Commodities & Futures News

. Grain is loaded onto ships for export at a port on the Parana river near Rosario, Argentina, January 31, 2017. /Marcos Brindicci/File PhotoBy Hugh Bronstein and Maximilian Heath BUENOS AIRES Ships leaving the Argentine grains hub of Rosario on the Parana River are having to cut cargoes by 25% due to severely low water levels, the head of the local ports cham

. By Barani Oil managed to eke out a gain after starting the week with the worst tumble in 16 months, leaving longs in the market shaken but unscathed. What oil bulls need to hope for in coming weeks is that the consumption of U.S. gasoline does not let up in a significant way that will allow reports of Covid cases emerging from the Delta variant to usurp the demand narrative.New York-t

By Barani Gold longs, clinging by their nails to $1,800 territory, saw the yellow metal’s first weekly loss in five as it remained disconnected from expectations of steady inflation in the United States.A volatile week in risk markets which culminated in outsized gains for stocks also left safe havens such as gold sidelined.“Gold is softer as risk appetite runs wild, with the S&P 500 in

2/2Reuters. U.S. Environmental Protection Agency Administrator Michael Regan is greeted by Italy's Ecological Transition Minister Roberto Cingolani at the start of the G20 Environment, Climate and Energy Ministers' Meeting in Naples, Italy, July 22, 2021.2/2By Gavin Jones NAPLES -Energy and environment ministers from the Group of 20 rich nations have failed to agree on the wo

. Iranian Supreme Leader Ayatollah Ali Khamenei delivers a televised speech in Tehran, Iran, January 8, 2021. Official Khamenei Website/Handout via /File PhotoDUBAI -Iran's Supreme Leader Ayatollah Ali Khamenei said on Friday that people could not be blamed for protesting over water shortages, and called on officials to deal with the crisis. People have taken to

2/2Reuters. U.S. Environmental Protection Agency Administrator Michael Regan is greeted by Italy's Ecological Transition Minister Roberto Cingolani at the start of the G20 Environment, Climate and Energy Ministers' Meeting in Naples, Italy, July 22, 2021.2/2By Gavin Jones NAPLES -Energy and environment ministers from the Group of 20 rich nations have failed to agree on the wo

. Iranian Supreme Leader Ayatollah Ali Khamenei delivers a televised speech in Tehran, Iran, January 8, 2021. Official Khamenei Website/Handout via /File PhotoDUBAI -Iran's Supreme Leader Ayatollah Ali Khamenei said on Friday that people could not be blamed for protesting over water shortages, and called on officials to deal with the crisis. People have taken to

2/2Reuters. People use their mobile phones to take pictures of a collapsed building following rains in Mumbai, India, July 23, 2021. /Stringer 2/2By Rajendra Jadhav MUMBAI -At least 112 people have died in the western Indian state of Maharashtra, authorities said on Friday, after torrential monsoon rains caused landslides and flooded low-lying areas, cutting off hundreds of villag

. By Peter Nurse    -- Crude oil prices edged down Friday, holding above $70 a barrel and only marginally lower on the week after riding out a series of negative shocks.By 10:05 AM ET (1405 GMT), U.S. crude futures traded 0.4% lower at $71.62 a barrel, while the Brent contract fell 0.4% to $73.48.U.S. Gasoline RBOB Futures were down 0.1% at $2.2715 a gallon.The crude market has been very

2/2Reuters. U.S. Environmental Protection Agency Administrator Michael Regan is greeted by Italy's Ecological Transition Minister Roberto Cingolani at the start of the G20 Environment, Climate and Energy Ministers' Meeting in Naples, Italy, July 22, 2021.2/2By Gavin Jones NAPLES Energy and environment ministers from the Group of 20 rich nations have yet to agree on commitme

. Brazil’s Frost May Kill Young Coffee Trees, Hurt Crops for Years -- The severe frost that ravaged major arabica-coffee areas in Brazil earlier this week is especially deadly for young trees, which could greater losses for farmers and hurt production for years.The death of young trees increases the likelihood that the crops even two years from now will be compromised, accordin

. Assorted reef fish swim above a staghorn coral colony as it grows on the Great Barrier Reef off the coast of Cairns, Australia October 25, 2019. /Lucas Jackson/File PhotoBy Colin Packham CANBERRA The Great Barrier Reef will not be added to a list of World Heritage Sites that are "in danger" after a UN panel on Friday agreed to defer a vote until 2022 amid in

2/2Reuters. People use their mobile phones to take pictures of a collapsed building following rains in Mumbai, India, July 23, 2021. /Stringer 2/2By Rajendra Jadhav MUMBAI At least 67 people have died in the western Indian state of Maharashtra, authorities said on Friday, after torrential monsoon rains caused landslides and flooded low-lying areas, cutting off hundreds of villag

