News
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US objects to recommendation on 'sustainable' aviation fuels in ICAO meeting
WASHINGTON, March 3 (Reuters) - The U.S. objected to a recommendation on "sustainable" aviation fuels made at a meeting held by the U.N.'s International Civil Aviation Organization, the State Department said on Monday.The ICAO's multinational Committee on Aviation Environmental Prote...Reuters
Mon, Mar 3
CBOT wheat ends down, following corn and soybeans lower
CHICAGO, March 3 (Reuters) - Chicago Board of Trade wheat futures closed lower on Monday, retreating from early advances as corn and soybean futures declined on rising trade tensions and expectations of large South American crops, traders said.CBOT May soft red winter wheat WK25 settled down 8 cents...Reuters
Mon, Mar 3
CBOT soy ends down on trade woes, Brazilian harvest progress
CHICAGO, March 3 (Reuters) - Chicago Board of Trade soybean futures closed lower on Monday on spillover weakness from sliding corn futures, worries about trade tensions with U.S. soy buyers and the ongoing harvest of a bumper Brazilian soy crop, traders said. CBOT May soybeans SK25 settled down 14-1...Reuters
Mon, Mar 3
CBOT corn ends down nearly 3% on trade jitters, S.American crops
CHICAGO, March 3 (Reuters) - Chicago Board of Trade corn futures fell 2.8% on Monday as worries about trade tensions and ample South American harvests appeared to spur commodity funds to liquidate more of their large net long position, traders said.CBOT May corn CK25 settled down 13-1/4 cents at $4....Reuters
Mon, Mar 3
Ecuador awards 20-year production sharing contract to New Stratus Energy, Sinopec-linked consortium
QUITO, March 3 (Reuters) - A consortium made up of subsidiaries of Chinese state energy giant Sinopec 600028.SS and Canada's New Stratus Energy NSE.V has been awarded a 20-year production sharing contract for Ecuador's most productive oil block, New Stratus Energy said in a statement on Mond...Reuters
Mon, Mar 3
Oil prices fall 2% to 12-week low with OPEC+ set to increase output
US tariffs on Mexico and Canada due to take effect on TuesdayUS drawing up a plan that could give Russia sanctions reliefChina preparing countermeasures to US tariffsBritain talks about proposals for possible Ukraine ceasefireAdds latest pricesBy Scott DiSavino NEW YORK, March 3 (Reuters) - Oil p...Reuters
Mon, Mar 3
Canada foreign minister says if Trump imposes tariffs, 'we're ready'
OTTAWA, March 3 (Reuters) - Canada will be ready to respond if U.S. President Donald Trump goes ahead with a threat to impose tariffs on all Canadian imports, Foreign Minister Melanie Joly told reporters on Monday.Joly reiterated Ottawa's position that Canadian countermeasures against U.S. impor...Reuters
Mon, Mar 3
ICE canola futures fall with oils
All figures in Canadian dollars unless notedWINNIPEG, Manitoba - March 3 (Reuters) - ICE canola futures fell Monday as vegoils and crude oil dropped.• March canola RSK5 settled down $5.20 at $645.90 per metric ton.• Tariff threats hung over the canola market Monday, just hours before 25% tariffs on ...Reuters
Mon, Mar 3
US natgas prices jump 8% on record LNG flows, Germany not in talks on Nord Stream 2
US gas output hits record high in FebruaryUS LNG export feedgas hits record high in FebruaryOutput and LNG export feedgas on track to hit new records in MarchAdds closing pricesBy Scott DiSavino March 3 (Reuters) - U.S. natural gas futures jumped about 8% on Monday on record flows to liquefied na...Reuters
Mon, Mar 3
Power Up: Awaiting Trump's tariffs deadline
Power Up is published on Mondays and Thursdays. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here.March 3 - By Liz Hampton, Editor-In-Charge, US Energy MarketsHello Power Up readers! Oil prices are steady to kick off the week ahead of...Reuters
Mon, Mar 3
OPEC+ to proceed with planned April oil output hike
OPEC+ to boost output by 138,000 bpd in AprilSanctions, tariffs uncertainty made decision harder, sources sayTrump wants OPEC to produce more oil Adds details, oil price reaction, OPEC statementBy Ahmad Ghaddar, Olesya Astakhova and Alex Lawler LONDON, March 3 (Reuters) - OPEC+ has decided to pro...Reuters
Mon, Mar 3
GRAINS-Corn extends slide as trade woes, big S.American crops spur selloff
Recasts; updates prices, adds quotes, changes byline, changes dateline from previous HAMBURGBy Julie Ingwersen CHICAGO, March 3 (Reuters) - Benchmark U.S. corn futures fell on Monday for a sixth straight session, sliding nearly 3% as worries about trade tensions and ample South American harvests ...Reuters
Mon, Mar 3
Senator asks Rubio to answer questions on planned Tesla Cybertruck purchase
March 3 (Reuters) - Democratic Senator Richard Blumenthal on Monday asked U.S. Secretary of State Marco Rubio to answer questions about a reported plan to spend $400 million to purchase armored versions of Tesla TSLA.O Cybertrucks to transport diplomats.Blumenthal said the State Department has publi...Reuters
Mon, Mar 3
LME updates trading rules ahead of platform launch on March 24
March 3 (Reuters) - The London Metal Exchange has announced updates to its electronic trading policies ahead of the rollout of "LMEselect v10," its new trading platform, scheduled to go live on March 24.The LME, owned by Hong Kong Exchanges and Clearing Ltd. 0388.HK, said on its website the ...Reuters
Mon, Mar 3
US Plains HRW Wheat-Basis bids mixed as futures hit one-month low
CHICAGO, March 3 (Reuters) - Spot basis bids for hard red winter wheat were mixed in the U.S. Plains on Monday as buyers rolled their basis bids to the K.C. May HRW futures contract KWK25 and falling wheat futures discouraged farmers from selling.* Grain merchants have rolled their basis bids to be ...Reuters
Mon, Mar 3
Trump alerts American farmers: get ready for external tariffs April 2
WASHINGTON, March 3 (Reuters) - President Donald Trump on Monday alerted America's farmers to coming U.S. tariffs on "external product," telling them to get ready to sell their goods domestically."To the Great Farmers of the United States: Get ready to start making a lot of agricultu...Reuters
Mon, Mar 3
Alabama Power to build 150 MW battery storage system on former power plant site
March 3 (Reuters) - Utility Southern Co's SO.N Alabama unit said on Monday it will develop a 150 megawatt (MW) utility-scale battery energy storage system (BESS) on the site of its former coal-fired power plant in Walker County.CONTEXTThe new Gorgas Battery Facility will house lithium ion phosph...Reuters
Mon, Mar 3
Top federal prosecutor in Washington says his office will pursue all gun cases, memo shows
Martin launches new initiative called "Make D.C. Safe Again"Jonathan Hornok to step in as new chief of office's Criminal DivisionProsecutors must seek pretrial detention for firearms cases, and appeal denials WASHINGTON, March 3 (Reuters) - Federal prosecutors in Washington, D.C., wer...Reuters
Mon, Mar 3
