News
Important Only
GRAINS-Soybeans ease for third session on US weather; wheat, corn firm
SINGAPORE, May 19 (Reuters) - Chicago soybean futures lost more ground on Monday, with prices coming under pressure from improved U.S. growing conditions. Wheat inched higher as dryness in China's key growing areas supported prices, while corn firmed on bargain-buying after last session'...Reuters
Mon, May 19
Moody’s Downgrades U.S. Credit Rating, Treasury Secretary Threatens Tariff Restoration, Gold Prices Surge!
The U.S. credit rating was downgraded by Moody’s, and the Treasury Secretary threatened to reinstate reciprocal tariffs, triggering a surge in gold prices amid heightened risk aversion.
TradingKey
Mon, May 19
Gold players keep faith despite trade truce-induced correction
Spot gold heads for worst week since NovemberGold likely to rise than to fall from here - analystGold hit all-time high of $3,500.05/oz last monthBy Brijesh Patel May 16 (Reuters) - Gold prices have fallen almost 10% from a record high just above $3,500 per ounce in April as a de-escalation in U....Reuters
Mon, May 19
Japan halts some poultry imports from Brazil after bird flu outbreak
By Yuka Obayashi TOKYO, May 19 (Reuters) - Japan has suspended imports of poultry meat from the southern Brazilian city of Montenegro and live poultry from the wider state of Rio Grande do Sul following a bird flu outbreak, an official at Japan's agriculture ministry said on Monday. The ban t...Reuters
Mon, May 19
METALS-London copper rises as dollar drifts lower
NEW DELHI, May 19 (Reuters) - Copper prices in London rose slightly on Monday following some weakness in the dollar, although U.S. President Donald Trump's renewed tariff threat checked gains.Benchmark copper CMCU3 on the London Metal Exchange (LME) was up 0.2% at $9,465.5 a metric ton as of 021...Reuters
Mon, May 19
Gold advances to near $3250 due to safe-haven demand, US economic concerns
Gold (XAU/USD) is recovering from recent losses, trading near $3,230 per troy ounce during Monday’s Asian session. The rebound is fueled by increased demand for safe-haven assets amid rising concerns over the US economic outlook and fiscal health.Fxstreet
Mon, May 19
Oil little changed as investors eye Iran-US talks, China data
By Florence Tan SINGAPORE, May 19 (Reuters) - Oil prices were little changed on Monday with investors eyeing the outcome of Iran-U.S. nuclear talks and key economic data due from China to assess the impact on its commodities demand following trade tensions with the United States.Brent crude futur...Reuters
Mon, May 19
PRECIOUS-Gold rises as dollar slips, Trump tariff threats fuel safe-haven demand
May 19 (Reuters) - Gold prices rose more than 1% on Monday as the dollar weakened and as U.S. Treasury Secretary Scott Bessent reaffirmed President Donald Trump's tariff threats, boosting safe-haven demand amid renewed trade tensions.Reuters
Mon, May 19
Japan partially suspends poultry imports from Brazil after bird flu outbreak
TOKYO, May 19 (Reuters) - Japan suspended imports of poultry meat from the city of Montenegro and live poultry from the broader Brazilian state of Rio Grande do Sul last Friday following an outbreak of bird flu, an official at Japan's agriculture ministry said on Monday. Brazil, the world's ...Reuters
Mon, May 19
New Jersey rail strike ends, service to resume on Tuesday
By Joseph AxMay 18 (Reuters) - New Jersey Transit trains will begin running again on Tuesday after the agency reached a tentative deal on Sunday with striking rail engineers on wage increases, ending a three-day work stoppage that had left tens of thousands of commuters to New York scrambling to fin...Reuters
Mon, May 19
Heavy rains kill 5 in China's south, authorities issue disaster alerts
HONG KONG, May 19 (Reuters) - Heavy rains in China's southern Guangdong and Guangxi provinces killed five people and left several missing over the weekend as authorities issued alerts for severe rain, mountain flooding and geological disasters in the south of the country. China's Nationa...Reuters
Mon, May 19
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 19 (Reuters) - Contract Target Support/Resistance Brent oil $64.57/$63.88res $65.69/$66.02/$66.38Palm oil (3rd month)3,763 ringgitres 3,825/3,870/3,924 ringgitWTI* $61.99/$61.50res $63/$63.37/$63.81Spot gold$3,251/$3,286sup $3,206/$3,176L...Reuters
Mon, May 19
New Jersey rail strike to end on Tuesday
By Joseph AxMay 18 (Reuters) - New Jersey Transit trains will begin operating again on Tuesday after the agency reached a deal with striking rail engineers on wage increases, ending a work stoppage that affected about 350,000 passengers.The statewide rail strike, the first to hit NJ Transit in more ...Reuters
Sun, May 18
LME WEEK-Tariffs, Trump and China in focus as metals industry gathers in Asia
By Lewis Jackson HONG KONG, May 19 (Reuters) - As the metals industry gathers in Hong Kong for its annual shindig, the focus will be on the large amounts of copper being diverted to the U.S. due to President Donald Trump's threat to impose tariffs on the metal.Trump’s efforts to upend the pos...Reuters
Sun, May 18
COLUMN-Funds get short CBOT corn but ink record bullish oilshare bets: Braun
By Karen Braun NAPERVILLE, Illinois, May 18 (Reuters) - Speculators sold significantly more Chicago corn than expected last week, establishing their first bearish stance on the yellow grain in nearly seven months.However, funds’ massive CBOT soybean meal short combined with their building bullish...Reuters
Sun, May 18
Mexican Navy tall ship crashes into Brooklyn Bridge, killing two
A female cadet and a male Marine died from their injuries, Mexican President Claudia Sheinbaum tells reportersMexican Navy says 22 injured on board the ship, 19 receiving medical attentionTraining vessel's masts toppled while sailing under bridgeBy Frank McGurtyNEW YORK, May 17 (Reuters) - A Mex...Reuters
Sun, May 18
Mexican Navy tall ship crashes into Brooklyn Bridge, killing 2
17 others injured, two of them critically, New York mayor saysTraining vessel's masts toppled while sailing under bridgeNo rescue operations needed since no one fell into waterBy Frank McGurtyNEW YORK, May 17 (Reuters) - A Mexican Navy sailing ship festooned with lights and a giant flag crashed ...Reuters
Sun, May 18
Trump envoy Witkoff cites US 'red line' with Iran against uranium enrichment
Iran criticizes US stance on uranium enrichmentWitkoff optimistic about upcoming negotiations Trump has said US getting close to Iran nuclear dealWASHINGTON, May 18 (Reuters) - Any deal between the United States and Iran must include an agreement not to enrich uranium, U.S. special envoy Steve Witko...Reuters
Sun, May 18
Brazil farmers, officials step up controls where bird flu was found on commercial farm
Millions of eggs destroyed in Brazil Several countries including China banned chicken imports from BrazilSample from a duck found on a non-commercial farm being tested for bird fluBy Debora Ely MONTENEGRO, Brazil, May 18 (Reuters) - Officials and chicken farmers in Brazil have stepped up sanitary...Reuters
Sun, May 18
