News
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CIF/FOB Gulf Grain-Spot corn, soy barge basis rises
CHICAGO, March 5 (Reuters) - Spot basis bids for corn and soybeans delivered by barge to the U.S. Gulf Coast turned higher on Wednesday, as futures recovered amid signs that U.S. tariffs against Canada and Mexico may be reduced, traders said.* Chinese buyers have turned their attention to South Amer...Reuters
Wed, Mar 5
CANADA-CRUDE-Discount on Western Canada Select heavy crude narrows
March 5 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 narrowed on Wednesday, a day after U.S. President Donald Trump's tariffs on goods from Mexico and Canada took effect.* WCS for April delivery in ...Reuters
Wed, Mar 5
GRAINS-Corn, soy and wheat bounce as traders monitor tariff relief
By Julie Ingwersen CHICAGO, March 5 (Reuters) - U.S. corn, soybean and wheat futures closed higher on Wednesday, bouncing from multi-month lows set a day earlier as indications that U.S. tariffs against Canada and Mexico may be reduced helped ease market jitters over escalating trade tensions.Chi...Reuters
Wed, Mar 5
Canada muses about oil and gas exports as lever in tariffs dispute, also mentions potash
OTTAWA, March 5 (Reuters) - Canada could potentially use oil and gas exports as a lever in negotiations if U.S. tariffs on Canadian imports escalate, Foreign Minister Melanie Joly told a Toronto business audience on Wednesday.Canada is vowing to impose tariffs on C$155 billion worth of U.S. imports ...Reuters
Wed, Mar 5
CORRECTED-CBOT soybeans close higher on bargain buying; tariff developments eyed
CHICAGO, March 5 (Reuters) - Chicago Board of Trade soybean futures rose on Wednesday, bouncing from multi-month lows set a day earlier on bargain buying and optimism that U.S. tariffs against Canada and Mexico might be reduced.CBOT May soybeans SK25 settled up 12-3/4 cents at $10.11-3/4 per bushel,...Reuters
Wed, Mar 5
Canada could use oil and gas exports as a lever if tariffs escalate, says minister
OTTAWA, March 5 (Reuters) - Canada could potentially use oil and gas exports as a lever in negotiations if U.S. tariffs on Canadian imports escalate, Foreign Minister Melanie Joly told a Toronto business audience on Wednesday.Reuters
Wed, Mar 5
CBOT wheat rebounds after contract lows, tariffs still in spotlight
CHICAGO, March 5 (Reuters) - Chicago Board of Trade wheat futures closed higher on Wednesday after a seven-session skid, supported by bargain buying and hopes that U.S. tariffs against Canada and Mexico may be reduced, traders said.CBOT May soft red winter wheat WK25 settled up 11-1/2 cents at $5.48...Reuters
Wed, Mar 5
Top EPA nominees face Senate scrutiny over plan to undo key climate finding
EPA nominees face questions over greenhouse gas emission rulesDemocrats want to know if EPA will kill key environmental rulingSenate set to vote on whether to repeal California waiver to set zero emission vehicle rulesBy Valerie Volcovici WASHINGTON, March 5 (Reuters) - Two Trump nominees to ...Reuters
Wed, Mar 5
US Cash Crude-Coastal grades ease as market adjusts to Trump tariffs
March 5 (Reuters) - U.S. coastal grades eased on Wednesday, dealers said, as market participants backed down from some panic-induced buying after the U.S.-imposed tariffs on Mexico and Canada.Mars Sour WTC-MRS, which had surged during the previous session to as high as a $3.60 per barrel premium to ...Reuters
Wed, Mar 5
ICE canola futures rebound on optimism about tariffs
WINNIPEG, Manitoba, March 5 (Reuters) - ICE canola futures rebounded on Wednesday on optimism that U.S. tariffs on Canadian canola might not last long, or be as severe as at present.•On Wednesday the Trump administration said it was planning a one-month relaxation for the main North American automak...Reuters
Wed, Mar 5
Gold price steadies as markets weigh tariff uncertainty, Fed outlook
Gold price remains firm on Wednesday amid speculation that the President of the United States (US), Donald Trump, could roll back some tariffs, at least duties on automobiles linked to the USMCA free trade agreement.
Fxstreet
Wed, Mar 5
US approves LNG export extension for Golden Pass
By Timothy Gardner WASHINGTON, March 5 (Reuters) - The U.S. Department of Energy said on Wednesday that it has extended a permit for exports of liquefied natural gas from a Golden Pass LNG LLC project jointly owned by QatarEnergy and ExxonMobil XOM.N being built in Texas. The approval will grant ...Reuters
Wed, Mar 5
Mali suspends artisanal mine permits for foreigners after accidents
BAMAKO, March 5 (Reuters) - Mali is suspending the granting of new artisanal mining permits to foreigners, after a couple of accidents in recent weeks left dozens dead.The collapse on February 15 of an artisanal gold mine killed 43 people, mostly women, in the gold-rich Kayes region.On January 29, 1...Reuters
Wed, Mar 5
CBOT corn ends higher in bounce from multi-month lows
CHICAGO, March 5 (Reuters) - Chicago Board of Trade corn futures closed higher on Wednesday, bouncing from multi-month lows set a day earlier, lifted by bargain buying and optimism that U.S. tariffs against Canada and Mexico may be reduced.CBOT May corn CK25 settled up 4-1/4 cents at $4.55-3/4 per b...Reuters
Wed, Mar 5
Los Angeles County, Pasadena, sue Southern California Edison over wildfires
March 5 (Reuters) - The County of Los Angeles and City of Pasadena, along with other public entities, filed lawsuits against Edison International and its subsidiary Southern California Edison (SCE) on Wednesday, alleging their role in igniting one of California's worst wildfires.The Eaton fire, ...Reuters
Wed, Mar 5
Elon Musk says Post Office, Amtrak should be privatized
By David Shepardson WASHINGTON, March 5 (Reuters) - Billionaire Elon Musk, who is advising President Donald Trump on plans to radically shrink the U.S. government said Wednesday that the U.S. Postal Service and passenger railroad Amtrak should be privatized."I think logically we should priva...Reuters
Wed, Mar 5
Marathon Reports Equipment Leak At Galveston Bay, Texas Refinery on March 4
March 5 (Reuters) - MARATHON PETROLEUM CORP MPC.N:REPORTS DURING ROUNDS, OPERATIONS IDENTIFIED MIST LEAKING FROM THE 501E REFLUX TOWER AT GALVESTON BAY, TEXAS REFINERY ON MARCH 4REPORTS TOWER ISOLATED AND UNIT PLACED IN STANDBY TO STOP LEAK FROM 501E REFLUX TOWER AT GALVESTON BAY, TEXAS REFINERYSOUR...Reuters
Wed, Mar 5
Oil settles down more than 2% after US crude stocks build, OPEC+ hike, US tariffs
Brent crude futures fall to their lowest since December 2021WTI crude futures fall to lowest since May 2023 US crude stockpiles rise far more than expected, EIA data showCanada, China retaliate against Trump tariffsOPEC+ to increase output from AprilBy Georgina McCartney HOUSTON, March 5 (Reute...Reuters
Wed, Mar 5
US natgas prices climb 2% to 26-month high on Canada tariffs worries, record LNG flows
US gas output on track to hit record high in March US LNG export feedgas on track to match February record highOil-to-gas ratio falls to lowest since December 2022By Scott DiSavino March 5 (Reuters) - U.S. natural gas futures climbed about 2% to a fresh 26-month high on Wednesday on record flows ...Reuters
Wed, Mar 5
