News
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In niche wheat futures market, rebooted legacy contract fends off new offering from giant rival
CME's new spring wheat contract struggles with low trading volume, open interestTraders prefer MIAX contract due to familiarity, established useCME determined to give spring wheat futures "time to build"By Julie Ingwersen and Karl Plume CHICAGO, Aug 21 (Reuters) - In a head-to-head co...Reuters
Thu, Aug 21
ICE canola futures follow soyoil higher
WINNIPEG, Manitoba, Aug 21 (Reuters) - ICE canola futures jumped on surging soyoil values on Thursday.• November canola RSX5 settled up $14.20 at $663.30 per metric ton. January RSF6 rose $14.20 to $674.40.• Canada's federal agriculture minister and other senior federal politicians met with Sask...Reuters
Thu, Aug 21
CORRECTED-PRECIOUS-Gold slips as dollar firms ahead of Powell's Jackson Hole speech
US dollar up 0.4% US weekly jobless claims rise to highest since JuneTraders pricing in 79% chance of a quarter-point rate cut by SeptemberBy Noel John Aug 21 (Reuters) - Gold prices edged lower on Thursday as the dollar strengthened, while investors awaited U.S. Federal Reserve Chair Jerome Powe...Reuters
Thu, Aug 21
US Cash Crude-Grades mixed on first day of volatile roll trade period
Aug 21 (Reuters) - U.S. crude grades were mixed on Thursday, on the first day of a volatile roll trading period, dealers said. Midland and WTI at East Houston (MEH) firmed 5 cents, while Mars eased 10 cents.Traders use the three-day roll period to adjust their crude slates, square up positions and n...Reuters
Thu, Aug 21
SOFTS-Arabica coffee sets 2-1/2-month high, sugar and cocoa fall
LONDON, Aug 21 (Reuters) - Arabica coffee futures on ICE settled at a fresh 2-1/2-month high on Thursday as roasters looked to secure alternative supplies following a 50% tariff on U.S. imports from top producer Brazil. COFFEE* Arabica coffee futures KCc2 rose 3.3% to $3.65 per lb, the highes...Reuters
Thu, Aug 21
Oil rises 1% on stalled Russia-Ukraine peace talks, strong US demand
Brent, WTI rise for a second consecutive sessionRussia, Ukraine blame each other for stalled peace processUS crude and gasoline stocks fall, lifting demand outlookBy Shariq Khan NEW YORK, Aug 21 (Reuters) - Oil prices rose by nearly a dollar a barrel on Thursday as Russia and Ukraine blamed each ...Reuters
Thu, Aug 21
Guyana's oil output almost unchanged at 664,000 bpd in July
GEORGETOWN, Guyana, Aug 21 (Reuters) - Oil output in Guyana was almost unchanged last month at around 664,000 barrels per day (bpd), the government said in a bulletin on Thursday, which led to an average of 643,000 bpd in the first seven months of the year.The South American country's oil produc...Reuters
Thu, Aug 21
Guyana's oil output almost unchanged at 664,000 bpd in July
GEORGETOWN, Guyana, Aug 21 (Reuters) - Oil output in Guyana was almost unchanged last month at around 664,000 barrels per day (bpd), the government said in a bulletin on Thursday, which led to an average of 643,000 bpd in the first seven months of the year.Reuters
Thu, Aug 21
Saskatchewan premier says he will go to China soon for canola talks
OTTAWA, Aug 21 (Reuters) - Scott Moe, premier of the western Canadian province of Saskatchewan, said on Thursday he would travel to China in the next two weeks for talks on Beijing's new tariffs on canola.China hit Canadian canola seed imports with preliminary 75.8% duties last week following an...Reuters
Thu, Aug 21
Pennsylvania Power Grid Challenged by Record Number of Outage Events in 2024, PUC Report Finds
Aug 21 (Reuters) - PENNSYLVANIA PUBLIC UTILITY COMMISSION:SAYS PENNSYLVANIA EXPERIENCED 71 “REPORTABLE OUTAGE EVENTS” IN 2024 – THE HIGHEST NUMBER RECORDED IN MORE THAN 30 YEARSSAYS THE 71 OUTAGE EVENTS MARKED SHARP INCREASE FROM 49 EVENTS IN 2023, WERE ACCOMPANIED BY SIGNIFICANT RISE IN TOTAL NUMBE...Reuters
