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TECHNICALS-CBOT corn may retrace into $4.42-3/4 to $4.44-3/4 range
SINGAPORE, March 2 (Reuters) - CBOT corn CK26 may retrace into a range of $4.42-3/4 to $4.44-3/4 per bushel, following its failure to break a key resistance at $4.51-1/2.The failure suggests a completion of a wave C from $4.34. Another bearish reading is that bulls failed to maintain the price above...Reuters
23 minutes ago
PRECIOUS-Gold climbs as US-Israel strikes on Iran spark safe-haven demand
By Ashitha Shivaprasad and Kavya Balaraman March 2 (Reuters) - Gold XAU= prices rose on Monday after the U.S. and Israel launched major strikes on Iran that killed Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty. Spot gold XAU= was...Reuters
40 minutes ago
Small fire under control at Saudi Aramco refinery after apparent drone strike, Semafor reports
March 2 (Reuters) - A small, isolated fire is under control at Saudi Aramco's 2222.SE Ras Tanura refining facility following what appeared to be a drone strike earlier in the morning, a Semafor reporter said in a post on X on Monday citing sources.Reuters
44 minutes ago
TECHNICALS-CBOT soybeans biased to climb to $11.89-3/4
For more technical analyses, please click SINGAPORE, March 2 (Reuters) - The CBOT soybean May contract SK26 is biased to climb to $11.89-3/4 per bushel, as suggested by a projection analysis.The contract has briefly pierced above the 238.2% projection level of $11.78-1/2. It is highly likely to exte...Reuters
51 minutes ago
Oil surges as Iran conflict disrupts Middle Eastern supply flow
Oil prices surged by as much as 13% on Monday after shipping in the crucial Strait of Hormuz was disrupted by retaliatory Iranian attacks following initial bombing by Israel and the United States that killed Iranian Supreme Leader Ali Khamenei.Reuters
59 minutes ago
RPT-ROI-US copper mountain still growing after December import surge: Andy Home
By Andy Home LONDON, Feb 27 (Reuters) - The huge premium for delivering physical copper to the United States may have gone but the tariff trade tailwinds are still blowing hard. U.S. imports of refined metal appeared to be waning after the White House pushed back a decision on imposing tariffs in...Reuters
an hour ago
PRECIOUS-Gold climbs as US-Israel strikes on Iran spark safe-haven demand
March 2 (Reuters) - Gold XAU= prices rose on Monday after the U.S. and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty.Reuters
2 hours ago
Iran conflict disrupts some Middle East oil, fuel assessments from reporting agency Platts
SINGAPORE, March 2 (Reuters) - Oil price reporting agency S&P Global Platts is suspending bids and offers for price assessments of Middle East refined products that transit the Strait of Hormuz because of shipping disruptions from the U.S.-Iran conflict, the company said in a note to subscri...Reuters
2 hours ago
GRAINS-Chicago wheat pulls back from recent peak on improved US weather; soy, corn slip
BEIJING, March 2 (Reuters) - Chicago wheat futures eased on Monday as improving U.S. weather conditions reduced concerns over crop stress, prompting prices to retreat from a one-month high reached in the previous session.The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 dropped...Reuters
3 hours ago
PRESS DIGEST-British Business - March 2
March 2 (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- Private equity firm Blackstone BX.N has put 100 million pounds ($134.44 million) into OurHouse, which runs two hi...Reuters
3 hours ago
Oil prices expected to stay high for days, all eyes on Strait of Hormuz flows
March 2 (Reuters) - Analysts expect oil prices to remain elevated over the coming days with conflict escalating in the Middle East, as they assess the impact to supplies, especially flows through the Strait of Hormuz, a conduit for more than 20% of global oil.Crude futures surged more than 8% on Mon...Reuters
5 hours ago
PRECIOUS-Gold climbs as US-Israel strikes on Iran spark safe-haven demand
By Ashitha Shivaprasad and Kavya Balaraman March 2 (Reuters) - Gold XAU= prices rose on Monday after the U.S. and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty. Spot gold XAU= was up...Reuters
5 hours ago
Japan has not yet decided on oil stockpile release
TOKYO, March 2 (Reuters) - Japan's government has made no decision so far on the release of crude oil stockpiles following the U.S. and Israeli attacks on Iran, an official with Japan's Ministry of Economy, Trade and Industry said on Monday.There has been no request so far for international ...Reuters
6 hours ago
U.S.-Iran Conflict Escalation Triggers Market Volatility. International Oil Prices Surge, Gold Safe-Haven Demand Rises
TradingKey - On Monday, crude oil prices in Asian markets surged as tensions in the Middle East continued to escalate following joint military strikes by the U.S. and Israel against Iran. International benchmark Brent crude jumped approximately 13% at the open, hitting an intraday high of $82 per barrel before paring some of those gains.
GRAINS-Chicago soybeans gain on rising soyoil prices; wheat slips
BEIJING, March 2 (Reuters) - Chicago soybean futures rose on Monday, tracking gains in soyoil prices after crude oil climbed amid an ongoing military conflict in the Middle East.However, a record soybean harvest in Brazil and an uncertain demand from China kept the gains in check.Wheat pulled back f...Reuters
6 hours ago
TECHNICALS-US oil to revisit June 23 high of $78.40
For more technical analyses, click SINGAPORE, March 2 (Reuters) - U.S. oil CLc1 is expected to revisit its June 23 high of $78.40 per barrel due to a major breakout on Monday.The contract has broken a long-term trendline falling from the March 2022 high of $124.23. The break signals a reversal of th...Reuters
6 hours ago
Japan's Itochu says oil, product supplies from the Gulf impacted by attacks on Iran
TOKYO, March 2 (Reuters) - Japanese trading house Itochu 8001.T has started to experience "some impact" on shipments of its crude oil and petroleum products from the Gulf as several ports there have been affected by fallout from the U.S. and Israeli attacks on Iran, it said in emailed statem...Reuters
6 hours ago
PRECIOUS-Gold climbs 2% as US-Israel strikes on Iran raise regional temperature
March 2 (Reuters) - Gold XAU= prices rose as much as 2% on Monday after the U.S. and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty.Reuters
7 hours ago
PRECIOUS-Gold rises 1% as US-Israel strikes on Iran raise regional temperature
By Ashitha Shivaprasad March 2 (Reuters) - Gold XAU= prices rose more than 1% on Monday after the U.S. and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty. Spot gold XAU= was up 1.35% ...Reuters
7 hours ago
