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METALS-Copper slides to two-week low, focus on Powell's speech
By Pratima Desai and Amy Lv LONDON/BEIJING, Aug 20 (Reuters) - Copper prices slipped on Wednesday to their lowest in nearly two weeks as funds sold, while consumers and producers were sidelined ahead of a speech by U.S. Federal Reserve Chair Jerome Powell later this week, metal traders said.Commo...Reuters
Wed, Aug 20
Europe Gasoline/Naphtha-Gasoline profit margins fall
LONDON, Aug 20 (Reuters) - Northwest European gasoline profit margins fell 49 cents to $16.06 a barrel on Wednesday despite a drop in U.S. fuel inventories. A total of 15,300 metric tons of Eurobob E5 barges traded in the session, with Gunvor and Glencore selling to Aramco and TotalEnergies.An addit...Reuters
Wed, Aug 20
EU wheat rises with Chicago as Black Sea doubts persist
PARIS/HAMBURG, Aug 20 (Reuters) - Euronext wheat edged up on Wednesday, with benchmark futures recovering from a contract low, as Chicago prices rebounded while doubts over Russian exports and a rapid end to the war in Ukraine tempered expectations of large supplies.December wheat BL2Z5, the most-ac...Reuters
Wed, Aug 20
French firm teams up with JetZero on hydrogen-powered flight
JetZero developing a 250-seat blended wing-body airlineFrench firm SHZ to help explore a hydrogen-powered versionMove comes as Airbus slows efforts to produce hydrogen jetlinerBy Tim Hepher PARIS, Aug 20 (Reuters) - A French technology startup unveiled plans on Wednesday to work with clean-aircra...Reuters
Wed, Aug 20
US jet fuel 4-week average demand hits highest since August 2019, EIA says
NEW YORK, Aug 20 (Reuters) - U.S.four-week jet fuel demand rose by 55,000 barrels per day (bpd) in the week ended August 15 to 1.88 million bpd, its highest since August 2019, data from the Energy Information Administration showed on Wednesday.Weekly jet fuel demand was up 70,000 bpd week-over-week ...Reuters
Wed, Aug 20
Russia expects India to keep buying its oil and seeks China-India-Russia talks
Buying oil from Russia "very profitable" for India, Russian official saysHopes rise for trilateral talks with India, ChinaRussia wants to forge a greater Eurasian partnershipRussia see scope for LNG supplies to IndiaBy Krishna N. Das and Aftab Ahmed NEW DELHI, Aug 20 (Reuters) - Russia ex...Reuters
Wed, Aug 20
Low flood insurance uptake leaves Alaska exposed to growing risk
By Mia MacGregorAug 19 - (The Insurer) - Glacial outburst floods are escalating in severity in Juneau, Alaska, prompting emergency defenses, damaging homes and accelerating efforts to develop lasting protections in a state with notably limited flood insurance coverage.Meltwater from Suicide Basin, a...Reuters
Wed, Aug 20
Hurricane Erin threatens North Carolina's Outer Banks with storm surge
State of emergency declared in North Carolina by Governor SteinEvacuations ordered for Ocracoke and Hatteras islandsNHC warns of life-threatening surf and rip currents along East CoastBy Rich McKayAug 20 (Reuters) - Hurricane Erin, churning north in the Atlantic hundreds of miles offshore, is expect...Reuters
Wed, Aug 20
Bunge diverts Argentina's first soy meal shipment set for China
BUENOS AIRES, Aug 20 (Reuters) - Agricultural export firm Bunge BG.N told Reuters on Wednesday it had diverted a shipment of Argentine soybean meal that was destined for China to another destination "for commercial reasons," after Bloomberg reported this was due to quality concerns.The shipm...Reuters
Wed, Aug 20
EIM veteran Dominguez to retire with new hire Lam named CUO
By Chris MunroAug 20 - (The Insurer) - Energy Insurance Mutual (EIM) veteran Jill Dominguez will bring her 30-plus-year association with the organization to an end at 2025’s close, with recent recruit Laura Lam named as her successor in the chief underwriting officer role.Dominguez joined EIM in 199...Reuters
Wed, Aug 20
US natgas prices hold near nine-month low as record output offsets higher demand forecasts
Gas stockpiles at 6% above normal levels, and risingRecord output and ample storage offset demand increaseAtlantic storms unlikely to impact US gas productionBy Scott DiSavino Aug 20 (Reuters) - U.S. natural gas futures held near a nine-month low on Wednesday as forecasts for higher demand over t...Reuters
Wed, Aug 20
SOFTS-Arabica coffee hits 2-1/2 month peak, sugar also up
LONDON, Aug 20 (Reuters) - Arabica coffee futures on ICE rose on Wednesday to a 2-1/2 month peak with the market supported by speculative buying against the backdrop of low stocks and the disruption to global trade caused by the imposition of a 50% tariff on U.S. imports from Brazil.COFFEE* Arabica ...Reuters
Wed, Aug 20
Brazil's chicken exports may fall 2% as bird flu embargoes curb trade, lobby group says
Brazilian chicken exports may drop due to trade embargoes -ABPA Brazil egg exports to surge 117% by 2025, driven by US demandBy Ana Mano and Roberto Samora SAO PAULO, Aug 20 (Reuters) - Brazilian chicken exports are expected to fall as much as 2% to 5.2 million metric tons this year, meat lobby A...Reuters
Wed, Aug 20
Canada's Davie sees US shipyards as key to winning icebreaker contract
By Anne Kauranen HELSINKI, Aug 20 (Reuters) - The owner of Canadian firm Davie Shipbuilding said on Wednesday that the key to winning a contract to build icebreakers for the United States is to develop local shipbuilding capacity there. Davie said in June it was acquiring Texas shipyards in Galve...Reuters
Wed, Aug 20
PRECIOUS-Gold gains on softer dollar ahead of Fed minutes, Jackson Hole summit
Minutes of the Fed's July policy meeting due later in dayMarkets focused on Fed's Jackson Hole symposium for policy hintsZelenskiy says summit with Trump is a step towards peaceBy Ishaan Arora Aug 20 (Reuters) - Gold rose on Wednesday, buoyed by a softer U.S. dollar, as investors looked t...Reuters
Wed, Aug 20
CBOT Trends-Wheat up 1-4 cents, soy steady-down 2 cents, corn mixed
CHICAGO, Aug 20 (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 Wednesday. WHEAT - Up 1 to 4 cents per bushelWheat futures Wv1 higher on short covering and bargain buying after all co...Reuters
Wed, Aug 20
Brazil chicken export forecast revised lower after bird flu outbreak, ABPA says
SAO PAULO, Aug 20 (Reuters) - Chicken exports from Brazil, the world's largest supplier, are expected to fall by as much as 2% in 2025 to 5.2 million metric tons, meat lobby ABPA said on Wednesday, citing the effects of trade embargos by large importers including China following a local outbreak...Reuters
Wed, Aug 20
WTI Crude Oil range-bound as peace talks ease risks but supply concerns linger
West Texas Intermediate (WTI) Crude Oil is trading with a slightly firmer tone on Tuesday, trading near $62.40 per barrel, as traders reacted to signs of progress in peace talks between Russia and Ukraine.
Fxstreet
Wed, Aug 20
Hurricane Erin prompts storm surge warning for North Carolina's Outer Banks
By Scott VincentAug 20 - (The Insurer) - Storm surge flooding and tropical storm conditions are expected along North Carolina’s Outer Banks later on Wednesday as Hurricane Erin continues to track northward, the National Hurricane Center said.In its 5 a.m. EDT (0900 GMT) update, the NHC warned that s...Reuters
Wed, Aug 20
