News
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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
Trump says Venezuela to turn over 30 to 50 million barrels of oil to US
Jan 6 (Reuters) - Venezuela will be "turning over" 30 to 50 million barrels of sanctioned oil to the United States, President Donald Trump said on Tuesday in the aftermath of the toppling of Nicolas Maduro who was seized from his country by U.S. forces over the weekend. "This Oil will be...Reuters
Wed, Jan 7
China buys more US soybeans, total purchases approach 10 million tons
SINGAPORE/BEIJING, Jan 6 (Reuters) - China's state stockpiler Sinograin bought 10 U.S. soybean cargoes this week, three traders told Reuters on Tuesday, as the world's top buyer continues purchasing from the United States following a late October trade truce.Reuters
Wed, Jan 7
Caracas, Washington in talks to export Venezuelan oil to US, sources say
Deal would redirect Venezuelan oil exports to US from ChinaExports would stem further cuts to Venezuelan outputChevron only US firm currently authorized to export Venezuelan oilTalks focus on possible sale terms, US licenses for PDVSA partnersUS Interior Secretary says US Gulf refiners would take adReuters
Wed, Jan 7
Gold Price Forecast: XAU/USD extends upside to near $4,500 on Venezuela turmoil
Gold price (XAU/USD) climbs to near $4,500 during the early Asian trading hours on Wednesday. The precious metal rises by more than 1% in the day as geopolitical tensions and expectations of US rate cuts keep demand for gold high.Fxstreet
Wed, Jan 7
CIF/FOB Gulf Grain-Soybean export basis steady to firm as China buys
CHICAGO, Jan 6 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were steady to firm on Tuesday, underpinned by good export demand and elevated near-term freight costs, traders said.China's Sinograin booked about 10 U.S. soybean cargoes to start the week as Beijin...Reuters
Tue, Jan 6
US Cash Crude-Coastal grades remain weak as Caracas, Washington in talks to export Venezuelan oil to US
HOUSTON, Jan 6 (Reuters) - U.S. Gulf Coast grades remained weak on Tuesday, dealers said, as government officials in Caracas and Washington were discussing exporting Venezuelan crude to refiners in the United States, according to sources.A deal could divert supplies away from China and add to heavy ...Reuters
Tue, Jan 6
CANADA-CRUDE-Western Canada Select widens again; Venezuela impact likely limited for now, analysts say
Jan 6 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 widened on Tuesday, but analysts said Canadian heavy crude is unlikely to be significantly impacted in the short-term by the situation in Venezuela.WCS for February delivery in Ha...Reuters
Tue, Jan 6
