News
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CIF/FOB Gulf Grain-Soybean, corn barge bids flat to down
CHICAGO, March 24 (Reuters) - Spot basis bids for soybeans and corn delivered by barge to the U.S. Gulf Coast were flat to lower on Monday, traders said.* Farmer selling remains slow, and limited supplies at the Gulf are keeping the CIF market inverted, particularly for soybeans. Barges for March ar...Reuters
Mon, Mar 24
US Cash Crude-Grades ease on second full day of roll trade, refining demand slips
March 24 (Reuters) - U.S. crude oil differentials fell on Monday, the second full day of the cash roll period that traders use to square their positions, dealers said.The roll trade period, which traders use to adjust slates, began on Thursday afternoon and will continue for three full days. Trading...Reuters
Mon, Mar 24
CBOT wheat dives on Ukraine talks, dollar strength
March 24 (Reuters) - Chicago Board of Trade wheat futures slumped as the U.S. and Russia continued talks over Russia's war in Ukraine and a strong dollar weighed on futures. CBOT May soft red winter wheat WK25 settled down 10 cents at $5.48-1/4 a bushel. K.C. May hard red winter wheat KWK25 ende...Reuters
Mon, Mar 24
CBOT soybeans ease as investors watch tariff developments
March 24 (Reuters) - Chicago Board of Trade soybean futures ticked down Monday as traders monitored U.S. import tariff negotiations, according to analysts. CBOT May soybeans SK25 settled down 2-1/2 cents to $10.07-1/4 per bushel. CBOT May soymeal SMK25 ended $2.70 lower at $297.60 per short ton and...Reuters
Mon, Mar 24
ICE canola futures in holding pattern, awaiting tariff decision
WINNIPEG, Manitoba - March 24 (Reuters - ICE canola futures finished flat on Monday, as traders await next week's decision on U.S. tariffs. • May canola RSK5 settled up 50 cents at $572.20 per metric ton.• Last week saw canola futures rangebound near the bottom of the sharp selloff the week befo...Reuters
Mon, Mar 24
CBOT corn firms on tariff negotiations, upcoming USDA data
March 24 (Reuters) - Chicago Board of Trade corn futures rose slightly as traders monitored developments in tariff talks between the United States and its trading partners, and awaited planting intentions data from the U.S. Department of Agriculture. CBOT May corn CK25 settled up 1/4 cent to $4.64-1...Reuters
Mon, Mar 24
US postpones three energy efficiency mandates on home appliances
WASHINGTON, March 24 (Reuters) - The U.S. Energy Department said on Monday it is postponing the implementation of three mandates by the administration of President Joe Biden on energy efficiency for home appliances.The efficiency standards being postponed by the administration of President Donald Tr...Reuters
Mon, Mar 24
Med crude-Urals diffs stable, Indian refiners eye more Russian oil supplies
MOSCOW, March 24 (Reuters) - Urals crude differentials to dated Brent were stable on Monday, while Indian refiners expected an increase of Russian oil offers.Indian refiners will issue fewer tenders for crude oil purchases on the spot market in the coming months, company sources said on Monday, as R...Reuters
Mon, Mar 24
US natgas prices slide 2% to 3-week low on record output, mild weather
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 unusual build in MarchBy Scott DiSavino March 24 (Reuters) - U.S. natural gas futures slid about 2% to a three-week low on Monday on record output and fore...Reuters
Mon, Mar 24
Ukraine sees Russian effort to sow chaos as cyberattack hits rail service
By Yuliia Dysa and Tom Balmforth KYIV, March 24 (Reuters) - A powerful cyberattack knocked out the online ticketing system for Ukraine's state railway service, causing long queues at stations on Monday in what Kyiv officials said looked like a Russian attempt to "destabilise" the ...Reuters
Mon, Mar 24
Oil rises 1% as Trump plans tariff on countries that buy Venezuelan oil, gas
Trump to impose secondary tariffs on Venezuela's oil, gas US extends Chevron's wind-down in VenezuelaOPEC+ likely to proceed with planned May oil output hikeUS and Russia in Black Sea ceasefire talksBy Arathy Somasekhar HOUSTON, March 24 (Reuters) - Oil prices gained 1% on Monday as U.S. ...Reuters
Mon, Mar 24
US jet fuel imports surge as Nigeria's Dangote refinery pushes barrels west
US jet fuel imports hit highest rate so far in March since February 2023 Nigeria's Dangote refinery sent six jet fuel cargoes to U.S. ports in MarchUS jet fuel prices likely to be hit by rising storage, weak demand US jet fuel storage demand for April five to six times above usual - TankTigerBy ...Reuters
Mon, Mar 24
LNG Canada to start cooldown of plant next week in final step before first LNG
HOUSTON, March 24 (Reuters) - An LNG tanker is expected to arrive in Canada on April 1 to start cooling down LNG Canada's plant in Kitimat, British Columbia, considered the final step before the plant begins production of the superchilled gas."The delivery is expected in early April and is c...Reuters
Mon, Mar 24
US jet fuel imports surge as Nigeria's Dangote refinery pushes barrels west
US jet fuel imports hit highest rate so far in March since February 2023 Nigeria's Dangote refinery sent six jet fuel cargoes to U.S. ports in MarchUS jet fuel prices likely to be hit by rising storage, weak demand US jet fuel storage demand for April five to six times above usual - TankTigerBy ...Reuters
Mon, Mar 24
GRAINS-Chicago wheat plunges on Ukraine talks
Ongoing talks on Ukraine weigh on wheat futuresDollar strength pressures grainsTraders monitor tariff negotiationsBy Renee Hickman CHICAGO, March 24 (Reuters) - Chicago wheat took a dive on Monday as traders monitored ongoing talks regarding the Russian war on Ukraine and with more favorable ...Reuters
Mon, Mar 24
Paris wheat down on Ukraine ceasefire talks, tariff fears
HAMBURG/PARIS, March 24 (Reuters) - Euronext wheat fell on Monday to its lowest in nearly two weeks as U.S.-Russian talks aimed at a Black Sea maritime ceasefire in Ukraine raised expectations of increased grain shipments, while fears of trade disruption from U.S. tariff disputes also weighed.Front-...Reuters
Mon, Mar 24
Europe Gasoline/Naphtha-Gasoline margins jump on summer switch
LONDON, March 24 (Reuters) - Northwest European gasoline refining profit margins rose sharply by over $2 a barrel to $7.28 a barrel on Monday as the more expensive summer grade was included in the assessment.A total of 3,000 metric tons of E5 gasoline barges traded as Vitol and Litasco sold to Total...Reuters
Mon, Mar 24
SA's Eskom Warns of High Loadshedding Risk Amid Generation Failures
March 24 (Reuters) - SA's ESKOM:ISSUED URGENT ALERT REGARDING HIGH RISK OF LOADSHEDDING AT SHORT NOTICE THIS EVENING DUE TO SEVERAL GENERATION UNIT BREAKDOWNSIF ADDITIONAL 800MW IS LOST, ESKOM TO BE COMPELLED TO IMPLEMENT STAGE 2 LOADSHEDDING AT SHORT NOTICEReuters
Mon, Mar 24
Trump says he expects to sign Ukraine minerals deal soon
WASHINGTON, March 24 (Reuters) - U.S. President Donald Trump said on Monday he expects a U.S.-Ukraine revenue-sharing agreement on Ukrainian critical minerals will be signed soon. Trump also told reporters as he met his Cabinet that the United States is talking to Ukraine about the potential for Ame...Reuters
Mon, Mar 24
