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SOFTS-Arabica coffee prices fall, New York cocoa also down
NEW YORK, Aug 26 (Reuters) - Arabica coffee futures fell on Tuesday, retreating from the prior session's 3-1/2-month high, with the market technically overbought after its recent rapid rise. COFFEE * Arabica coffee futures KCc2 settled down 5.45 cents, or 1.4%, at $3.723 per lb,...Reuters
20 minutes ago
PRECIOUS-Gold hits two-week high after Trump attempts to fire Fed Governor Cook
Market sees over 87% chance of September rate cutU.S. GDP estimates on Thursday; PCE due on FridayPalladium hits 7-week lowBy Sarah Qureshi Aug 26 (Reuters) - Gold prices climbed to an over two-week peak on Tuesday, lifted by safe-haven demand, as investor confidence in the U.S. central bank ...Reuters
27 minutes ago
Gold holds just below $3,400 as Fed drama hits dollar
Gold stayed firm just under $3,400 per troy ounce on Tuesday, lifted by renewed weakness in the US Dollar (USD) and lingering doubts over the Fed’s independence after President Trump’s unprecedented attempt to fire Governor Lisa Cook.
Fxstreet
38 minutes ago
US Cash Grains-Corn, soybean basis bids mostly steady to lower
CHICAGO, Aug 26 (Reuters) - Spot basis bids for corn and soybeans delivered to U.S. Midwest processors and ethanol plants were mostly steady to lower on Tuesday as farmers cleared out their storage prior to the autumn harvest.A processor in Decatur, Illinois, lowered its soybean basis by 5 cents. An...Reuters
42 minutes ago
Oil falls 2% from nearly three-week high; focus on tariffs, Russian supply
Oil slips after four consecutive sessions of gainsPrices expected to remain in tight range, analyst saysTraders track Ukraine developments, US tariffs on IndiaBy Stephanie Kelly NEW YORK, Aug 26 (Reuters) - Oil prices fell 2% on Tuesday, erasing gains from the previous session, as investors watch...Reuters
45 minutes ago
GRAINS-Corn futures lower as farmers sell, soy choppy
By Heather Schlitz CHICAGO, Aug 26 (Reuters) - Chicago corn futures ticked lower on Tuesday on selling pressure as soybeans chopped up and down, though expectations of a bumper U.S. harvest limited the upside in prices, analysts said.Wheat prices firmed on a technical bounce as ample global suppl...Reuters
48 minutes ago
Pemex crude oil exports rise in July while refinery output dips, data shows
MEXICO CITY, Aug 26 (Reuters) - Mexican state oil company Pemex reported a 31% rise in crude oil exports in July compared to the previous month, while refining output fell slightly during the same period, according to the latest company data seen by Reuters on Tuesday. WHY IT'S IMPORTANTPemex...Reuters
an hour ago
Stellantis paid $190.6 million in US fuel economy penalties this year, agency says
By David Shepardson Aug 26 (Reuters) - Chrysler-parent Stellantis paid $190.6 million in penalties this year for not meeting U.S. fuel economy requirements, according to a government report and the Italian-U.S. automaker. The National Highway Traffic Safety Administration said in an annual report...Reuters
2 hours ago
Stellantis paid $190.6 million in US fuel economy penalties this year, agency says
Aug 26 (Reuters) - Chrysler-parent Stellantis paid $190.6 million in penalties this year for not meeting U.S. fuel economy requirements, according to a government report and the Italian-American automaker. The National Highway Traffic Safety Administration said in an annual report that Stellantis pa...Reuters
2 hours ago
METALS-Copper hits two-week high as Trump's row with Fed heats up
By Pratima Desai LONDON, Aug 26 (Reuters) - Copper prices hit two-week highs on Tuesday after U.S. President Donald Trump's announcement he would remove Federal Reserve Governor Lisa Cook boosted expectations of U.S. interest rate cuts next month and weakened the dollar.A weaker U.S. currency...Reuters
