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GRAINS-Chicago soybeans, corn and wheat futures stumble on farmer sales, weekly dollar gains
Heavy farmer selling pressures futuresExports pressured by strong dollar, even as currency retreatsExport sales miss trade expectationsUpdates settlement prices, bulletsBy Renee Hickman CHICAGO, Jan 3 (Reuters) - Chicago soybean, wheat and corn futures tumbled on Friday as a flurry of farmer sale...Reuters
Fri, Jan 3
EXCLUSIVE-Biden administration issues permit for Perpetua's Idaho antimony and gold mine
By Ernest ScheyderJan 3 (Reuters) - The Biden administration on Friday issued the final mining permit for Perpetua Resources' PPTA.O antimony and gold mine in Idaho, according to two sources familiar with the matter, a move aimed at offseting China's near-total market control of a metal used widely ...Reuters
Fri, Jan 3
US winter storms could cause power outages, cut natgas supplies
Some 250 million people expected to see frigid temperatures Oil and gas well freeze-offs could hit productionTotal U.S. gas use, including exports, could hit 156.4 bcfd By Scott DiSavinoJan 3 (Reuters) - Freezing weather and snow storms across the U.S. could cause massive power outages over the next...Reuters
Fri, Jan 3
EXPLAINER-How alcohol consumption impacts cancer risk
By Nancy Lapid Jan 3 (Reuters) - The U.S. Surgeon General on Friday said all alcoholic drinks, whether beer, wine or spirits, should carry a label warning that consumption increases the risk of cancer.A link between alcohol use and cancer has been recognized at least since 1987, when the Internat...Reuters
Fri, Jan 3
CBOT corn retreats on farmer selling, dollar strength
CHICAGO, Jan 3 (Reuters) - Chicago Board of Trade corn futures fell on Friday as a flurry of farmer sales took place in the U.S. and South America, according to analysts, and the U.S. dollar headed for weekly gains. CBOT March corn CH25 settled down 8-3/4 cents at $4.50-3/4 per bushel.For the week,...Reuters
Fri, Jan 3
Goldman Sachs Sees Modest 0.3 Million Barrels Per Day Decline In Iran Crude Supply By Q2
Jan 3 (Reuters) - GOLDMAN SACHS: SAYS BASE CASE LOOKS FOR ONLY MODEST 0.3 MILLION BARRELS PER DAY (MB/D) DECLINE IN IRAN CRUDE SUPPLY TO 3¼ MB/D BY Q2 2025 AND FOR BRENT TO PEAK AT $78/BBL IN JUN-25SAYS FOLLOWING THE RECENT TIGHTENING IN SANCTIONS, ITS PREFERRED 90 DMA NOWCAST HAS DECLINED MODESTLY ...Reuters
Fri, Jan 3
ICE canola slips amid grains selloff, ends week higher
All figures in Canadian dollars unless notedWINNIPEG, Manitoba, Jan 3 (Reuters) - ICE canola futures dropped in Friday trading but were helped by a weaker Canadian dollar to avoid bigger losses like those in Chicago crops futures, rising 1.1% for the week on the March contract.* Most-traded March fu...Reuters
Fri, Jan 3
CBOT soybeans slump on farmer selling, US dollar strength
CHICAGO, Jan 3 (Reuters) - Chicago Board of Trade soybean futures fell sharply on Friday as a flurry of farmer selling took place in the U.S. and South America, and weekly gains for the U.S. dollar weighed on futures prices, analysts said. CBOT March soybeans SH25 settled down 20-1/4 cents at $9.91-...Reuters
Fri, Jan 3
UPDATE 8-Oil heads for weekly gains on colder weather, Chinese policy support
Colder weather in Europe and US expected to boost oil demandChinese economic frailties heighten hopes of further stimulus U.S. crude stockpiles fell last weekUpdates with settlement pricesBy Arathy Somasekhar HOUSTON, Jan 3 (Reuters) - Oil prices rose on Friday, closing the week higher on the...Reuters
Fri, Jan 3
UPDATE 2-US natgas prices drop 8% on milder weather forecasts, small storage draw
US weekly gas storage draw below analysts' expectationsUS LNG export feedgas on track to hit daily, monthly record highsEuropean gas prices trading at 13-month highsAdds closing pricesBy Scott DiSavino Jan 3 (Reuters) - U.S. natural gas futures plunged about 8% to a two-week low on Friday on a sm...Reuters
Fri, Jan 3
CBOT wheat tumbles on strong U.S. dollar
