News
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US farm agency plan to close flagship research site threatens critical research, critics warn
Closure could push scientists to resign, critics warnBARC research includes pests, blight, crop geneticsUSDA lacks data supporting reorganization plan, lawmakers sayBy Leah Douglas WASHINGTON, Aug 21 (Reuters) - The U.S. Department of Agriculture's plan to close its flagship laboratory near W...Reuters
Fri, Aug 22
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Aug 22 (Reuters) - Contract Target Support/Resistance Brent oil $68.05/$68.58sup $67.20/$66.52Palm oil (3rd month)-res 4,542/4,563/4,596 ringgitsup 4,509/4,475/4,455 ringgitWTI* $64.10/$64.74sup $62.66/$62.12Spot gold$3,328/$3,317res $3,346/$...Reuters
Fri, Aug 22
US Defense Department to buy cobalt for up to $500 million
Aug 21 (Reuters) - The U.S. is seeking to procure cobalt worth up to $500 million for defense stockpiles amid the country's move to boost its critical mineral supplies. Companies have been scrambling to source rare earths after China imposed restrictions, leading to a 75% drop in rare earth magn...Reuters
Thu, Aug 21
Saskatchewan premier to go to China in bid to end canola tariffs
By David Ljunggren and Ed White OTTAWA, Aug 21 (Reuters) - Scott Moe, premier of the major grain-growing Canadian province of Saskatchewan, said on Thursday he will travel to China soon for talks to persuade Beijing to drop new tariffs on canola.China hit Canadian canola seed imports with prelimi...Reuters
Thu, Aug 21
CIF/FOB Gulf Grain-Soy barge bids rise, weekly US export sales top estimates
CHICAGO, Aug 21 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals rose on Thursday after a recent slide and as futures prices jumped, traders said. The U.S. Department of Agriculture reported net new-crop U.S. soybean export sales were 1.14 million metric tons in the ...Reuters
Thu, Aug 21
Educational Development Announces Sale And Leaseback Agreement Of Headquarters And Warehouse Facility
Aug 21 (Reuters) - Educational Development Corp EDUC.O:EDUCATIONAL DEVELOPMENT CORP ANNOUNCES SALE AND LEASEBACK AGREEMENT OF HEADQUARTERS AND WAREHOUSE FACILITYEDUCATIONAL DEVELOPMENT CORP - SALE PRICE OF HILTI COMPLEX AGREED AT $32.5 MILLION - SEC FILINGEDUCATIONAL DEVELOPMENT CORP: PROCEEDS FROM ...Reuters
Thu, Aug 21
LIVESTOCK-Cattle futures rally peters out on position squaring
By Heather Schlitz CHICAGO, Aug 21 (Reuters) - Chicago Mercantile Exchange cattle futures fell on Thursday after rising for four consecutive sessions, as traders booked profits and squared positions ahead of the U.S. Department of Agriculture's monthly Cattle on Feed report due after the mark...Reuters
Thu, Aug 21
In niche wheat futures market, rebooted legacy contract fends off new offering from giant rival
CME's new spring wheat contract struggles with low trading volume, open interestTraders prefer MIAX contract due to familiarity, established useCME determined to give spring wheat futures "time to build"By Julie Ingwersen and Karl Plume CHICAGO, Aug 21 (Reuters) - In a head-to-head co...Reuters
Thu, Aug 21
ICE canola futures follow soyoil higher
WINNIPEG, Manitoba, Aug 21 (Reuters) - ICE canola futures jumped on surging soyoil values on Thursday.• November canola RSX5 settled up $14.20 at $663.30 per metric ton. January RSF6 rose $14.20 to $674.40.• Canada's federal agriculture minister and other senior federal politicians met with Sask...Reuters
Thu, Aug 21
CORRECTED-PRECIOUS-Gold slips as dollar firms ahead of Powell's Jackson Hole speech
US dollar up 0.4% US weekly jobless claims rise to highest since JuneTraders pricing in 79% chance of a quarter-point rate cut by SeptemberBy Noel John Aug 21 (Reuters) - Gold prices edged lower on Thursday as the dollar strengthened, while investors awaited U.S. Federal Reserve Chair Jerome Powe...Reuters
Thu, Aug 21