2 hours ago
EU wheat draws support from strong Russian prices
PARIS/HAMBURG, Aug 26 (Reuters) - European wheat held steady on Tuesday, as firm prices in Russia, its main competitor on the export market, offset the bearish impact of ample supplies and a rise in the euro EUR=.December wheat BL2Z5, the most-active contract on the Paris-based Euronext exchange, wa...Reuters
2 hours ago
Europe Gasoline/Naphtha-Gasoline profit slide on waning demand
LONDON, Aug 26 (Reuters) - Northwest European gasoline profit margins fell sharply by nearly $2 to $15.61 a barrel on Tuesday, as trading activity dried up. Gunvor sold the only Eurobob E5 barge in the session to Trafigura.An additional 12,000 metric tons of Eurobob E10 barges traded, with Shell and...Reuters
2 hours ago
Critical Metals signs agreement to supply rare earth to US government-funded facility
Aug 26 (Reuters) - Critical Metals CRML.O on Tuesday said it has signed a 10-year agreement to supply heavy rare earth concentrate to Ucore Rare Metal's UCU.V U.S. government-funded Louisiana processing facility.The development-stage mining company expects to supply up to 10,000 metric tons of t...Reuters
3 hours ago
Auto File -Trump sticks to his guns on tariffs
By Aditi Shah, India Autos Correspondent Aditi.shah@thomsonreuters.com Greetings from New Delhi!U.S. President Donald Trump has a favourite number – 15. His trade partners, though, would prefer a zero. In trade deals with the European Union and South Korea, Trump has stuck with his 15% tar...Reuters
3 hours ago
Exxon Mobil to reconfigure key Baytown complex in US
Aug 26 (Reuters) - Top U.S. energy producer Exxon Mobil XOM.N said on Tuesday it has made a final investment decision to reconfigure its Baytown, Texas, complex to increase production of diesel and base stocks.Baytown, one of the company's largest integrated refining and petrochemical complexes,...Reuters
4 hours ago
US natgas extends losses as mild weather, ample supply weigh
LNG feedgas near record highs, though Corpus Christi plant cuts demandPrices hit lowest level since November 4 on Monday U.S., Russian officials discussed LNG equipment deals during Ukraine talks, sources sayBy Sherin Elizabeth Varghese Aug 26 (Reuters) - U.S. natural gas futures fell for a third...Reuters
4 hours ago
US truck makers look for cover as Trump's tariffs raise costs
Import levies drive up costs for U.S. truck makersTariffs add 2–4% to per-unit truck costs, ACT Research reportsBy Abhinav Parmar Aug 26 (Reuters) - The Trump administration's tariffs have raised manufacturing costs for the $50 billion U.S. heavy-duty truck industry, prompting companies to co...Reuters
4 hours ago
UN post agency says 25 states suspend US shipments
By Emma FargeGENEVA, Aug 26 (Reuters) - A U.N. agency responsible for the postal sector said on Tuesday that 25 of its member states have suspended goods consignments to the United States amid uncertainty after President Donald Trump's administration scrapped a customs tax rule that exempted sma...Reuters
5 hours ago
Thyssenkrupp defence unit short-listed in Canadian submarine deal, PM says in Berlin
Canada PM on inaugural visit to Berlin on European tourBerlin, Ottawa to cooperate more on critical mineralsThyssenkrupp finalist for Canadian submarine dealBy Riham Alkousaa and Sarah MarshBERLIN, Aug 26 (Reuters) - The Canadian Prime Minister announced Tuesday that a German-Norwegian partnership i...Reuters
5 hours ago
CBOT Trends-Wheat up 1-2 cents, corn mixed, soy up 5-7
CHICAGO, Aug 26 (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 Tuesday. WHEAT - Up 1 to 2 cents per bushelWheat futures Wv1 ticked up as the U.S. Department of Agriculture showed a s...Reuters
5 hours ago
