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COLUMN-What's behind the clashing ideas over Brazil's shrinking corn stocks?: Braun
By Karen Braun NAPERVILLE, Illinois, March 13 (Reuters) - According to its own statistics agency, Brazil’s corn supplies as of a few weeks ago hit the lowest levels in at least a quarter-century.But the U.S. Department of Agriculture does not expect a scenario like that to unfold until early next...
Reuters
Thu, Mar 13
Ontario Premier Ford says meeting with US Commerce Secretary was productive
WASHINGTON, March 13 (Reuters) - Ontario Premier Doug Ford said on Thursday he and federal Canadian officials had a productive meeting with U.S. Commerce Secretary Howard Lutnick, where they discusses the ongoing trade war between Canada and the United States. "We had a very, very productiv...
Reuters
Thu, Mar 13
CERAWEEK-Next round of inspections in Eaton Fire expected next week, Edison Intl CEO
By Laila Kearney HOUSTON, March 13 (Reuters) - Southern California Edison will begin its first close-up physical inspections of certain power equipment under investigation for possible links to the start of the Eaton Fire in Los Angeles early this year, Edison International CEO Pedro Pizarro told...
Reuters
Thu, Mar 13
FACTBOX-Trump's tariffs and threatened trade actions
March 13 (Reuters) - U.S. President Donald Trump has made numerous tariff threats since returning to office on January 20, ranging from a universal duty on imports to targeted tariffs on specific sectors or countries, in a bid to get others to meet his policy demands.Trump's threats have changed...
Reuters
Thu, Mar 13
US public broadcasting entity sues FEMA over emergency alert funding freeze
Corporation for Public Broadcasting sues FEMACPB calls withholding of funds 'arbitrary and capricious'Musk pledged to take aim at nonprofit's federal fundingBy Jonathan StempelMarch 13 (Reuters) - The Corporation for Public Broadcasting, which provides funding to PBS and NPR stations, su...
Reuters
Thu, Mar 13
Brazil trade chamber OKs import tax cuts on more food products
BRASILIA, March 13 (Reuters) - Brazil's trade chamber, known as Camex, has agreed to eliminate import taxes on certain products to curb food inflation, it said in a statement on Thursday. The decision was unanimous, Brazilian Vice President Geraldo Alckmin, who also serves as trade, industry and...
Reuters
Thu, Mar 13
CANADA-CRUDE-Discount on Western Canada Select heavy crude narrows
March 13 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 narrowed on Thursday.* WCS for April delivery in Hardisty, Alberta, settled at $10.65 a barrel under WTI, according to brokerage CalRock, after havi...
Reuters
Thu, Mar 13
Brazil trade chamber OKs import tax cuts on more food products
BRASILIA, March 13 (Reuters) - Brazil's trade chamber has unanimously agreed to eliminate import taxes on certain products to curb food inflation, Brazilian Vice President Geraldo Alckmin told reporters on Thursday, after rolling out previous cuts last week.The tax reduction is an emergency meas...
Reuters
Thu, Mar 13
Gold price hit all-time high near $3,000 as trade tensions rock markets
Gold prices skyrocketed on Thursday, with the yellow metal reaching a new record high of $2,985 yet poised to extend the trend towards the $3,000 figure.
Gold
Fxstreet
Thu, Mar 13
US approves expansion of Montana coal mine
March 13 (Reuters) - The Trump administration approved a plan to expand a Montana coal mine and extend its life by 16 years, the Interior Department said on Thursday, a move aligned with President Donald Trump's goal to increase U.S. fossil fuel production.The Spring Creek Mine in Big Horn Count...
Reuters
Thu, Mar 13
SoftBank, OpenAI to build AI data centre in Japan, Nikkei reports
March 14 (Reuters) - SoftBank 9434.T plans to transform a former Sharp LCD panel plant in Japan into a data centre for operating artificial intelligence agents developed in collaboration with U.S.-based ChatGPT creator, OpenAI, according to a Nikkei report on Friday.The Japanese telecom giant intend...
Reuters
Thu, Mar 13
US Cash Crude-Coastal grades ease, macro picture in focus
March 13 (Reuters) - U.S. coastal cash crude grades eased slightly on Thursday, dealers said, as market participants weighed an escalating trade war and a statement from Russian President Vladimir Putin over a potential ceasefire with Ukraine. Putin said on Thursday that Russia supports a U.S. propo...
Reuters
Thu, Mar 13
US natural gas prices rebound on bigger storage withdrawal
EIA reports larger-than-expected storage draw for week ended March 7Analyst highlights supply concerns despite warmer weatherLSEG forecasts lower gas demand in Lower 48 states next weekBy Anmol Choubey March 13 (Reuters) - U.S. natural gas futures rebounded on Thursday, recovering from more than ...
Reuters
Thu, Mar 13
ICE canola futures continue to fall, but at a slower pace
WINNIPEG, Manitoba, March 13 (Reuters) - ICE canola futures continued falling Thursday, but with less intensity than in the three previous sessions. • Canola was the weakest of its sister vegoils, and is at the lowest since 2020. • May canola RSK5 settled down $6.40 at $566.90 per metric ton.• The...
Reuters
Thu, Mar 13
US approves expansion of Montana coal mine
March 13 (Reuters) - The Trump administration approved a plan to expand a Montana coal mine and extend its life by 16 years, the Interior Department said in a statement on Thursday.The Spring Creek Mine in Big Horn County is operated by the Navajo Transitional Energy Company.
Reuters
Thu, Mar 13
CBOT wheat rises on increased buying interest
CHICAGO, March 13 (Reuters) - Chicago Board of Trade soft red winter wheat futures rose on Thursday after Russia's IKAR cut its wheat export forecasts, sparking buying interest in U.S. wheat futures.CBOT May soft red winter wheat WK25 settled up 8-1/2 cents at $5.62-1/2 a bushel.K.C. May hard re...
Reuters
Thu, Mar 13
Trump, New York governor may discuss Constitution gas pipeline
WASHINGTON, March 13 (Reuters) - Donald Trump will meet New York Governor Kathy Hochul on Friday morning, the U.S. president said, for talks that may include potentially reviving the Constitution natural gas pipeline in the Northeast.The pipeline would bring gas from Pennsylvania's drilling ...
Reuters
Thu, Mar 13
CBOT corn gains on lower Argentine harvest outlook
CHICAGO, March 13 (Reuters) - Chicago Board of Trade corn futures turned higher on Thursday, after lower estimates for Argentina's corn crop and a weak dollar boosted prices.CBOT May corn CK25 settled up 4-1/2 cents to $4.65-1/4 a bushel.Argentina's Rosario Grains Exchange lowered its outloo...
Reuters
Thu, Mar 13
GRAINS-Chicago grains, soy rebound on demand uptick, weak dollar
Corn and soy edge up on declining Argentine crop estimatesWheat supported by weak dollar, Russian export quotasBy Heather Schlitz CHICAGO, March 13 (Reuters) - Chicago Board of Trade corn and soybean futures turned higher on Thursday, after private estimates for Argentina's corn and soy crops...
Reuters
Thu, Mar 13
CBOT soybeans gain on demand uptick, weak dollar
CHICAGO, March 13 (Reuters) - Chicago Board of Trade soybean futures rose on Thursday as strong weekly export sales, lower estimates for Argentina's soy crop and a weak dollar supported prices.CBOT May soybeans SK25 settled up 10-1/4 cents at $10.10-3/4 per bushel.CBOT May soymeal SMK25 ended up...
Reuters
Thu, Mar 13
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