CHICAGO, Jan 3 (Reuters) - Chicago Board of Trade wheat futures took a dive as the U.S. dollar .DXY headed for its best weekly performance since November, said analysts.CBOT March soft red winter wheat WH25 settled down 16-1/2 cents at $5.29-1/4, having hit life-of-contract lows at $5.27-1/2. K.C. M...Reuters
Fri, Jan 3
California targets ultra-processed foods in new health initiative
Jan 3 (Reuters) - California Governor Gavin Newsom on Friday issued an executive order aiming to crack down on ultra-processed foods including packaged snacks and sugary beverages, and further investigate the health effects of synthetic food dyes.The order directs exploring the use of public funds f...Reuters
Fri, Jan 3
PRECIOUS-Gold slips from three-week high as strong dollar weighs
Bullion up 0.8% this week so farU.S. central bank projects two rate reductions in 2025 Dollar set for strongest weekly performance since mid NovemberUpdates for market closeBy Sherin Elizabeth Varghese Jan 3 (Reuters) - Gold prices retreated from a three-week high on Friday, pressured by a robust...Reuters
Fri, Jan 3
US biofuel producers ramped up in Oct as profitability improved, data shows
Renewable diesel producers utilization at 77%, highest since July - AEGISBiodiesel producers utilization rate hit 89% in Oct, highest since June 2023Better credit prices, stronger diesel demand spurred higher activity - analystBy Shariq Khan NEW YORK, Jan 3 (Reuters) - U.S. renewable diesel and b...Reuters
Fri, Jan 3
GRAINS-Chicago soybeans, corn and wheat futures stumble on farmer sales, weekly dollar gains
Corn and soybeans slump after matching earlier multi-month highsExports pressured by strong dollar, even as the currency retreatsHeavy farmer selling pressures futures Updates with U.S. tradingBy Renee Hickman CHICAGO, Jan 3 (Reuters) - Chicago soybean, wheat and corn futures tumbled on Friday as...Reuters
Fri, Jan 3
UPDATE 1-US oil and gas rigs unchanged for fourth straight week
Adds year ago numbers, paragraph 3By Scott DiSavinoJan 3 (Reuters) - U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the fourth week in a row, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an ear...Reuters
Fri, Jan 3
US oil and gas rigs unchanged for fourth straight week
By Scott DiSavinoJan 3 (Reuters) - U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the fourth week in a row, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, sta...Reuters
Fri, Jan 3
EU wheat slides with Chicago as holiday rally stalls
PARIS, Jan 3 (Reuters) - Euronext wheat fell sharply on Friday to retreat from a six-month peak as losses in Chicago grains and a rebound in the euro encouraged profit-taking after a holiday rally seen as overdone, dealers said.Benchmark March milling wheat BL2H5 on Paris-based Euronext settled 2.6%...Reuters
Fri, Jan 3
UPDATE 8-Oil heads for weekly gains on colder weather, Chinese policy support
Colder weather in Europe and US expected to boost oil demandChinese economic frailties heighten hopes of further stimulus U.S. crude stockpiles fell last weekUpdates with mid-session tradingBy Arathy Somasekhar HOUSTON, Jan 3 (Reuters) - Oil prices edged higher on Friday and were on track for wee...Reuters
Fri, Jan 3
North Sea Crude-Forties on offer
LONDON, Jan 3 (Reuters) - North Sea Forties crude differentials were stable on Friday as sellers were again looking to offload cargoes in the Platts window, albeit at slightly higher levels than in the previous session. PLATTS WINDOW* Indications are on a free-on-board (FOB) basis unless...Reuters
Fri, Jan 3
Europe Gasoline/Naphtha-Gasoline margins soften on high stocks
LONDON, Jan 3 (Reuters) - Northwest European gasoline refining profit margins fell slightly to $6.13 per barrel on Friday, weighed down by a rise in inventories and slower export demand. About 4,000 metric tons of Eurobob E5 barges traded, which BP sold to Trafigura and ExxonMobil.Shell sold 10,000...Reuters
Fri, Jan 3
METALS-Copper drifts higher on Chinese economic support pledge
Chinese economic support boosts copper despite tariff concernsLME copper up 0.8%, holding above five-month lowDollar set for strongest week in more than a monthUpdates prices at 1700 GMTBy Eric Onstad LONDON, Jan 3 (Reuters) - Copper prices held in positive territory on Friday after China pledged...Reuters
Fri, Jan 3