTI price rises to its highest since late September as crude oil inventories drop and geopolitical tensions in Iran escalate.
Fxstreet
Thu, Jan 29
US Plains HRW Wheat-Basis flat but rising futures spur light farmer sales
CHICAGO, Jan 28 (Reuters) - Basis bids for hard red winter wheat held steady in the southern U.S. Plains on Wednesday, but farmer selling picked up in a few areas as K.C. wheat futures reached two-month highs, brokers said.Temperatures were rising in the Plains after a massive winter storm crossed t...Reuters
Thu, Jan 29
Brazil approves anti-dumping measures on imports of pre-painted steel from China, India
Jan 28 (Reuters) - BRAZIL'S TRADE BODY GECEX/CAMEX APPROVES ANTI-DUMPING MEASURES ON IMPORTS OF PRE-PAINTED STEEL FROM CHINA AND INDIA - STATEMENTBRAZIL'S TRADE BODY GECEX/CAMEX ALSO APPROVES INCREASE OF IMPORT TARIFFS ON NINE STEEL CATEGORIES TO 25% FOR 12 MONTHSReuters
Wed, Jan 28
CIF/FOB Gulf Grain-Spot soybean barge basis bids turn lower, corn steady-higher
CHICAGO, Jan 28 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast export terminals turned lower on Wednesday, adding to the volatility seen this week amid currency pressure, rising freight rates and weather woes snarling navigation on Midwest rivers, traders said.Basis bids for...Reuters
Wed, Jan 28
EXCLUSIVE-US moves away from critical mineral price floors, sources say
Trump officials told industry price floors gone, sources sayIndustry have long seen price support as tool to offset ChinaUS Senate committee reviewing price floor given to MP Materials By Ernest Scheyder and Jarrett Renshaw Jan 28 (Reuters) - The Trump administration is stepping back from plans t...Reuters
Wed, Jan 28
EXCLUSIVE-Citgo buys first Venezuelan oil since 2019 from Trafigura, sources say
Citgo's U.S. refineries good match for Venezuelan crudeWashington has denied Venezuelan crude to Citgo since 2019Citgo purchased 500,000 barrel cargo of Venezuelan crude, sources sayBy Marianna Parraga and Shariq KhanHOUSTON/NEW YORK, Jan 28 (Reuters) - U.S. refiner Citgo Petroleum has bought Ve...Reuters
Wed, Jan 28
Coffee Holding Company Reports Annual Results.
Jan 28 (Reuters) - Coffee Holding Co Inc JVA.O:COFFEE HOLDING COMPANY REPORTS ANNUAL RESULTS.COFFEE HOLDING CO INC - IMPACT OF TARIFFS DURING H2 OF FY25 RESULTED IN $1 MILLION NEGATIVE CASH BALANCECOFFEE HOLDING CO INC: WITH TARIFFS ON COFFEE IMPORTS ELIMINATED, WE DO NOT ANTICIPATE REPEAT OF THIS C...Reuters
Wed, Jan 28
EXCLUSIVE-US moves away from critical mineral price floors, sources say
Trump officials told industry price floors gone, sources sayIndustry have long seen price support as tool to offset ChinaUS Senate committee reviewing price floor given to MP Materials By Ernest Scheyder and Jarrett Renshaw Jan 28 (Reuters) - The Trump administration is stepping back from plans t...Reuters
Wed, Jan 28
Chile's Mantoverde makes workers new offer as strike continues
By Fabian CamberoSANTIAGO, Jan 28 (Reuters) - Capstone Copper's CS.TO Mantoverde copper and gold mine in northern Chile said on Wednesday it presented a new contract offer to workers in a bid to end a strike that began in early January, after talks over new labor contracts broke down.The offer, ...Reuters
Wed, Jan 28
Citi expects oil prices to stay elevated despite oversupply risks
Jan 28 (Reuters) - Citi said on Wednesday that oil prices may stay elevated due to rising geopolitical risks, U.S. restrictions on Russian oil purchases and continued Chinese buying, even as markets entered the year expecting a large oversupply."Further geopolitical escalation can lift prices to...Reuters
Wed, Jan 28
PRECIOUS-Gold extends record run, races past $5,400/oz
By Anushree Mukherjee Jan 29 (Reuters) - Spot gold XAU= extended its record‑setting rally on Thursday, marching above the $5,400 per ounce mark as investors sought safety amid deepening economic and geopolitical uncertainty.Spot gold XAU= was up 0.3% at $5,413.67 an ounce at 2209 GMT after hittin...Reuters
Wed, Jan 28
EXCLUSIVE-US handing over seized tanker to Venezuela, officials say
By Idrees Ali and Phil StewartWASHINGTON, Jan 28 (Reuters) - The United States is handing over a tanker to Venezuela that it seized this month, two U.S. officials told Reuters on Wednesday, the first known instance in which President Donald Trump's administration has returned such a tanker. The ...Reuters
Wed, Jan 28
US LNG plants imported cargoes during winter storm as natural gas prices hit records
BP and Shell imported LNG from Trinidad amid U.S. winter stormSpot gas prices hit all-time highs due to increased demand and frozen wellsElba Island and Cove Point received unusual LNG imports for high-price opportunityBy Scott DiSavino and Curtis Williams HOUSTON/NEW YORK, Jan 28 (Reuters) - ...Reuters
Wed, Jan 28
GRAINS-Chicago grains and oilseeds rise on recent dollar weakness, biofuel optimism
By Renee Hickman Jan 28 (Reuters) - Chicago grain and soybean futures climbed on Wednesday after the dollar's weakening to a four-year low made U.S. crops more attractive for overseas buyers.Grain markets were also monitoring the impact of a winter storm on U.S. wheat fields and agricultural ...Reuters
Wed, Jan 28
