News
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CBOT corn ends lower in range-bound trade
CHICAGO, Dec 10 (Reuters) - Chicago Board of Trade corn futures ended lower on Wednesday on spillover weakness from wheat and a lack of supportive news, traders said. CBOT March corn CH26 settled down 3-3/4 cents at $4.44-1/4 per bushel but stayed inside Tuesday's trading range. The U.S. Energy...Reuters
Wed, Dec 10
Judge rejects Trump administration bid to toss California high-speed rail suit
Rail project to link Los Angeles and San FranciscoTrump administration cancels $4 billion-plus in grants By David ShepardsonDec 10 (Reuters) - A U.S. judge rejected on Wednesday a bid by President Donald Trump's administration to throw out a lawsuit filed by a California agency to challenge the ...Reuters
Wed, Dec 10
Ford suppliers receive China's new streamlined rare-earth licenses
China issues rare-earth licenses to Ford suppliersNew system stems from Xi-Trump meetingGerman automakers excluded in first issuanceBy Lewis Jackson and Nora Eckert Dec 10 (Reuters) - Chinese rare-earth magnet suppliers to U.S. automaker Ford Motor F.N were included in the first batch of new expo...Reuters
Wed, Dec 10
CBOT soybeans rally from multi-week lows on fresh export sales
CHICAGO, Dec 10 (Reuters) - Chicago Board of Trade soybean futures closed higher on Wednesday as news of fresh U.S. soybean export sales helped the market to bounce after hitting multi-week lows, traders said.CBOT January soybeans SF26 settled up 4 cents at $10.91-1/4 per bushel, rebounding after a ...Reuters
Wed, Dec 10
Oil settles higher after US seizes tanker off Venezuela's coast
US seized oil tanker near Venezuela, officials saySeizure adds to concerns about immediate supplies, analysts sayUS Fed cuts interest rates by 25 basis pointsUS crude stocks fell less than expected last week, EIA data showsBy Shariq Khan NEW YORK, Dec 10 (Reuters) - Oil prices settled higher ...Reuters
Wed, Dec 10
CBOT wheat ends lower, pressured by ample world supplies
CHICAGO, Dec 10 (Reuters) - Chicago Board of Trade wheat futures fell about 1% on Wednesday, with the benchmark contract hitting its lowest level since late October on reminders of rising global supplies of the food grain, analysts said.CBOT March soft red winter wheat WH26 settled down 5 cents at $...Reuters
Wed, Dec 10
Chevron Reports Mechanical Issue At One Of Its Process Units At El Segundo, CA Refinery
Dec 10 (Reuters) - CHEVRON CORP CVX.N:REPORTS MECHANICAL ISSUE AT ONE OF ITS PROCESS UNITS ON DEC. 9 RESULTING IN THE INTERMITTENT USE OF ONE OF THE FACILITY’S SAFETY FLARES AT EL SEGUNDO, CA REFINERYCAPACITY: 285,000 BARRELS PER DAYRELATED: nFWN3XG00GReuters
Wed, Dec 10
Peru is weighing agreement with US on critical minerals, minister says
LIMA, Dec 10 (Reuters) - Peru is evaluating a "memorandum of understanding" with the United States on critical minerals, foreign minister Hugo de Zela told journalists on Wednesday. He noted that the U.S. has shown a strong interest in critical minerals in Peru, the world's third-largest...Reuters
Wed, Dec 10
GRAINS-Wheat futures slide on rising world production estimates
By Julie Ingwersen CHICAGO, Dec 10 (Reuters) - U.S. wheat futures fell more than 1% on Wednesday to their lowest since late October on reminders of rising global supplies of the food grain, analysts said. Corn futures also sagged while soybean futures rebounded from multi-week lows, buoyed in...Reuters
Wed, Dec 10
US natural gas futures edge up on increased demand and near-record LNG exports
Gas flows to LNG export plants near record highWaha Hub prices fall into negative territory due to pipeline constraintsNear-record gas output allows for increased storage levelsMeteorologists project mild US weather through late DecemberGlobal gas prices at 19-month lows on Ukraine peace talks, mild...Reuters
Wed, Dec 10
Turning screws on Russia should not impact legitimate maritime sector, say Cyprus and Malta
NICOSIA, Dec 10 (Reuters) - Discussions on the need to tighten sanctions on Russia, including the possibility of a blanket ban on providing maritime services, should not be at the expense of legitimate businesses in the industry, key EU shipping nations Cyprus and Malta said.Reuters
Wed, Dec 10
REFILE-Trump administration seizes oil tanker off Venezuela coast, US officials say
WASHINGTON, Dec 10 (Reuters) - President Donald Trump's administration has seized an oil tanker off the coast of Venezuela, two U.S. officials told Reuters on Wednesday.The officials, who were speaking on the condition of anonymity, said the operation was led by the U.S. Coast Guard. They did no...Reuters
Wed, Dec 10
Gold jumps after Fed rate cut, XAU/USD extends gains on dovish guidance
Gold (XAU/USD) prices rise during the North American session after the Federal Reserve decided to cut rates as expected. At the time of writing XAU/USD trades volatile, between $4,190-$4,220 posting losses of over 0.25%.
