News
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TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Sept 25 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$69.55/$70.08sup $69.06/$68.69/$68.16Palm oil (3rd month)4,457/4,492 ringgitsup 4,401/4,366 ringgitWTI* (1st month)$65.10/$65.57/$65.87sup $64.66/$64.33/$63.86Spot go...Reuters
Thu, Sep 25
Kenya eyes US trade deal by end of year, seeks five-year extension to Africa pact
Kenya aims for US trade deal by end of 2025Kenya seeks US market access for apparel, textiles, agricultureProposal for US, Qatar, and African communities to address Congo conflict next monthRuto to meet US Secretary of State Rubio on AGOA renewalBy Doyinsola Oladipo NEW YORK, Sept 24 (Reuters) - ...Reuters
Thu, Sep 25
Oil prices dip as investors take profits after seven-week high
Oil price decline likely due to profit-taking, analyst saysA surprise drop in US crude inventories supported oil pricesUkrainian strikes on Russian energy infrastructure raised supply concernsBy Sam Li and Trixie Yap Sept 25 (Reuters) - Oil prices edged down as investors booked profits after a ju...Reuters
Thu, Sep 25
Gold Price Forecast: XAU/USD drifts higher to near $3,750 amid rate cut bets, geopolitical risks
The Gold price (XAU/USD) trades in positive territory around $3,750 during the early Asian session on Thursday. The precious metal edges higher amid expectations of further US rate cuts from the Federal Reserve (Fed) this year and persistent geopolitical risks.
Fxstreet
Thu, Sep 25
China leads nations with new climate plans, defying US climate denial
China announces plans for first-ever emissions cuts, targeting 7-10% by 2035Xi rebukes climate retreat by "some countries" in veiled reference to United StatesNew country pledges still fall short for holding global warming in checkBy Valerie Volcovici and Yukun Zhang Sept 24 (Reuters) - C...Reuters
Thu, Sep 25
FACTBOX-Drones and cyber outages exposing aviation weak spots since 2017
Sept 25 (Reuters) - Denmark's Aalborg airport, used for commercial and military flights, was closed due to drones in its airspace, police said early on Thursday, two days after Copenhagen airport was shut over drone sightings that raised European security concerns. A string of drone sight...Reuters
Thu, Sep 25
GRAINS-US soybeans lose more ground on lack of Chinese demand
SINGAPORE, Sept 25 (Reuters) - Chicago soybean futures slid on Thursday, falling for a sixth session in seven, as Chinese buyers stayed away from the U.S. market amid a trade war between the two countries.Corn fell in step with weaker soybeans, although losses were checked by early harvest reports o...Reuters
Thu, Sep 25
Hong Kong reopens after world's most powerful cyclone Ragasa
HONG KONG, Sept 25 (Reuters) - Hong Kong resumed flights out of its international airport on Thursday after a 36-hour suspension, reopening businesses, transportation services and some schools after the world's most powerful tropical cyclone this year lashed the financial hub.Ragasa brought the ...Reuters
Thu, Sep 25
EXCLUSIVE-G7 weighs price floors for rare earths to counter China's dominance, sources say
G7 technical teams met in Chicago in SeptemberForm of carbon tax on China being considered, sources sayChina introduced rare earth export controls in April European firms struggling to secure suppliesBy Julia Payne and Divya Rajagopal BRUSSELS/TORONTO, Sept 23 (Reuters) - Group of Seven (G7) memb...Reuters
Wed, Sep 24
CORRECTED-Countries committed to climate action despite Trump, UN adviser Sachs says
Trump climate comments this week 'raised some eyebrows' says Jeffrey SachsDespite that, countries are not changing view of the riskRenewables costs sliding, he saysBy Katy Daigle, Simon Jessop and Heather Timmons NEW YORK, Sept 24 (Reuters) - U.N. special adviser on sustainability and Col...Reuters
Wed, Sep 24
New York law curbing radioactive Indian Point discharges voided by US judge
Holtec International is decommissioning Indian PointLawsuit challenged limit on radioactive water disposalJudge says federal law preempts New York limitBy Jonathan Stempel NEW YORK, Sept 24 (Reuters) - A federal judge ruled in favor of the company dismantling the Indian Point nuclear power plant ...Reuters
Wed, Sep 24
CORRECTED-US Plains HRW Wheat-Basis bids steady in a day of slow trade
CHICAGO, Sept 24 (Reuters) - Basis bids for hard red winter wheat were flat in the U.S. Plains on Wednesday, with rains slowing the trade, according to dealers. More rain is expected in the southern Plains in the coming weeks, according to forecaster Vaisala.Farmers are planting the U.S. winter whea...Reuters
Wed, Sep 24
CIF/FOB Gulf Grain-Soybean basis eases on sluggish harvest export demand
CHICAGO, Sept 24 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast export terminals were steady to slightly lower on Wednesday, as harvest export demand remained sluggish, traders said.Chinese importers kept up a hectic pace of Argentine soybean purchases - with Chinese buyers ...Reuters
Wed, Sep 24
LIVESTOCK-Live cattle drop as beef prices, packer margins erode
By Karl Plume CHICAGO, Sept 24 (Reuters) - Chicago Mercantile Exchange cattle futures fell on Wednesday on long liquidation by funds and as sinking beef prices and eroding packer margins weighed on the market.Feeder cattle futures also retreated in a technical correction after four consecutive se...Reuters
Wed, Sep 24
US Cash Crude-Grades fall on second day of volatile roll trade period
Sept 24 (Reuters) - Physically traded domestic crude grades were down on Wednesday, dealers said, on the second full day of the volatile roll trading period. Traders use the three-day roll period to adjust their crude slates, square up positions and net out exposures following the expiration of the ...Reuters
Wed, Sep 24
Orsted resumes work on US offshore wind farm after stop-work order lifted
COPENHAGEN, Sept 24 (Reuters) - Denmark's Orsted ORSTED.CO said on Wednesday it had resumed work on a U.S. offshore wind project after a federal judge on Monday ruled it could restart construction while the Trump administration's legal case to fully halt the project continues.The U.S. Bureau...Reuters
Wed, Sep 24
Trump plans 'America First' foreign aid funding shift, document shows
Trump administration has slashed billions in foreign aidDemocrat says effort subverts Congress' control over US spendingMoney shifts to Trump priorities like minerals, GreenlandBy Patricia Zengerle WASHINGTON, Sept 24 (Reuters) - The Trump administration intends to shift $1.8 billion in forei...Reuters
Wed, Sep 24
ICE canola futures flat on tepid day in vegoils
WINNIPEG, Manitoba, Sept 24 (Reuters) - ICE canola futures were near-flat on Wednesday as soyoil provided little direction.• November canola RSX5 settled up $0.50 at $618.10 per metric ton. January RSF6 settled up $0.20 at $631.30.• Canadian Prime Minister Mark Carney said he had "very construct...Reuters
Wed, Sep 24
US intends to cancel $13 billion in funds for green energy
Sept 24 (Reuters) - The U.S. Department of Energy intends to cancel more than $13 billion in funds that the Biden administration had pledged to subsidize wind, solar, batteries and electric vehicles, it said on Wednesday. It was not immediately clear which funds were being targeted. The department d...Reuters
Wed, Sep 24
Canada pauses cull of ostrich flock that had cases of avian flu amid U.S. push to save them
By Anna Mehler PapernyTORONTO, Sept 24 (Reuters) - A flock of Canadian ostriches set to be culled after two dead birds tested positive for avian flu has been granted a last-minute stay of execution from Canada's highest court - for now.Canada's Supreme Court issued an order Wednesday grantin...Reuters
Wed, Sep 24
