News
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CIF/FOB Gulf Grain-Corn barge basis firm, soybean bids flat-lower
CHICAGO, March 31 (Reuters) - Spot basis bids for corn delivered by barge to U.S. Gulf Coast terminals were firm on Monday on good demand from exporters and elevated freight rates, traders said.* CIF soybean basis bids were flat to lower on seasonally slowing demand.* Corn export shipments remained ...Reuters
Mon, Mar 31
Motiva's FCC Unit at Port Arthur refinery to remain shut for two weeks, sources say
March 31 (Reuters) - The fluidic catalytic cracker-3 unit at Motiva Enterprises' 626,000 barrel-per-day Port Arthur, Texas, refinery is expected to remain offline for two weeks following an unsuccessful restart attempt over the weekend, sources familiar with plant operations said on Monday.Reuters
Mon, Mar 31
Miner Freeport-McMoRan lowers first-quarter gold sales forecast
March 31 (Reuters) - Miner Freeport-McMoRan FCX.N lowered its forecast for first-quarter gold sales on Monday, after shipment timing issues in Indonesia led to a deferral of a portion of its quarterly production to future periods.Freeport operates Indonesia's Grasberg, one of the world's lar...Reuters
Mon, Mar 31
LIVESTOCK-CME cattle futures fall on technical trading
CHICAGO, March 31 (Reuters) - Chicago Mercantile Exchange (CME) cattle futures fell on Monday on technical trading, according to analysts, while lean hogs were stuck trading within a tight range following the U.S. Department of Agriculture's hogs and pigs report released the previous week. Ju...Reuters
Mon, Mar 31
Duke Energy receives approval to extend operations at Oconee nuclear plant
March 31 (Reuters) - U.S. utility Duke Energy DUK.N said on Monday the Nuclear Regulatory Commission (NRC) has approved the license renewal of its Oconee nuclear station in South Carolina for another 20 years.The U.S. nuclear industry has garnered renewed interest in recent times after decades of st...Reuters
Mon, Mar 31
GRAINS-CBOT corn rises, soybeans fall with few surprises in USDA data
By Renee Hickman CHICAGO, March 31 (Reuters) - Chicago soybean futures fell on Monday as old crop stock estimates in a U.S. Department of Agriculture data release were larger than expected, according to analysts.Corn futures rose as U.S. stocks were seen close to trade estimates in the release, a...Reuters
Mon, Mar 31
Caspian Pipeline Consortium halts operations at two of three mooring points at its sea terminal
MOSCOW, March 31 (Reuters) - The Caspian Pipeline Consortium (CPC), which exports Kazakhstan's and Russia's oil from the Black Sea, announced on Monday that it had halted operations at two of its terminal's three mooring points (SPMs).CPC pipeline, which ships about 1% of world oil suppl...Reuters
Mon, Mar 31
CBOT wheat falls on lower-than-expected USDA acreage data
CHICAGO, March 31 (Reuters) - Chicago Board of Trade wheat futures rose on Monday as the U.S. Department of Agriculture said U.S. farmers plan to plant fewer acres of wheat in 2025 than analysts had expected. CBOT May soft red winter wheat WK25 settled up 8-3/4 cents at $5.37 a bushel. K.C. May ha...Reuters
Mon, Mar 31
IAM secures tentative deal for 4,900 freight rail workers
March 31 (Reuters) - The International Association of Machinists and Aerospace Workers (IAM) said on Monday it had secured a tentative deal that covers about 4,900 freight rail workers with the National Carriers' Conference Committee (NCCC), which represents U.S. freight railroads.The agreement ...Reuters
Mon, Mar 31
CBOT corn closes higher following USDA data release
CHICAGO, March 31 (Reuters) - Chicago Board of Trade corn futures firmed on Monday as the U.S. Department of Agriculture estimated U.S. farmers are preparing to increase corn plantings by 5% in 2025 to the highest in 12 years, but corn stocks fell from the previous year, in line with trade expectati...Reuters
Mon, Mar 31
US Cash Crude-Grades broadly little changed despite Trump tariff threat
March 31 (Reuters) - U.S. cash crude prices were broadly little changed on Monday, despite President Donald Trump's threat to hit buyers of Russian oil with tariffs, as most traders globally questioned the seriousness of the warning. Trump's proposal to hit buyers with a 25% to 50% tariff wo...Reuters
Mon, Mar 31
ICE canola futures ease but remain firm
WINNIPEG, Manitoba - March 31 (Reuters) - Nearby ICE canola futures edged lower Monday but were relatively stronger than soyoil or European rapeseed, while new crop months rose.• May canola RSK5 settled down 90 cents at $612.50 per metric ton. July RSN5 rose 60 cents to $618.90.• November, the first...Reuters
Mon, Mar 31
REUTERS NEXT NEWSWMAKER-Georgieva says Treasury's Bessent understands need for IMF's role
WASHINGTON, March 31 (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva said on Monday that she had a "very constructive" initial meeting with U.S. Treasury Secretary Scott Bessent and said that he understands the need for the IMF as the global lender of last reso...Reuters
Mon, Mar 31
CBOT soybean futures fall on USDA stocks, planting data
CHICAGO, March 31 (Reuters) - Chicago Board of Trade soybean futures fell on Monday as the U.S. Department of Agriculture reported that soybean stocks were up, and farmers were expected to cut their soybean acres. CBOT May soybeans SK25 settled down 8-1/4 cents to $10.14-3/4 per bushel. CBOT May soy...Reuters
Mon, Mar 31
IAM District 19 Reached Tentative Agreement With National Carriers’ Conference Committee
March 31 (Reuters) - IAM:IAM: IAM DISTRICT 19 REACHED TENTATIVE AGREEMENT COVERING ABOUT 4,900 FREIGHT RAIL MEMBERS WITH NATIONAL CARRIERS’ CONFERENCE COMMITTEEIAM: NCCC TENTATIVE AGREEMENT COVERS IAM MEMBERS AT BNSF, NORFOLK SOUTHERN, CANADIAN NATIONAL, BELT RAILWAY, TERMINAL RAIL, CONSOLIDATED RAI...Reuters
Mon, Mar 31
US natgas prices edge up 1% to 1-week high on record LNG flows, cooler forecast
US gas output on track to hit monthly record in March US LNG export feedgas set to hit monthly record in MarchUS gas inventories on track for rare build in MarchBy Scott DiSavinoMarch 31 (Reuters) - U.S. natural gas futures edged up about 1% to a one-week high on Monday on record flows to liquefied ...Reuters
Mon, Mar 31
Oil prices climb 2% to five-week high on Russia, Iran supply worries
Trump warns of possible secondary tariffs on Russian oil buyersTrump threatens Iran with bombing along with further tariffsChina manufacturing activity expanded in MarchBy Scott DiSavino March 31 (Reuters) - Oil prices climbed about 2% to a five-week high on Monday on worries supplies could decli...Reuters
Mon, Mar 31