US Cash Crude-Grades mixed on first day of volatile roll trade period
Aug 21 (Reuters) - U.S. crude grades were mixed on Thursday, on the first day of a volatile roll trading period, dealers said. Midland and WTI at East Houston (MEH) firmed 5 cents, while Mars eased 10 cents.Traders use the three-day roll period to adjust their crude slates, square up positions and n...Reuters
Thu, Aug 21
SOFTS-Arabica coffee sets 2-1/2-month high, sugar and cocoa fall
LONDON, Aug 21 (Reuters) - Arabica coffee futures on ICE settled at a fresh 2-1/2-month high on Thursday as roasters looked to secure alternative supplies following a 50% tariff on U.S. imports from top producer Brazil. COFFEE* Arabica coffee futures KCc2 rose 3.3% to $3.65 per lb, the highes...Reuters
Thu, Aug 21
Oil rises 1% on stalled Russia-Ukraine peace talks, strong US demand
Brent, WTI rise for a second consecutive sessionRussia, Ukraine blame each other for stalled peace processUS crude and gasoline stocks fall, lifting demand outlookBy Shariq Khan NEW YORK, Aug 21 (Reuters) - Oil prices rose by nearly a dollar a barrel on Thursday as Russia and Ukraine blamed each ...Reuters
Thu, Aug 21
Guyana's oil output almost unchanged at 664,000 bpd in July
GEORGETOWN, Guyana, Aug 21 (Reuters) - Oil output in Guyana was almost unchanged last month at around 664,000 barrels per day (bpd), the government said in a bulletin on Thursday, which led to an average of 643,000 bpd in the first seven months of the year.The South American country's oil produc...Reuters
Thu, Aug 21
Guyana's oil output almost unchanged at 664,000 bpd in July
GEORGETOWN, Guyana, Aug 21 (Reuters) - Oil output in Guyana was almost unchanged last month at around 664,000 barrels per day (bpd), the government said in a bulletin on Thursday, which led to an average of 643,000 bpd in the first seven months of the year.Reuters
Thu, Aug 21
Saskatchewan premier says he will go to China soon for canola talks
OTTAWA, Aug 21 (Reuters) - Scott Moe, premier of the western Canadian province of Saskatchewan, said on Thursday he would travel to China in the next two weeks for talks on Beijing's new tariffs on canola.China hit Canadian canola seed imports with preliminary 75.8% duties last week following an...Reuters
Thu, Aug 21
Pennsylvania Power Grid Challenged by Record Number of Outage Events in 2024, PUC Report Finds
Aug 21 (Reuters) - PENNSYLVANIA PUBLIC UTILITY COMMISSION:SAYS PENNSYLVANIA EXPERIENCED 71 “REPORTABLE OUTAGE EVENTS” IN 2024 – THE HIGHEST NUMBER RECORDED IN MORE THAN 30 YEARSSAYS THE 71 OUTAGE EVENTS MARKED SHARP INCREASE FROM 49 EVENTS IN 2023, WERE ACCOMPANIED BY SIGNIFICANT RISE IN TOTAL NUMBE...Reuters
Thu, Aug 21
US natgas prices climb 3% on small storage build, higher LNG export flows
Smaller-than-usual storage build due to increased cooling demandLNG export flows rise, boosting demand and pricesBy Scott DiSavino Aug 21 (Reuters) - U.S. natural gas futures climbed about 3% on Thursday on a smaller-than-expected storage build, recent declines in daily output and an increase in ...Reuters
Thu, Aug 21
RPT-EXCLUSIVE-Trump weighs using $2 billion in CHIPS Act funding for critical minerals, sources say
By Ernest Scheyder and Jarrett Renshaw Aug 21 (Reuters) - The Trump administration is considering a plan to reallocate at least $2 billion from the CHIPS Act to fund critical minerals projects and boost Commerce Secretary Howard Lutnick's influence over the strategic sector, two sources famil...Reuters
Thu, Aug 21
EXCLUSIVE-Trump weighs using $2 billion in CHIPS Act funding for critical minerals, sources say
By Ernest Scheyder and Jarrett Renshaw Aug 21 (Reuters) - The Trump administration is considering a plan to reallocate at least $2 billion from the CHIPS Act to fund critical minerals projects and boost Commerce Secretary Howard Lutnick's influence over the strategic sector, two sources famil...Reuters
Thu, Aug 21
