News
Important Only
Goldman Sachs expects Brent to decline to low $50s by late 2026
Aug 26 (Reuters) - Goldman Sachs GS.N expects the price of Brent crude futures contracts to decline to the low $50s a barrel by late 2026 due to an increase in the surplus of oil next year."We expect the oil surplus to widen and average 1.8 million barrels per day in 2025 Q4 (through) 2026 Q4, r...Reuters
13 minutes ago
METALS-London copper edges higher on China export boost, but firm dollar caps gains
Aug 27 (Reuters) - Three-month copper contract on the London Metal Exchange CMCU3 edged higher on Wednesday, supported by a pickup in Chinese export orders, although a slightly stronger dollar limited further upside.The three-month contract on the LME CMCU3 edged up 0.04% to $9,840.5 per metric ton ...Reuters
33 minutes ago
Gold retreats from two-week high, concerns over Fed’s independence might cap its losses
The Gold price (XAU/USD) trades on a negative note during the Asian trading hours on Wednesday. The precious metal retreats from a two-week high of $3,395 amid the profit-taking and modest rebound in the US Dollar (USD).
Fxstreet
an hour ago
FEMA workers put on leave after letter criticizing Trump administration, Washington Post reports
WASHINGTON, Aug 26 (Reuters) - Some employees at the U.S. Federal Emergency Management Agency were put on leave on Tuesday after they signed an open letter of dissent about the agency's leadership, the Washington Post reported, citing documents reviewed by the newspaper.By Tuesday evening, FEMA&...Reuters
2 hours ago
GRAINS-Corn firms, outlook for record US harvest caps gains
SINGAPORE, Aug 27 (Reuters) - Chicago corn slightly recovered on Wednesday from losses in the previous session, although gains were curbed by expectations of a record U.S. harvest, which is prompting farmers to sell stored crops.Wheat and soybeans firmed.FUNDAMENTALS* The most-active corn contract o...Reuters
3 hours ago
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Aug 27 (Reuters) - Contract Target Support/Resistance Brent oil (1st mth)$67.08/$66.77res $67.55/$67.67/$67.88Palm oil (3rd month)4,421/4,400 ringgitres 4,475/4,509 ringgitWTI* (1st mth)$63.07/$62.92res $63.66/$63.89Spot gold$3,408sup $3,380/...Reuters
3 hours ago
CIF/FOB Gulf Grain-Soybean, corn barge bids ease
CHICAGO, Aug 26 (Reuters) - Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast terminals weakened on Tuesday in quiet trade as demand from exporters cooled a bit, traders said.Market players continue to monitor U.S. trade relations with top global soy buyer China, which has been sh...Reuters
4 hours ago
Jamaica brings in Canadian drones to fly over disaster zones
By Sarah Morland Aug 26 (Reuters) - Jamaica will use drones donated by Canada to boost its disaster response services, state information service JIS said on Tuesday, as the Caribbean braces for stronger hurricanes in the coming years fueled by warmer oceans resulting from climate change.WHY IT...Reuters
4 hours ago
US cancelling another $175 million in California high-speed rail projects
By David Shepardson Aug 26 (Reuters) - The U.S. Transportation Department said on Tuesday it is cancelling $175 million for four projects that are part of California's high-speed rail project, following cancellation of $4 billion in federal grants for the state's ambitious but much-delaye...Reuters
4 hours ago
LIVESTOCK-Cattle futures rebound on tight cattle supply, strong cash market
By Heather Schlitz CHICAGO, Aug 26 (Reuters) - Chicago Mercantile Exchange cattle futures rose on Tuesday as strong cash markets and a tight cattle supply buoyed prices. CME October live cattle futures LCV25 rose 1.375 cents to settle at 238.20 cents per pound. September feeder cattle FCU25 rose ...Reuters
5 hours ago
U.S. Plains HRW Wheat-Basis steady as futures sag
CHICAGO, Aug 26 (Reuters) - Spot basis bids for hard red winter wheat were flat at grain elevators in the southern U.S. Plains on Tuesday as K.C. HRW wheat futures fell.K.C. December hard red winter wheat KWZ25 fell 3 cents to $5.17-3/4 a bushel.Some locations have begun rolling their basis to the D...Reuters
5 hours ago
FACTBOX-A timeline of Trump's moves to dismantle the US wind and solar energy industries
By Nichola Groom Aug 26 (Reuters) - U.S. President Donald Trump has used his second term in the White House to stymie development of wind and solar energy facilities that were a cornerstone of former President Joe Biden's climate and energy agendas. Here is a timeline of actions his administr...Reuters
6 hours ago
Human screwworm case poses no risk to agriculture, says USDA official
Human screwworm case is the only one this year, says USDA undersecretaryUSDA learned of the human case only in recent days, says officialNo timeline to reopen U.S.-Mexico border to cattle importsBy Tom Polansek and Leah Douglas DECATUR, Illinois, Aug 26 (Reuters) - The human case of screwworm rep...Reuters
6 hours ago
FACTBOX-Trump's moves to dismantle the US wind and solar energy industries
By Nichola Groom Aug 26 (Reuters) - U.S. President Donald Trump has used his second term in the White House to stymie development of wind and solar energy facilities that were a cornerstone of former President Joe Biden's climate and energy agendas. Here is a timeline of actions his administr...Reuters
6 hours 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
6 hours ago
US to move FAA headquarters staff, consolidate USDOT IT systems
By David ShepardsonAug 26 (Reuters) - The U.S. Transportation Department said on Tuesday it will move Federal Aviation Administration headquarters staff in Washington out of the current building and consolidate agency IT and other systems, according to a memo seen by Reuters.The FAA headquarters sta...Reuters
6 hours ago
US Cash Crude-Grades broadly steady, Mars rises as domestic oil stocks fall
Aug 26 (Reuters) - Crude grades were broadly steady on Tuesday with Mars Sour rising, dealers said, as domestic crude and fuel stocks fell. U.S. crude, gasoline and distillate inventories fell last week, market sources said, citing American Petroleum Institute figures on Tuesday.Crude stocks fell by...Reuters
6 hours ago
Human screwworm case poses no risk to agriculture, says USDA official
Human screwworm case is the only one this year, says USDA undersecretaryUSDA learned of the human case only in recent days, says officialNo timeline to reopen U.S.-Mexico border to cattle importsBy Tom Polansek and Leah Douglas DECATUR, Illinois, Aug 26 (Reuters) - The human case of screwworm rep...Reuters
7 hours ago
