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US judge sets Friday hearing on suit to restore New York tunnel funding
WASHINGTON, Feb 4 (Reuters) - A U.S. judge will hold a hearing on Friday on the emergency request of New York and New Jersey to force the restoration of funding for the massive $16 billion Hudson River tunnel before construction is set to halt on Friday.The states, which filed suit late on Tuesday, ...Reuters
Wed, Feb 4
Latin America's oil leaders to outcompete Venezuela through 2030, Rystad says
MEXICO CITY, Feb 4 (Reuters) - Argentina, Guyana and Brazil will lead Latin American oil production growth in 2026, adding more than 700,000 barrels per day and outcompeting Venezuela through at least 2030, according to Rystad Energy analysis.KEY CONTEXT• Latin America's oil production is foreca...Reuters
Wed, Feb 4
US Cash Grains-Corn basis rises at river terminals, ethanol plants
CHICAGO, Feb 4 (Reuters) - Basis bids for corn were steady to higher at river terminals and ethanol plants and steady to lower at other kinds of processors at locations in the U.S. Midwest on Wednesday as futures firmed slightly. The corn basis fell at processors in Decatur, Illinois, and Cedar Rapi...Reuters
Wed, Feb 4
CBOT wheat eases on ample supply, improving Black Sea forecast
CHICAGO, Feb 4 (Reuters) - Chicago Board of Trade wheat futures ticked lower on Wednesday on an ample global supply of the grain and an improving forecast for the wheat crop in the Black Sea. Ample global supply continued to cap grain prices as traders started to look ahead to world crop forecasts f...Reuters
Wed, Feb 4
GRAINS-Chicago soybeans jump to two-month high on Trump comments
By Heather Schlitz CHICAGO, Feb 4 (Reuters) - Chicago Board of Trade soybean futures hit a two-month high on Wednesday following comments by U.S. President Donald Trump about China buying more U.S. soybeans, traders said.In a post on his Truth Social platform, Trump said China is "lifting the...Reuters
Wed, Feb 4
CBOT soybeans surge on Trump comments
CHICAGO, Feb 4 (Reuters) - Chicago Board of Trade soybean futures hit a two-month high on Wednesday following comments by U.S. President Donald Trump about China buying more U.S. soybeans, traders said.In a post on his Truth Social platform, Trump said China is "lifting the Soybean count to 20 M...Reuters
Wed, Feb 4
Senators seek US Export-Import Bank reauthorization to support push for critical minerals
Feb 4 (Reuters) - U.S. Senators Kevin Cramer and Mark Warner have introduced legislation to reauthorize the U.S. Export-Import Bank for the next decade, Cramer said in a statement on Wednesday, as the U.S. speeds up efforts to secure critical minerals.Washington has been moving to offset what policy...Reuters
Wed, Feb 4
CBOT corn choppy amid technical trading
CHICAGO, Feb 4 (Reuters) - Chicago Board of Trade corn futures spent the session see-sawing and ended little changed as the grain was buffeted by technical trading.The U.S. Treasury Department on Tuesday released updated guidance on biofuel tax credits, a move welcomed by traders as giving clarity t...Reuters
Wed, Feb 4
US Plains HRW Wheat-Basis bids steady as futures dip
CHICAGO, Feb 4 (Reuters) - Basis bids for hard red winter wheat were steady in the U.S. Southern Plains on Wednesday as futures fell. Dealers this week reported a largely quiet trade.Wetter weather forecast in the coming weeks would benefit the Southern Plains winter wheat crop, according to Commod...Reuters
Wed, Feb 4
US nuclear power regulator plans changes in line with Trump goals on reactors
WASHINGTON, Feb 4 (Reuters) - The U.S. nuclear power regulator said on Wednesday it is undergoing a reorganization in line with President Donald Trump's goals on speeding up licensing of nuclear reactors. The Nuclear Regulatory Commission said in a release it will appoint leaders for the reactor...Reuters
Wed, Feb 4
Bunge forecasts profit below estimates as trade, biofuel uncertainty take toll
Bunge reports weakest Q4 and annual profit since 2019Grains glut, trade turmoil hit agribusiness profitabilityBiofuel policy delays affect Bunge profitability, decisionsBy Karl Plume and Pooja Menon Feb 4 (Reuters) - Bunge Global BG.N forecast lower-than-expected profit in 2026 on Wednesday as t...Reuters
Wed, Feb 4
Gold slides nearly 1% as US Dollar firms, geopolitics tensions de-escalate
Gold price retreats during the North American session on Wednesday, down more than 1% after reaching a three-day high of $5,091. A mixed market mood and modest US Dollar strength keep XAU/USD trading with losses at around $4,901 at the time of writing.
Fxstreet
Wed, Feb 4
PRECIOUS-Gold slips on firmer dollar, focus on geopolitics and US jobs data
ADP national employment report misses expectations January nonfarm payrolls report to be released on February 11Silver up over 28% this yearBy Anmol Choubey Feb 4 (Reuters) - Gold prices reversed course and slipped on Wednesday, as the dollar strengthened and investors booked profits after recent...Reuters
Wed, Feb 4
Outside auditors to monitor flows of oil funds to Venezuela, Bessent says
WASHINGTON, Feb 4 (Reuters) - The U.S. Treasury will bring in outside auditors to monitor the flow of oil funds to Venezuela, Treasury Secretary Scott Bessent told lawmakers on Wednesday. Bessent told the House Financial Services Committee that he was not aware of an agreement already in place t...Reuters
Wed, Feb 4
EXCLUSIVE-EU rethinks climate diplomacy after bruising COP30 summit, document shows
EU looks at using trade, finance leverage in climate talksBloc won little movement on fossil fuels at COP30 Some countries weigh rejecting weak COP climate deals in futureBy Kate Abnett BRUSSELS, Feb 4 - The European Union is mulling a new strategy in its diplomatic efforts on climate change afte...Reuters
Wed, Feb 4
Mexico's Pemex supplied $496 million of oil to Cuba in 2025
By Ana Isabel Martinez and Raul Cortes MEXICO CITY, Feb 4 (Reuters) - Mexico's Pemex supplied crude oil and petroleum products to Cuba worth $496 million in 2025 through a commercial contract effective since 2023, the CEO of the state energy company, Victor Rodriguez, said on Wednesday.The sh...Reuters
Wed, Feb 4
Treasury's Bessent says he was wrong when he said tariffs could be inflationary
WASHINGTON, Feb 4 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said he was wrong when he and his Key Square investment firm told partners in January 2024 - before U.S. President Donald Trump won the presidency - that "tariffs are inflationary."Grilled about the document dur...Reuters
Wed, Feb 4
