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Gold price rise as Fed minutes suggest cautious easing approach
Gold price climbed during the North American session after the United States (US) Federal Reserve (Fed) struck a neutral to slightly hawkish tone in last December meeting minutes, hinting that it “would be appropriate to slow pace of easing.” At the time of writing, XAU/USD trades at $2,659, up by 0.34%.
Fxstreet
Wed, Jan 8
UPDATE 2-US natgas futures jump 6% on rising demand, soaring Northeast spot prices
US utilities pulled less gas than usual from storage last weekAnalysts expect big storage withdrawals in coming weeks due to extreme coldCold boosts spot gas prices in Northeast to highest since Jan 2024Adds latest pricesBy Scott DiSavinoJan 8 (Reuters) - U.S. natural gas futures jumped about 6% in ...Reuters
Wed, Jan 8
TotalEnergies Texas refinery returns to normal operation, sources say
HOUSTON, Jan 8 (Reuters) - TotalEnergies' TTEF.PA 238,000 barrel-per-day (bpd) Port Arthur, Texas refinery was operating normally on Wednesday, one day after a malfunction on the coker, people familiar with plant operations said. The 60,000-bpd coker tripped out of operation on Tuesday due to a heat...Reuters
Wed, Jan 8
PRECIOUS-Gold climbs after weaker-than-expected private payrolls data
Dec Fed minutes show uncertainty about Trump policies to cloud economic outlookUS nonfarm payrolls report due on FridayFed's Waller: More cuts likely though timing depends on inflation progressUpdates for market close, Fed's minutes detailsBy Anjana Anil Jan 8 (Reuters) - Gold prices hit a near f...Reuters
Wed, Jan 8
UPDATE 1-US to build new stockpile of bird flu vaccine for poultry
USDA says new vaccines will match current virus strainCurrent outbreak has killed over 130 million birds in all 50 statesTrade risks hinder immediate vaccine deployment, Agriculture Secretary Vilsack has saidAdds impact on egg prices, paragraph 2, background, quotes on prior vaccine development in p...Reuters
Wed, Jan 8
BRIEF-USDA Says 15 Additional States Onboard With National Milk Testing Strategy For H5N1
Jan 8 (Reuters) - USDA:USDA: 15 ADDITIONAL STATES ONBOARD WITH NATIONAL MILK TESTING STRATEGY FOR H5N1USDA: NOT IMMINENTLY IMPLEMENTING VACCINATION FOR H5N1 IN ANIMALSUSDA: INTENDS SOON TO MOVE FORWARD WITH CONTRACT FOR CURRENTLY LICENSED VACCINE FOR H5N1 IN ANIMALS TO ESTABLISH A STOCKPILEUSDA: AT ...Reuters
Wed, Jan 8
UPDATE 2-US oil imports from Canada hit record ahead of tariff threat, EIA data shows
Adds analyst comment, total imports data in paragraphs 7 and 8, graphicBy Shariq Khan NEW YORK, Jan 8 (Reuters) - U.S. crude oil imports from Canada rose last week to the highest on record, data from the U.S. Energy Information Administration (EIA) showed on Wednesday, ahead of incoming U.S. pres...Reuters
Wed, Jan 8
GRAINS-Chicago grains fall on dollar gains as traders await USDA data
Updates with U.S. tradingBy Renee Hickman CHICAGO, Jan 8 (Reuters) - Chicago corn and wheat futures dipped on Wednesday as the dollar jumped on uncertainty over U.S. President-elect Donald Trump's tariff plans, and as investors squared positions and awaited supply and demand data from the U.S. De...Reuters
Wed, Jan 8
US to build new stockpile of bird flu vaccine for poultry
By Leah Douglas Jan 8 (Reuters) - The U.S. will rebuild its stockpile of bird flu vaccines for poultry matched to the current strain of the virus circulating among commercial flocks and wild birds, the Department of Agriculture said on Wednesday.The ongoing bird flu outbreak, which began in poult...Reuters
Wed, Jan 8
US Plains HRW Wheat-Basis bids rise, protein premiums flat
CHICAGO, Jan 8 (Reuters) - Basis bids for hard red winter wheat were steady to higher in the U.S. Plains states on Wednesday as costs of shipping decreased and market players awaited an upcoming set of U.S. Department of Agriculture reports. * The spot basis at an elevator in Catoosa, Oklahoma, rose...Reuters
