News
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GRAINS-Soybeans, wheat, corn set for second year of losses
Updates prices SINGAPORE, Dec 31 (Reuters) - Chicago soybean, wheat and corn futures were set for a second consecutive year of declines on Tuesday as ample world supplies added pressure on prices.Wheat prices could find some support in 2025 on worries over adverse crop weather in top exporter Rus...Reuters
Tue, Dec 31
METALS-Base metals trade mixed as positive China data counters strong dollar
By Violet Li and Mei Mei Chu SHANGHAI, Dec 31 (Reuters) - Base metals were mixed on Tuesday, the last trading session of 2024, as positive China factory activity data countered pressure from a stronger U.S. dollar.China's manufacturing activity expanded for a third straight month in December but ...Reuters
Tue, Dec 31
PRECIOUS-Gold on track for best year in over a decade
Bullion headed for its best year since 2010Trump's trade policies will be key for gold prices in 2025 - analystSilver gained over 21% so far this yearPlatinum, palladium set for annual lossesAdds comment, updates with mid-session tradingBy Rahul Paswan Dec 31 (Reuters) - Gold prices were little c...Reuters
Tue, Dec 31
Oil rises on expanding Chinese factory activity, but set to end year lower
SINGAPORE, Dec 31 (Reuters) - Oil prices rose in early trade on Tuesday after data showed China's manufacturing activity expanded in December, but for a second consecutive year oil was on track to end lower due to demand concerns in top consuming countries.Brent crude futures LCOc1 rose 47 cents, or...Reuters
Tue, Dec 31
GRAINS-Soybeans, wheat, corn set for second year of losses
SINGAPORE, Dec 31 (Reuters) - Chicago soybean, wheat and corn futures were on track for a second consecutive year of declines on Tuesday, as ample world supplies added pressure on prices.Wheat prices could find some support in 2025 on worries over adverse crop weather in top exporter Russia, while e...Reuters
Tue, Dec 31
PRECIOUS-Gold flat; en route to best year in more than a decade
Dec 31(Reuters) - Gold prices were unchanged in early Asian hours on Tuesday, the last trading day of an eventful year that saw the metal post its best annual performance in more than a decade.FUNDAMENTALS* Spot gold XAU= was flat at $2,606.07 per ounce, as of 0034 GMT. U.S. gold futures GCcv1 gaine...Reuters
Tue, Dec 31
U.S. Plains HRW Wheat-Basis steady in subdued holiday trade
CHICAGO, Dec 30 (Reuters) - Spot basis bids for hard red winter wheat held steady in the southern U.S. Plains on Monday and cash trade was quiet ahead of the New Year's Day holiday, brokers said.* K.C. HRW March wheat futures KWH25 settled up 1-1/4 cents at $5.55-3/4 per bushel, paring gains after r...Reuters
Mon, Dec 30
LIVESTOCK-CME lean hog futures fall on domestic, export demand uncertainty
CHICAGO, Dec 30 (Reuters) - Chicago Mercantile Exchange (CME) lean hog futures fell to two-month lows on Monday, hit by profit-taking and growing uncertainty over domestic and export demand in the coming months, market analysts said. CME February lean hogs LHG25 settled down 2.525 cents at 81.625 ce...Reuters
Mon, Dec 30
Pennsylvania governor complains to regulator about PJM's power market rules
NEW YORK, Dec 30 (Reuters) - Pennsylvania Governor Josh Shapiro filed a complaint with a federal energy regulator against PJM Interconnection on Monday, arguing that the largest U.S. power grid operator must change its market rules or risk soaring electricity costs.PJM Interconnection, which runs t...Reuters
Mon, Dec 30
CIF/FOB Gulf Grain-Soybean barge bids mixed; spot corn bids weaken
CHICAGO, Dec 30 (Reuters) - Spot basis bids for corn shipped by barge to U.S. Gulf Coast export terminals eased on Monday, while soy barge bids were mixed, traders said.* Empty barge freight rates turned lower on the Illinois, Ohio and parts of the Mississippi River on Monday. BG/US* Exporters sold ...Reuters
Mon, Dec 30
ICE canola futures end lower in thin trade
All figures in Canadian dollars unless notedDec 30 - ICE canola futures closed lower on Monday in thin holiday-season trade.• Most-traded March canola RSH5 settled down $3.10 at $614.10 per metric ton. Estimated volume, at 19,632 contracts, was less than half of what it was Dec. 12, the contract's b...Reuters
Mon, Dec 30
US Cash Crude-Grades little changed in light holiday season trading
Dec 30 (Reuters) - U.S. crude grades were steady on Monday in light trading during the holiday season, dealers said.WTI Midland and Mars were unchanged, while WTI at East Houston WTC-MEH, also known as MEH, eased 5 cents.State-run Indian refiner Bharat Petroleum Corp BPCL.NS will explore purchasing ...Reuters
Mon, Dec 30
UPDATE 1-ADM shareholder presses CEO to resign as criminal probe continues
Adds ADM declining to comment in paragraph 5By P.J. Huffstutter CHICAGO, Dec 30 (Reuters) - A shareholder of agribusiness Archer-Daniels-Midland ADM.N is pressing the company's CEO to resign for failing to clearly tell investors about problems with its internal accounting practices that have spar...Reuters
Mon, Dec 30
UPDATE 1-Brazil's Vale reaches $1.8 bln railway concessions deal
Adds details of the agreement in paragraphs 3-4 SAO PAULO, Dec 30 (Reuters) - Brazilian miner Vale VALE3.SA has reached an agreement with local authorities to pay up to some 11 billion reais ($1.78 billion) to renegotiate two railway concession contracts, the firm announced in a securities filing...Reuters
Mon, Dec 30
GRAINS-Corn falls on profit-taking after reaching 6-month high
Corn, soy and wheat trade both sides with year-end positioningWheat prices underpinned by Russian weather concernsCorn and soy supported by hot, dry weather in ArgentinaUpdates settlement pricesBy Renee Hickman CHICAGO, Dec 30 (Reuters) - Chicago Board of Trade corn futures turned lower on profit...Reuters
Mon, Dec 30
Vale reaches $1.8 bln agreement with Brazil authorities over railway concessions
SAO PAULO, Dec 30 (Reuters) - Brazilian miner Vale VALE3.SA said on Monday it reached an agreement with local authorities under which it would pay up to 11 billion reais ($1.78 billion) to renegotiate the contracts of two railway concessions, the firm said in a securities filing. The Brazilian gover...Reuters
Mon, Dec 30
Judge in Citgo share auction rejects bid to block Gramercy fund lawsuits
Decision is 'least bad' option available, U.S. judge writesGramercy, two others free to pursue claims in separate courts HOUSTON, Dec 30 (Reuters) - Lawsuits by three firms seeking to improve their chances of obtaining proceeds in an auction of shares in Citgo Petroleum's parent can go ahead, a...Reuters
Mon, Dec 30
