News
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US Plains HRW Wheat-Spot basis bids mostly flat-lower on light demand
CHICAGO, March 20 (Reuters) - Spot basis bids for hard red winter wheat were mostly unchanged to down slightly in the southern U.S. Plains farm belt on Thursday on light demand and slow farmer sales, dealers said.* A grain elevator in Enid, Oklahoma, trimmed its spot basis bid by 2 cents a bushel, r...Reuters
Thu, Mar 20
US natural gas prices drop 6% to two-week low on surprise storage build, lower demand
US gas inventories about 10% below normal five-year levelUS gas output on track to hit monthly record in March US LNG export feedgas set to hit monthly record in MarchBy Scott DiSavino March 20 (Reuters) - U.S. natural gas futures dropped about 6% to a two-week low on Thursday on a surprise stora...Reuters
Thu, Mar 20
CBOT corn ticks up on strong export demand
March 20 (Reuters) - Chicago Board of Trade corn futures extended gains to a one-week high on Thursday on support from resilient export demand and tight global supplies, traders said.CBOT May corn CK25 settled up 7 cents to $4.69 per bushel.The USDA reported a net 1.5 million metric tons in U.S. cor...Reuters
Thu, Mar 20
Oil prices settle $1 higher after US issues new Iran-related sanctions
Brent, US crude futures rise more than $1 a barrelUS issues new Iran-related sanctions OPEC+ issues new schedule to seven members to cut oil outputUS dollar strength puts lid on oil gains By Georgina McCartney HOUSTON, March 20 (Reuters) - Oil prices rose on Thursday after the United States issue...Reuters
Thu, Mar 20
Southwest US grid operator expanding into the west
By Laila KearneyNEW YORK, March 20 (Reuters) - Energy regulators on Thursday approved the Southwest Power Pool to expand its territory and become the first regional U.S. grid to operate in both the western and eastern interconnections of the country's electrical system, SPP said. WHY ...Reuters
Thu, Mar 20
EU wheat eases from two-week top, rapeseed extends rebound
PARIS, March 20 (Reuters) - Euronext wheat edged lower on Thursday after notching a two-week high as traders assessed export demand and negotiations to end the war in Ukraine.Front-month May milling wheat BL2K5, the most active position on Euronext, settled 0.2% down at 226.75 euros ($245.84) per me...Reuters
Thu, Mar 20
Med crude-Urals diffs stable, April loading plans awaited
MOSCOW, March 20 (Reuters) - Urals crude differentials to dated Brent were little changed on Thursday, as market participants expect provisional loading plans for Russia's Baltic and Black Sea ports for April to emerge shortly.OPEC+ on Thursday issued a new schedule for seven member nations incl...Reuters
Thu, Mar 20
PRECIOUS-Gold pauses for breath after record run on safe-haven demand
Gold hits record high of $3,057.21/ozTraders pricing in 69 bps of US rate easing this yearGold could hit $3,500 by year-end, says CitiBy Anmol Choubey March 20 (Reuters) - Gold prices eased on Thursday after hitting a record high earlier in the session, but retained a bullish outlook driven by po...Reuters
Thu, Mar 20
Perpetua to make official loan application to US EXIM in second quarter
March 20 (Reuters) - Perpetua Resources PPTA.O said on Thursday it plans to submit a formal loan application to the U.S. Export-Import Bank (EXIM) for its Idaho antimony and gold Stibnite project in the second quarter of this year. In its annual report, the miner said EXIM would determine if a final...Reuters
Thu, Mar 20
METALS-London copper falls after hitting five-month high above $10,000 mark
By Polina Devitt LONDON, March 20 (Reuters) - London copper prices hit a five-month high on Thursday, breaking above a psychological mark of $10,000 per metric ton before retreating under pressure from a stronger dollar and producer selling.Benchmark three-month copper CMCU3 on the London Metal E...Reuters
Thu, Mar 20
