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Gold falls after scaling record peak as markets digest Fed Chair Powell's comments
Spot gold scaled record high of $3,707.40/oz Fed delivers normal-sized rate cutDeutsche Bank raises average gold price forecasts for next year to $4,000/ozSilver, platinum, palladium each down over 2% By Ashitha Shivaprasad and Anjana Anil Sept 17 (Reuters) - Gold prices fell nearly 1% on Wednesd
Reuters
2 minutes ago
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Sept 18 (Reuters) - Contract Target Support/Resistance Brent oil (1st mth)$68.37/$68.77sup $67.73/$67.29/$66.77Palm oil (3rd mth)4,429/4,401 ringgitres 4,492/4,514 ringgitWTI* (1st mth)$64.35/$64.74/$64.99sup $63.71/$63.32Spot gold$3,650/$3,6...Reuters
29 minutes ago
Top global meatpacker JBS prepares for drop in cattle for slaughter in 2026
By Roberto SamoraSAO PAULO, Sept 17 (Reuters) - Brazilian meatpacker JBS Z98.F is prepared for a likely shift in the country's cattle cycle that could lead to reduced availability of animals for slaughter next year, an executive said on Wednesday. WHY IT'S IMPORTANTJBS is the world's...Reuters
33 minutes ago
Brazil's beef exports to US to fall further in September after tariffs, industry group says
By Roberto Samora SAO PAULO, Sept 17 (Reuters) - Brazil's beef exports to the United States are seen falling further in September from the previous months, the head of local beef lobby Abiec said on Wednesday, in a move linked to higher tariffs imposed by President Donald Trump on goods from ...Reuters
49 minutes ago
LIVESTOCK-Cattle futures fall on weaker beef prices, technical selling
By Julie Ingwersen CHICAGO, Sept 17 (Reuters) - Chicago Mercantile Exchange live cattle futures fell on Wednesday on softening beef prices and declining profit margins for beef packers, analysts said.Some brokers also attributed the weakness to fund-driven technical selling. Commodity funds hold ...Reuters
an hour ago
Brazil judge's ruling keeps soy moratorium in place
By Ana Mano SAO PAULO, Sept 17 (Reuters) - A Brazilian judge on Wednesday left in place a moratorium on trading in soy grown in recently deforested parts of the Amazon, according to a decision seen by Reuters, rejecting a request by a farmer group to reverse an injunction related to the ban.The s...Reuters
an hour ago
Peru president signs contract allowing Chevron, Westlawn entry
LIMA, Sept 17 (Reuters) - Peru's President Dina Boluarte said on Wednesday she had signed the modification of a hydrocarbon exploration and exploitation contract that would allow U.S. firms Chevron CVX.N and Westlawn to formally enter the country. The contract formalizes the companies' entry...Reuters
2 hours ago
US Cash Crude-Mars eases 10 cents as WTI/Brent spread narrows slightly
Sept 17 (Reuters) - Mars sour crude weakened on Wednesday as the spread between West Texas Intermediate and Brent narrowed for the third straight session. Mars weakened 10 cents, while WTI Midland and WTI at East Houston, also known as MEH, were unchanged. The spread between Brent and U.S. WTI crud...Reuters
2 hours ago
Trump climate panel not exempt from transparency requirements, judge rules
By Nate Raymond Sept 17 (Reuters) - A group of climate change skeptics the Trump administration convened behind closed doors to prepare a report that became a linchpin for its efforts to roll back rules on greenhouse gas emissions is not exempt from a law mandating that committees that advise age...Reuters
2 hours ago
Westlawn Americas Offshore Acquired 30% Non-Operated Working Interest In Z-61, Z-62, Z-63 Blocks
Sept 17 (Reuters) - Occidental Petroleum Corp OXY.N:WESTLAWN GROUP: WESTLAWN AMERICAS OFFSHORE ACQUIRED 30% NON-OPERATED WORKING INTEREST IN Z-61, Z-62, Z-63 BLOCKS OFFSHORE PERUWESTLAWN GROUP: OXY WILL REMAIN OPERATOR OF THE THREE BLOCKS, HOLDING A 35% WORKING INTERESTWESTLAWN GROUP: CHEVRON PERU ...Reuters
