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Brazil's Conab raises soy crop forecast despite drought
By Ana ManoSAO PAULO, March 13 (Reuters) - Brazilian soybean farmers are poised to reap a massive crop in the 2024/25 season despite hot and dry weather in the south of the country, according to fresh data released by the national crop agency Conab on Thursday.The new soybean crop, which farmers are...Reuters
Thu, Mar 13
Oil prices would need to fall to $53/barrel for US CPI to hit Fed's 2% target:Citi
Citi commodity strategists expressed concerns over potential downside risks for oil prices and their subsequent impact on the U.S. Consumer Price Index (CPI)."Our outlook is for Brent to fall to $60 bInvesting.com
Thu, Mar 13
UK tanker crash aftermath 'reasonably contained', says PM Starmer
LONDON, March 13 (Reuters) - The aftermath of a tanker crash off the English coast earlier this week is "reasonably contained", British Prime Minister Keir Starmer said on Thursday as fears of an environmental disaster eased and focus turned to finding out how the incident happened.One crew ...Reuters
Thu, Mar 13
Trump threatens 200% wine tariff if EU does not remove whiskey tariff
WASHINGTON, March 13 (Reuters) - U.S. President Donald Trump said on Thursday he would put a 200% wine tariff on all wines and other alcoholic products coming out of EU countries if the bloc did not remove its tariff on whiskey."The European Union, one of the most hostile and abusive taxing and ...Reuters
Thu, Mar 13
Brazil's Conab raises soy crop forecast despite drought
SAO PAULO, March 13 (Reuters) - Brazilian soybean farmers are poised to reap a massive crop in the 2024/25 season despite hot and dry weather in the south of the country, according to fresh data released by the national crop agency Conab on Thursday.The new soybean crop, which farmers are harvesting...Reuters
Thu, Mar 13
RPT-COLUMN-Commodities tune out of Trump's noise to trade fundamentals: Russell
By Clyde RussellLAUNCESTON, Australia, March 13 (Reuters) - Dial out the noise and focus on the fundamentals is a tactic that may work best for global commodity markets as they navigate the mounting challenges posed by U.S. President Donald Trump's erratic and inconsistent trade policies.While t...Reuters
Thu, Mar 13
Trade quarrels to boost Russia-China agricultural trade, lobbies and analysts say
Russia to benefit from China tariffs on U.S. and CanadaChina may buy more Russian peas, wheatBy Olga Popova MOSCOW, March 13 (Reuters) - China is expected to step up imports of agricultural products from Russia in response to growing trade conflict with the U.S. and Canada, with trade in peas set...Reuters
Thu, Mar 13
GRAINS-Chicago grains regain ground with exports in focus
Corn, wheat steady after 2-day fall, soybeans after 4-day dropUS tariffs and EU, Canada riposte raise fears of export lossesAttention turns to weekly US exportsBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, March 13 (Reuters) - Chicago corn, wheat and soybean futures edged higher on Thursday,...Reuters
Thu, Mar 13
Oil dips as economic concerns, supply and demand expectations weigh
Macroeconomic concerns stemming from tariffs remain prevalentGlobal demand firmer year on year and exceeded expectations, JP Morgan analysts sayGasoline inventories fall more than expected, EIA data shows By Paul Carsten LONDON, March 13 (Reuters) - Oil prices slipped on Thursday after surging in...Reuters
Thu, Mar 13
PRECIOUS-Gold trades near record levels on rate cut hopes, tariff jitters
Gold hit record peak of $2,956.15 on February 24Analysts expect gold demand and prices in the near term to go higherUS consumer price growth slows in FebruaryPlatinum down 1%By Rahul Paswan and Sarah Qureshi March 13 (Reuters) - Gold prices traded near record high levels on Thursday, fuelled by d...Reuters
Thu, Mar 13
IEA sees global oil market surplus for 2025 as demand disappoints
Trims 2025 global demand growth by 70,000 bpdSees oil market in 600,000 bpd surplus in 2025, up from FebLatest sanctions yet to have big impact on Russia, Iran loadingsBy Robert Harvey and Alex Lawler LONDON, March 13 (Reuters) - Global oil supply could exceed demand by around 600,000 barrels per...Reuters
Thu, Mar 13
EXCLUSIVE-Qatar to supply gas to Syria via Jordan with a US nod, sources say
Syria suffers from power shortages, grid damageWould-be backers uncertain over sanctions waiverQatar was major supporter of rebels who fought AssadBy Timour Azhari and Andrew Mills BEIRUT, March 13 (Reuters) - Qatar is set to supply Syria with gas via Jordan to improve the nation's meager po...Reuters
Thu, Mar 13
U.S. nuclear power plant outages
March 13 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Total...Reuters
Thu, Mar 13
INSIGHT-How faulty parts on Boeing's 787 jets flew below the radar in Italy
Italian sub-contractor supplied faulty parts for Boeing jets in 2017-20 via Leonardo - prosecutorsSupplier passed repeated audits while allegedly using low-grade metals - court documentsAlleged scam uncovered thanks to chance police find, sources sayIndustry experts call for random checks on aviatio...Reuters
Thu, Mar 13
NORDIC POWER-Front quarter prices rise on forecasts of drier weather
March 13 (Reuters) - Nordic front-quarter prices edged up on Thursday, helped by forecasts of drier weather and higher European energy rates. * The Nordic front-quarter baseload power contract ENOFBLQc1 were up 0.2% at 21.45 euros per megawatt hour (MWh) as of 1018 GMT.* "Precipitation amounts i...Reuters
Thu, Mar 13
CORRECTED-GRAINS-Corn prices edge higher, soybeans also rise
Corn firms, but U.S. stock, trade war limit gainsSoybeans rise after four sessions of losses; wheat gainsBy Naveen Thukral SINGAPORE, March 13 (Reuters) - Chicago corn futures ticked up on Thursday, recouping some of the previous session's losses, although gains were limited by higher U.S. st...Reuters
Thu, Mar 13
Third stage of BESS underwriting differentiates market losses: Bogdan
By Rebecca DelaneyMarch 13 - (The Insurer) - Risk management continues to be a key prerequisite as the insurance market enters its third phase of underwriting BESS projects, Lockton’s Michael Bogdan told Sustainable Insurer.Over the past decade, BESS projects have evolved from single-digit megawatt ...Reuters
Thu, Mar 13
Gold edges higher as Trump challenges EU on tariffs
Gold’s price (XAU/USD) is back on its way to new all-time highs after the United States (US) Consumer Price Index (CPI) data came in softer than expected on Wednesday, which triggered a sigh of relief in US markets with odds for a recession or stagflation being trimmed.
Fxstreet
Thu, Mar 13