Thu, Aug 21
US natgas prices climb 3% on small storage build, higher LNG export flows
Smaller-than-usual storage build due to increased cooling demandLNG export flows rise, boosting demand and pricesBy Scott DiSavino Aug 21 (Reuters) - U.S. natural gas futures climbed about 3% on Thursday on a smaller-than-expected storage build, recent declines in daily output and an increase in ...Reuters
Thu, Aug 21
RPT-EXCLUSIVE-Trump weighs using $2 billion in CHIPS Act funding for critical minerals, sources say
By Ernest Scheyder and Jarrett Renshaw Aug 21 (Reuters) - The Trump administration is considering a plan to reallocate at least $2 billion from the CHIPS Act to fund critical minerals projects and boost Commerce Secretary Howard Lutnick's influence over the strategic sector, two sources famil...Reuters
Thu, Aug 21
EXCLUSIVE-Trump weighs using $2 billion in CHIPS Act funding for critical minerals, sources say
By Ernest Scheyder and Jarrett Renshaw Aug 21 (Reuters) - The Trump administration is considering a plan to reallocate at least $2 billion from the CHIPS Act to fund critical minerals projects and boost Commerce Secretary Howard Lutnick's influence over the strategic sector, two sources famil...Reuters
Thu, Aug 21
GRAINS-Soybeans, corn rebound on technical trading, bargain buying
Corn, soy recover on technical tradingWheat higher on spillover supportBy Heather Schlitz CHICAGO, Aug 21 (Reuters) - Chicago soybean and corn futures surged on Thursday on short covering and bargain buying after prices sank low enough to attract buying interest, though supply pressure from favor...Reuters
Thu, Aug 21
CBOT wheat ticks higher on spillover support
CHICAGO, Aug 21 (Reuters) - Chicago Board of Trade wheat futures spent Thursday seesawing, but ended higher on spillover support from rising corn and soybean futures.Corn and soybean futures rose on Thursday on technical trading and bargain buying, adding a lift to wheat futures.The U.S. Department ...Reuters
Thu, Aug 21
CBOT soybeans surge on technical trading, bargain buying
CHICAGO, Aug 21 (Reuters) - Chicago Board of Trade soybean futures surged on Thursday on short covering and bargain buying after prices sank low enough to attract buying interest, though supply pressure from favorable U.S. crop conditions continues to loom over the market, analysts said. Markets wer...Reuters
Thu, Aug 21
US opens national security probe into imported wind turbines, components
By David Shepardson and Nichola Groom WASHINGTON, Aug 21 (Reuters) - The U.S. Commerce Department said on Thursday it has opened a national security investigation into the import of wind turbines and components. Earlier this week, the department said it was adding wind turbines to a list of produ...Reuters
Thu, Aug 21
CBOT corn ends higher on bargain buying
CHICAGO, Aug 21 (Reuters) - Chicago Board of Trade corn futures ticked higher on Thursday as low prices attracted bargain buying and traders covered short positions. Grain markets were awaiting a demand update from weekly U.S. export sales later on Thursday and further results from Pro Farmer's ...Reuters
Thu, Aug 21
Gold price slips as markets eye Powell at Jackson Hole
Gold price retreats on Thursday following the release of mixed data from the United States (US) and as traders brace for the Jackson Hole Symposium, waiting for the Federal Reserve’s (Fed) Chair Jerome Powell speech on Friday. The XAU/USD trades at $3,339, down 0.30%.
Fxstreet
Thu, Aug 21
US Plains HRW Wheat-Basis bids mostly flat in muted trade, farmer sales slow
CHICAGO, Aug 21 (Reuters) - Spot basis bids for hard red winter wheat were mostly unchanged around the southern U.S. Plains on Thursday, underpinned by slow farmer sales as prices hovered near recent lows, grain merchants said.Most farmers have stored away what crops they did not sell during the rec...Reuters
Thu, Aug 21