2 hours ago
Exxon pauses European plastic recycling plans over draft EU rules
By Philip Blenkinsop BRUSSELS, Sept 18 (Reuters) - ExxonMobil XOM.N is pausing 100 million euros ($118.4 million) of investment in European plastic recycling because of draft EU rules that determine the recycled content in a final product.The U.S. energy producer has two projects for chemical rec...Reuters
3 hours ago
Brazil judge's ruling keeps soy moratorium in place
SAO PAULO, Sept 17 (Reuters) - A Brazil federal judge on Wednesday denied a request by farmer group Aprosoja Mato Grosso to reverse an injunction related to Brazil's soy moratorium, in practice keeping the pact in place, according to a decision seen by Reuters.Brazil's soy moratorium, a priv...Reuters
3 hours ago
CIF/FOB Gulf Grain-Soybean basis eases on weak autumn export demand
CHICAGO, Sept 17 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast export terminals were steady to lower on Wednesday on below-normal demand for fall shipments and expectations for a bumper U.S. harvest, traders said.Basis bids for CIF corn were mostly steady on Wednesday, stab...Reuters
3 hours ago
GRAINS-US grains off highs with Fed in focus, soyoil down more than 2%
By Julie Ingwersen CHICAGO, Sept 17 (Reuters) - Chicago corn and soybean futures sagged on Wednesday, retreating from multi-week highs on profit-taking and an uptick in the dollar, while a drop in soyoil futures added pressure, analysts said.Wheat futures followed the lower trend, with forecasts ...Reuters
3 hours ago
Holiday season imports have arrived early at busiest US port, executive says
By Lisa Baertlein LOS ANGELES, Sept 17 (Reuters) - U.S. retailers have wrapped up imports of holiday goods at least a month early in a bid to limit costs tied to President Donald Trump's evolving tariff policies, the top executive at the nation's busiest seaport said on Wednesday."Muc...Reuters
3 hours ago
Trump climate panel not exempt from transparency requirements, judge rules
By Nate Raymond Sept 17 (Reuters) - A group of climate change skeptics the Trump administration convened behind closed doors to prepare a report that became a linchpin for its efforts to roll back rules on greenhouse gas emissions is not exempt from a law mandating that committees that advise age...Reuters
3 hours ago
Nucor Announces Guidance For The Third Quarter Of 2025 Earnings
Sept 17 (Reuters) - Nucor Corp NUE.N:NUCOR ANNOUNCES GUIDANCE FOR THE THIRD QUARTER OF 2025 EARNINGSNUCOR CORP - EXPECTS QTRLY EARNINGS BETWEEN $2.05 AND $2.15 PER SHARENUCOR CORP - EARNINGS IN Q3 EXPECTED TO DECREASE ACROSS ALL THREE SEGMENTS IN COMPARISON TO Q2Reuters
3 hours ago
Peru president signs contract allowing Chevron, Westlawn entry
LIMA, Sept 17 (Reuters) - Peru's President Dina Boluarte said on Wednesday she had signed the modification of a hydrocarbon exploration and exploitation contract that would allow U.S. firms Chevron CVX.N and Westlawn to formally enter the north of the country.Reuters
4 hours ago
CBOT corn ends down as dollar firms, US harvest expands
CHICAGO, Sept 17 (Reuters) - Chicago Board of Trade corn futures ended lower on Wednesday on profit-taking, seasonal harvest pressure and an uptick in the dollar, traders said.CBOT December corn CZ25 ended down 2-3/4 cents at $4.26-3/4 per bushel, turning lower after matching Tuesday's two-month...Reuters
4 hours ago
CBOT soybeans end lower; soyoil sags on US EPA biofuel proposal
CHICAGO, Sept 17 (Reuters) - Chicago Board of Trade soybean futures declined on Wednesday, retreating from two-week highs on profit-taking and a drop in soyoil futures tied to disappointment about a U.S. biofuels proposal, traders said.CBOT November soybeans SX25 settled down 6 cents at $10.43-3/4 p...Reuters
4 hours ago
