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REFILE-20 years after Katrina, hurricane risks to Gulf Coast rising, scientist warns
MUNICH, Aug 22 (Reuters) - The Gulf Coast of the United States is increasingly vulnerable to hurricanes, a scientist has warned in a new study, 20 years after Katrina devastated New Orleans and hundreds of miles of coastline.Mark Bove, a meteorologist with the German reinsurer Munich Re MUVGn.DE, wa...Reuters
Fri, Aug 22
US Cash Grains-Soybean basis mixed as crusher demand slows, corn bids mostly flat
CHICAGO, Aug 22 (Reuters) - Spot basis bids for soybeans delivered to U.S. Midwest processors were mostly steady-to-lower on Friday on slowing demand, while bids at elevators were mostly unchanged-to-firmer, merchants said.Soy bids at processing plants have eased this week as several facilities are ...Reuters
Fri, Aug 22
Increase in Saudi Arabia's Oil production doesn't lead to higher export supply – Commerzbank
Saudi Arabia exported less Crude Oil in June despite a significant increase in Oil production, according to data from the Joint Organizations Data Initiative (JODI), Commerzbank's commodity analyst Carsten Fritsch notes.
Fxstreet
Fri, Aug 22
Sharp decline in US Crude Oil inventories, gradual easing of distillate supplies – Commerzbank
Oil prices received support in the middle of the week from an unexpectedly sharp decline in US Crude Oil inventories last week of 6 million barrels, as reported by the US Department of Energy, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Fri, Aug 22
Gold tops $3,350 as Powell puts September rate cut on the table
Gold price rises as the Fed Chair Jerome Powell opens the door for a September rate cut as he said that “downside risks to the labor market are rising.” At the time of writing, the XAU/USD trades volatility, surpassing the $3,350 initial resistance, up by 0.40%.Fxstreet
Fri, Aug 22
REFILE-EXCLUSIVE-ADB to back Pakistan rail upgrade as China financing stalls, sources say
ADB to lead $2 billion railway network upgradeADB steps in after decade of Chinese delaysOfficials say move will not upset ChinaKarachi–Rohri upgrade key for Pakistan's copper-gold mineBy Saeed Shah and Ariba Shahid ISLAMABAD, Aug 22 (Reuters) - The Asian Development Bank will fund upgrades ...Reuters
Fri, Aug 22
CBOT Trends-Wheat and corn steady-down 2 cents, soybeans up 1-4
CHICAGO, Aug 22 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday. WHEAT - Steady to down 2 cents per bushelWheat futures Wv1 ease on profit-taking ahead of the weekend and after...Reuters
Fri, Aug 22
Ukrainian attack suspends Russian oil flows to Hungary, Slovakia
Ukraine stepping up attacks on Russian energy infrastructureTrump is "angry" by the attacks on Druzhba - copy of a letterUnecha pumping station key part of Europe-bound Druzhba pipelineRussian regional governor says Unecha site catches fire as result of Ukrainian missile, drone attacksOil fl...Reuters
Fri, Aug 22
Gold steadies near $3,330 as Jackson Hole takes center stage
Gold (XAU/USD) is trading on the back foot for a second straight day on Friday, weighed down by a strong US Dollar (USD) and firm Treasury yields. At the time of writing, the precious metal is hovering near $3,330, down 0.21% on the day.Fxstreet
Fri, Aug 22
Surging US LNG exports to fuel growth in shale gas production
U.S. LNG exports to rise 10% annually through 2030, analysts sayGas supply to come from major shale basins like Permian and MarcellusPipeline expansions needed to meet growing LNG demand, CEOs emphasizeBy Scott DiSavino Aug 22 (Reuters) - U.S. liquefied natural gas exports will soar by roughly 10...Reuters
Fri, Aug 22
GRAINS-Soybeans extend gains to two-month peak; corn and wheat ease
PARIS/BEIJING, Aug 22 (Reuters) - Chicago soybeans rose further on Friday to a two-month peak as brisk weekly exports, hopes that China will revert to buying U.S. crop and a rally in soyoil offset supply pressure from favourable U.S. field conditions.Corn edged down from a three-week high the previo...Reuters
Fri, Aug 22
Canada's Aldebaran plans $1.5 billion capex for Argentina copper project
By Lucila Sigal SAN JUAN, Aug 22 (Reuters) - Canada's Aldebaran Resources will require at least $1.5 billion to develop its Altar copper project in northern Argentina, country manager Javier Robeto said in an interview. The company plans to include the figure in its preliminary economic asses...Reuters
Fri, Aug 22
ATCO receives regulatory approval for Yellowhead Pipeline Project
Aug 22 (Reuters) - Energy infrastructure developer ATCO ACOx.TO said on Friday it has received approval from the Alberta Utilities Commission on its needs-assessment application for the Yellowhead Pipeline Project.The Yellowhead Pipeline Project, spanning over 230 kilometers (142.92 miles) from the ...Reuters
Fri, Aug 22
PRESS DIGEST-Canada - August 22
Aug 22 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL** Scott Moe, premier of the major grain-growing Canadian province of Saskatchewan, said on Thursday he will travel t...Reuters
Fri, Aug 22
Asia Naphtha/Gasoline-Naphtha October buying aplenty; gasoline cracks at more than 1-year high
SINGAPORE, Aug 22 (Reuters) - Asia's naphtha markets recorded a slew of buying activity for October spot cargoes, though traders were grappling with talks of slightly tighter supply expectations going into next month.Naphtha's refining margins NAF-SIN-CRK gained slightly from last week, clos...Reuters
Fri, Aug 22
PRECIOUS-Gold slips as dollar firms; spotlight on Powell's Jackson Hole remarks
Fed Chair Powell to deliver Jackson Hole address at 1400 GMTMarkets put chance of Fed rate cut next month at 71%Dollar gains as traders rethink rate cut betsBy Ishaan Arora Aug 22 (Reuters) - Gold slipped on Friday due to a firmer dollar, with markets awaiting U.S. Federal Reserve Chair Jerome Po...Reuters
Fri, Aug 22
