News
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US Cash Crude-Inland grades firm as winter storm sweeps through country
Jan 6 (Reuters) - Inland domestic crude grades strengthened on Monday as a winter storm marched across the United States. The first major winter storm of the New Year barreled into the U.S. mid-Atlantic states on Monday, closing federal offices and public schools in Washington, D.C., after dumping a...Reuters
Mon, Jan 6
UPDATE 1-Canada's Suncor says oil and gas production rose in fourth quarter
Adds details throughout Jan 6 (Reuters) - Canadian oil and gas company Suncor SU.TO said on Monday it saw higher upstream production and throughput at its refineries in the fourth quarter.The Calgary, Alberta-based company's upstream quarterly production rose to 874,000 barrels per day (bpd) from...Reuters
Mon, Jan 6
GRAINS-Chicago corn surges to six-month high on weaker dollar, Argentina weather
Corn, soy climb on dry weather in ArgentinaA slide in the U.S. dollar supports Chicago grainsWheat rebounds on a technical reversalUpdates with settlement prices, adds bulletsBy Renee Hickman CHICAGO, Jan 6 (Reuters) - Chicago Board of Trade corn futures Cv1 on Monday surged to a more than six-mo...Reuters
Mon, Jan 6
CIF/FOB Gulf Grain-Soybean, corn barge bids steady as Chicago futures rally
CHICAGO, Jan 6 (Reuters) - Spot basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals were generally steady on Monday amid light trade interest and as grain and oilseed futures rallied, traders said.* Chicago Board of Trade corn futures Cv1 surged to a more than six-month hi...Reuters
Mon, Jan 6
Alberta daily canola price as of Jan 6
Jan 6 (Reuters) - Closing Canola Average Prices (per tonne, in Canadian dollars) as of Jan. 06 2025: Region Jan.06 Jan.03 Jan. 02Peace 580.96 578.53 575.47 North Alta 592.81 590.70 588.49 South Alta 600.09 597.42 596.88 (Bengaluru Commodities Des...Reuters
Mon, Jan 6
CBOT wheat bounces on technical trading, weak dollar
CHICAGO, Jan 6 (Reuters) - Chicago Board of Trade wheat futures rebounded on Monday on a technical correction and a dive in the U.S. dollar, according to analysts. CBOT March soft red winter wheat WH25 settled up 11-1/4 cents at $5.40-1/2 a bushel. K.C. March hard red winter wheat KWH25 ended up 14-...Reuters
Mon, Jan 6
ICE canola firmed despite political, dollar drama
All figures in Canadian dollars unless notedWINNIPEG, Manitoba, Jan 6 (Reuters) - ICE canola futures rose slightly on Monday on tight supplies, even as the resignation announcement of Canada's prime minister, a slump in the U.S. dollar and a slew of other outside factors unsettled markets, traders s...Reuters
Mon, Jan 6
Hedge funds' net shorts on US two-year futures hit lowest since Sept, CFTC data shows
NEW YORK, Jan 6 (Reuters) - Leveraged or hedge funds reduced their net short positioning on U.S. Treasury two-year futures in the latest week, cutting them to the smallest level since September, according to data from the Commodity Futures Trading Commission released on Monday.CFTC data showed that ...Reuters
Mon, Jan 6
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