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METALS-London metals mixed as investor caution lingers amid US-China tariff truce
SHANGHAI, May 14 (Reuters) - Base metal prices in London showed varied performance on Wednesday, as investor caution persisted despite a temporary pause in the U.S.-China trade conflict, which has weighed on the global economy and financial markets.Benchmark copper CMCU3 on the London Metal Exchange...Reuters
Wed, May 14
PRESS DIGEST-British Business - May 14
May 14 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- UK's culture secretary Lisa Nandy said that she is under no legal obligation to intervene in an Abu Dhabi-led...Reuters
Wed, May 14
GRAINS-Soybeans rise to 3-month high on trade optimism; wheat edges higher
BEIJING, May 14 (Reuters) - Chicago soybean futures rose to a three-month high on Wednesday, supported by a weaker dollar and renewed optimism sparked by a temporary truce in the U.S.-China trade conflict. Wheat rebounded on short-covering after falling to contract lows in the previous session, whil...Reuters
Wed, May 14
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 14 (Reuters) - Contract Target Support/Resistance Brent oil $65.69/$65.05res $66.80/$67.49Palm oil (3rd month)3,970 ringgitsup 3,906/3,867 ringgitWTI* $62.65/$61.99res $63.81/$64.53Spot gold$3,206/$3,176/$3,135res $3,251/$3,286/$3,322LME copp...Reuters
Wed, May 14
PRECIOUS-Gold falls as easing Sino-US trade woes dulls safe-haven appeal
May 14(Reuters) - Gold prices edged lower on Wednesday as softening trade tension between the U.S. and China weakened safe-haven demand, while markets eyed another set of inflation data to assess the Federal Reserve's policy path.FUNDAMENTALS* Spot gold XAU= fell 0.1% to $3,246.21 an ounce as of...Reuters
Wed, May 14
Gold Price Forecast: XAU/USD holds below $3,250 on improved risk sentiment
The Gold price (XAU/USD) trades in negative territory around $3,245 during the early Asian session on Wednesday. Improved risk appetite in the financial markets due to a tariff deal between the United States (US) and China weighs on the yellow metal, a safe-haven asset.
Fxstreet
Wed, May 14
REFILE-Australia's Woodside, Saudi Aramco sign deal for potential Louisiana LNG stake buy
May 14 (Reuters) - Australia's Woodside Energy WDS.AX said on Wednesday it had entered a non-binding agreement with Aramco 2223.SE to explore opportunities, including the Saudi Arabian company's potential stake acquisition in the Louisiana LNG project.Reuters
Wed, May 14
Oil prices hold near two-week highs on trade war reprieve, weaker dollar
Brent, WTI dip about 0.1%Lower-than-expected U.S. inflation weighs on dollarDemand-side pessimism eases, analyst saysTo come: U.S. EIA weekly inventory report due at 1430 GMTBy Colleen Howe BEIJING, May 14 (Reuters) - Oil prices held near two-week highs in early trading on Wednesday, supported by...Reuters
Wed, May 14
WTI extends the rally above $63.00 on easing trade tensions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.25 during the Asian trading hours on Wednesday. The WTI price extends its upside amid easing trade tensions between the United States (US) and China, which prompt traders to dial back odds of a recession.
Fxstreet
Wed, May 14
CIF/FOB Gulf Grain-Soybean barge bids firm
CHICAGO, May 13 (Reuters) - Basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals firmed on Tuesday, reflecting exporter needs and a slow pace of farmer offerings, traders said. CIF Gulf soybean barges loaded in May were bid at around 62 cents over Chicago Board of Trade July SN25...Reuters
Tue, May 13
US Plains HRW Wheat-Spot basis bids flat as futures slump
CHICAGO, May 13 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were flat in a spot check of facilities around the southern U.S. Plains on Tuesday as futures hit contract lows. CBOT July K.C. HRW wheat KWN25 futures closed up after falling for four sessions in a row, following a drop to ...Reuters
Tue, May 13
CANADA-CRUDE-Discount on Western Canada Select heavy crude widens
May 13 (Reuters) - The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) CLc1 widened on Tuesday.WCS for June delivery in Hardisty, Alberta, settled at $9.15 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, after havin...Reuters
Tue, May 13
US health department to reverse federal layoffs of coal safety workers, senator says
By Valerie Volcovici WASHINGTON, May 13 (Reuters) - Over 100 federal employees who screen coal miners for black lung disease and research other respiratory disease who had been terminated as part of sweeping government layoffs have had their jobs restored permanently, West Virginia Republican Sen...Reuters
Tue, May 13
Ukraine completes steps for minerals deal with US, deputy prime minister says
May 13 (Reuters) - Ukraine has concluded procedures for implementation of a deal with the United States on exploiting minerals, including the operation of an investment fund, the country's first deputy prime minister said on Tuesday.Yulia Svyrydenko gave few details of the latest step in securin...Reuters
Tue, May 13
US imposes sanctions on companies it says sent Iranian oil to China
US imposes sanctions on firms assisting Iran's Sepehr EnergyUS designated Sepehr in 2023Treasury says companies helped get Iranian oil to ChinaLatest measures come days after 4th round of US-Iran talksAnalyst says fresh sanctions put pressure on Chinese banksBy Timothy Gardner WASHINGTON, May...Reuters
Tue, May 13
LIVESTOCK-CME cattle hover near highs after previous day's rally
By Heather Schlitz CHICAGO, May 13 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures settled near contract highs on Tuesday that were struck during the previous session when a halt to imports of Mexican cattle sent Chicago cattle futures sky-rocketing, traders said. ...Reuters
Tue, May 13
US Cash Crude-Grades broadly fall as crude stocks rise, API data shows
May 13 (Reuters) - Physically traded U.S. crude grades broadly slipped on Tuesday, dealers said, as stocks ticked higher and domestic refining demand weakened.U.S. crude oil stocks rose last week while gasoline and distillate inventories fell, market sources said, citing American Petroleum Institute...Reuters
Tue, May 13
Last-ditch lobbying blitz seeks to save Biden's clean-energy tax credits
Republican bill aims to cut tax credits for renewable energyBiden climate bill created jobs in Republican states, group saysAdvertisements will note jobs created in congressional districtBy Valerie VolcoviciWASHINGTON, May 13 (Reuters) - U.S. energy industry trade groups have launched a last-minute ...Reuters
Tue, May 13
US farm agency restores some climate-related webpages after farmer lawsuit
By Leah Douglas WASHINGTON, May 13 (Reuters) - The U.S. Department of Agriculture restored on Tuesday some climate change-related webpages that the agency had deleted since President Donald Trump's inauguration, after being sued by farm and environmental groups, one of the groups said. The Tr...Reuters
Tue, May 13
