News
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US Plains HRW Wheat-Spot basis mostly steady-firm on slow farmer sales
CHICAGO, March 18 (Reuters) - Spot basis bids for hard red winter wheat were mostly steady to firm across the southern U.S. Plains on Tuesday on slow farmer sales, dealers said.* Hot and dry conditions as well as windy weather that raised concerns about soil erosion prompted farmers to hold back on ...Reuters
Tue, Mar 18
Med crude-Urals diffs steady, CPC pipeline maintains normal oil transit in March
MOSCOW, March 18 (Reuters) - Urals crude differentials held steady on Tuesday while oil flows via the Caspian Pipeline Consortium (CPC) pipeline continued as normal.Russian oil pipeline monopoly Transneft CEO Nikolai Tokarev said on Tuesday that there had been no drop in oil flows via the CPC pipel...Reuters
Tue, Mar 18
ICE canola futures rise on bargain buying, technicals
WINNIPEG, Manitoba - March 18 (Reuters) - ICE canola futures advanced for a second straight session on Tuesday in a continued rebound from last week's steep selloff, when heavy fund long liquidation and tariff concerns dragged actively traded contracts to lifetime lows.• May canola RSK5 settled ...Reuters
Tue, Mar 18
Oil prices ease as Ukraine peace talks offset Mideast instability worries
Russia and Ukraine agree to stop attacking energy infrastructureTrump tariff wars threaten global oil demandU.S. strikes on Houthis, Israel's in Gaza boost Mideast tensionsChina and Germany plan economic stimulusBy Scott DiSavino NEW YORK, March 18 (Reuters) - Oil prices eased about 1% on Tue...Reuters
Tue, Mar 18
TREASURIES-Yields fall ahead of Fed decision, after strong 20-year auction
Traders bet on dovish tone from Fed's Powell on WednesdayU.S. single-family homebuilding rebounds in FebruaryTreasury sees strong demand for 20-year bondsBy Karen Brettell NEW YORK, March 18 (Reuters) - U.S. Treasury yields fell on Tuesday as traders bet that Federal Reserve Chair Jerome Powe...Reuters
Tue, Mar 18
CBOT soybeans tick down on South America supplies, tariff concerns
CHICAGO, March 18 (Reuters) - Chicago Board of Trade soybean futures finished lower on Tuesday on massive South American supplies and fears of retaliation against U.S. tariff policies. CBOT May soybeans SK25 settled down 2-3/4 cents at $10.12-3/4 per bushel.CBOT May soymeal SMK25 ended down $4.40 at...Reuters
Tue, Mar 18
US natural gas prices up on record flows to LNG export plants, cooler weather forecasts
US gas output on track to hit record high in March US LNG export feedgas set to hit record high in MarchBy Scott DiSavinoMarch 18 (Reuters) - U.S. natural gas futures edged up about 1% on Tuesday on record gas flows to liquefied natural gas (LNG) export plants, a drop in daily output and forecasts f...Reuters
Tue, Mar 18
US Court revises FERC order for NextDecade's LNG facility
March 18 (Reuters) - NextDecade NEXT.O said on Tuesday that the U.S. Court of Appeals for the District of Columbia had revised its August 2024 judgment.The revision sends the Federal Energy Regulatory Commission's (FERC) order regarding the first five liquefaction trains at the Rio Grande LNG Fa...Reuters
Tue, Mar 18
El Paso Declares Force Majeure At Line 3051 Between Lea Plant and Monument Compressor Station, New Mexico
March 18 (Reuters) - KINDER MORGAN'S KMI.N EL PASO NATURAL GAS COMPANY, L.L.C (EPNG):DECLARES FORCE MAJEURE AT LINE NO. 3051 BETWEEN LEA PLANT AND MONUMENT COMPRESSOR STATION, LOCATED IN LEA COUNTY, NEW MEXICORELATED: [nAQN2K695P]Reuters
Tue, Mar 18
Phillips 66 Committed to Idling Los Angeles Refinery by October - Piper Sandler Energy Conf Call
