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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
CSX On Enfield Derailment Says Services Expected To Resume By 9 P.M. This Evening, With Full Restoration Anticipated By Midnight
Aug 18 (Reuters) - CSX Corp CSX.O:CSX CORP ON ENFIELD, NC, DERAILMENT SAYS SERVICES ARE EXPECTED TO RESUME BY 9 P.M. THIS EVENING, WITH FULL RESTORATION ANTICIPATED BY MIDNIGHTReuters
Mon, Aug 18
Canada's jobs minister opens probe into allegations of unpaid work in airline sector
Aug 18 (Reuters) - Canada's jobs minister, Patty Hajdu, said on Monday she had ordered a probe into allegations of unpaid work in the airline sector, saying it would start immediately."If employers are exploiting loopholes in the Canada Labour Code, we will close them. Nobody should be expec...Reuters
Mon, Aug 18
Vulcan Elements signs rare earths supply deal with ReElement Technologies
Aug 18 (Reuters) - Vulcan Elements, a North Carolina-based rare earth magnet manufacturer, has agreed to buy a supply of the critical minerals from ReElement Technologies that will be sourced outside of China.The companies, both of which are privately held, declined to give precise financial terms b...Reuters
Mon, Aug 18
Canada's jobs minister encourages mediation between Air Canada and flight attendants' union
Aug 18 (Reuters) - Canadian Jobs Minister Patty Hajdu encouraged Air Canada and its flight attendants' union to undergo mediation in order to finalize a collective agreement and resolve a strike the Canada Industrial Relations Board (CIRB) has declared unlawful. "The Canadian Industrial ...Reuters
Mon, Aug 18
Valero Port Arthur, Texas Refinery Reports Emissions
Aug 18 (Reuters) - Valero VLO.N:REPORTS PROCESS UNIT UPSET RESULTING IN A LEAKING VALVE BONNET AND EMISSIONS TO ATMOSPHERE AT PORT ARTHUR, TEXAS REFINERYREPORTS RESPONSE EFFORTS WERE INITIATED IMMEDIATELY TO ADDRESS THE INCIDENT AND MINIMIZE EMISSIONSCAPACITY: 360,000 BARRELS PER DAYSOURCE: TEXAS CO...Reuters
Mon, Aug 18
UBS raises gold target price for end-March 2026 by $100 to $3,600/oz
Aug 18 (Reuters) - UBS on Monday raised its gold target price for end-March 2026 by $100 to $3,600 per ounce as persistent U.S. macroeconomic risks, de-dollarization trends, and strong investment demand — especially from exchange-traded funds (ETFs) and central banks — are expected to drive gold pri...Reuters
Mon, Aug 18
CIF/FOB Gulf Grain-Soy bids pressured by lack of Chinese demand
CHICAGO, Aug 18 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals remained under pressure on Monday from a lack of Chinese demand during the trade dispute between Washington and Beijing, traders said.Traders worried it may take months for Washington and Beijing to agr...Reuters
Mon, Aug 18
USDA ends programs for solar, wind projects on farms
By Leah Douglas and Nichola Groom WASHINGTON, Aug 18 (Reuters) - The U.S. Department of Agriculture will no longer support solar and wind projects on productive farmland, said Agriculture Secretary Brooke Rollins in a post on X on Monday.The move is the latest in a series of actions by the admini...Reuters
Mon, Aug 18
US natgas prices ease on near-record output, less hot forecasts
Gas stockpiles at 6% above normal levels, and risingRecord output and ample stockpiles lead to price slideHurricane Erin unlikely to impact US gas productionLNG export feedgas falls due to Louisiana plant reductionsBy Scott DiSavino Aug 18 (Reuters) - U.S. natural gas futures eased about 1% on Mo...Reuters
Mon, Aug 18
Oil prices settle higher as investors focus on Trump-Zelenskiy meeting
Zelenskiy and European leaders meet with TrumpUS adviser says if India wants to be a US strategic partner, it has to act like oneDrone attacks disrupt Russian crude flows to Hungary and Slovakia through the Druzhba pipelineBy Nicole Jao NEW YORK, Aug 18 (Reuters) - Oil prices settled 1% higher on...Reuters
Mon, Aug 18
CBOT soybeans lower ahead of crop tour results, demand questions
CHICAGO, Aug 18 (Reuters) - Chicago Board of Trade soybean futures ended lower on Monday after seesawing most of the session as traders awaited the results of this week's ProFarmer crop tour in the U.S. Midwest.The ProFarmer tour will survey corn and soy fields across the U.S. this week.U.S. Pre...Reuters
Mon, Aug 18
CBOT wheat weakens on technical selling
CHICAGO, Aug 18 (Reuters) - Chicago Board of Trade wheat futures ticked lower on technical selling on Monday, though an uptick in export demand has provided underlying support.Export sales of U.S. wheat have remained relatively strong, despite abundant world supplies of the grain.Traders are closely...Reuters
Mon, Aug 18
ICE canola futures limp into new week in lower range
WINNIPEG, Manitoba, Aug 18 (Reuters) - ICE canola futures limped into the new week slightly lower on Monday and within the range that has held since China imposed duties on Canadian canola last Tuesday.• November canola RSX5 fell $9.20 to $651.70 per metric ton. January RSF6 fell $9.40 to $663.30.• ...Reuters
Mon, Aug 18
Holders of Venezuelan bond secure payment pact with Elliott's affiliate, representative says
Bidding reopened through Friday, winner to be recommended this monthMore than two thirds of holders have joined Amber's pact so farGold Reserve could move to strike an alternative bidBy Marianna Parraga HOUSTON, Aug 18 (Reuters) - Holders of a defaulted Venezuelan bond have reached a prelimin...Reuters
Mon, Aug 18
