Latest Commodities News

Reuters - 18 minutes ago

US corn ratings tick lower after Midwest floods, soy steady

UPDATE 1-US corn ratings tick lower after Midwest floods, soy steady Recasts with release of USDA data By Julie Ingwersen CHICAGO, July 1 (Reuters) - The condition of the U.S. corn crop deteriorated in the latest week while national soybean ratings held steady after floods swamped portions of the northwestern Midwest, U.S. government data released on Monday showed.

Reuters - 39 minutes ago

Export Summary-Saudi Arabia buys wheat

Export Summary-Saudi Arabia buys wheat CHICAGO, July 1 (Reuters) - Snapshot of the global export markets for grains, oilseeds and edible oils as reported by government and private sources as of the end of business on Monday: WHEAT PURCHASE: Saudi Arabia's main state wheat buying agency, the General Food Security Authority (GFSA), on Monday purchased around 235,000 metric tons of hard wheat in an international tender, the agency said.

Reuters - 44 minutes ago

Venezuela's June oil exports almost unchanged at 760,000 bpd

Venezuela's June oil exports almost unchanged at 760,000 bpd By Marianna Parraga and Mircely Guanipa HOUSTON, July 1 (Reuters) - Venezuela's June oil exports were largely flat at around 760,000 barrels per day (bpd) as U.S. licenses supported half of month's shipments to destinations in the U.S. and Europe, according to shipping data and documents.

Reuters - 54 minutes ago

US yields bite, China enjoys rare surprise

MORNING BID ASIA-US yields bite, China enjoys rare surprise By Jamie McGeever July 2 (Reuters) - A look at the day ahead in Asian markets. Asia lagged what was a pretty solid start to the new quarter for global stocks on Monday, and the steep rise in U.S. Treasury yields suggests it will be difficult session again on Tuesday for regional equities and emerging assets more broadly.

Reuters - 57 minutes ago

Wheat rises with Russian crop uncertainty

GRAINS-Wheat rises with Russian crop uncertainty Wheat up as Russia uncertainty spurs short covering Corn falls on positive weather outlook Soy up on demand uptick and short covering Updates with closing prices, crop progress data By Heather Schlitz CHICAGO, July 1 (Reuters) - Chicago wheat futures rose on Monday as traders covered short positions on uncertainty over the size of Russia's wheat crop, while comparatively cheap prices enticed bargain buying, traders said.

Reuters - 59 minutes ago

Texas governor looks to double state energy fund to $10 billion

Texas governor looks to double state energy fund to $10 billion July 1 (Reuters) - Texas Governor Greg Abbott and Lieutenant Governor Dan Patrick said on Monday they will seek to expand the Texas Energy Fund program to $10 billion to build more natural gas plants to meet the state's growing demand for electricity. The statement said Texas currently has about 85,000 megawatts of power available including wind, solar, coal, nuclear and natural gas, but may need 150,000 megawatts by 2030. The fund

Reuters - 1 hour ago

US Cash Crude-Grades stable as WTI/Brent spread narrows to most in a month

US Cash Crude-Grades stable as WTI/Brent spread narrows to most in a month July 1 (Reuters) - Physically traded domestic crude grades largely held steady on Monday, dealers said, even as the spread between West Texas Intermediate (WTI) and Brent narrowed to its most in a month. Mars Sour WTC-MRS and WTI Midland WTC-WTM each fell 5 cents. The Brent/WTI spread WTCLc1-LCOc1 narrowed to as high as minus $4.24, the smallest spread since May 31. Meanwhile, U.S.

Reuters - 1 hour ago

CME cattle futures down amid concerns over packer demand

LIVESTOCK-CME cattle futures down amid concerns over packer demand By Heather Schlitz CHICAGO, July 1 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures fell on Monday on expectations for a seasonal dip in demand for livestock from meatpackers, traders said. Packers slaughtered an estimated 115,000 cattle, down from 119,000 on Friday and unchanged from a week ago, according to U.S.

Reuters - 2 hours ago

DR Congo's Gecamines opposes sale of cobalt miner Chemaf

UPDATE 1-DR Congo's Gecamines opposes sale of cobalt miner Chemaf Adds Chemaf response in paragraph 4 July 1 (Reuters) - Democratic Republic of Congo's state miner Gecamines said on Monday it would not approve the sale of cobalt miner Chemaf SA and its Congolese assets to Chinese miner Norin Mining. Gecamines leases these assets to Chemaf, which on Thursday said it had agreed a sale to a unit of Chinese state-backed China North Industries Corp (Norinco) [ CNIGC.UL ] to settle debts largely funde

Reuters - 2 hours ago

World stocks, US yields gain after French election results

GLOBAL MARKETS-World stocks, US yields gain after French election results Wall Street indexes finish higher Europe's STOXX adds 0.32% Oil prices rise 2% to two-month high U.S. dollar, safe-haven gold advance Investors await Fed June meeting minutes, non-farm payrolls data Updates with U.S. markets close, oil settlement By Chibuike Oguh NEW YORK, July 1 (Reuters) - Global stocks edged higher in choppy trading on Monday, while U.S.

