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PRECIOUS-Gold rises ahead of Fed rate cut decision, silver hits $60/oz milestone
Silver hits all-time high of $60.57/ozFOMC policy meeting on December 9-10Traders see 89.6% chance of a December rate cutData shows U.S. job openings increased marginally in OctoberBy Anjana Anil and Anushree Mukherjee Dec 9 (Reuters) - Gold gained on Tuesday as traders remained optimistic ahead ...Reuters
Tue, Dec 9
EU wheat eases as Argentine export tax cut weighs
PARIS, Dec 9 (Reuters) - European wheat futures edged lower on Tuesday as Argentina's announcement of a cut to its grain export taxes was set to maintain stiff competition in a heavily supplied wheat market.The market showed little immediate reaction to the U.S. Department of Agriculture's m...Reuters
Tue, Dec 9
Prosecutors say major US investor in Russia's agriculture is extremist
By Gleb Bryanski and Maxim Rodionov MOSCOW, Dec 9 (Reuters) - Russia's prosecutor general said a U.S. fund, which owns major assets in agriculture in Russia, was extremist and filed a lawsuit to a Moscow court asking it to stop it operating, pending a seizure of its assets.The statement said ...Reuters
Tue, Dec 9
EXCLUSIVE-Shell in advanced talks to buy LLOG Exploration for more than $3 billion, sources say
LLOG produces around 30,000 boepd, production expected to growUS Gulf region continues to attract attention from energy firmsOne source says deal between Shell and LLOG could be struck by year-endBy David French and Stephanie Kelly NEW YORK/LONDON, Dec 9 (Reuters) - Shell SHEL.L is in advanced ta...Reuters
Tue, Dec 9
USDA leaves US soybean export outlook unchanged after China sales resume
By Karl PlumeCHICAGO, Dec 9 (Reuters) - The U.S. Department of Agriculture left its U.S. soybean export forecast unchanged in a monthly report on Tuesday as sales to China have resumed after the top importer shunned purchases for months amid a bruising trade war with Washington.But the agency raised...Reuters
Tue, Dec 9
US Cash Grains-Corn, soy bids mixed as selling ticks up
CHICAGO, Dec 9 (Reuters) - Spot basis bids for corn and soybeans were steady to mixed in the U.S. Midwest on Tuesday as farmer selling increased slightly after the previous week's snowstorms stalled activity. The U.S. Department of Agriculture will release its monthly supply-demand report at 11:...Reuters
Tue, Dec 9
US Plains HRW Wheat-Basis bids steady to higher in quiet trade
CHICAGO, Dec 9 (Reuters) - Spot basis bids for hard red winter wheat were steady to higher in muted trade on Tuesday as merchandisers rolled their contracts from the December contract KWZ25 to the March contract KWH26.Movement was slow in the U.S. Plains, dealers reported.Traders are positioning ahe...Reuters
Tue, Dec 9
BLS says to publish US December employment, CPI reports on schedule
WASHINGTON, Dec 9 (Reuters) - The U.S. Bureau of Labor Statistics said on Tuesday it would publish December's employment report and Consumer Price Index data on January 9 and 13 respectively as originally planned, bringing the release calendar for these indicators back on schedule.The 43-day gov...Reuters
Tue, Dec 9
PRECIOUS-Gold rises ahead of Fed rate cut decision, silver hits $60/oz milestone
Silver hits all-time high of $60.52/ozFOMC policy meeting on December 9-10Traders see 87.4% chance of a December rate cutData shows U.S. job openings increased marginally in OctoberBy Anjana Anil and Anushree MukherjeeDec 9 (Reuters) - Gold rose on Tuesday as traders remained optimistic ahead of the...Reuters
Tue, Dec 9
India and EU will push for trade deal as deadline approaches, Indian minister says
By Manoj Kumar and Shivangi Acharya NEW DELHI, Dec 9 (Reuters) - India and the European Union will work to seal a long-pending trade deal at the earliest opportunity, New Delhi said on Wednesday, after concluding another round of talks amid signs that a year-end deadline may slip.Indian Commerce...Reuters
