News
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US natural gas prices slide 2% on mild weather forecasts, ample fuel in storage
Pipeline constraints cause negative cash prices at Waha, AECO hubsAECO prices hit record lows for four consecutive daysLower 48 states' gas output falls, storage levels remain highHurricane Humberto projected to strengthen, but not affect Gulf of MexicoBy Scott DiSavino Sept 26 (Reuters) - ...Reuters
Fri, Sep 26
CBOT wheat slumps as traders adjust positions
CHICAGO, Sept 26 (Reuters) - Chicago Board of Trade wheat futures closed lower on Friday as traders adjusted positions before the end of the quarter and the release of U.S. grain stocks data next week, traders said.Ample global supplies hung over the market.The U.S. Department of Agriculture on Tues...Reuters
Fri, Sep 26
CBOT soy suffers weekly loss after China buys Argentine supplies
CHICAGO, Sept 26 (Reuters) - Chicago Board of Trade soybean futures finished nearly flat on Friday after falling earlier in the week because China was buying Argentine supplies while snubbing U.S. crops, analysts said.Around 40 Argentine soybean cargoes were registered for export in November and Dec...Reuters
Fri, Sep 26
CBOT corn finishes weaker as US harvest progresses
CHICAGO, Sept 26 (Reuters) - Chicago Board of Trade corn futures weakened on Friday as farmers were poised to advance U.S. harvesting over the weekend, analysts said.Drier weather is expected to favor harvesting at least into the early days of September, Commodity Weather Group said.The U.S. Departm...Reuters
Fri, Sep 26
Britain would face 100% tariff on pharmaceuticals under latest Trump plan, sources say
WASHINGTON, Sept 26 (Reuters) - Britain would face 100% tariffs on pharmaceuticals under President Donald Trump's latest plan, sources told Reuters on Friday.Trump said a new 100% tariff would apply to firms unless they build a manufacturing presence in the United States.Reuters
Fri, Sep 26
Gold climbs as Fed’s inflation gauge reinforces dovish bets
Gold price advances during the North American session, up 0.60% on Friday after the last inflation report maintained the status quo, reinforcing dovish bets for further easing by the Federal Reserve (Fed). At the time of writing, the XAU/USD trades at $3,774 after bouncing off daily lows of $3,734.
Fxstreet
Fri, Sep 26
US oil and gas rig count rises to highest since June, Baker Hughes says
Rig count still 6% below last year's level, Baker Hughes reportsPermian Basin rig count falls to lowest since September 2021EIA projects crude output rise despite forecasted price decline in 2025By Scott DiSavino Sept 26 (Reuters) - U.S. energy firms this week added oil and natural gas rigs f...Reuters
Fri, Sep 26
PRECIOUS-Gold firms as inflation data keeps Fed rate cut bets alive
US PCE matches expectations in AugustSilver hit an over 14-year highPlatinum at over 12-year highPalladium headed for a weekly gainBy Sherin Elizabeth Varghese Sept 26 (Reuters) - Gold gained on Friday after U.S. inflation data came in line with expectations, reinforcing bets that the Federal Res...Reuters
Fri, Sep 26
GRAINS-Soy futures flat, headed for weekly loss after China buys Argentina crops
Chinese purchases of Argentine soy loom over US pricesUS farmers advance soy and corn harvestsCBOT corn and wheat futures easeBy Tom Polansek CHICAGO, Sept 26 (Reuters) - Chicago Board of Trade soybean futures were unchanged on Friday, headed for a second weekly loss after China made large purcha...Reuters
Fri, Sep 26
US Cash Grains-Corn and soybean basis bids flat to higher at river terminals
Sept 26 (Reuters) - Corn and soybean basis bids were steady to up at river terminals in a spot check of locations in the U.S. Midwest on Friday. Soybean basis bids were steady to down at processors and corn bids were flat to lower at ethanol plants. The corn basis improved at river terminals in Sen...Reuters
Fri, Sep 26
US tells India that Russian oil curbs are key to trade deal progress
By Jarrett Renshaw Sept 26 (Reuters) - U.S. trade negotiators have told their Indian counterparts that curbing purchases of Russian oil is crucial to reducing India's tariff rate and sealing a trade deal, two people familiar with the talks told Reuters. While trade negotiations are on...Reuters
Fri, Sep 26
IAM District 837 Members, Boeing Defense To Return To Negotiations On Sept. 29
Sept 26 (Reuters) - IAM UNION: IAM DISTRICT 837 MEMBERS AND BOEING DEFENSE WILL RETURN TO NEGOTIATIONS ON MONDAYIAM UNION: BARGAINING COMMITTEES FOR BOEING, IAM 837 TO RETURN TO NEGOTIATIONS WITH THE HELP OF A FEDERAL MEDIATORReuters
Fri, Sep 26
US oil and gas rig counts rises to highest since June, says Baker Hughes
By Scott DiSavino Sept 26 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row for the first time since February, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of fut...Reuters
Fri, Sep 26
Europe Gasoline/Naphtha-Gasoline cracks rise
LONDON, Sept 26 (Reuters) - Northwest European gasoline profit margins gained 36 cents a barrel on Friday as supply disruptions continued.A total of 3,000 metric tons of Eurobob E5 barges were traded, with Sahara selling to Varo and TotalEnergies.E10 barges of a total of 5,000 tons traded, with Shel...Reuters
Fri, Sep 26
EU wheat eases as ample supply hangs over market
PARIS, Sept 26 (Reuters) - European wheat futures edged lower on Friday in step with Chicago as a rebound from contract lows petered out in the face of abundant supply in exporting countries.December wheat BL2Z5 on Euronext's Paris-based futures market settled 0.7% down at 189.50 euros ($221.60)...Reuters
Fri, Sep 26
Serbia's future oil supply unclear as US sanctions loom
BELGRADE, Sept 26 (Reuters) - Serbia has ample crude oil and fuel in storage to meet demand in the short term but U.S. sanctions set to come into force on October 1 cast a shadow over the landlocked Balkan nation's future energy security, sources told Reuters on Friday. Russian-owned ...Reuters
Fri, Sep 26
Brazil coffee exports to US to fall further if tariffs stay, Cecafe president says
Cecafe reports further 20% drop in exports to US through Sept 19 after 46% slump in AugustTrump-Lula UN meeting seen as positive for trade relations -Ferreira Brazilian Conilon coffee exports to Colombia, Italy, UK rise as US demand fallsBy Oliver Griffin VITORIA, Brazil Sept 26 (Reuters) - Brazi...Reuters
Fri, Sep 26
New York seeks more wind and solar energy before federal subsidies expire
Sept 26 (Reuters) - New York Governor Kathy Hochul directed state agencies on Friday to accelerate procurement of $5 billion of wind and solar energy projects before the expiration of federal subsidies being phased out under President Donald Trump's new tax law. WHY IT'S IMPORTANTThe mov...Reuters
Fri, Sep 26
Argentina approves McEwen's $2.7 billion copper project for tax break program
By Lucila Sigal BUENOS AIRES, Sept 26 (Reuters) - Argentina has approved Canadian miner McEwen Copper's $2.7 billion Los Azules copper project in the country for a tax break program known as the Large Investment Incentive Regime (RIGI), the nation's economy minister said on Friday.The pro...Reuters
Fri, Sep 26
