News
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ICE canola futures rise on tariffs delay relief
All figures in Canadian dollars unless notedWINNIPEG, Manitoba - Feb 26 (Reuters) - ICE canola futures embraced news Wednesday that Donald Trump might again delay tariffs on Canadian products.• May canola RSK5 settled up $7.40 at $664.40 per metric ton. Gains were lower in November 2025 RSX5 to Marc...Reuters
Wed, Feb 26
Oil falls, settles at 2-month low as US fuel inventories rise
US crude stocks fall, gasoline and distillate inventories rise, EIA reportsPotential peace deal between Russia and Ukraine weighs on pricesOil sanctions in focus after talks between US and RussiaTrump orders termination of oil deal with VenezuelaUpdates prices and market activity to settlementBy Nic...Reuters
Wed, Feb 26
CBOT soybeans fall on South America harvest, tariff worries
CHICAGO, Feb 26 (Reuters) - Chicago Board of Trade soybean futures closed lower on Wednesday, pressured by the harvest in South America, according to analysts, and concerns about retaliation to U.S. tariffs set to go into effect on March 4. CBOT May soybeans SK25 settled down 7-1/2 cents at $10.41-1...Reuters
Wed, Feb 26
US Plains HRW Wheat-Basis bids hold mostly steady as futures drop
CHICAGO, Feb 26 (Reuters) - Spot basis bids for hard red winter wheat held mostly in the U.S. Plains farm belt on Wednesday on light demand and lower futures prices, grain merchants said.* Farmer sales were slow as futures declined for a third straight day and as growers continued to wait for higher...Reuters
Wed, Feb 26
World's top copper mine Escondida set to normalize operations in coming hours
SANTIAGO, Feb 26 (Reuters) - Chilean mine Escondida, the world's largest copper mine, expects to return to regular operations in the next few hours, a source close to the matter told Reuters on Wednesday, after a massive power outage.Chile's power grid and major copper mines slowly came back...Reuters
Wed, Feb 26
CBOT wheat falls on tariff concerns, snow protection in U.S. Plains
CHICAGO, Feb 26 (Reuters) - Chicago Board of Trade wheat futures ended lower on Wednesday as the crop emerged with little damage after a week of cold temperatures in the U.S. Plains, according to analysts, and traders worried that tariffs on imports from Canada and Mexico set to go into effect on Ma...Reuters
Wed, Feb 26
Ukraine's Zelenskiy: It is important to ensure U.S. aid does not stop
Feb 26 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Wednesday that the key part of his forthcoming talks with his U.S. counterpart Donald Trump was to ensure that there be no halt to Washington's assistance for his country."I will meet President Trump," Zelenskiy said in h...Reuters
Wed, Feb 26
Citi predicts 25% US copper-specific tariff by fourth quarter
Adds more details from the research note Feb 26 (Reuters) - Citi anticipates an eventual implementation of a 25% copper-specific tariff by the fourth quarter of 2025, following U.S. President Donald Trump's executive order initiating an investigation into U.S. copper imports, the bank said in...Reuters
Wed, Feb 26
US natgas prices fall 6% to one-week low on record output, mild weather
Mild weather allows frozen wells to return to serviceUS gas output near record high in FebruaryUS LNG export feedgas on track for record high in FebruaryAdds latest pricesBy Scott DiSavinoFeb 26 (Reuters) - U.S. natural gas futures fell about 6% to a one-week low on Wednesday on record output, contr...Reuters
Wed, Feb 26
EDPR posts unexpected loss on heavy impairments in US, Colombia
Recasts, adds impairments, capacity additions, CEO quoteBy Sergio Goncalves LISBON, Feb 26 (Reuters) - Wind power producer EDP Renovaveis EDPR.LS posted an unexpected 2024 net loss of 556 million euros ($584 million) on Wednesday, citing one-off charges on projects ...Reuters
