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METALS-Copper extends falls as stronger dollar, slow China demand weigh
BEIJING, Sept 17 (Reuters) - Copper futures fell on Wednesday for a second straight session, weighed down by a stronger dollar and top consumer China's slowing demand suppressed by elevated prices. The most-traded copper contract on the Shanghai Futures Exchange SCFcv1 was down 0.73% at 80,500 ...Reuters
4 minutes ago
PRESS DIGEST-British Business - September 17
Sept 17 (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 - Microsoft MSFT.O is planning to invest more than $30 billion in its UK operations and artificial ...Reuters
37 minutes ago
PRECIOUS-Gold steadies near record high as investors await Fed verdict
Sept 17 (Reuters) - Gold prices hovered near all-time highs on Wednesday as expectations for a Federal Reserve interest rate cut later in the day dented the dollar and U.S. bond yields, boosting demand for the precious metal.FUNDAMENTALS* Spot gold XAU= held its ground at $3,690.09 per ounce, as of ...Reuters
an hour ago
GRAINS-Chicago soybeans rise on US-China trade talk hopes; wheat, corn ease
BEIJING, Sept 17 (Reuters) - Chicago soybean futures extended gains into a second straight session on Wednesday, supported by optimism over U.S.-China trade talks.Wheat fell on ample supplies and corn also eased. FUNDAMENTALS* As of 0106 GMT, the most active soybean contract on the Chicago Board of ...Reuters
an hour ago
Oil prices hold steady as markets await Fed rate decision
Concerns over potential Russian supply disruption support pricesMarkets eye Fed meeting for clues on economyUS crude stockpiles fell last week, industry data showsBy Sam Li and Lewis Jackson Sept 17 (Reuters) - Oil prices held steady in early trading on Wednesday, after rising more than 1% in the...Reuters
2 hours ago
EU firms brace for more shutdowns due to China rare earth controls despite summit promise
By Mei Mei Chu BEIJING, Sept 17 (Reuters) - European firms are expecting more shutdowns and suffering losses as Beijing continues to hold a tight grip on rare earth exports despite a July agreement to fast-track shipments to the bloc, the European Union Chamber of Commerce in China said on Tuesda...Reuters
2 hours ago
CORRECTED-EXCLUSIVE-Japan's JERA in advanced talks to buy $1.7 billion of US shale gas assets, sources say
JERA tops bids for GEP Haynesville II assetsGEP Haynesville II among top producers in Haynesville basinJapan buying more US energy for security, as part of trade dealBy Shariq Khan and David French NEW YORK, Sept 16 (Reuters) - Japan's top power generator JERA is in advanced talks to buy natu...Reuters
2 hours ago
Australia promises $735 million to develop biofuel industry
CANBERRA, Sept 17 (Reuters) - The Australian government said on Wednesday it would invest A$1.1 billion ($735 million) in the development of a low-carbon fuels industry, a move welcomed by farm groups, who hope it will boost demand for biofuel feedstocks like canola and sugarcane. The money to be re...Reuters
2 hours ago
Gold Price Forecast: XAU/USD edges higher to near $3,700 as Fed rate decision looms
The Gold price (XAU/USD) gains ground to around $3,695 during the early Asian session on Wednesday. The precious metal edges higher amid a weak US Dollar (USD) and growing expectations for multiple rate cuts by the Federal Reserve (Fed). All eyes will be on the Fed rate decision later on Wednesday.
Fxstreet
2 hours ago
WTI extends upside above $64.00 on tighter global supplies, weaker US Dollar
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.25 during the early Asian trading hours on Wednesday. The WTI extends the rally on concerns over Russian supply disruptions and a weaker US Dollar (USD).
Fxstreet
2 hours ago
LIVESTOCK-Cattle futures end lower in consolidation; cash trade awaited
CHICAGO, Sept 16 (Reuters) - Chicago Mercantile Exchange live cattle futures closed lower on Tuesday, consolidating after Monday's bounce as the market waited for fresh direction from the cash cattle market, analysts said.CME October live cattle futures LCV25 settled down 1.150 cents on Tuesday ...Reuters
2 hours ago
Gold hits record high of 3,703 ahead of Fed decision
Gold price advances during the North American session after hitting a record high of $3,703 on Tuesday, poised to continue to trend up as traders await the Federal Reserve’s (Fed) monetary policy decision on Wednesday. At the time of writing, XAU/USD trades at $3,689, up 0.27%.Fxstreet
3 hours ago
Oil settles over 1% higher as Ukraine drone attacks target Russian supply
Russia may have to cut output after Ukrainian attacksMarkets eye Fed meeting for clues on economy Analysts expect US crude inventory declines last weekBy Shariq Khan NEW YORK, Sept 16 (Reuters) - Oil prices rose over a dollar a barrel on Tuesday, as traders weighed the possibility that Russian suReuters
3 hours ago
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Sept 17 (Reuters) - Contract Target Support/Resistance Brent oil (1st mth)$69.02/$69.41sup $68.37/$67.86Palm oil (3rd mth)-res 4,468/4,506 ringgitsup 4,405/4,381 ringgitWTI* (1st mth)$65.02/$65.41sup $64.38/$64.02/$63.57Spot gold$3,707/$3,726...Reuters
3 hours ago
US Plains HRW Wheat-Cash basis steady as futures rise
CHICAGO, Sept 16 (Reuters) - Basis bids for hard red winter (HRW) wheat were steady to higher in a spot check of grain elevators in the southern U.S. Plains on Tuesday. The dollar fell across the board as investors anticipated the U.S. Federal Reserve will kick off a series of interest rate cuts on ...Reuters
4 hours ago
US Cash Crude-Grades little changed as WTI/Brent spread narrows slightly
Sept 16 (Reuters) - U.S. cash grades were little changed on Tuesday as the spread between West Texas Intermediate and Brent narrowed slightly. WTI Midland rose 5 cents, and WTI at East Houston, also known as MEH, gained 10 cents. Mars was unchanged. The spread between Brent and U.S. WTI crude narro...Reuters
5 hours ago
Tens of thousands protest Dundee's Ecuador mine project near key water reserve
QUITO, Sept 16 (Reuters) - Tens of thousands of residents and local leaders in Ecuador's central Azuay province took to the streets on Tuesday to demand the suspension of a mining project by Canada's Dundee Precious Metals, which they say will affect a vital water reserve.The government of P...Reuters
5 hours ago
Puerto Rico inks $4 billion LNG contract with New Fortress Energy
By Nathan Crooks HOUSTON, Sept 16 (Reuters) - Puerto Rico has negotiated a $4 billion liquefied natural gas contract with New Fortress Energy NFE.O, Governor Jenniffer Gonzalez said on Tuesday in a post on social media. The supply deal, which comes after talks for a much larger contract broke d...Reuters
5 hours ago
CIF/FOB Gulf Grain-Corn basis bids flat-lower as Midwest harvest accelerates
CHICAGO, Sept 16 (Reuters) - Basis bids for corn shipped by barge to U.S. Gulf Coast export terminals were flat to lower on Tuesday on rising supplies from the accelerating Midwest harvest and as freight costs eased from recent highs, traders said.Basis bids for CIF soybean barges were mostly steady...Reuters
5 hours ago
