News
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SOFTS-Cocoa prices fall with demand seen remaining weak
NEW YORK, Jan 9 (Reuters) - New York cocoa futures fell sharply on Friday, with next week's European grind data expected to show that demand remains weak, while sugar and arabica coffee were also lower. COCOANew York cocoa CCc1 settled down $732, or 12%, at $5,345 a ton.Traders noted fo...Reuters
Fri, Jan 9
Trump pushes 'drill baby drill' agenda to Venezuela, hurts producers at home
Trump aims for $50 oil, below profitable level for U.S. producersVenezuelan oil redirection to pressure U.S. shale marginsU.S. refineries to benefit from Venezuelan oil influxBy Georgina McCartney and Arathy Somasekhar HOUSTON, Jan 9 - U.S. oil producers already reeling from low oil prices are fa...Reuters
Fri, Jan 9
US Plains HRW Wheat-Basis unchanged in slow trade
CHICAGO, Jan 9 (Reuters) - Basis bids for hard red winter wheat were flat in U.S. Plains states on Friday in a slow trade as market players eyed crop conditions and awaited key crop reports that will be released on Monday. Market players await several key crop reports due from the USDA on Monday, in...Reuters
Fri, Jan 9
Trump says US seized oil tanker which departed Venezuela without approval
Jan 9 (Reuters) - President Donald Trump said on Friday the United States and Venezuelan authorities seized an oil tanker which departed Venezuela without their approval."This tanker is now on its way back to Venezuela, and the oil will be sold through the GREAT Energy Deal, which we have create...Reuters
Fri, Jan 9
CBOT corn closes nearly flat before USDA releases crop data
Jan 9 (Reuters) - Chicago Board of Trade corn futures finished nearly flat on Friday as traders adjusted positions before the U.S. Department of Agriculture was slated to issue crop data on Monday.Analysts on average expect the USDA will trim its estimates for U.S. corn production and yields from No...Reuters
Fri, Jan 9
Oil gains as market weighs Iran, Russia supply risks; dealmaking for Venezuela in focus
Iran unrest, Russia-Ukraine war raise supply concernsGlobal inventories rise, oversupply may limit price gainsWhite House to meet oil firms to discuss VenezuelaBy Nicole Jao NEW YORK, Jan 9 (Reuters) - Oil prices rose 2% on Friday on growing supply worries linked to intensifying protests in oil-p...Reuters
Fri, Jan 9
US natural gas futures drop 7% to 12-week low on mild weather forecasts
Mild weather forecasts reduce heating demand expectationsMarch-April spread shows traders not worried about gas storageWaha Hub prices remain negative due to pipeline constraintsBy Scott DiSavino NEW YORK, Jan 9 (Reuters) - U.S. natural gas futures fell about 7% to a 12-week low on Friday on ...Reuters
Fri, Jan 9
US Cash Grains-Soy basis steady, corn mixed as market awaits WASDE
CHICAGO, Jan 9 (Reuters) - Basis bids for corn were mixed and soybeans were steady in the U.S. Midwest on Friday as market players awaited the release of highly anticipated U.S. Department of Agriculture reports on Monday.Market players have been reluctant to make big moves ahead of the set of USDA ...Reuters
Fri, Jan 9
Ukrainian nationals aboard seized tanker Bella-1, ambassador says
Jan 9 (Reuters) - Ukraine's ambassador to the United States was quoted as saying on Friday that Ukrainian nationals were among members of the crew of the Russian-flagged tanker Bella-1, seized this week by U.S. forces.Olha Stefanishyna, quoted by the Interfax Ukraine news agency, said Ukrainian ...Reuters
Fri, Jan 9
Softbank Group And OpenAI Invest $1 Billion In SB Energy To Build And Operate AI Data Centers
Jan 9 (Reuters) - SB Energy:OPENAI AND SOFTBANK GROUP PARTNER WITH SB ENERGY TO BUILD AND OPERATE NEXT-GENERATION AI DATA CENTERS TO ADVANCE STARGATESB ENERGY: SOFTBANK GROUP AND OPENAI INVEST $1 BILLION IN SB ENERGYSB ENERGY: OPENAI SIGNS 1.2 GW DATA CENTER LEASE FOR INITIAL DATA CENTER BUILDOUTSB ...Reuters
Fri, Jan 9
US drillers cut oil and gas rigs for first time in three weeks, Baker Hughes says
By Scott DiSavino NEW YORK, Jan 9 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, an early indic...Reuters
Fri, Jan 9
GRAINS-Soybean futures rise with China's demand in focus
By Tom Polansek CHICAGO, Jan 9 (Reuters) - Chicago Board of Trade soybean futures rose on Friday and were on track for a weekly gain, bolstered by higher oil prices and continued Chinese demand for U.S. supplies. Wheat and corn futures were nearly unchanged after reaching their highest levels in ...Reuters
Fri, Jan 9
India's Reliance in talks for US permit to buy Venezuelan oil, sources say
Reliance imported 63,000 bpd from Venezuela under US licenses in first four months of 2025Indian refiner open to buying Venezuelan crude if sales to non-US buyers are permittedReliance's Gujarat refineries can process heavy Venezuelan crudeBy Nidhi Verma and Marianna Parraga NEW DELHI/HOUSTON...Reuters
Fri, Jan 9
US Cash Grains-Soy basis higher, corn mixed ahead of WASDE
CHICAGO, Jan 9 (Reuters) - Spot basis bids for soybeans were steady to higher, while corn bids were mixed in the U.S. Midwest on Friday, as market players awaited U.S. Department of Agriculture data on global supplies and demand due on January 12. Among other data, they will examine quarterly U.S. g...Reuters
Fri, Jan 9
US drillers cut oil and gas rigs for first time in three weeks, Baker Hughes says
NEW YORK, Jan 9 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.Reuters
Fri, Jan 9
Gold rockets above $4,500, set for 4% weekly gain post US NFP
Gold price rises on Friday, poised to end with weekly gains of nearly 4% as an employment report in the US was mixed, with the economy adding fewer jobs than projected. Still, the Unemployment Rate ticked lower, yet investors are still betting the Federal Reserve (Fed) to cut rates this year.
Fxstreet
Fri, Jan 9
EU states back record South America trade accord after 25 years
Deal aims to offset US tariffs, reduce reliance on ChinaFrance opposes deal due to impact on domestic farmersAccord will still require European Parliament's approvalSafeguards include import controls, crisis fund for farmersBy Philip Blenkinsop BRUSSELS, Jan 9 (Reuters) - EU states gave the g...Reuters
Fri, Jan 9
Euronext wheat pauses as attention turns to USDA data
PARIS, Jan 9 (Reuters) - Euronext wheat was little changed on Friday after touching a six-week high a day earlier, with the market looking ahead to widely tracked U.S. crop estimates on Monday, traders said.March milling wheat BL2H6, the most-active position on Euronext's Paris-based futures, wa...Reuters
Fri, Jan 9
Med crude-Differentials end week stable
LONDON, Jan 9 (Reuters) - Urals and Caspian crude oil differentials ended the week steady, as price discussions were muted by public holidays in Russia and neighbouring countries throughout the week, as well as ongoing maintenance at the CPC terminal.Traders will be looking closely for developments ...Reuters
Fri, Jan 9
