News
Important Only
US Cash Crude-Grades mixed as global supply concerns ease, WTI/Brent spread stays wide
Oct 9 (Reuters) - Grades were mixed on Thursday, dealers said, as investors weighed easing global supply concerns following a ceasefire in Gaza, against a wide WTI/Brent spread. Israel and the Palestinian militant group Hamas signed an agreement on Thursday to cease fire and free Israeli hostages...Reuters
Thu, Oct 9
Deals of the day-Mergers and acquisitions
October 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:** Italy's Monte dei Paschi BMPS.MI bank is focused on completing its integration with Mediobanca MDBI.MI as quickly as possible, its CEO said, when asked about potential interest...Reuters
Thu, Oct 9
ICE canola futures nearly flat as loonie counteracts soyoil
WINNIPEG, Manitoba, Oct 9 (Reuters) - ICE canola futures bounced around but settled nearly flat on Thursday, as a weaker Canadian dollar counteracted the downdraft of Chicago soyoil.• November canola RSX5 settled down 10 cents at $616.90 per metric ton. January settled up 40 cents at $631.40.• A tra...Reuters
Thu, Oct 9
GRAINS-Soybeans slip on profit-taking, China trade worries
By Karl Plume CHICAGO, Oct 9 (Reuters) - U.S. soybean futures retreated on Thursday after two days of gains, pressured by profit taking and technical selling and on growing concerns about a promised farmer aid package and a breakthrough in U.S.-China trade negotiations.Corn futures followed soybe...Reuters
Thu, Oct 9
Argentina mining investment on pause as midterm elections loom
By Lucila SigalBUENOS AIRES, Oct 9 (Reuters) - Political uncertainty ahead of Argentina's October midterm elections is holding back investment decisions in the mining sector, the country's main industry group said on Thursday, warning that instability and unclear policy signals are delaying ...Reuters
Thu, Oct 9
Oil settles 1.6% lower after Gaza ceasefire
Israel and Hamas agree to Gaza ceasefire, return of hostagesStalled peace talks in Ukraine underpin pricesIndia-US trade talks progressUS imposes sanctions on China refinery, others for Iran oil purchasesBy Arathy Somasekhar HOUSTON, Oct 9 (Reuters) - Oil prices settled lower on Thursday after Is...Reuters
Thu, Oct 9
CBOT wheat ends mixed on bargain buying, big global supply
CHICAGO, Oct 9 (Reuters) - Chicago Board of Trade wheat futures ended narrowly mixed on Thursday as abundant global supplies retrained gains stemming from bargain buying after the market's drop to near-five-year lows, analysts said.CBOT December soft red winter wheat WZ25 settled 3/4 cent lower ...Reuters
Thu, Oct 9
CBOT corn ends lower as US harvest advances, soybeans decline
CHICAGO, Oct 9 (Reuters) - Chicago Board of Trade corn futures fell on Thursday on spillover pressure from declining soybeans and as U.S. harvesting of a likely record-large corn crop accelerated, analysts said.Trading remained cautious due to a lack of updated U.S. Department of Agriculture crop da...Reuters
Thu, Oct 9
US natgas prices slide 2% on bigger than expected storage build
EIA reports 80 bcf gas storage build, higher than expectedWaha Hub prices turn negative again on pipeline constraintsTropical Storm Jerry not expected to hit US mainlandLSEG notes slight drop in U.S. gas output, demand projections riseBy Scott DiSavino Oct 9 (Reuters) - U.S. natural gas futur...Reuters
Thu, Oct 9
CBOT soybeans lower on technicals, worries over China trade
CHICAGO, Oct 9 (Reuters) - Chicago Board of Trade soybean futures retreated on Thursday in a technical and profit-taking setback, and as trade tensions between the U.S. and China stoked concerns about export demand, analysts said.Trading was restrained as a federal government shutdown postponed the ...Reuters
Thu, Oct 9
Microsoft 365 down for thousands of users, Downdetector shows
Oct 9 (Reuters) - Microsoft's MSFT.O suite of productivity softwares was down for thousands of users on Thursday, according to outage tracking website Downdetector.com.There were more than 11,000 incidents of people reporting issues with Microsoft 365, according to Downdetector, which tracks out...Reuters
Thu, Oct 9
Chocolate prices set to remain high this Halloween in the US, report says
By Marcelo Teixeira NEW YORK, Oct 9 (Reuters) - U.S. chocolate consumers will face elevated chocolate prices this coming Halloween period as cocoa costs have more than doubled since early 2024, according to a report released on Thursday by Wells Fargo's Agri-Food Institute.While wholesale coc...Reuters
Thu, Oct 9
PRECIOUS-Gold falls below $4,000/oz, silver eases from record high
Gold falls over 2%, profit-taking seen after 50% rise this yearGaza ceasefire 'reduces the temperature' in volatile regionSilver eases from $50 following gold's fall and ceasefire dealBy John Biju and Kavya Balaraman Oct 9 (Reuters) - Gold prices fell 2% on Thursday, dipping below the...Reuters
Thu, Oct 9
EXCLUSIVE-Germany's PSI Software nears takeover as investors circle, sources say
By Alexander Hübner and Amy-Jo CrowleyMUNICH, Oct 9 (Reuters) - Germany's PSI Software PSAGn.DE is close to being taken over, with several financial investors circling the maker of software for energy networks, three people familiar with the matter told Reuters on Thursday.One of the sources sai...Reuters
Thu, Oct 9
US National Weather Service says La Nina conditions likely to persist through Dec 2025 to Feb 2026
Oct 8 (Reuters) - The U.S. National Weather Service's Climate Prediction Center published an advisory Thursday on the emergence of La Nina conditions in September, which are likely to persist through December 2025 to February 2026, with a 55% chance of a transition to ENSO-neutral likely in Janu...Reuters
Thu, Oct 9
Med crude-Urals crude diffs holds steady in thin trading
MOSCOW, Oct 9 (Reuters) - Urals crude held steady on Thursday in thin trading, but a further hike in freight rates for oil cargoes from Russian ports bound for Asia could weigh on its differentials to dated Brent, market sources said.Sanctions are clearly hurting the Russian economy but U.S. Preside...Reuters
Thu, Oct 9
US Cash Grains-Soybean basis firmer at crushing sites, rivers
CHICAGO, Oct 9 (Reuters) - Spot basis bids for soybeans were mostly steady to stronger on Thursday at crushing plants and river elevators in the U.S. Midwest, supported by a drop in costs for barge freight and some slowing of farmer offerings, brokers said.The soybean basis improved by 15 cents a bu...Reuters
Thu, Oct 9
GRAINS-Soybeans slip on profit-taking, China trade worries
By Karl Plume CHICAGO, Oct 9 (Reuters) - U.S. soybean futures retreated on Thursday after two days of gains, pressured by profit taking and technical selling and on growing concerns about a promised farmer aid package and a breakthrough in U.S.-China trade negotiations. Corn futures followed...Reuters
Thu, Oct 9
US agriculture secretary says program for farmers can be rolled out after end of government shutdown
WASHINGTON, Oct 9 (Reuters) - U.S. Agriculture Secretary Brooke Rollins said on Thursday the Trump administration would be able to deliver a "significant program" to help farmers once the ongoing government shutdown ends."We've got to get the government reopened so that we can move f...Reuters
Thu, Oct 9
