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LIVESTOCK-CME cattle futures gain as corn costs plunge
By Karl Plume CHICAGO, Jan 12 (Reuters) - Chicago Mercantile Exchange cattle futures climbed on Monday after the U.S. Department of Agriculture said the country's record-large feed corn harvest would be even bigger than expected and as the stock market scaled to fresh highs, traders said.Conc...Reuters
Mon, Jan 12
US urges partners and allies to increase critical minerals supply chain resiliency
By Kanishka Singh WASHINGTON, Jan 12 (Reuters) - U.S. Treasury Secretary Scott Bessent held a meeting on Monday with ministers from different U.S. partners and allies, urging those nations to increase their supply chain resiliency, the Treasury Department said.Bessent hosted his counterparts in W...Reuters
Mon, Jan 12
CIF/FOB Gulf Grain-Soybean barge basis higher in nearby loadings, corn basis flat-to-lower
CHICAGO, Jan 12 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were higher on Monday, following gains last week, as weakness in the U.S. dollar and a slump in futures could help bolster export demand, traders said.CIF corn basis values were flat-to-lower as supplie...Reuters
Mon, Jan 12
Ormat Technologies Signs 20-Year Ppa With Switch For ~13Mw Of Carbon-Free Geothermal Capacity To Power Data Centers
Jan 12 (Reuters) - Ormat Technologies Inc ORA.N:ORMAT TECHNOLOGIES SIGNS 20-YEAR PPA WITH SWITCH FOR ~13MW OF CARBON-FREE GEOTHERMAL CAPACITY TO POWER DATA CENTERSORMAT TECHNOLOGIES INC - ENERGY DELIVERIES TO START IN Q1 2030 AFTER UPGRADE TO SALT WELLS POWER PLANTReuters
Mon, Jan 12
Two supertankers depart Venezuelan waters carrying oil, Tankertrackers.com says
HOUSTON, Jan 12 (Reuters) - At least two supertankers, which are not under sanctions, were departing Venezuelan waters on Monday from state-run PDVSA's Amuay anchorage area carrying crude, monitoring service Tankertrackers.com said.Their destinations remain unclear.Reuters
Mon, Jan 12
US urges partners and allies to increase critical minerals supply chain resiliency
WASHINGTON, Jan 12 (Reuters) - U.S. Treasury Secretary Scott Bessent held a meeting on Monday with ministers from different U.S. partners and allies "to discuss solutions to secure and diversify supply chains for critical minerals, especially rare earth elements," the Treasury Department sai...Reuters
Mon, Jan 12
CANADA-CRUDE-Discount on Western Canada Select narrows
Jan 12 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 narrowed on Monday.WCS for February delivery in Hardisty, Alberta, settled at $14.35 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $14.80 a...Reuters
Mon, Jan 12
General Dynamics' unit wins $988 million US Navy contract
Jan 12 (Reuters) - General Dynamics GD.N said on Monday that its information technology unit has secured a $988 million contract to modernize the U.S. Navy's fleet systems.The contract, awarded in December, has a one-year base period, four one-year options and a six-month option.The Navy's c...Reuters
Mon, Jan 12
Diamondback Energy flags lower prices for oil production in fourth quarter
Diamondback signals lower prices for oil produced in Q4Company flags prices received for natgas production were slightly lower in Q4By Pooja Menon Jan 12 (Reuters) - U.S. shale producer Diamondback Energy FANG.O on Monday flagged lower prices for its oil production in the fourth quarter, compare...Reuters
Mon, Jan 12
Iran appears to have released Greek tanker St. Nikolas seized in 2024, vessel monitoring service says
Jan 12 (Reuters) - Iran appears to have released the St. Nikolas, a Greek-owned Suezmax tanker it seized in January 2024, vessel monitoring service Tanker Trackers said on Monday.Iran seized the tanker, which was carrying Iraqi crude destined for Turkey, in retaliation for the 2023 U.S. confiscation...Reuters
Mon, Jan 12
Ørsted Says US Federal Court Grants Preliminary Injunction Allowing Revolution Wind Construction To Resume
Jan 12 (Reuters) - Oersted A/S ORSTED.CO:ØRSTED A/S US FEDERAL COURT GRANTS PRELIMINARY INJUNCTION ALLOWING REVOLUTION WIND CONSTRUCTION TO RESUMEORSTED: PROJECT WILL RESUME CONSTRUCTION WORK AS SOON AS POSSIBLEReuters
Mon, Jan 12
Ukraine awards state-owned lithium project to Dobra Lithium Holdings, prime minister says
Jan 12 (Reuters) - Ukraine awarded development rights for the Dobra lithium deposit in the Kirovohrad region to Dobra Lithium Holdings under a production sharing agreement, Prime Minister Yulia Svyrydenko said on Monday.Dobra’s shareholders are TechMet and Rock Holdings, and the project is expected ...Reuters
Mon, Jan 12
US Cash Grains-Corn basis flat-down, stocks set December 1 record
CHICAGO, Jan 12 (Reuters) - Basis bids for corn were steady to slightly weaker at grain elevators and processors in the U.S. Midwest on Monday.Farmers were expected to keep their crops in storage following a steep setback in prices, a trader said.Futures sank after the U.S. Department of Agriculture...Reuters
Mon, Jan 12
Supertankers sailing to pick up Venezuelan oil for China make U-turns, ship data shows
The ships were intended to load oil for paying debt service to ChinaVitol, Trafigura readying first cargoes of $2 billion supply dealChina last year accounted for three-quarters of Venezuela's total oil exportsBy Marianna Parraga HOUSTON, Jan 12 (Reuters) - Two China-flagged supertankers that...Reuters
Mon, Jan 12
Italy seeks over $8 billion in damages from ArcelorMittal over ILVA steelworks, FT reports
Jan 12 (Reuters) - The state-appointed administrators of Acciaierie d’Italia's steel plants are seeking 7 billion euros ($8.17 billion) in damages from its former owner ArcelorMittal MT.LU, the Financial Times reported on Monday.As the government seeks a new buyer for the steelmaker, Acciai...Reuters
Mon, Jan 12
US judge rules Orsted can continue work on Rhode Island offshore wind project
Jan 12 (Reuters) - A federal judge on Monday cleared Danish offshore wind developer Orsted ORSTED.CO to resume work on its nearly finished Revolution Wind project, which U.S. President Donald Trump's administration halted along with four other projects last month.The ruling by U.S. District Judg...Reuters
Mon, Jan 12
US oil lobby group backs repeal of climate rule for vehicles, not power plants
By Valerie VolcoviciWASHINGTON, Jan 12 (Reuters) - The American Petroleum Institute supports the Environmental Protection Agency's proposal to repeal the foundation of greenhouse gas regulations for vehicles but not for power plants and other stationary industrial facilities, its president said ...Reuters
Mon, Jan 12
CBOT wheat ends lower on ample supplies, weakness in corn futures
CHICAGO, Jan 12 (Reuters) - Chicago Board of Trade wheat futures closed lower on Monday on reminders of rising global supplies and spillover weakness from 5% slide in corn futures after the U.S. Department of Agriculture raised its estimate of the nation's corn harvest, traders said. CBOT March...Reuters
Mon, Jan 12
US Plains HRW Wheat-Basis flat, USDA estimates winter wheat area
CHICAGO, Jan 12 (Reuters) - Basis bids for hard red winter wheat were flat in the southern U.S. Plains on Monday, dealers said, as the U.S. Department of Agriculture estimated that plantings were about unchanged for harvest this year.Farmers planted 23.5 million acres of hard red winter wheat for ha...Reuters
Mon, Jan 12
