News
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CIF/FOB Gulf Grain-Soybean, corn barge basis steady-weak in cautious trading
CHICAGO, March 2 (Reuters) - Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast terminals were steady to lower on Monday in subdued dealings as traders monitored developments in the Middle East after the U.S. and Israel attacked Iran over the weekend, brokers said.A strong export l...Reuters
Mon, Mar 2
LIVESTOCK-CME cattle tick higher on tight cattle supply
By Heather SchlitzCHICAGO, March 2 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures turned slightly higher on Monday on the continued tight supply of cattle and increasing number of New World Screwworm cases in Mexico, analysts said.Cattle futures lost ground the previous week ...Reuters
Mon, Mar 2
USTR to seek more foreign tariff cuts, USMCA improvements, China balance in 2026
WASHINGTON, March 2 (Reuters) - The U.S. Trade Representative's office said on Monday it will seek further reductions in foreign tariffs and non-tariff barriers this year, enforce its "reciprocal" trade deals and consider launching new unfair trade practices investigations.The pledges ar...Reuters
Mon, Mar 2
Rio Tinto bags up to $13.9 million from Canada for gallium metal project
March 3 (Reuters) - Rio Tinto RIO.AX said on Monday the Government of Canada has conditionally approved a non-repayable contribution of up to C$18.95 million ($13.86 million) for the miner's gallium metal research and development project.This follows the C$7 million committed by the Government o...Reuters
Mon, Mar 2
Entergy says power largely restored at substation in Louisiana
March 2 (Reuters) - Entergy ETR.N said on Monday that power was largely restored to customers in Lake Charles, Louisiana, after local media reported a fire at its substation.Entergy said the vast majority of the approximately 4,500 customers who lost service had been restored. The company said it wo...Reuters
Mon, Mar 2
US Cash Crude-Mars hits 1-year high as Iran war disrupts global supplies
HOUSTON, March 2 (Reuters) - Flagship U.S. offshore crude Mars Sour traded at its highest since December 2024 on Monday, dealers said, as war in Iran threatened global supplies of heavy, sour grades. Mars Sour jumped $1.50 compared with Friday's close, to trade at a premium of $3 to U.S. crude f...Reuters
Mon, Mar 2
CANADA-CRUDE-Discount on Western Canada Select narrows by almost $1 a barrel on Middle East output concerns
March 2 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 narrowed by almost $1 a barrel on Monday, as the Iran war disrupted Middle Eastern output.WCS for April delivery in Hardisty, Alberta, settled at $12.70 a barrel below...Reuters
Mon, Mar 2
Aluminium price surge will depend on length of Strait of Hormuz disruption, Goldman Sachs says
March 2 (Reuters) - Goldman Sachs said Monday the biggest risks to aluminium stem from potential disruptions to export routes and access to raw materials through the Strait of Hormuz, noting that the effect on prices should be limited if shipping disruptions are short. Benchmark aluminium CMAL3 on t...Reuters
Mon, Mar 2
About 10% of global container fleet caught in Hormuz backup, shipping CEO says
By Lisa Baertlein LONG BEACH, Calif., March 2 (Reuters) - Container ships account for roughly 100 of the 750 ships ensnared in the Strait of Hormuz backups following U.S. and Israeli attacks on Iran, Jeremy Nixon, CEO of container carrier Ocean Network Express (ONE), said on Monday."About 10%...Reuters
Mon, Mar 2
Entergy substation catches fire in Lake Charles, Louisiana, local media reports
March 2 (Reuters) - An Entergy ETR.N substation caught fire in Lake Charles, Louisiana, on Monday, parish officials confirmed, knocking out power to about 4,500 customers, local media reported.Smoke was visible across southern parts of the city after the blaze broke out at a substation off Big Lake ...Reuters
Mon, Mar 2
Capstone Copper Q4 revenue beats estimates
OverviewCopper producer's Q4 revenue reached record high, beating analyst expectationsAdjusted EBITDA for Q4 missed analyst estimates despite record copper productionCompany achieved record low C1 cash costs in Q4 2025OutlookCapstone Copper forecasts 2026 production of 200,000 to 230,000 tonnes ...Reuters
Mon, Mar 2
BigBear.ai Q4 revenue misses due to lower volume on Army programs
OverviewAI solutions provider's Q4 revenue fell 38%, missing analyst expectationsCompany closed Ask Sage and CargoSeer acquisitions, expanding into Middle EastCompany settled remaining $125 mln of 2029 convertible notes, reducing debtOutlookBigBear.ai projects 2026 revenue between $135 mln and $...Reuters
Mon, Mar 2
US will take action to mitigate oil price spike for Americans, Rubio says
March 2 (Reuters) - The Unites States will introduce action on Tuesday to mitigate rising energy prices due to a spike in the price of oil caused by the Iran conflict, U.S. Secretary of State Rubio said on Monday.Reuters
Mon, Mar 2
Qatar says it reserves complete right to respond after Iran attacks
CAIRO, March 2 (Reuters) - Qatar condemned Iranian attacks on its territory and said it reserves complete right to respond in a letter to the U.N. Secretary General and the president of the Security Council on Monday.Reuters
Mon, Mar 2
US diesel futures surge to over 2-year high on Middle East supply disruptions
Diesel prices rise due to Middle East supply disruptionsUS distillate stocks below five-year average, impacting pricesRising diesel costs challenge US manufacturing and farming sectorsBy Shariq Khan NEW YORK, March 2 (Reuters) - U.S. diesel futures surged past $3 per gallon on Monday for the firs...Reuters
Mon, Mar 2
Iran vows to attack any ship trying to pass through Strait of Hormuz
CAIRO, March 2 (Reuters) - An Iranian Revolutionary Guards senior official said on Monday that the Strait of Hormuz is closed and Iran will fire on any ship trying to pass, Iranian media reported.This is Iran's most explicit warning since telling ships it was closing the export route on Saturday...Reuters
Mon, Mar 2
US natgas futures jump 4% on energy supply concerns from Iran conflict
US gas futures rise despite warmer weather forecastsWaha Hub prices in Texas negative for 17th consecutive dayGlobal gas prices hit highs on supply concernsBy Scott DiSavino NEW YORK, March 2 (Reuters) - U.S. natural gas futures jumped about 4% on Monday on near-record liquefied natural gas (...Reuters
Mon, Mar 2
REFILE-RPT-About 10% of the global container ships caught in Gulf of Hormuz backup, ONE CEO says
By Lisa Baertlein LONG BEACH, Calif., March 2 (Reuters) - Container ships account for roughly 100 of the 750 ships backed up around the Strait of Hormuz following U.S. and Israeli attacks on Iran, Jeremy Nixon, CEO of container carrier Ocean Network Express (ONE), said on Monday."About 10% of...Reuters
Mon, Mar 2
GRAINS-Soybeans, wheat fall as traders shake off Iran conflict
By Heather Schlitz CHICAGO, March 2 (Reuters) - Chicago Board of Trade soybean and wheat futures turned lower on Monday, as traders turned focus away from the outbreak of military conflict in the Middle East that had sparked a wave of short covering and provided spillover strength to soybeans, an...Reuters
Mon, Mar 2
Oil and gas prices surge as Iran war disrupts Middle Eastern output
Brent ends up nearly 7%, US crude gains 6%Iran's Revolutionary Guards threaten to torch ships in Strait of HormuzAttacks force closures in Saudi Arabia, Qatar Hundreds of ships moored in Gulf, data showsEuropean gas benchmark rises more than 40%; US natgas prices riseBy Nicole Jao NEW YORK, M...Reuters
Mon, Mar 2
