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GRAINS-Soybeans rise as China buys US supplies; wheat, corn firmer
BEIJING, Jan 7 (Reuters) - Chicago soybean futures jumped on Wednesday, supported by continued Chinese purchases of the U.S. crop, though ample global supplies capped gains.The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 rose 0.8% to $10.64-3/4 a bushel by 0623 GMT.CBOT whe...Reuters
Wed, Jan 7
PRESS DIGEST- New York Times business news - January 7
Jan 7 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- U.S. President Donald Trump said that Venezuela would begin sending oil to the U.S., a claim he made as he threatened a naval block...Reuters
Wed, Jan 7
VEGOILS-Palm oil futures rise on gains in rival oils, ringgit weakness
JAKARTA, Jan 7 (Reuters) - Malaysian palm oil futures climbed on Wednesday, tracking soyoil strength in Dalian and Chicago, while weakness in the ringgit added support.The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange gained 14 ringgit, or 0.35%, to...Reuters
Wed, Jan 7
Valero to keep importing gasoline after Benicia refinery closure
Jan 6 (Reuters) - California Governor Gavin Newsom said on Tuesday that Valero Energy VLO.N would keep importing gasoline into Northern California after its Benicia refinery ceases operations in April rather than making a full exit from the market.The San Antonio, Texas-based refiner said last year ...Reuters
Wed, Jan 7
ROI-US tariff pull on copper drains China's bonded warehouses: Andy Home
By Andy Home LONDON, Jan 7 (Reuters) - China's exports of refined copper surged to record levels last year as the world's top buyer found itself in unusual competition with the U.S. for spare metal. The CME's U.S. copper contract HGc1 continues to command a sizeable premium over the i...Reuters
Wed, Jan 7
Japan says China's dual-use export ban 'unacceptable', rare earths in crosshairs
Japan's top government spokesperson said on Wednesday that China's ban on exports of dual-use items to the country was "absolutely unacceptable and deeply regrettable", as a diplomatic dispute between Asia's top two economies ramped up.Reuters
Wed, Jan 7
Gold pulls back from $4,500 amid profit-taking ahead of key US macro data
Gold (XAU/USD) struggles to capitalize on its strong weekly gains registered over the past two days and faces rejection near the $4,500 psychological mark, or over a one-week high touched during the Asian session on Wednesday.
Fxstreet
Wed, Jan 7
TECHNICALS-CBOT soybeans neutral in $10.57-3/4 to $10.70 range
For more technical analyses, please click SINGAPORE, Jan 7 (Reuters) - The CBOT soybean March contract SH26 looks neutral in a range of $10.57-3/4 to $10.70 per bushel, and an escape could suggest a direction.A break below $10.57-3/4 could trigger a fall into $10.44 to $10.51-1/4 range. However, the...Reuters
Wed, Jan 7
WRAPUP 7-Trump announces plan to sell Venezuelan oil as US signals it is in talks with Caracas
Trump announces plan to sell Venezuelan oilDeath toll from military operation was 75 - Washington PostUS warns interior minister to support interim president - sourcesToppled Maduro in New York jail on drug charges WASHINGTON, Jan 6 (Reuters) - President Donald Trump on Tuesday unveiled a plan to...Reuters
Wed, Jan 7
VEGOILS-Palm oil futures rise on gains in rival oils, ringgit weakness
JAKARTA, Jan 7 (Reuters) - Malaysian palm oil futures opened higher on Wednesday, tracking rival edible oils in Dalian and Chicago, while weakness in the ringgit added support.The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange gained 10 ringgit, or 0...Reuters
Wed, Jan 7
Valero Benicia refinery to produce gasoline through April, California Governor Newsom says
Jan 6 (Reuters) - California Governor Gavin Newsom on Tuesday said Valero Energy's VLO.N Benicia refinery will continue producing gasoline through April, and then continue importing gasoline into Northern California beyond April once the refinery fully idles.Newsom's statement follows Valero...Reuters
Wed, Jan 7
PRESS DIGEST- Financial Times - January 7
Jan 7 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- KLM warns of de-icer shortage after Schiphol snowstorms- Accenture buys UK AI start-up Faculty in $1 billion deal- Amgen swoops on UK ca...Reuters
Wed, Jan 7
Orsted's Sunrise Wind to challenge US suspension of wind project lease
Jan 7 (Reuters) - Denmark's Orsted ORSTED.CO said on Wednesday its unit Sunrise Wind will challenge the U.S. government's decision last month to suspend its offshore wind project lease and will seek a court injunction. The Trump administration suspended leases on December 22 for f...Reuters
Wed, Jan 7
GRAINS-Soybeans rise as China buys US supplies; wheat, corn edge higher
BEIJING, Jan 7 (Reuters) - Chicago soybean futures rose on Wednesday as continued Chinese purchases of U.S. supplies supported prices, though gains were capped by ample global supplies. Wheat edged higher as traders monitored crop conditions across the U.S. Plains, while corn also posted modest gai...Reuters
Wed, Jan 7
WTI seems vulnerable below mid-$56.00s as Trump’s Venezuela oil plan fuels supply hopes
West Texas Intermediate (WTI) US Crude Oil prices extend the previous day's sharp pullback from the $58.65-$58.70 region, or over a one-week high, and attract heavy selling for the second straight day on Wednesday.Fxstreet
Wed, Jan 7
Venezuela to export $2 billion worth of oil to US in deal with Washington
Deal to redirect Venezuelan oil exports to US from ChinaTrump says agreed volume to supply is 30-50 million barrelsExports expected to stem further cuts to Venezuelan outputChevron only US firm currently authorized to export Venezuelan oilUS Interior Secretary says US Gulf refiners would take advant...Reuters
Wed, Jan 7
