News
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US natural gas prices climb on cold weather, supply concerns ahead of summer
Prices up 14.1% this week, in biggest weekly gain since JanuaryUS gas output on track to hit record high in March US LNG export feedgas on track to match February record highBy Brijesh Patel March 7 (Reuters) - U.S. natural gas prices rose on Friday, setting their best weekly performance in t...Reuters
Fri, Mar 7
CBOT wheat futures close lower in subdued trade
CHICAGO, March 7 (Reuters) - Chicago Board of Trade wheat futures closed lower on Friday on improving French winter wheat conditions and a lack of supportive news, traders said.Traders shrugged off weakness in the dollar .DXY, which is normally a supportive factor for grains by making U.S. goods mor...Reuters
Fri, Mar 7
US Cash Grains-Corn, soy basis mixed amid slow selling
CHICAGO, March 7 (Reuters) - Spot basis bids for soybeans and corn were mixed in the U.S. Midwest on Friday as farmers were reluctant to sell their crop amid low futures prices, while buyers kept a close eye on U.S. trade policy. * The soy basis ticked up at an Iowa elevator and an Iowa crush pl...Reuters
Fri, Mar 7
US Cash Crude-Grades firm slightly after whipsaw tariff-focused week
March 7 (Reuters) - U.S. cash crude grades firmed marginally on Friday, dealers said, steadying after a rollercoaster week of uncertainty in the market around U.S. tariffs on Mexico and Canada. U.S. President Donald Trump imposed a 25% tariff on imports from Mexico and Canada, with an exception of a...Reuters
Fri, Mar 7
CERAWEEK-Top oil executives reckon with downturn even as Trump cheers them on
Trump's policies have upended trade flowsIndustry grapples with mass layoffs, activist investor pushOil investment, output growth unlikely despite govt pushOil prices hover around $70 a barrelBy Arathy Somasekhar HOUSTON, March 7 (Reuters) - The world's energy industry leaders meet in Hou...Reuters
Fri, Mar 7
Trump says Canada may soon get reciprocal US tariffs on dairy, lumber
Trump rails against Canadian tariffs on US dairy, lumberTrump says he wanted to help automakers for a monthUS tariffs may rise over time, Trump saysHigher effective steel, aluminum duties take effect on WednesdayBy Nandita Bose, David Lawder and Andrea Shalal WASHINGTON, March 7 (Reuters) - U.S. ...Reuters
Fri, Mar 7
USDA eliminates two food safety advisory committees, members say
By Tom Polansek, Leah DouglasCHICAGO/WASHINGTON, March 7 (Reuters) - The U.S. Department of Agriculture has eliminated two committees that advise it on food safety, members said on Friday, raising concerns about government oversight of the food supply as the Trump administration seeks to downsize th...Reuters
Fri, Mar 7
Labrador Iron Ore Royalty Corp expected to post earnings of 67 cents a share - Earnings Preview
Labrador Iron Ore Royalty Corp LIF.TO is expected to show a fall in quarterly revenue when it reports results on March 11 for the period ending December 31 2024The Toronto Ontario-based company is expected to report a 17.7% decrease in revenue to C$45.2 million from C$54.9 million a year ago, acc...Reuters
Fri, Mar 7
CBOT soybeans end narrowly mixed after tariff jitters spur wild week
CHICAGO, March 7 (Reuters) - Chicago Board of Trade soybean futures closed narrowly mixed on Friday, with the most-active May contract inching lower in a quiet end to a wild week of market gyrations spurred by trade tensions.CBOT May soybeans SK25 settled down 2-1/4 cents at $10.25 per bushel. Compa...Reuters
Fri, Mar 7
Trump's shipbuilding plan could upend ocean cargo industry, companies warn
Fees could backfire by swamping major U.S. seaports, imperiling exports and sticking everyday Americans with higher pricesMSC, the biggest container carrier, says it could skip small U.S. ports to reduce feesWorld Shipping Council calls on U.S. to reconsider planBy Lisa Baertlein LOS ANGELES, Mar...Reuters
Fri, Mar 7
US Plains HRW Wheat-Basis bids little changed in tepid trade
CHICAGO, March 7 (Reuters) - Spot basis bids for hard red winter wheat were mostly flat in the U.S. Plains states on Friday, with dealers citing quiet trade marked by little farmer selling.* Farmers are waiting for wheat prices to recover further before selling, dealers said.* Selling has also been ...Reuters
Fri, Mar 7
Panama to request legal, financial documents on CK Hutchison-BlackRock port deal
PANAMA CITY, March 7 (Reuters) - The Panama Maritime Authority, which oversees shipping and port infrastructure in the Central American country, will request all legal and financial documents from a key transaction between CK Hutchison and consortium backed by BlackRock, minister to presidency Juan ...Reuters
Fri, Mar 7
Phillips 66 Reports Process Upset at Sweeny, Texas Refinery
March 7 (Reuters) - PHILLIPS 66 PSX.N:REPORTS DELAYED COKER UNIT EXPERIENCED A PROCESS UPSET AT SWEENY REFINERY AND PETROCHEMICAL COMPLEX, TEXASREPORTS OPERATIONS PERSONNEL TOOK STEPS TO RETURN TO NORMAL OPERATION TO MINIMIZE FLARING AT SWEENY REFINERY AND PETROCHEMICAL COMPLEX, TEXAS SOURCE: TEXAS ...Reuters
Fri, Mar 7
ICE canola futures continue recovery from tariff slump
WINNIPEG, Manitoba - March 7 (Reuters) - ICE canola futures rose for the third consecutive day on Friday, ending a week that saw a sharp drop on U.S. tariff imposition then recovery on their postponement.• May canola RSK5 settled up $12.50 at $645 per metric ton.• The Trump administration's sus...Reuters
Fri, Mar 7
CBOT corn ends higher on Mexico tariff exemption, softer dollar
CHICAGO, March 7 (Reuters) - Chicago Board of Trade corn futures rose for a third consecutive session on Friday as news of exemptions for Mexico and Canada to most U.S. tariffs allowed grain prices to recover after a plunge early this week.A week-long decline in the dollar =USD lent support, making ...Reuters
Fri, Mar 7
Canada commits over C$6 billion to fight impact of US tariffs, find new markets
Promises C$5 billion for exporters for two yearsC$1 billion for agriculture and food industryC$500 million set aside for low-interest loansTweaked rules for job insurance to prevent layoffsBy Promit Mukherjee and Ryan Patrick Jones OTTAWA, March 7 (Reuters) - Canada on Friday unveiled billions of...Reuters
Fri, Mar 7
EXCLUSIVE-US mulls how to ease Russia energy sanctions quickly if war ends, sources say
White House asks Treasury to explore options to swiftly ease energy sanctions US to only ease sanctions if Russia, Ukraine reach peace dealTrump threatens more sanctions if Russia fails to make peace deal fastRequest comes as Trump prepares for talks with Putin to end Ukraine warBy Jarrett Renshaw a...Reuters
Fri, Mar 7
