News
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US Cash Grains-Soy, corn basis steady-mixed as farmer selling eases
CHICAGO, March 12 (Reuters) - Basis bids for corn and soybeans were flat to mixed in the U.S. Midwest on Thursday as a wave of farmer selling that began early in the week petered out, though futures continued to rise.Farmers had earlier taken advantage of a massive rally in agricultural commodities ...Reuters
Thu, Mar 12
Russia condemns Trump comments on 'takeover' of Cuba
MOSCOW, March 12 (Reuters) - Russia condemned on Thursday what it called blackmail and threats by U.S. President Donald Trump to initiate a "takeover" of Cuba, a traditional ally of Moscow.Russian Foreign Ministry spokeswoman Maria Zakharova said Moscow would provide all possible political a...Reuters
Thu, Mar 12
Iran's Supreme Leader Mojtaba Khamenei says Strait of Hormuz should remain shut
DUBAI, March 12 (Reuters) - Iranian Supreme Leader Mojtaba Khamenei said on Thursday the Strait of Hormuz should remain closed as a tool of pressure.In a message read out by a state TV broadcaster, the first the new supreme leader has issued since he was appointed to succeed his slain father, Mojtab...Reuters
Thu, Mar 12
Induction stoves fly off shelves in India as gas shortage fears spark panic buying
By Praveen Paramasivam CHENNAI, March 12 (Reuters) - Indian households are rushing to buy electric induction stoves, draining stocks online and in stores, amid fears of a potential cooking gas shortage tied to the Middle East conflict.India, the world's second-largest importer of liquefied p...Reuters
Thu, Mar 12
Romania announces state aid scheme for transporters of cargo and passengers
BUCHAREST, March 12 (Reuters) - Romania plans to partially offset gasoline prices for road transporters of cargo and passengers until April 2027 as part of a 652 million lei ($147.56 million) state aid scheme, the finance ministry said on Thursday. The support scheme will benefit an estimated 6200 f...Reuters
Thu, Mar 12
PRECIOUS-Gold steadies as safe-haven flows offset strong dollar and reduced rate‑cut bets
Oil tankers burn after Iranian strikesUS dollar up for third straight session BMI expects silver to average $93/oz in 2026By Ashitha Shivaprasad March 12 (Reuters) - Gold prices held nearly steady on Thursday, as support from safe-haven demand was offset by a stronger dollar and reduced expectati...Reuters
Thu, Mar 12
ANALYSIS-Helium prices soar as Qatar LNG halt exposes fragile supply chain
By Arunima Kumar, Sumit Saha and Toby Sterling March 12 (Reuters) - Disruptions to Qatar's natural gas processing from the Iran war have driven helium prices sharply higher, exposing the fragility of a small but critical market that supports industries from semiconductors to medical imaging. ...Reuters
Thu, Mar 12
CBOT Trends-Wheat up 7-9 cents, corn up 3-5, soybeans up 5-15
CHICAGO, March 12 (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 Thursday: WHEAT - Up 7 to 9 cents per bushelWheat turned higher on the escalating U.S.-Israel war with Iran. Wheat is...Reuters
Thu, Mar 12
US signals SPR swaps amid Hormuz tension, Oil prices remain supported
In interviews with CNBC and CNN reported by Reuters, US Energy Secretary Chris Wright said that any release of Oil from the Strategic Petroleum Reserve (SPR) would likely take the form of swaps, designed to address short-term supply disruptions without direct costs to taxpayers.
Fxstreet
Thu, Mar 12
Silver: Chinese demand offsets Western caution – TD Securities
TD Securities Senior Commodity Strategist Daniel Ghali notes that Shanghai silver arbitrage signals strong Chinese demand, contrasting with cautious Western investors after the Iran conflict. London OTC markets are still absorbing flows and lease rates point to better availability.
Fxstreet
Thu, Mar 12
Iraq to keep crude output at 1.4 million bpd amid Hormuz tensions, oil minister says
DUBAI, March 12 (Reuters) - Iraq has decided to continue producing crude oil at a level of 1.4 million barrels per day, Oil Minister Hayan Abdel-Ghani said on Thursday, according to its state news agency.The minister said that 200,000 barrels per day are being transported via reservoirs through Turk...Reuters
Thu, Mar 12
RPT-ROI-Crude oil futures separate from reality as Asia physical market buckles: Russell
By Clyde Russell LAUNCESTON, Australia, March 12 (Reuters) - Crude oil futures prices are reflecting a view that the market can successfully navigate the Iran war, while prices for physical cargoes and refined products are signalling an imminent crisis.Only one of these price signals is corre...Reuters
Thu, Mar 12
US sues California over zero emission vehicle, greenhouse gas rules
WASHINGTON, March 12 (Reuters) - The Trump administration on Thursday sued the state of California, claiming the state's zero-emission vehicle and tailpipe greenhouse gas emissions rules are illegal and preempted by federal law.The U.S. Transportation Department sued the California Air Resources...Reuters
Thu, Mar 12
RPT-Iranian oil flows through Strait of Hormuz even as Gulf neighbors' exports shut
Iran exported 13.7 million bbls of crude since attacks, tanker tracker saysTrump's White House has not responded to request for commentMany big crude tankers still loading at major Iranian port, satellite images showBy Shariq Khan, Jonathan Saul and Arathy Somasekhar NEW YORK/LONDON/HOUSTON, ...Reuters
Thu, Mar 12
Gold trades sideways as traders weigh geopolitics and Fed outlook
Gold (XAU/USD) recovers earlier losses and trades broadly flat on Thursday as the US Dollar (USD) pauses its intraday advance and Treasury yields ease somewhat after rising earlier this week. At the time of writing, XAU/USD trades around $5,170, rebounding from intraday lows near $5,125.
Fxstreet
Thu, Mar 12
India boosts LPG imports from US, Norway as Gulf supplies tighten
India's LPG imports now include US, Norway, Canada, and Russia, minister saysIndia's crude supply secure with 70% non-Hormuz imports, he saysBiomass, kerosene, coal allowed as alternate fuels for hospitality sectorPanic over LPG supply driven by consumer anxiety, not actual shortage, he says...Reuters
Thu, Mar 12
EU requests mission to inspect Druzhba oil pipeline in Ukraine
PARIS, March 12 (Reuters) - The European Union has proposed a mission to inspect the Druzhba oil pipeline in Ukraine, and is waiting for a reply from Ukraine on this request, a spokesperson for the EU Commission said on Thursday."We have proposed a mission to inspect the Druzhba pipeline in Ukra...Reuters
Thu, Mar 12
Czechs discussing 1.5 bcm LNG deal with US, minister says
PRAGUE, March 12 (Reuters) - The Czech Republic is in talks with the United States for the supply of 1.5 billion cubic metres of liquefied natural gas, the industry minister was quoted as saying on Thursday by Hospodarske Noviny.Like other countries in central and eastern Europe, the Czech Republic ...Reuters
Thu, Mar 12
GRAINS-Soybeans extend gains with crude as Mideast war continues
Crude oil rise supports soybean, wheat, and corn pricesIranian attacks heighten fears of prolonged Middle East conflictInvestors await U.S. export sales data and Chinese demand signals BEIJING/PARIS, March 12 (Reuters) - Chicago soybean futures rose for a third consecutive session on Thursday, as...Reuters
Thu, Mar 12
