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TECHNICALS-CBOT soybeans to retest support at $10.07-3/4
For more technical analyses, please click SINGAPORE, April 3 (Reuters) - The CBOT soybean May contract SK25 is expected to retest support at $10.07-3/4 per bushel, as a three-wave cycle from $9.90-3/4 may have completed.The completion has been confirmed by the deep fall on April 3. Even though this ...Reuters
17 hours ago
Iron ore dips on US tariffs, but resilient steel demand caps losses
By Michele Pek SINGAPORE, April 3 (Reuters) - Iron ore futures inched lower on Thursday after U.S. President Donald Trump unveiled a broad set of reciprocal tariffs, although seasonal demand for the steelmaking ingredient helped cushion the fall. The most-traded May iron ore contract on China'...Reuters
17 hours ago
VEGOILS-Palm opens lower on weaker rival oils, crude oil prices
KUALA LUMPUR, April 3 (Reuters) - Malaysian palm oil futures fell on Thursday, set to snap a four-session rally, as weaker rival edible oils and crude oil prices following U.S President Donald Trump's imposition of tariffs on trading partners weighed on sentiment. The benchmark palm oil contract...Reuters
17 hours ago
WTI trims part of tariffs-inspired losses, finds some support near $69.00 mark
West Texas Intermediate (WTI) US Crude Oil prices extend the previous day's retracement slide from the $72.00 neighborhood, or the highest level since February 21, and attract heavy follow-through selling during the Asian session on Thursday.
Fxstreet
17 hours ago
RUBBER-Japan futures fall to near three-week low on US tariff woes
SINGAPORE, April 3 (Reuters) - Japanese rubber futures hit a near three-week low on Thursday, after U.S. President Donald Trump announced a sweeping set of tariffs, dampening the global demand outlook while widening the trade war. The Osaka Exchange (OSE) September rubber contract JRUc6, 0#2JRU: w...Reuters
18 hours ago
METALS-London copper drops as Trump's tariffs raise demand concerns
SHANGHAI, April 3 (Reuters) - Copper prices in London dropped more than 1.5% on Thursday, as sweeping reciprocal tariffs from U.S. President Donald Trump sparked concerns about global demand for metals. The benchmark three-month copper CMCU3 on the London Metal Exchange (LME) was down 1.6% at $9,54...Reuters
18 hours ago
Volkswagen to introduce 'import fee' on tariff-hit cars, WSJ reports
April 2 (Reuters) - Volkswagen VOWG.DE will introduce an "import fee" on vehicles affected by the 25% tariffs imposed by U.S. President Donald Trump, the Wall Street Journal reported on Wednesday.The German automaker also said it has temporarily halted rail shipments of vehicles from Mexico ...Reuters
18 hours ago
Volkswagen Will Add An “Import Fee” To The Stickers On Its Cars That Are Affected By 25% Vehicle Tariff- WSJ
April 2 (Reuters) - VOLKSWAGEN WILL ADD AN “IMPORT FEE” TO THE STICKERS ON ITS CARS THAT ARE AFFECTED BY THE 25% VEHICLE TARIFF- WSJVOLKSWAGEN SAID IT HAS TEMPORARILY HALTED RAIL SHIPMENTS OF VEHICLES FROM MEXICO, SAID IT WOULD HOLD AT PORT CARS ARRIVING BY SHIP FROM EUROPE -WSJSource: https://tiny...Reuters
18 hours ago
GRAINS-Chicago soy, corn, wheat futures tumble on fears of tariff retaliation
By Ella Cao and Lewis Jackson BEIJING, April 3 (Reuters) - The Chicago Board of Trade (CBOT) saw declines in grain and soybean futures on Thursday as concerns grew that the new U.S. tariffs could trigger retaliatory actions against U.S. farm products, with over 40% of U.S. soybean production sold...Reuters
18 hours ago
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, April 3 (Reuters) - Contract Target Support/Resistance Brent oil $73.77sup $72.69/$71.90Palm oil (3rd month)-sup 4,500/4,449 ringgitres 4,564/4,607 ringgitWTI* $70.86sup $69.25/$68.53Spot gold$3,177/$3,191/$3,200sup $3,139/$3,127/$3,166LME copper ...Reuters
19 hours ago
Oil sinks nearly 3% after Trump announces sweeping new tariffs
By Nicole Jao April 3 (Reuters) - Oil prices dropped $2 on Thursday after U.S. President Donald Trump announced reciprocal tariffs on trading partners, stoking concerns that a global trade war may dampen demand for crude.Brent futures LCOc1 fell $1.97, or 2.63%, to $72.98 a barrel by 0033 GMT. U....Reuters
19 hours ago
GRAINS-Chicago soy, corn, wheat futures tumble on fears of tariff retaliation
BEIJING, April 3 (Reuters) - The Chicago Board of Trade (CBOT) saw declines in grain and soybean futures on Thursday as concern grew that the new U.S. tariffs could trigger retaliatory actions against U.S. farm products, with over 40% of U.S. soybean production sold abroad.FUNDAMENTALS* The most-act...Reuters
19 hours ago
PRECIOUS-Safe-haven gold hits record peak as Trump announces sweeping tariffs