Fxstreet
Wed, Dec 10
US Cash Grains-Soybean and corn bids steady in quiet trade
CHICAGO, Dec 10 (Reuters) - Spot soybean and corn basis bids were mostly steady in the U.S. Midwest on Wednesday as trade remained mostly quiet, dealers reported. The U.S. Department of Agriculture left its U.S. soybean export forecast unchanged in a monthly report on Tuesday as sales resumed to Chi...Reuters
Wed, Dec 10
Ukraine disables 'shadow fleet' vessel with sea drones in Black Sea
Tanker is third struck by Ukrainian sea drones in last two weeks Ukraine trying to reduce Russian oil revenue fuelling war effortRussia has threatened to retaliate, calls attacks piracy By Tom Balmforth and Jonathan SaulLONDON, Dec 10 (Reuters) - Ukrainian sea drones on Wednesday hit and disabled a ...Reuters
Wed, Dec 10
Ford suppliers receive China's new streamlined rare-earth licences
China issues rare-earth licences to Ford suppliersNew system stems from Xi-Trump meetingGerman automakers excluded in first issuanceBy Lewis Jackson and Nora Eckert Dec 10 - Chinese rare-earth magnet suppliers to U.S. automaker Ford Motor F.N were included in the first batch of new export licence...Reuters
Wed, Dec 10
US Plains HRW Wheat-Basis bids unchanged in muted trade
CHICAGO, Dec 10 (Reuters) - Spot basis bids for hard red winter wheat were unchanged in the U.S. Plains states on Wednesday as selling remained slow.There are some winterkill risks in parts of the U.S. Midwest, but snow cover in most areas has been sufficient. The U.S. wheat crop is in dormancy.Chic...Reuters
Wed, Dec 10
WTI steadies ahead of Fed decision after EIA reports 1.8M barrel draw
West Texas Intermediate (WTI) Crude Oil steadies on Wednesday, trimming part of its earlier losses as traders react to the latest US Energy Information Administration (EIA) report. At the time of writing, WTI is trading around $58.00, rebounding after hitting an intraday low of $57.54.
Fxstreet
Wed, Dec 10
Europe Gasoline/Naphtha-Gasoline crack spreads widen
LONDON, Dec 10 (Reuters) - Northwest European gasoline refinery profit margins rose by 79 cents to $15.76 a barrel on Wednesday, as U.S. inventories rose last week according to data from the Energy Information Administration (EIA). About 6,000 metric tons of Eurobob E5 gasoline traded on barges on W...Reuters
Wed, Dec 10
Judge rejects US bid to toss California high-speed rail lawsuit
WASHINGTON, Dec 10 - A U.S. judge Wednesday rejected the Justice Department's bid to toss out a lawsuit filed by California to challenge the move by President Donald Trump's administration to cancel more than $4 billion in federal grants for the state's high-speed rail project. The Calif...Reuters
Wed, Dec 10