Nippon Steel asks US court to reject ‘baseless’ consumer lawsuit over U.S. Steel bid
By Mike Scarcella March 20 (Reuters) - Japan’s Nippon Steel has asked a U.S. judge to dismiss a consumer lawsuit seeking to block the manufacturing giant’s proposed $14.9 billion purchase of U.S. Steel that is currently tied up in negotiations with the Trump administration.Nippon Steel in a Wedne...Reuters
Thu, Mar 20
TABLE-US generated fewer renewable blending credits in February, EPA says
NEW YORK, March 20 (Reuters) - The United States generated fewer renewable blending credits in February versus the prior month, data from the Environmental Protection Agency showed on Thursday.About 1.12 billion ethanol (D6) blending credits were generated in February, compared with about 1.25 billi...Reuters
Thu, Mar 20
Crude output in Guyana rose to 648,000 bpd in February, government says
By Kemol King and Sheila Dang GEORGETOWN/HOUSTON, March 20 (Reuters) - Crude output in Guyana rose to 648,000 barrels per day (bpd) in February from 620,000 bpd the previous month, the natural resources ministry said on Thursday.Oil production in the South American country, which is controlle...Reuters
Thu, Mar 20
Europe Gasoline/Naphtha-Gasoline steady as Atlantic basin stocks drop
LONDON, March 20 (Reuters) - Northwest European gasoline refining profit margins were largely stable at $5.30 a barrel on Thursday, even as inventories on both sides of the Atlantic drew down. A total of 2,000 metric tons of E5 gasoline barges traded as Vitol sold to TotalEnergies.Another 6,000 tons...Reuters
Thu, Mar 20
US Cash Grains-Soybean basis mostly steady-firm, corn bids flat
CHICAGO, March 20 (Reuters) - Spot basis bids for soybeans were mostly steady to higher on Thursday at U.S. Midwest elevators and mostly unchanged at processing plants as buyers sought to entice fresh sales to bolster supplies, dealers said.* Spot corn basis bids were mostly unchanged at elevators, ...Reuters
Thu, Mar 20
US generated fewer renewable blending credits in February, EPA says
NEW YORK, March 20 (Reuters) - The United States generated fewer renewable blending credits in February versus the prior month, data from the Environmental Protection Agency showed on Thursday.About 1.12 billion ethanol (D6) blending credits were generated in February, compared with about 1.25 billi...Reuters
Thu, Mar 20
US LNG exporters stick with methane measures despite EPA rollbacks
Trump EPA last week rolled back dozens of regulationsEU retains stricter regulations for greenhouse gas emissionsJapan and South Korea also seek emissions data for LNG importsSatellites still monitor emissions, even if EPA does notBy Valerie Volcovici WASHINGTON, March 20 (Reuters) - U.S. liquefi...Reuters
Thu, Mar 20
OPEC+ issues new plan for oil cuts to compensate for overproduction
New schedule for 7 members to make compensation output cutsPlan represents monthly cuts of between 189,000 and 435,000 bpdCuts scheduled to last until June 2026By Alex Lawler and Ahmad Ghaddar LONDON, March 20 (Reuters) - OPEC+ on Thursday issued a new schedule for seven member nations to make fu...Reuters
Thu, Mar 20
Crude output in Guyana rose to 648,000 bpd in Feb, government says
GEORGETOWN, March 20 (Reuters) - Crude output in Guyana rose to 648,000 barrels per day (bpd) in February from 620,000 bpd the previous month, the natural resources ministry said on Thursday.Oil production in the South American country, which is controlled by a consortium led by Exxon Mobil XOM.N, h...Reuters
Thu, Mar 20
Turkey and Slovakia get US waiver extension for gas payments to Russia, sources say
ISTANBUL/PRAGUE, March 20 (Reuters) - Turkey and Slovakia have received extensions from the United States to waivers for gas payments to Russia, sources told Reuters on Thursday, adding that the extensions would be valid until May. In November, Washington imposed new sanctions over the Ukraine confl...Reuters
Thu, Mar 20
