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Elliott takes stake in Japan's Kansai Electric, FT reports
Sept 10 (Reuters) - Activist investor Elliott Management has become one of the top three shareholders of Kansai Electric Power 9503.T with a stake of between 4% and 5%, the Financial Times said on Wednesday, citing people familiar with the matter.Kansai Electric's shares jumped 6% following the ...Reuters
51 minutes ago
METALS-London copper edges up on Anglo-Teck merger deal, supply concerns
By Lucas Liew Sept 10 (Reuters) - Copper prices in London inched higher on Wednesday, buoyed by a landmark planned merger between Anglo American and Teck Resources, and ongoing supply concerns following global mine disruptions. Three-month copper on the London Metal Exchange CMCU3 edged up ...Reuters
an hour ago
TECHNICALS-CBOT soybeans may retest support at $10.22
For more technical analyses, please click SINGAPORE, Sept 10 (Reuters) - The CBOT soybean November contract SX25 may retest support at $10.22 per bushel, a break below which could trigger a fall to $10.13.A wedge looks like a bearish continuation pattern, suggesting a target of $10.13. It will be co...Reuters
an hour ago
GRAINS-Soybeans, corn, wheat dip as traders eye US crop estimate report
BEIJING, Sept 10 (Reuters) - Chicago soybeans slipped on Wednesday as traders squared positions ahead of a key U.S. supply and demand report.Corn fell on favourable weather, and wheat weakened amid ample global supply. FUNDAMENTALS* The most active soybean contract on the Chicago Board of Trade (CBO...Reuters
3 hours ago
Oil prices rise after Israeli attack on Qatar, Trump's Russia tariff push
By Colleen Howe BEIJING, Sept 10 (Reuters) - Oil prices rose on Wednesday after Israel attacked Hamas leadership in Qatar and U.S. President Donald Trump asked Europe to impose tariffs on buyers of Russian oil, but a weak market outlook capped gains.Brent crude futures LCOc1 rose 35 cents, or 0.5...Reuters
3 hours ago
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Sept 10 (Reuters) - Contract Target Support/Resistance Brent oil (1st mth)$65.73/$65.07res $66.79/$67.33Palm oil (3rd mth)4,405/4,381 ringgitres 4,468/4,506 ringgitWTI* (1st mth)$62.68/$62.09/$61.45res $63.27/$63.63/$63.86Spot gold$3,618/$3,6...Reuters
4 hours ago
Late September storms may liven up hurricane season, say Colorado State University forecasters
By Erwin Seba HOUSTON, Sept 9 (Reuters) - The latter half of September may see more tropical storms than much of this year's hurricane season so far, said forecasters from Colorado State University on Tuesday. Since the season began on June 1, there have been only six named tropical systems, ...Reuters
4 hours ago
US Cash Grains-Corn, soy basis mostly steady-weak as harvest looms
CHICAGO, Sept 9 (Reuters) - Spot basis bids for corn and soybeans were mostly steady to weaker in the U.S. Midwest on Tuesday as grain elevators and processors prepared for the autumn harvest, merchandisers said.Early harvesting was already under way in some areas. The corn crop was 4% harvested nat...Reuters
4 hours ago
US Plains HRW Wheat-Basis steady-firm, planting under way in Kansas
Sept 9 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady to firmer in the southern U.S. Plains on Tuesday while producers were generally focused on harvesting fall crops including corn, sorghum and soybeans, grain merchandisers said.The wheat basis improved by a nickel a bushel...Reuters
5 hours ago
Dozens of containers tumble into water at California port
By Sandy Hooper and Lisa BaertleinLOS ANGELES, Sept 9 (Reuters) - Roughly 67 shipping containers fell from a berthed ship into the water at Southern California's Port of Long Beach on Tuesday morning, emergency responders at the nation's second-busiest seaport said. No injuries were reporte...Reuters
5 hours ago
LIVESTOCK-Cattle futures slide on revised job numbers
CHICAGO, Sept 9 (Reuters) - Chicago Mercantile Exchange cattle futures dipped sharply lower on Tuesday with the CME expanding trading limits for feeder cattle as they fell under pressure from a revision to jobs data showing weaker numbers. The U.S. economy likely created 911,000 fewer jobs in the 12...Reuters
5 hours ago
Chevron to boost Vaca Muerta output to 30,000 bpd by year-end
BUENOS AIRES, Sept 9 (Reuters) - Chevron CVX.N plans to increase oil production in Argentina's Vaca Muerta shale formation to 30,000 barrels per day by the end of the year, the company's Argentina country manager Ana Moneto said on Tuesday.Speaking at the Argentina Oil and Gas conference in ...Reuters
7 hours ago
CANADA-CRUDE-Discount on Western Canada Select narrows
Sept 9 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 narrowed on Tuesday.WCS for October delivery in Hardisty, Alberta, settled at $11.20 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.40 a...Reuters
7 hours ago
Oil settles higher after Israeli attack on Qatar
Brent, US crude rise 0.6%US assurance to Qatar, fears of supply glut cap oil's gainsOil also supported by smaller-than-expected OPEC+ output hikeEIA says oil prices to drop sharply in months ahead on rising inventories By Shariq Khan NEW YORK, Sept 9 (Reuters) - Oil prices settled higher on T...Reuters
7 hours ago
US Cash Crude-Grades slip as domestic oil stocks rise
Sept 9 (Reuters) - Crude grades broadly fell on Tuesday, dealers said, as domestic oil stocks rose.U.S. crude, gasoline and distillate stocks rose last week, market sources said, citing American Petroleum Institute figures on Tuesday.Crude stocks rose by 1.25 million barrels in the week ended Septem...Reuters
7 hours ago