Reuters - 2 hours ago

Latin American currencies slip as markets assess business activity data

EMERGING MARKETS-Latin American currencies slip as markets assess business activity data Chile's economic activity up 1.1% in May, below forecasts Brazil's Petrobras hikes jet fuel prices by 3.2% Latin American stocks down 0.5%, currencies off 1% Updated at 03:42 p.m. ET/1942 GMT By Johann M Cherian and Shristi Achar A July 1 (Reuters) - Currencies across most resource-rich Latin American countries edged lower on Monday following weaker-than-expected data from the region's major economies, while

Reuters - 2 hours ago

Cannabis businesses lose court challenge to US marijuana ban

Cannabis businesses lose court challenge to US marijuana ban By Nate Raymond BOSTON, July 1 (Reuters) - A federal judge on Monday dismissed a lawsuit by several Massachusetts cannabis businesses who argued the federal prohibition on marijuana is unconstitutional, saying only the U.S. Supreme Court could overturn its 2005 ruling upholding the law. Cannabis businesses represented by prominent litigator David Boies had urged U.S.

Reuters - 2 hours ago

Asia Morning Call-Global Markets

UPDATE 1-Asia Morning Call-Global Markets July 2 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 7,750.70 −16.80 NZX 50** 11,789.39 +71.96 DJIA 39,169.52 +50.66 NIKKEI** 39,631.06 +47.98 Nasdaq 17,879.3 146.70 FTSE** 8,166.76 2.64 S&P 500 5,475.09 +14.61 Hang Seng** 17,718.61 2.14 SPI 200 Fut 7,721.00 -23.00 STI** 3,338.57 5.77 SSEC** 2,994.73 27.33 KOSPI** 2,804.31 +6.49 ---------------------------------------------------------------------------------------- Bonds Bond

Reuters - 2 hours ago

Turkey mediating Somalia-Ethiopia talks on port deal

UPDATE 1-Turkey mediating Somalia-Ethiopia talks on port deal Updates with Turkish foreign ministry comment, adds joint statement in paragraphs 4-6, Turkish source's comment in paragraph 15 By Giulia Paravicini and Tuvan Gumrukcu July 1 (Reuters) - Turkey has begun mediating talks between Somalia and Ethiopia over a port deal Addis Ababa signed with the breakaway region of Somaliland earlier this year, Ankara and four officials familiar with the matter said.

Reuters - 3 hours ago

NY grocer Gristedes to spend millions to settle US greenhouse gas charges

NY grocer Gristedes to spend millions to settle US greenhouse gas charges By Jonathan Stempel NEW YORK, July 1 (Reuters) - The New York supermarket chain Gristedes will pay a $400,000 civil fine and spend $13.5 million on repairs and upgrades to settle charges that its store refrigerators emitted far more greenhouse gases than rivals' refrigerators, the U.S.

Reuters - 3 hours ago

CBOT soybeans rise on renewed Chinese buying, fewer US acres

CBOT soybeans rise on renewed Chinese buying, fewer US acres CHICAGO, July 1 (Reuters) - Chicago Board of Trade (CBOT) most active soybean Sv1 futures rose on Monday as traders and analysts said top importer China is likely to import record volumes of soybeans in July. China has booked higher volumes in recent weeks, traders and analysts said, drawn by lower prices and the prospect of Donald Trump returning as president and reigniting trade tensions between Beijing and the U.S., they said.

Reuters - 3 hours ago

Red Sea disruptions to continue into Q3, Maersk CEO says

UPDATE 1-Red Sea disruptions to continue into Q3, Maersk CEO says Adds detail on expectations in paragraph 5 COPENHAGEN, July 1 (Reuters) - The coming months will be challenging for carriers and businesses, as disruptions to container shipping via the Red Sea continue into the third quarter, Danish shipping company Maersk MAERSKb.CO said on Monday.

Reuters - 3 hours ago

CBOT wheat futures rise with Russian crop uncertainty

CBOT wheat futures rise with Russian crop uncertainty CHICAGO, July 1 (Reuters) - Chicago Board of Trade wheat futures Wv1 rose on Monday as uncertainty over the size of Russia's fraught wheat crop spurred traders to cover their short positions while cheap prices enticed bargain buying, traders said. CBOT September soft red winter wheat WU24 settled up 16-3/4 cents at $5.90-1/4. K.C.

Reuters - 3 hours ago

Red Sea disruptions to continue into Q3, Maersk CEO says

Red Sea disruptions to continue into Q3, Maersk CEO says COPENHAGEN, July 1 (Reuters) - The coming months will be challenging for carriers and businesses, as disruptions to container shipping via the Red Sea continue into the third quarter, Danish shipping company Maersk MAERSKb.CO said on Monday. Maersk and other shipping companies have diverted vessels around Africa's Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in the Red Sea, with the longer voyage times

Reuters - 3 hours ago

CBOT corn down as US weather and acreage numbers weigh

CBOT corn down as US weather and acreage numbers weigh CHICAGO, July 1 (Reuters) - Chicago Board of Trade corn futures Cv1 edged down on Monday on beneficial weather forecasted for the U.S. Midwest and prolonged fallout from the U.S. Department of Agriculture's Friday acreage report that showed farmers had planted more corn than expected. CBOT September corn CU24 settled down 1/2 cent at $4.07 per bushel, after falling below $4.00 a bushel on Friday.

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