Tue, Dec 9
Russia's prosecutor general asks court to ban work of US fund with agriculture assets
MOSCOW, Dec 9 (Reuters) - Russia's prosecutor general has asked a Moscow court to ban the activity of U.S. company NCH Capital, owner of major agricultural producer AgroTerra, in Russia, branding it as "extremist", an official channel of the Moscow courts on Telegram said on Tuesday.Reuters
Tue, Dec 9
Mexican business group accuses US of treaty breach over pollution from border bridge closure
MEXICO CITY, Dec 9 (Reuters) - A Mexican business coalition accused the United States of violating a 40-year-old environmental treaty by failing to assess air quality impacts on Mexican border residents before closing a major cargo crossing, according to a complaint made public on Tuesday. The compl...Reuters
Tue, Dec 9
EU wheat eases as Argentine export tax cut weighs
PARIS, Dec 9 (Reuters) - European wheat futures edged lower on Tuesday as Argentina's announcement of a cut to its grain export taxes was set to maintain stiff competition in a heavily supplied wheat market.Price movements and trading volumes were moderate, with grain markets awaiting the U.S. D...Reuters
Tue, Dec 9
PRECIOUS-Gold rises ahead of Fed rate cut decision, key US jobs data
Traders see 89.4% chance of a December rate cutFOMC policy meeting on December 9-10Job openings report due at 10 am ETBy Sarah Qureshi Dec 9 (Reuters) - Gold rose on Tuesday as traders remained optimistic ahead of the U.S. Federal Reserve's interest rate decision on Wednesday, while also awai...Reuters
Tue, Dec 9
Israel-Egypt natural gas talks at advanced stage, Israeli ministry says
JERUSALEM, Dec 9 (Reuters) - Talks over a deal between Israel and Egypt to supply Egypt with natural gas is in "advanced stages", but some issues still need to be resolved, Israel's Energy Ministry told Reuters on Tuesday.Israel signed the largest export agreement in its history last Aug...Reuters
Tue, Dec 9
WTI Oil declines as Iraq production resumes, Fed rate cut hopes cap downside
West Texas Intermediate (WTI) US Oil trades around $58.50 on Tuesday at the time of writing, down 0.40% on the day. The Crude Oil market is declining after the announcement of restored production at Iraq’s West Qurna 2 field, a development that increases short-term supply and pressures Oil prices.
Fxstreet
Tue, Dec 9
US natural gas futures dip 3% as mild weather trims demand
Near-record gas output allows for increased storage levelsMeteorologists project mild US weather through late DecemberGlobal gas prices at 19-month lows on Ukraine peace talks, mild winterGas flows to LNG export plants near record highBy Scott DiSavino NEW YORK, Dec 9 (Reuters) - U.S. natural gas...Reuters
Tue, Dec 9
Copper hits record high near $11,800 amid strong start to 2025 – Commerzbank
Copper started the week at a new record high of almost $11,800 per ton, up 33% on the start of the year. China impressed with good export figures: exports were almost 6% higher than last year, giving China its third-largest monthly trade surplus ever.Fxstreet
Tue, Dec 9
Gold: BIS report warns of Gold price correction – Commerzbank
According to a report by the Bank for International Settlements (BIS), the rise in Gold prices since the beginning of September has been amplified by speculative purchases by retail investors, thereby decoupling Gold from typical patterns of behavior such as that of a safe haven.
Fxstreet
Tue, Dec 9
Nigeria Senate approves Tinubu's troop deployment to Benin Republic after coup bid
By Camillus Eboh ABUJA, Dec 9 (Reuters) - Nigeria's Senate on Tuesday gave its approval for President Bola Tinubu's deployment of troops to Benin Republic after Benin's government asked its bigger neighbour for help to quell an attempted coup on Sunday.Tinubu said in a letter to lawma...Reuters
Tue, Dec 9
