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US Plains HRW Wheat-Basis bids mostly unchanged in light trade
CHICAGO, Jan 6 (Reuters) - Basis bids for hard red winter wheat were steady to higher on Monday following a winter storm that brought snow and ice across the central Plains.* The wheat basis improved at a wheat co-operative in Goodland, Texas, though bids remained flat elsewhere.* Protein premiums f...Reuters
Mon, Jan 6
Louisiana reports first bird flu-related death in US, state agency says
WASHINGTON, Jan 6 (Reuters) - The Louisiana Department of Health said on Monday that the first U.S. patient hospitalized with H5N1 bird flu had died, noting that the patient was over 65 and had underlying medical conditions. "While the current public health risk for the general public remains low, p...Reuters
Mon, Jan 6
CBOT corn rises on dry Argentina weather, lower U.S. dollar
CHICAGO, Jan 6 (Reuters) - Chicago Board of Trade corn futures jumped on Monday as dry conditions persisted in Argentina, a major exporter of the crop, and the U.S. dollar turned lower on conflicting reports about the future of Trump tariffs. CBOT March corn CH25 settled up 7 cents at $4.57-3/4 per ...Reuters
Mon, Jan 6
UPDATE 8-Oil prices ease as weak economic data offsets higher US winter storm heating demand
US new orders for manufactured goods fell in NovemberGerman annual inflation rose more than forecast in DecemberUS winter storm boosts energy prices, demand for heatingSaudi Aramco raises crude prices for Asian buyers in FebruaryAdds closing pricesBy Scott DiSavino NEW YORK, Jan 6 (Reuters) - Oil...Reuters
Mon, Jan 6
CBOT soybeans rise on dry Argentina weather, U.S. dollar weakness
CHICAGO, Jan 6 (Reuters) - Chicago Board of Trade soybean futures climbed on Monday on dry weather conditions in Argentina and a fall in the U.S. dollar .DXY, according to analysts. CBOT March soybeans SH25 settled up 6 cents at $9.97-3/4 per bushel. CBOT March soymeal SMH25 fell $1.30 to end at $30...Reuters
Mon, Jan 6
UPDATE 1-US natural gas prices jump 10% as winter storms boost heating demand, freeze wells and pipes
Over 323,000 customers without power from winter stormsFreezing wells and pipes reduce gas outputUS LNG feedgas on track for monthly record highAdds latest pricesBy Scott DiSavino Jan 6 (Reuters) - U.S. natural gas futures soared about 10% to a one-week high in volatile trade on Monday as winter ...Reuters
Mon, Jan 6
PRECIOUS-Gold prices dip as yields rise, market girds for US economic data
Analyst expects $3,050/oz price target for gold by end of year US non-farm payrolls report due on FridayUS 10-year Treasury yields at over eight-month highUpdates for market closeBy Anjana Anil Jan 6 (Reuters) - Gold prices fell on Monday as U.S. Treasury yields rose, while the Federal Reserve's ...Reuters
Mon, Jan 6
UPDATE 2-First major US winter storm of year hammers Mid-Atlantic states
Storm causes severe travel disruptions, governors declare states of emergencyFrigid Arctic air follows, bringing freezing rain and icy conditionsOver 330,000 homes without power, nearly 1,900 flights canceledAdds Washington snowball fight, paragraphs 8-9; updates canceled flights, adds Virginia, Mar...Reuters
Mon, Jan 6
GRAINS-Chicago corn surges to June high on weaker dollar, Argentina weather
Rewrites throughout, updates prices with US tradingBy Renee Hickman CHICAGO, Jan 6 (Reuters) - Chicago Board of Trade corn futures Cv1 on Monday surged to a more than six-month high amid growing concern over dry conditions in Argentina, market analysts said.CBOT soybean futures turned higher on a...Reuters
Mon, Jan 6
UPDATE 1-Syria unable to import wheat or fuel due to US sanctions, trade minister says
Adds background, context from paragraph 5By Timour AzhariDAMASCUS, Jan 6 (Reuters) - Syria is unable to make deals to import fuel, wheat or other key goods due to strict U.S. sanctions and despite many countries, including Gulf Arab states, wanting to do so, Syria's new trade minister said.In an int...Reuters
Mon, Jan 6
Europe Gasoline/Naphtha-Gasoline margins edge higher
LONDON, Jan 6 (Reuters) - Northwest European gasoline refining profit margins edged up, while gasoline barge swap trading reflected expectations of higher prices in the coming months.About 2,000 metric tons of Eurobob E5 barges traded, which BP sold to Vitol.A further 6,000 metric tons of E10 traded...Reuters
Mon, Jan 6
EU wheat eases as euro rise outweighs Chicago gains