March 18 (Reuters) - Phillips 66 PSX.N:EXEC SAYS HAVE COMMITTED TO IDLING LOS ANGELES REFINERY BY OCTOBER - PIPER SANDLER ENERGY CONF CALLEXEC SAYS POISED TO MOVE MORE RENEWABLE DIESEL INTO SUSTAINABLE AVIATION - PIPER SANDLER ENERGY CONF CALLSource text: Piper Sandler 2025 Energy Conference Webcast...Reuters
Tue, Mar 18
Firm euro weighs on EU wheat again as Trump-Putin call monitored
PARIS, March 18 (Reuters) - Benchmark wheat prices on Euronext fell on Tuesday, curbed by further strength in the euro and a subdued trend in Chicago as traders monitored U.S.-Russian talks aimed at moving towards a ceasefire in Ukraine.Front-month May milling wheat BL2K5 on Euronext settled 1.0% do...Reuters
Tue, Mar 18
GRAINS-Chicago grains tick down on US-Russia call, planting intentions
Wheat draws support from severe weather in U.S. PlainsTrump-Putin call on Ukraine watched for ceasefire prospectsCorn and soy futures fall on tariff fears, planting expectationsBy Renee Hickman CHICAGO, March 18 (Reuters) - Chicago wheat futures traded both sides of unchanged on Tuesday, holding ...Reuters
Tue, Mar 18
Europe Gasoline/Naphtha-Gasoline margins rise on weaker crude
LONDON, March 18 (Reuters) - Northwest European gasoline refining profit margins rose by about $2 a barrel on Tuesday to $7.29, supported by weaker underlying crude prices. A total of 4,000 metric tons of E5 gasoline barges traded as Vitol and Trafigura sold to TotalEnergies and Trafigura.Another 14...Reuters
Tue, Mar 18
USDA to begin disbursing economic aid to farmers amid low prices
By Leah Douglas March 18 (Reuters) - The U.S. Department of Agriculture will on Wednesday begin accepting applications from farmers affected by low commodity prices for economic aid passed by Congress last year, an agency official said on Tuesday. The stop-gap government funding package passed by...Reuters
Tue, Mar 18
METALS-US copper hits 10-month peak while tariffs send spread over LME to record high
By Eric Onstad LONDON, March 18 (Reuters) - U.S. copper prices hit a 10-month peak on Tuesday, expanding their premium over London prices to a record high as speculators boosted bets on the level of tariffs U.S. President Donald Trump may impose on the metal.The most active May copper futures on ...Reuters
Tue, Mar 18
Trump-Putin phone call ends, White House says
WASHINGTON, March 18 (Reuters) - A phone call between U.S. President Donald Trump and Russia's Vladimir Putin has ended, a White House official said on Tuesday.Earlier, White House deputy chief of staff Dan Scavino said the call started at 10 a.m. ET (1400 GMT) and was going well.Russia's TA...Reuters
Tue, Mar 18
US Cash Grains-Corn basis bids steady-higher as futures slide
CHICAGO, March 18 (Reuters) - Spot basis bids for corn were steady to higher at interior elevators, ethanol plants and other processors around the U.S. Midwest on Tuesday as futures prices declined and farmer selling remained muted, dealers said.* Soybean spot basis bids were unchanged at elevators ...Reuters
Tue, Mar 18
PRECIOUS-Middle East tensions, tariff jitters fuel gold's record rally
Israeli strikes kill over 400 in GazaGold scales to a fresh record high of $3,038.26/ozFed expected to hold rates steady on Wednesday By Daksh Grover March 18 (Reuters) - Gold prices rose 1% to hit a fresh record high on Tuesday, anchored above the $3,000/oz mark, as rising Middle East tensions a...Reuters
Tue, Mar 18
New Austria government targets lower energy costs and industrial revamp
By Alexandra Schwarz-GoerlichVIENNA, March 18 (Reuters) - Austria's new three-party ruling coalition said on Tuesday it planned to overhaul the country's energy market to bring down costs for consumers and to develop an industrial strategy to lift weak economic growth.In its inaugural workin...Reuters
Tue, Mar 18
