News
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Manhattan drivers face $9 fee in first such US effort to fight gridlock
Cars pay only once a dayApplies to Manhattan zone south of 60th StreetProjected to raise $500 million in first year Traffic has slowed to 7 mph on average due to congestionBy David ShepardsonWASHINGTON, Jan 6 (Reuters) - New York City drivers on Monday had to pay $9 to enter Manhattan under the firs...Reuters
Mon, Jan 6
US Gulf Coast fuel oil imports hit record low as Latam deliveries slow
By Georgina McCartney HOUSTON, Jan 6 (Reuters) - Fuel oil deliveries into America's largest refining hub on the U.S. Gulf Coast fell to a record low in December, according to data from ship tracker Kpler, as Latin American supplies dried up. WHY IT'S IMPORTANTThe drop in fuel oil imports comes as...Reuters
Mon, Jan 6
CANADA-CRUDE-Discount on Western Canada Select heavy crude narrows
Jan 6 (Reuters) - The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed on Monday:* WCS for February delivery in Hardisty, Alberta, settled at $11.85 a barrel under the WTI benchmark, according to brokerage CalRock, having ...Reuters
Mon, Jan 6
LIVESTOCK-CME cattle futures rise as packers seek inventory
By Renee HickmanCHICAGO, Jan 6 (Reuters) - Chicago Mercantile Exchange cattle futures moved higher on Monday as meat packers continued to struggle to find cattle for slaughter, according to market analysts. CME February live cattle futures LCG25 ended up 1.150 cents at 195.200 cents per pound, havin...Reuters
Mon, Jan 6
Another US-China trade war may drop US soybean prices below $9/bushel, Rabobank says
By Karl PlumeCHICAGO, Jan 6 (Reuters) - U.S. soybean prices could slump below $9 a bushel, well below farmers' cost of production and the lowest since 2020, if President-elect Donald Trump's threatened tariffs spark another trade war with China, analysts with Rabobank said.The trade war could allow ...Reuters
Mon, Jan 6
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
