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US natgas prices slide 3% on less cold forecasts
Freezing wells cut US output in recent daysUS gas output still on track for record high in FebruaryUS LNG export feedgas on track for record high in FebruaryAdds latest pricesBy Scott DiSavinoFeb 20 (Reuters) - U.S. natural gas futures slid about 3% on Thursday from a 25-month high in the prior sess...Reuters
Thu, Feb 20
CBOT soy rises on lingering concerns over Argentina crop weather
Feb 20 (Reuters) - Chicago Board of Trade soybean futures closed higher on Thursday amid lingering concerns about unfavorable crop weather in Argentina, analysts said.The International Grains Council lowered its 2024/25 global soybean production estimate by 2 million tons to 418 million, reflecting ...Reuters
Thu, Feb 20
US agency staff told not to speak with Congress, lawmaker says
By Leah DouglasWASHINGTON, Feb 20 (Reuters) - Staff at the U.S. farm, environment and interior agencies have been instructed by the Trump administration not to speak with the U.S. Congress, Representative Chellie Pingree said in a letter sent to the agency administrators on Thursday. Pingree said th...Reuters
Thu, Feb 20
CBOT corn stabilizes a day after hitting 16-month high
Feb 20 (Reuters) - Chicago Board of Trade corn futures finished nearly unchanged on Thursday as the market took a breather after climbing to a 16-month high during the previous session, traders said.Traders are looking for direction from developments in U.S. trade policy, farmers' planting inten...Reuters
Thu, Feb 20
US power provider Southern Co raises capital investment plan by 30%
Recasts to focus on capex and data center demandFeb 20 (Reuters) - Southern Co SO.N boosted its base capital investment forecast through the end of the decade to $63 billion, or about 30% more than the previous plan, executives with the major U.S. power provider said on Thursday.Transmission project...Reuters
Thu, Feb 20
US Plains HRW Wheat-Basis bids hold mostly steady as futures retreat
CHICAGO, Feb 20 (Reuters) - Hard red winter wheat spot basis bids held mostly steady around the U.S. Plains on Thursday as futures prices declined but demand for the grain remained light, merchants said. * Farmers have already sold a significant share of the crop they harvested last year. Many are e...Reuters
Thu, Feb 20
Boxing-Undisputed champion Shields suspended in Michigan after marijuana test
Feb 20 (Reuters) - American boxer Claressa Shields, the undisputed world champion in three weight classes, has been suspended and is under investigation after testing positive for marijuana following her victory over heavyweight Danielle Perkins in Michigan.The Michigan Unarmed Combat Commission sus...Reuters
Thu, Feb 20
GRAINS-Soy, corn futures rise on weak dollar, South America crop concerns
Adds U.S. market activityBy Tom Polansek CHICAGO, Feb 20 (Reuters) - Chicago Board of Trade corn and soybeans rose on Thursday, recouping losses from the previous session with support from a weaker dollar and lingering concerns about poor crop weather in South America.A fall in the dollar index =...Reuters
Thu, Feb 20
US Army Corps revising list of energy emergency projects to fast-track
By Valerie Volcovici WASHINGTON, Feb 20 (Reuters) - The U.S. Army Corps of Engineers on Thursday said it is revising a list of more than 600 energy and other infrastructure projects it had earmarked to be fast-tracked under President Donald Trump's declaration of a national energy emergency.T...Reuters
Thu, Feb 20
Canada's Cenovus Energy profit falls on refining weakness, lower oil prices
Cenovus Energy's Q4 profit falls due to lower prices, weak refining marginsCenovus' U.S. refining revenues drop amid required turnaround workCanadian energy sector faces uncertainty with U.S. tariffs on importsChanges headline; recasts lead paragraph; updates throughout to include conference...Reuters
Thu, Feb 20
LNG exporter Cheniere looking to expand under Trump, CEO says
Cheniere wants to take advantage of Trump's support for LNGExpects to produce up to 90 MTPA of superchilled gasCompany's profits in 2024 fell due to lower LNG prices Recasts with plans to expand capacity; adds quote from Cheniere's CEO; new throughoutBy Curtis Williams Feb 20 (Reuters...Reuters
Thu, Feb 20
Guyana to soon sign oil agreement with TotalEnergies-led group
Guyana to sign oil deal with TotalEnergies-led consortiumGovernment seeking options to re-offer Corentyne blockExxon continues to dominate Guyana's oil industryBy Marianna Parraga and Kemol King GEORGETOWN, Feb 20 (Reuters) - Guyana expects to soon sign an oil production-sharing agreement wit...Reuters
Thu, Feb 20
Higher egg prices drove up inflation, and Walmart grocery revenue
Bird flu has decimated US egg supply, lifting pricesWalmart CFO calls spiking egg prices an anomalyWalmart has said higher tariffs could lead to price hikesBy Siddharth Cavale NEW YORK, Feb 20 (Reuters) - Higher egg prices, an issue U.S. President Donald Trump spoke about often during his electio...Reuters
Thu, Feb 20
US crude stockpiles rise, fuel draws down amid refinery maintenances, EIA says
Updates prices in paragraph 4, adds comments in paragraphs 11 and 15By Arathy Somasekhar and Georgina McCartney HOUSTON, Feb 20 (Reuters) - U.S. crude oil stockpiles rose while gasoline and distillate inventories fell last week as seasonal maintenance at refineries led to lower processing, the En...Reuters
Thu, Feb 20
US Cash Grains-Spot soybean basis bids mostly steady-firm, corn mixed
CHICAGO, Feb 20 (Reuters) - Spot basis bids for soybeans were mostly steady at processing plants and river elevators around the U.S. Midwest on Thursday and steady to firm at interior elevators, while corn bids were mixed, dealers said.* The spot soybean basis bid jumped by 11 cents a bushel at a Ci...Reuters
Thu, Feb 20
Europe Gasoline/Naphtha-Gasoline margins slide despite inventory fall
LONDON, Feb 20 (Reuters) - Northwest European gasoline refining profit margins fell sharply on Thursday to $7.84 a barrel despite a drop in regional inventories as export demand remained lacklustre. A total of 6,000 metric tons of E5 gasoline barges traded, as TotalEnergies and Trafigura sold barges...Reuters
Thu, Feb 20
Cameco sees uranium cost jump up for US customers if Trump's tariffs go into play
Feb 20 (Reuters) - Canadian uranium miner and producer Cameco CCO.TO says prices for U.S. customers could rise by 10% if President Trump's tariffs are implemented, weighing heavily on the country that relies primarily on imports of the ore.Executives on the company's earnings call also said ...Reuters
Thu, Feb 20
PRECIOUS-Gold prices soar to record high fueled by safe-haven demand
Safe-haven gold has risen 12% so far this yearHits all-time high of $2,954.69/oz, tenth record this yearAnalyst says fundamental factors remain very supportiveUpdates prices as of 1731 GMTBy Anmol Choubey Feb 20 (Reuters) - Gold prices surged to a record high on Thursday, as fears of a global tra...Reuters
Thu, Feb 20
Trump's aluminium tariffs to hit 123 products including chip equipment, Nikkei reports
Feb 21 (Reuters) - The additional U.S. tariffs on aluminium set to take effect on March 12 will cover 123 products including chipmaking equipment parts and aircraft components, Nikkei reported late on Friday.The items subject to the new tariffs have now been identified through an analysis of the Fed...Reuters
Thu, Feb 20
