News
Important Only
ICE canola futures slip while soyoil rises
All figures in Canadian dollars unless notedWINNIPEG, Manitoba - Feb 18 (Reuters) - ICE canola futures slipped Tuesday despite strength in the soyoil market, taking a breather following much fund buying last week.• March canola RSH5 settled down $1.60 at $661.90 per metric ton. May and July were als...Reuters
Tue, Feb 18
CANADA RESEARCH ROUNDUP-Bank of Montreal, Capital Power, Transalta
Feb 18 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Bank of Montreal, Capital Power and Transalta on Tuesday. HIGHLIGHTS * Bank of Montreal BMO.TO: CIBC raises target price to C$154 from C$150* Capital Power Corp CPX.TO: CIBC...Reuters
Tue, Feb 18
US Plains HRW Wheat-Basis bids steady to weak as futures hit 4-month peak
CHICAGO, Feb 18 (Reuters) - Basis bids for hard red winter wheat were steady to lower at locations around the southern U.S. Plains in muted trading on Tuesday as futures climbed to a four-month high but farmers' sales remained limited, grain merchants said. * Grain movement was slow on Tuesday d...Reuters
Tue, Feb 18
CBOT wheat closes higher on Russia, US weather worries
Feb 18 (Reuters) - Chicago Board of Trade wheat futures touched a four-month high on Tuesday on concerns over cold weather threatening crops in Russia and the United States, brokers said.Short covering and spillover strength from a 16-month high in CBOT corn Cv1 helped lift wheat prices, they said.A...Reuters
Tue, Feb 18
Exxon's fourth floating oil production facility for Guyana departs from Singapore
Updates headlineBy Marianna Parraga, Kemol King GEORGETOWN, Feb 18 (Reuters) - The fourth floating production facility to be operated by a consortium led by Exxon Mobil XOM.N in Guyana has departed from Singapore on its route to the South American country's waters, according to a company exec...Reuters
Tue, Feb 18
US natgas prices jump 8% to 3-week high as cold freezes wells
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 18 (Reuters) - U.S. natural gas futures jumped about 8% on Tuesday to a three-week high, as extreme cold...Reuters
Tue, Feb 18
Constellation forgoes earnings call for first time since spinoff
By Laila Kearney NEW YORK, Feb 18 (Reuters) - Constellation Energy CEG.O, the largest U.S. nuclear power operator, skipped its quarterly earnings investor call on Tuesday for the first time since going public three years ago.Constellation did not immediately respond to a request for comment. The ...Reuters
Tue, Feb 18
CBOT soy ends up on spillover strength from 16-month high in corn
Feb 18 (Reuters) - Chicago Board of Trade soybean futures closed firmer on Tuesday on spillover support from a 16-month high in the neighboring corn market, brokers said.Borrowed strength from gains in corn futures Cv1 offset improving crop weather in Argentina that was bearish for the market, they ...Reuters
Tue, Feb 18
Russia says drone attack cut oil via Kazakhstan Caspian pipeline by up to 40%
Russian Deputy Prime Minister Alexander Novak says repairs could take monthsUkraine attacks CPC pumping station with dronesCPC pumps crude from companies including U.S. Chevron and Exxon MobilMain export route for more than 1% of global oil suppliesRecasts headline and lead, adds information from Ka...Reuters
Tue, Feb 18
US EPA grants West Virginia authority to oversee carbon capture
By Valerie Volcovici WASHINGTON, Feb 18 (Reuters) - The U.S. Environmental Protection Agency on Tuesday formally gave West Virginia authority to oversee carbon capture projects in the state, the fourth state granted such ability.The agency signed a final rule granting primary enforcement authorit...Reuters
Tue, Feb 18
CBOT corn ends above $5 per bushel in most-active contract
Feb 18 (Reuters) - Chicago Board of Trade corn futures finished above $5 a bushel in the most-active contract Cv1 on Tuesday after U.S. export demand pushed prices to their highest level since October 2023, analysts said.CBOT March corn CH25 rose 5-3/4 cents to end at $5.02 per bushel.U.S. export de...Reuters
Tue, Feb 18
PRECIOUS-Gold rises as Trump tariff uncertainty fuels safe-haven demand
Bullion hit record peak of $2,942.70 last week Central bank buying should continue to support gold- CommerzbankFed's January meeting minutes due on WednesdayUpdates for market closeBy Anmol Choubey Feb 18 (Reuters) - Gold prices rose over 1% on Tuesday as concerns over economic growth, due to...Reuters
Tue, Feb 18
Europe Gasoline/Naphtha-Gasoline margins dip lower
LONDON, Feb 18 (Reuters) - Northwest European gasoline refining profit margins fell by 77 cents on Tuesday to $9.34 a barrel, while a cargo changed hands in the Mediterranean.There were no Eurobob E10 barge trades in the Argus window on Tuesday.A total of 7,800 metric tons of E5 gasoline barges trad...Reuters
Tue, Feb 18
Guyana, Dominican Republic advance on oil drilling and refining
Adds context in paragraphs 3, 4, 6 and 9, quote in paragraphs 5 and 7By Kemol King and Marianna Parraga GEORGETOWN, Feb 18 (Reuters) - Guyana and the Dominican Republic are making progress on accords for offshore oil and gas exploration and to build a fertilizer plant and potentially a refinery i...Reuters
Tue, Feb 18
North Dakota sees up to 150,000 bpd hit to oil production due to cold weather
Feb 18 (Reuters) - The North Dakota Pipeline Authority said oil production was estimated to be down between 120,000 and 150,000 barrels of oil per day, as of Tuesday morning, due to the recent extreme cold and related operations challenges.North Dakota is the third-largest oil-producing state in the...Reuters
Tue, Feb 18
BRIEF-Snow Lake Resources To Acquire 100% Interest In Buffalo Uranium Project
Feb 18 (Reuters) - Snow Lake Resources Ltd LITM.O:SNOW LAKE RESOURCES: ENTERS INTO BINDING LETTER OF INTENT TO ACQUIRE 100% INTEREST IN BUFFALO URANIUM PROJECTSource text: [ID:n0001062993-25-002640]Further company coverage: LITM.OReuters
Tue, Feb 18
GRAINS-Corn futures jump to 16-month high above $5 a bushel
Adds latest U.S. tradingBy Tom Polansek CHICAGO, Feb 18 (Reuters) - Chicago Board of Trade corn futures reached a 16-month high above $5 a bushel on Tuesday on robust U.S. export demand and expectations that inventories may tighten, analysts said. Wheat futures touched their highest price since O...Reuters
Tue, Feb 18
Med crude-Urals diffs unchanged, oil pumping via CPC pipeline down 30-40%
MOSCOW, Feb 18 (Reuters) - Urals crude differentials to dated Brent were stable on Tuesday, while oil flows via CPC pipeline were down by 30-40%, Russian officials said.Russian Deputy Prime Minister Alexander Novak said on Tuesday that the volume of oil pumped through the CPC was down by 30-40% due ...Reuters
Tue, Feb 18
Exxon's fourth FPSO for Guyana departs from Singapore -company, vessel data
GEORGETOWN, Feb 18 (Reuters) - The fourth floating production facility to be operated by a consortium led by Exxon Mobil XOM.N in Guyana has departed from Singapore on its route to the South American country's waters, according to a company executive and LSEG vessel tracking data seen on Tuesday...Reuters
Tue, Feb 18
