News
Important Only
GRAINS-Wheat climbs to one-week high ahead of Christmas break
BEIJING, Dec 24 (Reuters) - Chicago wheat gained more ground on Wednesday, with prices climbing to a one-week high on positioning ahead of the Christmas break, although ample supplies curbed the upside in prices.Soybean and corn futures rose, having closed largely unchanged on Tuesday.FUNDAMENTALSTh...Reuters
Wed, Dec 24
EXCLUSIVE-U.S. eyes additional Coast Guard assets to seize fleeing tanker, sources say
Bella 1 tanker refuses Coast Guard boarding attemptsPotential boarding likely falls to elite Coast Guard unitCoast Guard lacks resources for large-scale oil tanker seizuresTrump ordered blockade of sanctioned tankers near VenezuelaBy Idrees Ali, Jonathan Saul and Trevor Hunnicutt WASHINGTON/LONDO...Reuters
Wed, Dec 24
Silver Price Forecast: XAG/USD continues scaling new record highs; eyes $72.00
Silver (XAG/USD) prolongs its well-established uptrend through the Asian session on Wednesday and continues scaling new record highs for the fourth consecutive day. The white metal currently trades just below the $72.00 mark, up over 0.50% for the day.
Fxstreet
Wed, Dec 24
WTI drifts higher to near $58.50 amid geopolitical tensions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.50 during the early European trading hours on Wednesday. The WTI price edges higher amid persistent geopolitical tensions, such as the US action on Venezuelan oil tankers.
Fxstreet
Wed, Dec 24
Gold rises to record high above $4,500 on safe-haven flows
Gold (XAU/USD) rises and hits its record high around $4,505 during the Asian session on Wednesday. The precious metal gains momentum as the Israel-Iran conflict and the rising in US-Venezuela tensions boost the safe-haven demand.
Fxstreet
Wed, Dec 24
US Cash Grains-Soy basis bids gain ground at some processors, river terminals
CHICAGO, Dec 23 (Reuters) - U.S. soybean basis bids were steady to higher at processing plants and river terminals in the U.S. Midwest on Tuesday, as futures fell. Soy bids rose by 7 cents at a processor in Decatur, Illinois. They rose 2 cents at a river terminal in Davenport, Iowa, and 3 cents at a...Reuters
Tue, Dec 23
Oil up as market weighs strong US economic growth, supply risks
US economy grew faster than expected in the third quarterUS might keep or sell seized Venezuelan oil, Trump saysWeekly US crude, fuel stocks rose last week - APIBy Nicole Jao NEW YORK, Dec 23 (Reuters) - Oil prices settled higher on Tuesday as investors assessed stronger-than-expected U.S. econom...Reuters
Tue, Dec 23
US Plains HRW Wheat-Basis bids flat to weaker ahead of holiday
CHICAGO, Dec 23 (Reuters) - Spot basis bids for hard red winter (HRW) wheat stayed flat or lower at elevators in the southern U.S. Plains on Tuesday, according to dealers. Dealers said trade was very slow with the Christmas holiday approaching. Dry weather continued for Southern Plains wheat, accord...Reuters
Tue, Dec 23
US Cash Crude-Grades mixed on second day of volatile roll period
HOUSTON, Dec 23 (Reuters) - Grades were mixed on Tuesday, dealers said, on the second full day of the volatile roll trading period. Traders use the three-day roll period to adjust their crude slates, square up positions and net out exposures following the expiration of the U.S. crude futures contrac...Reuters
Tue, Dec 23
Loaded supertanker returns to Venezuelan waters amid US interceptions, TankerTrackers.com says
Dec 23 (Reuters) - Panama-flagged very large crude carrier Kelly, which had departed from Venezuela carrying oil last week, has returned to Venezuelan waters following the U.S. interception of more tankers, monitoring service TankerTrackers.com said on Tuesday.The U.S. Coast Guard on Saturday interc...Reuters
Tue, Dec 23
Loaded supertanker returns to Venezuelan waters amid US interceptions, TankerTrackers.com says
Dec 23 (Reuters) - The very large crude carrier (VLCC) Kelly, which had departed from Venezuela carrying an oil cargo last week, has returned to Venezuelan waters following the U.S. interception of more tankers last weekend, monitoring service TankerTrackers.com said on Tuesday.Reuters
Tue, Dec 23
CIF/FOB Gulf Grain-Soybean barge basis mostly steady
CHICAGO, Dec 23 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were mostly steady on Tuesday following recent sales to China, traders said.The U.S. Department of Agriculture did not announce export sales in its daily reporting system after confirming on Monday that...Reuters
Tue, Dec 23
LIVESTOCK-CME cattle futures lower after sideways trade
By Heather Schlitz CHICAGO, Dec 23 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures inched lower on positioning on Tuesday as thin volumes led to a sideways, choppy trade. Hog futures rose as traders covered short positions ahead of the U.S. Department of Agriculture's q...Reuters
Tue, Dec 23
SOFTS-London cocoa up slightly after hitting two-week lows
NEW YORK, Dec 23 (Reuters) - London cocoa futures settled up on Tuesday after hitting two-week lows earlier in the session as activity slowed ahead of the holidays. COCOALondon cocoa LCCc1 settled up 0.8% at 4,303 pounds per ton after dipping to a two-week low of 4,154 pounds earlier.Dealers s...Reuters
Tue, Dec 23
Venezuela resorts to floating storage as onshore storage tanks fill up
PDVSA uses tankers for storage as onshore tanks fill upUS actions deter ship owners, causing cargo backlogChevron continues exports despite US-Venezuela tensionsBy Marianna Parraga and Arathy Somasekhar Dec 23 (Reuters) - Venezuela's state-run oil company PDVSA has started filling tankers...Reuters
Tue, Dec 23
GRAINS-Wheat ends higher on short covering though ample supply weighs
Wheat finishes higher after choppy daySoybeans and corn steadyFavorable weather in S. America expected to benefit the region's bumper soy cropBy Heather Schlitz CHICAGO, Dec 23 (Reuters) - Chicago Board of Trade wheat futures inched higher on Tuesday on positioning ahead of the holidays, thou...Reuters
Tue, Dec 23
US natural gas futures jump on record LNG export demand
Gas flows to US LNG export plants at record levelsUS gas demand forecast rises to 136 Bcfd for next two weeks says LSEGTrump administration suspends east coast offshore wind projectsBy Anmol Choubey Dec 23 (Reuters) - U.S. natural gas futures rose more than 11% on Tuesday, boosted by record gas f...Reuters
Tue, Dec 23
CBOT wheat futures higher, though ample supply in focus
CHICAGO, Dec 23 (Reuters) - Chicago Board of Trade wheat futures inched higher on Tuesday on positioning, though a massive global supply of wheat remained in focus.Wheat had ticked up on Monday on concerns that escalation in the war in Ukraine could disrupt Black Sea exports.Russian forces hit port ...Reuters
Tue, Dec 23