April 3(Reuters) - Gold hit a record high on Thursday, as nervous investors rushed towards safe-haven assets after U.S. President Donald Trump announced more aggressive-than-anticipated tariffs against major trading partners, widening the global trade war.FUNDAMENTALS * Spot gold XAU= was up 0.4% ...Reuters
20 hours ago
Global coal power capacity inches up in 2024, data shows
By David Stanway SINGAPORE, April 3 (Reuters) - The world's coal-fired power fleet inched up by 18.8 gigawatts in 2024, its lowest rise in two decades, but new additions in China and India continued to offset closures elsewhere, data from U.S. think tank Global Energy Monitor showed on Thurs...Reuters
20 hours ago
Nissan Motor To Suspend Part Of Production Line At Its Mexican Plant, Nikkei Says
April 3 (Reuters) - Nissan Motor Co Ltd 7201.T:NISSAN MOTOR TO SUSPEND PART OF PRODUCTION LINE AT ITS MEXICAN PLANT, NIKKEI SAYSNISSAN MOTOR TO SUSPEND PARTIAL PRODUCTION IN MEXICO AS ITS PLANNED INCREASE IN PRODUCTION WILL END, NIKKEI SAYSSource text: [ID:]Reuters
21 hours ago
COLUMN-Trump's tariffs already have a major carve-out. Oil and gas: Russell
By Clyde Russell SYDNEY, April 3 (Reuters) - Almost unnoticed in the sweeping new import tariffs announced by U.S. President Donald Trump is that energy commodities have been excluded.The baseline of 10% on all imports to the United States, and higher for many major trading partners, won't ap...Reuters
21 hours ago
Motiva aims to complete Texas refinery FCC restart by April 10, sources say
HOUSTON, April 2 (Reuters) - Motiva Enterprises MOTIV.UL plans to complete by April 10 the restart of the gasoline-producing fluidic catalytic cracker at its 626,000 barrel-per-day Port Arthur, Texas refinery, said people familiar with plant operations on Wednesday.The 81,000-bpd FCC was shut on Jan...Reuters
21 hours ago
Canada, Mexico not subject to new global rates as fentanyl tariff still in place
By Emily Green and David LjunggrenMEXICO CITY/OTTAWA, April 2 (Reuters) - Mexico and Canada avoided fresh tariffs on Wednesday with President Donald Trump exempting the United States' top trading partners from his new 10% global tariff baseline, although previous duties remain in place. Goods fr...Reuters
21 hours ago
US tariff rate rockets to 22%, highest since 1910, Fitch economist says
April 2 (Reuters) - The U.S. tariff rate on all imports has rocketed to 22% from just 2.5% in 2024 under the new global levies imposed by President Donald Trump, Fitch Ratings' U.S. economic research chief said on Wednesday."That rate was last seen around 1910," Olu Sonola, Fitch's h...Reuters
22 hours ago
COLUMN-By the numbers: The erosion of US grain export dominance: Braun
By Karen Braun NAPERVILLE, Illinois, April 2 (Reuters) - The United States was once the world’s breadbasket, commanding global grain and oilseed trade by a wide margin.The country still leads in corn exports. That title, however, has recently been threatened by Brazil, the same party that demoted...Reuters
22 hours ago
Putin envoy Dmitriev, Trump envoy Witkoff meet in Washington
Dmitriev meets with Witkoff in WashingtonWitkoff is key player in Ukraine peace effortsMeeting comes as Trump admin puts tariffs on Ukraine, spares RussiaBy Erin Banco, Humeyra Pamuk and Gleb Stolyarov WASHINGTON, April 2 (Reuters) - Russian President Vladimir Putin's investment envoy Kirill ...Reuters
22 hours ago
CANADA-CRUDE-Canadian crude at 4-1/2 year high versus WTI as tariffs rattle market
By Amanda Stephenson April 2 (Reuters) - Canadian oil producers are benefiting from the strongest demand for their product in years, as threatened U.S. tariffs and stronger sanctions against competitors such as Venezuela lifted their crude to a four-and-a-half year high versus the U.S. benchmark ...Reuters
22 hours ago
COMMODITIES-Crude oil retreats, gold rallies after Trump imposes tariffs
Trump announces 10% baseline tariffs, higher rates on someCrude oil turns negative after retaliatory tariffs announcedGrains seen extending Wednesday declines on retaliation worryBy Karl Plume CHICAGO, April 2 (Reuters) - Crude oil turned negative on Wednesday afternoon and gold scaled fresh high...Reuters
22 hours ago
Oil imports exempted from Trump’s sweeping tariffs
WASHINGTON, April 2 (Reuters) - Imports of oil, gas and refined products were exempted from U.S. President Donald Trump’s sweeping new tariffs, the White House said on Wednesday.The exemption will come as a relief to the U.S. oil industry, which had expressed concerns that new levies could disrupt f...Reuters
22 hours ago
French wine, spirits sales in US expected to fall 20% after tariff announcement
PARIS, April 2 (Reuters) - Sales of French wine and spirits are expected to slide at least 20% in the United States after U.S. President Donald Trump announced reciprocal tariffs, the French wine and spirits exporters group FEVS said on Wednesday.Trump said the United States would impose a 20% duty ...Reuters
22 hours ago