PARIS, Jan 6 (Reuters) - Euronext wheat fell further from a recent six-month high on Monday, as a jump in the euro against the dollar outweighed a rally in Chicago grains.Benchmark March milling wheat BL2H5 on Paris-based Euronext settled 0.8% lower at 231.25 euros ($240.04) per metric ton.It earlie...Reuters
Mon, Jan 6
Syria unable to import wheat or fuel due to U.S. sanctions, trade minister says
By Timour AzhariDAMASCUS, Jan 6 (Reuters) - Syria is unable to make deals to import fuel, wheat or other key goods due to strict U.S. sanctions on the country and despite many countries, including Gulf Arab states, wanting to do so, Syria's new trade minister said.In an interview with Reuters at his...Reuters
Mon, Jan 6
UPDATE 3-Biden to ban offshore oil, gas drilling in vast areas ahead of Trump term
Biden says ban aligns with climate change, conservation agendaBan affects 625 million acres of oceanIndustry group urges Congress to reverse decisionAdds background on coastal state opposition to offshore drilling in paragraphs 15-16 Jan 6 (Reuters) - U.S. President Joe Biden will ban new offshor...Reuters
Mon, Jan 6
BRIEF-PBF Torrance, California Refinery Reports Unplanned Flaring
Jan 6 (Reuters) - PBF Energy Inc PBF.N:REPORTS UNPLANNED FLARE EVENT AT TORRANCE, CALIFORNIA REFINERYREFINERY CAPACITY: 160,000 BARRELS PER DAYSOURCE - SOUTH COAST AIR QUALITY MANAGEMENT DISTRICT FILING ((Reuters.Briefs@thomsonreuters.com))Reuters
Mon, Jan 6
UPDATE 3-Gold miner Barrick threatens to freeze Mali operations in escalating dispute
Barrick Gold has been in dispute with Mali since 2023New legal order means seizure of Barrick stocks -sourcesMali, Burkina Faso and Niger seeking bigger revenuesSome West African countries shift focus towards Russia Adds move to seize stocks, share price fall in paragraphs 7-10By Tiemoko Diallo, Div...Reuters
Mon, Jan 6
US NYMEX natgas average daily futures, options volumes hit record highs in 2024
Jan 6 (Reuters) - Average daily volume (ADV) in U.S. natural gas futures and options on the New York Mercantile Exchange rose to record highs in 2024, data from its owner CME Group CME.O showed.In 2024, futures ADV was 516,553, up 26.5% from a year earlier. That topped the prior futures ADV annual r...Reuters
Mon, Jan 6
METALS-Copper jumps as dollar drops on report of limits on US tariffs
Updates prices LONDON, Jan 6 (Reuters) - Copper prices jumped on Monday as the dollar fell after a report said aides to U.S. President-elect Donald Trump were considering tariffs that would be applied only to critical imports, easing worries about wide-ranging levies that could trigger trade wars...Reuters
Mon, Jan 6
Power Up: Biden's final policy moves
Power Up is published on Mondays and Thursdays. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here.Jan 6 (Reuters) - By Liz HamptonEditor-In-Charge, U.S. Energy MarketsHello Power Up readers! Oil prices were holding at their highest lev...Reuters
Mon, Jan 6
UPDATE 3-Smithfield Foods first to publicly file in 2025 for big US IPO
Smithfield readies US stock market return after more than a decadeFirst company to publicly file in 2025 for a big New York IPO Morgan Stanley, BofA and Goldman Sachs tapped as lead underwritesWH Group acquired Smithfield in 2013 for $4.7 blnAdds background on Smithfield in paragraphs 6 & 7 Jan 6...Reuters
Mon, Jan 6
US Cash Grains-Soy basis up, corn bids fall as futures rise
CHICAGO, Jan 6 (Reuters) - Spot basis bids for corn fell and soy bids ticked up on Monday as futures gained strength from dry conditions in South America and a weaker U.S. dollar.* The spot basis for corn ticked down at a Nebraska elevator, Iowa processor and an Illinois river terminal.* The soy bas...Reuters
Mon, Jan 6
Libya's NOC subsidiary launches oil, gas production at Chadar field
TRIPOLI, Jan 6 (Reuters) - Libya's National Oil Corporation (NOC) said on Monday that subsidiary Zallaf for Oil and Gas Co. had started production at the Chadar field with more than 7.5 million cubic feet of associated gas per day and 1,500 barrels of crude per day.The NOC said in a statement the pr...Reuters
Mon, Jan 6
UPDATE 1-U.S. nuclear power plant outages
Adds outages tableJan 6 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW ...Reuters
Mon, Jan 6
BRIEF-Nippon Deal Never Presented Risks To National Security- CNBC Citing Sources Close To US Steel
Jan 6 (Reuters) - NIPPON DEAL NEVER PRESENTED RISKS TO NATIONAL SECURITY- CNBC CITING SOURCES CLOSES TO US STEEL US STEEL IS LASER FOCUSED ON CLOSING TRANSACTION WITH NIPPON STEEL- CNBC CITING SOURCES CLOSE TO U.S. STEELFurther company coverage: 5401.T ((Reuters.Briefs@thomsonreuters.com;))Reuters
Mon, Jan 6