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Silver price forecast: XAG/USD breaks below $38.00 as safe-haven demand weakens
Silver price (XAG/USD) remains subdued for the fourth successive session, trading around $38.00 per troy ounce during the Asian hours on Tuesday. Silver prices face challenges amid dampened safe-haven demand, driven by positive signals toward a possible resolution of the Ukraine-Russia war.
Fxstreet
Tue, Aug 19
GRAINS-Chicago wheat extends losses on raised Russian forecast; Midwest crop tour in focus
BEIJING, Aug 19 (Reuters) - Chicago wheat futures fell for a second session on Tuesday, pressured by an upward revision to Russia's wheat crop forecast and recent talks to end the war in Ukraine, which raised expectations of ample global grain supplies. The most-active wheat contract on the Chic...Reuters
Tue, Aug 19
PRESS DIGEST-British Business - Aug 19
Aug 19 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- London's Soho House SHCO.N is to draw a line under its turbulent life as a public company after the operator ...Reuters
Tue, Aug 19
GRAINS-Chicago wheat extends losses; markets watch Midwest crop tour
BEIJING, Aug 19 (Reuters) - Chicago wheat futures fell for a second session on Tuesday on technical selling and better-than-expected crop ratings, though strong export demand lent some support.Corn also eased on favourable weather, while soybeans firmed. FUNDAMENTALS* The most active wheat contract ...Reuters
Tue, Aug 19
Brazil regulator suspends soy moratorium, orders probe of exporters
Brazil farmers welcome 'historic' decisionCargill, Bunge among global traders implicated in probeSoy industry groups defend ban as aimed to protect AmazonBy Ana ManoSAO PAULO, Aug 18 (Reuters) - Brazil's competition authority CADE has given grain traders in the world's largest soybea...Reuters
Tue, Aug 19
China buys first Australian canola cargo since 2020, traders say
SINGAPORE/BEIJING, Aug 18 (Reuters) - Chinese state-run trading firm COFCO has booked a cargo of about 50,000 metric tons of new-crop Australian canola, two traders told Reuters, just days after Beijing imposed temporary levies on top supplier Canada.Reuters
Tue, Aug 19
Australia's Santos flags delay in finalising ADNOC-led offer beyond deadline
Scheme agreement signing not likely by Aug 22Consortium needs more time for approvalsSantos defers HY results to Aug 25 Aug 19 (Reuters) - Australia's Santos STO.AX said on Tuesday that Abu Dhabi's National Oil Company (ADNOC)-led international consortium would not be able to finalise an ...Reuters
Tue, Aug 19
Australia's Santos flags delay in finalising ADNOC-led offer beyond deadline
Scheme agreement signing not likely by Aug 22Consortium needs more time for approvalsSantos defers HY results to Aug 25 Aug 19 (Reuters) - Australia's Santos STO.AX said on Tuesday that Abu Dhabi's National Oil Company (ADNOC)-led international consortium would not be able to finalise an ...Reuters
Tue, Aug 19
Iron ore sinks BHP FY profit to 5-year low but dividend boosts shares
FY25 profit $10.16 bln misses estimatesFY dividend of $1.10/share lowest since 2017 but better than expectedDemand for commodities resilient despite tariff uncertainty, BHP saysNet debt target raised to between $10 billion and $20 billion By Sameer Manekar and Byron Kaye Aug 19 (Reuters) - BHP BH...Reuters
Tue, Aug 19
Ukrainian drones spark fire at oil refinery, hospital roof in Russia's Volgograd, Russia says
Aug 19 (Reuters) - Debris from destroyed Ukrainian drones sparked fires at an oil refinery and a hospital roof in Russia's Volgograd region, the administration of the southwestern Russian region said on Tuesday in a post on the Telegram messaging app. "Firefighters are working on site trying...Reuters
Tue, Aug 19
Ukrainian drones spark fire at oil refinery, hospital roof in Russia's Volgograd, Russia says
Aug 19 (Reuters) - Debris from destroyed Ukrainian drones sparked fires at an oil refinery and a hospital roof in Russia's Volgograd region, the administration of the southwestern Russian region said on Tuesday in a post on the Telegram messaging app. "Firefighters are working on site trying...Reuters
Tue, Aug 19
Hurricane Erin could bring dangerous seas as it grows near the Bahamas
Erin is the first hurricane of 2025 Atlantic seasonCoastal flooding possible in North Carolina's Outer Banks from late Wednesday, NHC saysErin will likely maintain its force as a dangerous major hurricane, NHC says By Scott Vincent and Sarah MorlandAug 18 (Reuters) - Residents in the Bahamas and...Reuters
Tue, Aug 19
REFILE-Oil edges lower as market ponders potential Russia-Ukraine peace talks
By Anjana Anil Aug 19 (Reuters) - Oil prices slipped in early Asian trade on Tuesday as market participants contemplated planned three-way talks among Russia, Ukraine and the U.S. to end the war in Ukraine, which could lead to an end to sanctions on Russian crude.Brent crude futures LCOc1 fell 7 ...Reuters
Tue, Aug 19
WTI price recovers above $62.50 as traders brace for Trump-Zelenskiy meeting
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.55 during the early Asian trading hours on Tuesday. The WTI edges higher after talks between US President Donald Trump and his Ukrainian counterpart in the wake of an inconclusive US-Russia summit in Alaska on Friday.
Fxstreet
Tue, Aug 19
US appeals court temporarily blocks land transfer for Arizona's Resolution Copper project
Aug 18 (Reuters) - A U.S. appeals court on Monday temporarily blocked federal officials from completing a land transfer needed for Rio Tinto RIO.L and BHP BHP.AX to develop Arizona's Resolution Copper project.The San Francisco-based 9th U.S. Circuit Court Of Appeals granted a temporary administr...Reuters
Mon, Aug 18
US Cash Crude-WTI Midland, MEH firm as WTI's discount to Brent widens
Aug 18 (Reuters) - Cash crude differentials strengthened for WTI Midland and premiums for WTI at East Houston climbed to their highest since April on Monday as U.S. crude futures' discount to the international benchmark Brent widened to its most since June. West Texas Intermediate crude futures&...Reuters
Mon, Aug 18
Brazil competition authority targets soy exporters in probe
SAO PAULO, Aug 18 (Reuters) - A unit of Brazilian competition authority CADE has formally suggested a full-blown investigation into the signatories of Brazil's "Soy Moratorium Program," a voluntary initiative under which exporters agree not buy soy from farmers who cleared land in the A...Reuters
Mon, Aug 18
Steelmaker ArcelorMittal reports explosion at Mexico plant, none injured
MEXICO CITY, Aug 18 (Reuters) - A strong explosion rocked steelmaker ArcelorMittal's facilities in the Pacific town of Lazaro Cardenas in Mexico on Monday, the firm said. No injuries were reported and material damages were still being assessed, ArcelorMittal said in a statement. The cause of the...Reuters
Mon, Aug 18
LIVESTOCK-Cattle futures higher on screwworm concerns, tight supply
By Heather Schlitz CHICAGO, Aug 18 (Reuters) - Chicago Mercantile Exchange cattle futures continued a rally on Monday as traders reckoned with near-record high wholesale beef prices and a tight supply of cattle as calf imports from Mexico remained closed.The U.S. Department of Agriculture on Frid...Reuters
Mon, Aug 18
