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EU wheat breaches 200 euro floor as supply pressure builds
PARIS/HAMBURG, June 10 (Reuters) - Benchmark wheat prices on Euronext fell below the psychological 200 euro floor on Tuesday to a contract low as improving crop prospects in the Northern Hemisphere reinforced expectations of ample supply and export competition next season, traders said.September mil...Reuters
Tue, Jun 10
US natgas output and demand to hit record highs in 2025, EIA says
By Scott DiSavinoJune 10 (Reuters) - U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.EIA projected dry gas production will rise from 103.2 billion cubic feet per day (b...Reuters
Tue, Jun 10
Europe Gasoline/Naphtha-Gasoline profit margins inch lower
LONDON, June 10 (Reuters) - Northwest European gasoline profit margins edged lower to $14.16 a barrel on Tuesday despite lower volumes.6,000 metric tons of Eurobob E5 barges traded in the Argus window, with Shell selling to Glencore.A further 4,000 tons of Eurobob E10 barges traded, with Gunvor and ...Reuters
Tue, Jun 10
China's vice president visits Spain as mutual courtship blossoms
MADRID, June 10 (Reuters) - China's Vice President Han Zheng arrived in Spain on Tuesday for a four-day trip during which he will meet with King Felipe and Prime Minister Pedro Sanchez, a further sign of increasingly close economic and political ties.Han's visit is taking place two months af...Reuters
Tue, Jun 10
Africa Energy sees first output from South Africa's largest gas field by 2033
By Wendell Roelf CAPE TOWN, June 10 (Reuters) - Canada-listed Africa Energy Corp AFE.V is aiming to start production from South Africa's largest gas discovery by 2033, its CEO said on Tuesday, as it forges ahead with a project former operator TotalEnergies walked away from.The company is awai...Reuters
Tue, Jun 10
Outokumpu Announces Updated Financial Targets And Dividend Policy
June 10 (Reuters) - Outokumpu Oyj OUT1V.HE:OUTOKUMPU ANNOUNCES ITS NEW STRATEGY, EVOLVE, TO DRIVE GROWTH AND SHAREHOLDER VALUE, WITH UPDATED FINANCIAL TARGETS AND DIVIDEND POLICYOUTOKUMPU OYJ - TO INVEST EUR 200 MILLION IN NEW LINE IN FINLANDOUTOKUMPU OYJ - TO CLOSE TWO LINES IN KREFELD, GERMANYOUTO...Reuters
Tue, Jun 10
US Cash Grains-Soybean and corn bids mostly steady to up
CHICAGO, June 10 (Reuters) - Spot soybean and corn basis bids were mostly steady to higher at U.S. Midwest river terminals, grain elevators and processing facilities on Tuesday, according to a spot check of locations.The soybean basis improved by 5 cents at a processor in Morristown, Indiana.The cor...Reuters
Tue, Jun 10
US Senate should ease provisions for clean-energy tax credits, Republican senator says
WASHINGTON, June 10 (Reuters) - The U.S. Senate should make changes to House budget reconciliation bill provisions that phase out clean-energy tax credits, including easing start-date requirements, Republican Senator John Curtis of Utah said on Tuesday.Curtis, one of a handful of Senate Republicans ...Reuters
Tue, Jun 10
US Senate should ease start date requirement for clean energy tax credits, Republican senator says
WASHINGTON, June 10 (Reuters) - The U.S. Senate should make changes to House budget reconciliation bill provisions that phase out clean energy tax credits, including easing start-date requirements, said Republican Senator John Curtis on Tuesday.Curtis, one of a handful of Senate Republicans who have...Reuters
Tue, Jun 10
NextEra CEO says renewables needed as bridge to expanding gas power
By Valerie VolcoviciWASHINGTON, June 10 (Reuters) - Renewable energy sources like wind and solar power are needed to meet rapidly growing energy demand in the United States amid near-term obstacles to increasing natural gas capacity, said NextEra CEO John Ketchum on Tuesday. The head of the Florida...Reuters
Tue, Jun 10
US natural gas prices slide 2% to 1-week low on lower demand forecasts
Premium of gas futures for November over October rises to highest since 2023Daily gas output on track to drop to four-month lowStorage injections seen at 100+ bcf for record-tying seventh week in a rowBy Scott DiSavino June 10 (Reuters) - U.S. natural gas futures slid about 2% to a one-week low o...Reuters
Tue, Jun 10
Oil Price Forecast: WTI crude extends upside above $64.00 on improved US-China relations
West Texas Intermediate (WTI) crude Oil price is trading higher on Tuesday, extending its upward move for the fourth consecutive day, and supported by ongoing optimism around the second day of US–China trade talks in London.
Fxstreet
Tue, Jun 10
European Commission unveils 18th package of Russia sanctions aimed at energy, military
BRUSSELS, June 10 (Reuters) - The European Commission has proposed an 18th package of sanctions against Russia for its invasion of Ukraine, aimed at Moscow's energy revenues and military industry, European Commission President Ursula von der Leyen said on Tuesday. The new package proposes bannin...Reuters
Tue, Jun 10
CBOT Trends-Wheat down 4-6 cents, corn steady-down 1 cent, soy up 1-4 cents
CHICAGO, June 10 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Tuesday: WHEAT - Down 4 to 6 cents per bushelCBOT wheat fell on improved U.S. crop condition ratings and an upward rev...Reuters
Tue, Jun 10
Abiove Keeps Soymeal Production Forecast For Season At 44.1 Million Tns
June 10 (Reuters) - BRAZIL OILSEED LOBBY ABIOVE KEEPS 2024/25 SOYBEAN OUTPUT FORECAST AT 169.7 MILLION TNSABIOVE KEEPS SOYBEAN EXPORT FORECAST THIS SEASON AT 108.2 MILLION TNSABIOVE KEEPS SOYOIL PRODUCTION FORECAST AT 11.45 MILLION TNS FOR SEASONABIOVE KEEPS SOYBEAN CRUSHING FORECAST FOR SEASON AT 5...Reuters
Tue, Jun 10
HPQ, Novacium, And Pragma Industries Sign Agreement For Commercial And Industrial Green Hydrogen Production Using METAGENE Technology
June 10 (Reuters) - HPQ Silicon Inc HPQ.V:HPQ, NOVACIUM, AND PRAGMA INDUSTRIES SIGN AGREEMENT FOR COMMERCIAL AND INDUSTRIAL GREEN HYDROGEN PRODUCTION USING METAGENE™ TECHNOLOGYHPQ SILICON INC - AGREEMENT SIGNED IN APRIL 2025 CONTAINS NO MATERIAL TERMSReuters
Tue, Jun 10
GRAINS-Wheat and corn slip again on supply pressure, soybeans steady
Start of Northern Hemisphere harvest weighs down Chicago wheatFocus on U.S.-China trade talks for direction in soybean marketBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, June 10 (Reuters) - Chicago wheat and corn futures fell for a second session on Tuesday, with corn setting a new 2025 low...Reuters
Tue, Jun 10
RPT-COLUMN-No rush for US energy as Asia's imports slip under Trump: Russell
By Clyde Russell LAUNCESTON, Australia, June 10 (Reuters) - Asian countries aren't rushing to buy U.S. energy commodities, even though lifting imports of crude oil, liquefied natural gas and coal will help meet President Donald Trump's demand for lower trade surpluses.While rare earths ma...Reuters
Tue, Jun 10
