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Oil slips as market weighs end of US summer driving and India supply dilemma
By Sam Li and Siyi Liu Aug 28 (Reuters) - Oil prices fell on Thursday as investors weighed the outlook for U.S. fuel demand with the end of the summer driving season near, while assessing potential crude supply shifts as India faces punishing U.S. tariffs for importing Russian oil. Brent crude f...Reuters
51 minutes ago
GRAINS-Wheat rises from one-week low, ample supplies limit gains
SINGAPORE, Aug 28 (Reuters) - Chicago wheat futures ticked higher on Thursday, with the market regaining some ground after dropping to a one-week low in the last session, although expectations of bumper supplies limited gains.Corn rose for the first time in four sessions, while soybeans were largely...Reuters
52 minutes ago
Australia's Lynas flags uncertainty over Texas plant, posts annual profit slump
Lynas warns of uncertainty in progress of Texas plant Co posts over 90% drop in annual profitLaunches A$750 million equity raisingAug 28 (Reuters) - Australia's Lynas Rare Earths LYC.AX warned of considerable uncertainty over the future of its heavy rare-earths processing plant in Texas and also...Reuters
55 minutes ago
CIF/FOB Gulf Grain-Soy barge bids firm, freight costs eyed; corn flat
CHICAGO, Aug 27 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals firmed slightly on Wednesday amid exporter demand and rising freight costs in some locations, traders said. Empty barges available for this week on the Illinois River were offered on Wednesday at 625% o...Reuters
an hour ago
Brazil approves temporary antidumping measures against Canadian, US polyethylene resins
SAO PAULO, Aug 27 (Reuters) - Brazil trade panel Gecex/Camex approved on Wednesday temporary antidumping measures against the imports of polyethylene resins from Canada and the United States, according to the Ministry of Development, Industry, Trade and Services.The ministry's statement did not ...Reuters
2 hours ago
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Aug 28 (Reuters) - Contract Target Support/Resistance Brent oil (1st mth)$67.53/$67.05res $68.12/$68.49Palm oil (3rd month)4,455/4,421 ringgitres 4,509/4,542/4,563 ringgitWTI* (1st mth)$63.46/$63.27res $64.03/$64.28/$64.60Spot gold$3,406/$3,4...Reuters
2 hours ago
REFILE-Australia's Lynas posts over 90% fall in annual profit; to raise $487 million
Aug 28 (Reuters) - Australia's Lynas Rare Earths LYC.AX posted a more than 90% fall in its full-year profit on Thursday, hurt by depreciation from its Kalgoorlie and Mt Weld facility expansion, while announcing an A$750 million ($487.35 million) equity raising.The world's largest rare earths...Reuters
2 hours ago
Mexico reports 53% increase in flesh-eating screwworm cases since July
By Heather Schlitz and Cassandra Garrison Aug 27 (Reuters) - Mexico has recorded 5,086 cases of flesh-eating screwworm in animals as of August 17, a 53% jump from the number of cases reported in July, according to Mexican government data seen by Reuters on Wednesday.The updated numbers, which hav...Reuters
3 hours ago
LIVESTOCK-Cattle futures climb on tight supplies
CHICAGO, Aug 27 (Reuters) - Chicago Mercantile Exchange cattle futures rose to contract highs on Wednesday as a tight cattle supply continues to support prices.CME October live cattle futures LCV25 reached contract highs before settling up 1.325 cents at 239.525 cents per pound. September feeder cat...Reuters
3 hours ago
Gold Reserve moves to have rival Elliott bid for Citgo parent disqualified, filing says
Court officer must submit new recommendation of winner on FridayGold Reserve says Elliott affiliate Amber's bid is contrary to court ordersSiemens Energy joins Gold Reserve's motion to disqualify bidBy Marianna Parraga HOUSTON, Aug 27 (Reuters) - Gold Reserve GRZ.V on Wednesday filed a mo...Reuters