Wed, Feb 26
PRECIOUS-Gold prices slip, investors eye upcoming US PCE data
U.S. PCE data due on FridayBullish trend persists for gold, analyst sayGold hit record high of $2,956.15 on MondayUpdates for market closeBy Anmol ChoubeyFeb 26 (Reuters) - Gold prices eased on Wednesday after a recent record rally, while investors looked towards inflation data due later this week a...Reuters
Wed, Feb 26
Citi predicts 25% copper-specific tariff by fourth quarter
Feb 26 (Reuters) - Citi anticipates an eventual implementation of a 25% copper-specific tariff by the fourth quarter of 2025, following U.S. President Donald Trump's executive order initiating an investigation into U.S. copper imports, the bank said in a note on Wednesday. Citi further expects...Reuters
Wed, Feb 26
Crude oil exports by Mexico's Pemex plummet 44% in January
By Ana Isabel Martinez MEXICO CITY, Feb 26 (Reuters) - Crude oil exports by Mexican state energy company Pemex PEMX.UL plunged 44% year-on-year in January to 532,404 barrels per day (bpd), its lowest in decades, official numbers show, as the company has admitted it is struggling with crude qualit...Reuters
Wed, Feb 26
BRIEF-Citi Maintains Jkm And Ttf Gas Likely To Trade Below $13/Mmbtu In 2H25
Feb 26 (Reuters) - CITI RESEARCH:MAINTAINS BASE CASE THAT JKM AND TTF GAS ARE LIKELY TO TRADE BELOW $13/MMBTU IN 2H25 VERSUS THE RANGE OF $14-15/MMBTU CURRENTLYSAYS JAPAN’S LNG IMPORTS ARE LIKELY TO DECLINE BY 3 TO 5-BCM, OR 4 TO 5% Y/Y IN 2025 DUE TO NUCLEAR RESTARTS AND PRICE-INDUCED FUEL SWITCHIN...Reuters
Wed, Feb 26
Europe Gasoline/Naphtha-Gasoline refining margins rise despite US stockbuild
LONDON, Feb 26 (Reuters) - Northwest European gasoline refining profit margins rose by about 26 cents on Wednesday, to $8.47 a barrel, even as U.S. stocks rose last week. A total of 4,000 metric tons of E10 gasoline barges traded, as Gunvor sold to Varo.A further 1,000 tons of Eurobob E5 traded, wit...Reuters
Wed, Feb 26
GRAINS-Chicago grains and soybeans dip on year-end positioning, tariff worries
Updates with US tradingBy Renee Hickman CHICAGO, Feb 26 (Reuters) - Chicago corn, soy and wheat eased on Wednesday as traders took profits and monitored the possible impacts of U.S. tariffs on imports from Mexico and Canada, set to take effect on March 4 after a 30-day delay.The most active soybe...Reuters
Wed, Feb 26
US Cash Grains-Soybean basis bids mostly steady to firm as futures dip
CHICAGO, Feb 26 (Reuters) - Spot basis bids for soybeans delivered to interior elevators and processing plants around the U.S. Midwest were mostly steady to higher on Wednesday as futures declined and farmer selling remained limited, merchants said.* Soy basis bids at river elevators were flat as de...Reuters
Wed, Feb 26
EU wheat slips back to four-week low
PARIS, Feb 26 (Reuters) - European wheat futures eased to a new four-week low on Wednesday as weakness in Chicago countered support from talk of fresh export demand for Western European wheat.May wheat BL2K5, the most-active contract on Euronext, settled 0.8% lower at 230.00 euros ($241.36) a metric...Reuters
Wed, Feb 26
Copper giant Chile monitoring US probe into potential metals tariffs
Adds details from foreign ministry in 3-4By Fabian Cambero SANTIAGO, Feb 26 (Reuters) - Chile's foreign ministry said on Wednesday it is "monitoring" a U.S. probe looking into potential new tariffs on imports of copper, a metal critical to electric vehicles, military hardware, the pow...Reuters
Wed, Feb 26
No-shows, aid cuts mar G20 meet on global poverty
U.S., China, Japan, India, Canada finance ministers absent Discussions also overshadowed by sharp disagreementsClimate finance, financial reform, inequality in focusAdds comments from Japanese official in paragraphs 7 and 8By Kopano Gumbi, Andy Bruce and Leika Kihara CAPE TOWN, Feb 26 (Reuters) -...Reuters
Wed, Feb 26