. Iranian Supreme Leader Ayatollah Ali Khamenei delivers a televised speech in Tehran, Iran, January 8, 2021. Official Khamenei Website/Handout via /File PhotoDUBAI Supreme Leader Ayatollah Ali Khamenei said on Friday that Iranians protesting over water shortages cannot be blamed, and called on officials to deal with the water problem. Street protests over wat

. By Gina – Gold was down on Friday morning in Asia, recovering from the more than one-week low hit during the previous session. Retreating U.S. bond yields and weaker-than-expected U.S. economic data also helped to counter a strengthening dollar.Gold futures inched down 0.06% to $1,804.35 by 1:09 AM ET (5:09 AM GMT), after hitting their lowest level since Jul. 12 at $1,791.16 on Thursda

. A steel worker of Germany's industrial conglomerate ThyssenKrupp AG takes a sample of raw iron from a blast furnace at Germany's largest steel factory in Duisburg, Germany, January 28, 2019. /Wolfgang RattayBy Min Zhang and Dominique Patton BEIJING -China on Friday launched an anti-dumping investigation into grain oriented flat-rolled electrical steel imported

. By Gina – Oil was down Friday morning in Asia, but held onto the bulk of a three-day advance, as optimism that rising demand will tighten the global market prevailed.Brent oil futures were down 0.37% to $73.52 by 11:24 PM ET (3:24 AM GMT). WTI futures fell 0.38% to $71.64 and was 0.3% lower in early Asian trading after rallying more than 8% in the preceding three sessions.However, both

. A steel worker of Germany's industrial conglomerate ThyssenKrupp AG takes a sample of raw iron from a blast furnace at Germany's largest steel factory in Duisburg, Germany, January 28, 2019. /Wolfgang RattayBEIJING China launched an anti-dumping investigation on grain oriented flat-rolled electrical steel imported from Japan, South Korea and the European Uni

. Oil Holds Three-Day Advance on Outlook for Tighter Global Market -- Oil held the bulk of a three-day advance to trade above $71 a barrel on optimism that rising demand will tighten the global market.West Texas Intermediate was 0.3% lower in early Asian trading after rallying more than 8% in the preceding three sessions. The run of gains means prices are little changed on the we

. By Peter Nurse    -- Crude oil prices pushed higher Thursday, trading back above $70 a barrel and helped by a broader market rally which has recently outweighed concerns about the impact on energy demand from the rise in global Covid cases.By 10:05 AM ET (1405 GMT), U.S. crude futures traded 0.4% higher at $70.58 a barrel, while the Brent contract rose 0.4% to $72.51.U.S. Gasoline RBOB

. German Chancellor Angela Merkel holds her annual summer news conference in Berlin, Germany, July 22, 2021. /Hannibal Hanschke/PoolBy Madeline Chambers BERLIN Germany's Angela Merkel made clear on Thursday she would keep working on issues such as climate change till her last day as chancellor but, inscrutable as ever, gave little away about her plans once she leaves offi

5/5Reuters. A crude oil tanker is docked at Isla Oil Refinery PDVSA terminal in Willemstad on the island of Curacao, February 22, 2019. /Henry Romero/File Photo2/5By Jonathan Saul, Chen Aizhu and Marianna Parraga LONDON/SINGAPORE/MEXICO CITY A Chinese logistics firm has emerged as a central player in the supply of sanctioned oil from Iran and Venezuela, even after it

. A container terminal is seen in the port of Rotterdam, the Netherlands, March 21, 2016. /Michael Kooren/File PhotoAMSTERDAM Freight volumes in the port of Rotterdam rose 5.8% on a yearly basis in the first half of 2021, as international trade recovered from its coronavirus slump, Europe's largest sea port said on Thursday. Traffic took a big hit from COVID-1

. By Gina – Oil was down Thursday morning in Asia, as the U.S. Energy Information Administration (EIA) confirmed a surprise build in U.S. crude oil supplies and soaring COVID-19 cases globally dampen the fuel demand outlook. However, the black liquid held on to most of its gains from the previous session over expectations that supplies will remain tight through the end of 2021.Brent oil

. By Gina – Gold was down on Thursday morning in Asia, remaining close to a one-week low. A strengthening dollar and increasing risk appetite as concerns over surging COVID-19 cases abated, both decreasing the yellow metal’s appeal to investors.Gold futures edged down 0.20% to $1,799.80 by 1:21 AM ET (5:21 AM GMT) after hitting its lowest level since Jul. 12 during the previous session