3 hours ago
Gold Reserve moves to have rival Elliott bid for Citgo parent disqualified, filing says
HOUSTON, Aug 27 (Reuters) - Miner Gold Reserve GRZ.V on Wednesday filed a motion to disqualify a rival bid from an affiliate of hedge fund Elliott Investment Management that a Delaware court this month selected as frontrunner in an auction for Citgo Petroleum's parent, according to a court docum...Reuters
5 hours ago
GRAINS-Wheat falls on favorable weather in growing regions
Corn prices down on lower demandWheat falls on favorable weatherSoybeans drop on large suppliesBy Renee Hickman CHICAGO, Aug 27 (Reuters) - Chicago wheat futures lost ground on Wednesday, with prices weighed down by large global harvests, favorable weather in growing areas, and a strong U.S. doll...Reuters
5 hours ago
Green Plains Enters Into Agreement To Sell Obion, Tennessee Plant To Poet
Aug 27 (Reuters) - Green Plains Inc GPRE.O:GREEN PLAINS ENTERS INTO AGREEMENT TO SELL OBION, TENNESSEE PLANT TO POETGREEN PLAINS INC - TO SELL TENNESSEE ETHANOL PLANT FOR $190 MILLIONGREEN PLAINS INC - PROCEEDS TO RETIRE JUNIOR MEZZANINE DEBT DUE IN 2026GREEN PLAINS INC - CONCLUDES STRATEGIC REVIEW ...Reuters
5 hours ago
Canada's Hudbay Minerals resumes operations in Snow Lake after evacuation orders lifted
Aug 27 (Reuters) - Canadian mining company Hudbay Minerals HBM.TO on Wednesday said it has resumed operations in Snow Lake, Manitoba, following the decision made by the authorities to lift the mandatory evacuation order on August 22.The company said that there has been no structural damage to its on...Reuters
6 hours ago
US Cash Crude-Grades broadly up as domestic oil stocks fall
Aug 27 (Reuters) - Grades broadly rose on Wednesday, dealers said, as domestic oil stocks fell, with WTI Midland bucking the wider upward trend. U.S. crude stocks, gasoline, and distillate inventories fell last week as demand rose, the Energy Information Administration said on Wednesday.Crude invent...Reuters
6 hours ago
Trump administration to take control of Washington's Union Station
Follows Trump move to take over capital's policingWashington mayor says city cannot afford to spend billions to rehabilitate the stationAmtrak launches next generation of high-speed Amtrak trainsBy David Shepardson NEW YORK, Aug 27 (Reuters) - The Transportation Department plans to reclai...Reuters
6 hours ago
Mexico's Dos Bocas refinery offline due to power outage, sources say
By Shariq KhanAug 27 - Mexico's 340,000-barrel-per-day Dos Bocas refinery has been offline since Monday due to a power outage at the plant, two sources familiar with the matter told Reuters.The refinery, also called Olmeca, was forced to shutdown all processing units on Monday after heavy rainfa...Reuters
6 hours ago
Canada's LNG draws German interest for market swaps, minister says
By Amanda Stephenson and David Ljunggren CALGARY, Aug 27 (Reuters) - German companies are looking to buy and swap Canadian LNG cargoes shipped off the Pacific coast to help meet European demand, Canada's Energy and Natural Resources Minister Tim Hodgson said on Wednesday.Canada, the world'...Reuters
6 hours ago
CBOT soybeans end slightly lower on large supplies
CHICAGO, Aug 27 (Reuters) - Chicago Board of Trade soybean futures edged lower, with expectations of a good U.S. soybean crop keeping supply in focus, although hopes for U.S.-China trade talks added support. U.S. farmers are on track to harvest a bumper soybean crop.The USDA increased the soybean cr...Reuters
6 hours ago
US Plains HRW Wheat-Basis bids steady as futures tumble
CHICAGO, Aug 27 (Reuters) - Spot basis bids for hard red winter wheat were unchanged in the U.S. Plains on Wednesday as K.C. HRW wheat futures fell.Trade was subdued, dealers said.Chicago wheat futures lost ground on Wednesday, with prices weighed down by large global harvests, favorable weather in ...Reuters
6 hours ago