Wed, Jan 8
CORRECTED-UPDATE 5-Wildfires rage out of control near Los Angeles, killing at least two
Corrects location of Pacific Palisades to west of Los Angeles from east of Los Angeles, paragraph 3; corrects typo in paragraph 7Wildfires rip through upscale Pacific Palisades, PasadenaStrong, dry winds fuel fire forecast to worsen Evacuations cause traffic jams, causing some to flee on footBy Jorg...Reuters
Wed, Jan 8
BRIEF-Valero Reports Unplanned Flaring At Ultramar, Wilmington, Calif. Refinery
Jan 8 (Reuters) - VALERO ENERGY CORP VLO.N VALERO REPORTS UNPLANNED FLARING AT ULTRAMAR, WILMINGTON, CALIFORNIA REFINERY SOURCE: SOUTH COAST AIR QUALITY MANAGEMENT DISTRICT FILINGCAPACITY: 85,000 BARREL-PER-DAY ((Reuters.Briefs@thomsonreuters.com))Reuters
Wed, Jan 8
World animal health body urges tighter bird flu controls after US death
By Sybille de La Hamaide PARIS, Jan 8 (Reuters) - More should be done to control the spread of bird flu among animals to avoid more cases in humans, the World Organisation for Animal Health (WOAH) said on Wednesday, following the first death of a patient from the virus in the United States.Avian ...Reuters
Wed, Jan 8
UPDATE 1-EU wheat ends flat as euro support offset by Chicago drop
Updates with the close PARIS, Jan 8 (Reuters) - Euronext wheat closed unchanged on Wednesday, with support from a weaker euro countered by lower Chicago futures in quiet trading as participants awaited U.S. government crop data, traders said.Benchmark March milling wheat BL2H5 on Paris-based Euro...Reuters
Wed, Jan 8
BRIEF-Hershey Seeks CFTC Help To Take Huge Cocoa Position In New York- Bloomberg News
Jan 8 (Reuters) - HERSHEY SEEKS CFTC HELP TO TAKE HUGE COCOA POSITION IN NEW YORK- BLOOMBERG NEWSSource: https://tinyurl.com/yeyvnc74Further company coverage: HSY.N ((Reuters.Briefs@thomsonreuters.com;))Reuters
Wed, Jan 8
CORRECTED-Greenland, gas heaters and the Gulf: Takeaways from Trump's press conference
In Jan 7 story, removes reference to a Biden ban on gas water heaters in paragraph 20 and clarifies regulation effortsTrump suggests expanding U.S., alarming global governmentsWould rename Gulf of Mexico the Gulf of AmericaExpresses sympathy for Jan. 6, 2021, Capitol riotersBy James Oliphant WASH...Reuters
Wed, Jan 8
Constellation nearing a $30 bln deal for Calpine Corp, Bloomberg News reports
Jan 8 (Reuters) - Constellation Energy CEG.O is nearing an acquisition of Calpine Corp., which would value the company around $30 billion including debt, Bloomberg News reported, citing people familiar with the matter. (Reporting by Seher Dareen in Bengaluru; Editing by Alan Barona) ((Seher.Dareen@t...Reuters
Wed, Jan 8
UPDATE 2-Alaska wildlife refuge drilling auction yields no bids, US says
Adds detail and quote from native group that opposes development of ANWR in paragraphs 9, 10; details on Alaska suing Biden administrationBy Richard Valdmanis and Timothy Gardner Jan 8 (Reuters) - The U.S. Interior Department said on Wednesday a congressionally mandated oil and gas drilling lease...Reuters
Wed, Jan 8
U.S. oil inventories at Cushing storage hub fall to lowest in a decade
HOUSTON, Jan 8 (Reuters) - U.S crude inventories at the country's flagship storage hub in Cushing, Oklahoma, fell to their lowest in over a decade amid strong refining activity and a year-end tax measure, data from the government's energy statistics arm showed on Wednesday.Stocks of oil at Cushing f...Reuters
Wed, Jan 8
EU wheat ticks up with euro support
PARIS, Jan 8 (Reuters) - European wheat futures inched up on Wednesday, underpinned by weakness in the euro in quiet trading as participants awaited U.S. government crop data for fresh direction, traders said.Benchmark March milling wheat BL2H5 on Paris-based Euronext was up 0.2% at 231.25 euros ($2...Reuters
Wed, Jan 8
