Soybeans and corn gain with oil, yet head for weekly declines
Soy, corn and wheat edged up as crude rallied, but ample global supply keeps both grain markets on track for weekly losses, Reuters reports.
2 sources · Reuters
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Soy, corn and wheat edged up as crude rallied, but ample global supply keeps both grain markets on track for weekly losses, Reuters reports.
2 sources · Reuters
Corn hit its lowest since early July and soybeans their lowest since mid-August, while wheat fell as investors watched Russia-Ukraine peace talks, per Reuters.
1 source · Reuters
CBOT soybeans recovered from a near 11-week low while wheat and corn stayed near four-month bottoms on hopes for bigger Russian wheat shipments.
1 source · Reuters
According to three sources cited by Reuters, OPEC+ has agreed in principle to hold its December oil output targets unchanged at a Sunday meeting.
1 source · Reuters
Gold fell to its lowest level since October 2025 and silver dropped under $50 an ounce. Higher oil prices and expectations of sustained high Fed rates are weighing on metals.
1 source · Seeking Alpha
Earnings from Amazon and Intel deepened a tech sell-off, with the Nasdaq down over 2%. Crypto weakened after a $6.3 billion Binance hack, and oil rose, per WSJ.
2 sources · WSJ
CBOT wheat rose 0.4% after touching its lowest since early July, as Russia let grain ships leave the Sea of Azov under permits valid to November 15, Reuters reports.
2 sources · Reuters
Aluminium rose on LME and SHFE as warehouse stocks fell and supply concerns grew, while copper was mixed before the Fed decision, per Reuters.
2 sources · Reuters
Moody's analysis says US diesel tightness and Venezuelan crude needs, not just diplomacy, explain Washington's interest in India's refining role.
1 source · Moody's
The Financial Times reports Washington and Moscow are discussing a return of big US energy companies to Russia's oil market as part of talks to end the war.
1 source · FT
In a Barron's guest column, two economists say relief on Russian diesel will barely move prices. The bigger problem is lost global refining capacity.
1 source · Barrons.com
Two traders forecast Baltic and Black Sea crude shipments to drop by 0.1-0.2 million bpd as refineries resume and Novorossiysk faces delays.
1 source · Reuters
The 50% tariff on Canadian aluminum has lifted US prices to a record premium over global benchmarks, according to The Wall Street Journal.
1 source · WSJ
Chicago corn and wheat futures slip as the US harvest speeds up and hopes grow for Black Sea grain exports, Reuters reports.
3 sources · Reuters
Euronext wheat dropped to a two-month low after reports of Russia-Turkey contacts on Black Sea grain shipping, Reuters said.
2 sources · Reuters
Goldman Sachs sees fuel markets staying tight into 2027 on delayed refinery repairs, low Asian stocks and costly tanker freight, Market Talk reports.
1 source · Market Talk
Gold and silver slid to multi-month lows as oil rose and inflation fears mounted, according to Seeking Alpha. Markets are pricing in a possible Fed hike.
1 source · Seeking Alpha
CBOT soybeans are steady as US harvest pressure offsets Chinese demand, while corn and wheat edge higher and Argentina lifts its wheat forecast.
1 source · Reuters
CBOT wheat fell to a 14-week low after US envoy Witkoff met Putin in St. Petersburg. Grain traders are watching for progress toward a ceasefire.
1 source · Seeking Alpha
CBOT wheat futures dropped to a more than three-month low on Tuesday amid technical selling and fund liquidation, according to Reuters data.
1 source · Reuters