News
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CIF/FOB Gulf Grain-Soybean barge basis steady-up on Chinese buying
CHICAGO, Dec 22 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were unchanged to higher on Monday, traders said, after China bought old-crop and new-crop U.S. supplies.Exporters sold 396,000 metric tons of U.S. soybeans to China, including 330,000 metric tons for d...Reuters
Mon, Dec 22
Report says Amtrak's new higher-speed trains delayed by planning, track issues
WASHINGTON, Dec 22 (Reuters) - U.S. passenger railroad Amtrak's next-generation high-speed Acela train cars were delayed by more than four years due to planning, design and track issues and a desire for higher speeds that has not materialized, a Senate report issued late on Monday said.Amtrak...Reuters
Mon, Dec 22
LIVESTOCK-CME cattle futures up on tight supply, rising beef prices
By Heather Schlitz CHICAGO, Dec 22 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures moved higher on Monday on expectations of a continued tight supply of cattle and rising wholesale beef prices, analysts said. On Friday, the U.S. Department of Agriculture released a relative...Reuters
Mon, Dec 22
US Cash Crude-Grades mixed on first full day of volatile roll period
HOUSTON, Dec 22 (Reuters) - Grades were mixed on Monday, dealers said, on the first 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 contract.Price...Reuters
Mon, Dec 22
Russian forces attack Odesa, governor says, in second regional strike in less than 24 hours
KYIV, Dec 22 (Reuters) - Russian forces struck Ukraine's Black Sea port of Odesa late on Monday and damaged port facilities and a ship, the regional governor said, the second attack on the region in less than 24 hours. Governor Oleh Kiper, writing on Telegram, said emergency crews were tackli...Reuters
Mon, Dec 22
US Plains HRW Wheat-Basis bids steady with quiet pre-holiday trade
CHICAGO, Dec 22 (Reuters) - Spot basis bids for hard red winter (HRW) wheat stayed flat at elevators in the southern U.S. Plains on Monday, according to dealers. Dealers said trade was limited ahead of the Christmas holiday. Dry weather was expected in the Southern Plains with showers providing some...Reuters
Mon, Dec 22
SOFTS-Robusta coffee recovers from 4-month low, sugar also gains
NEW YORK, Dec 22 (Reuters) - Robusta coffee futures on the ICE exchange recovered on Monday from four-month lows hit in the prior session, with farmers in top grower Vietnam said to be holding back sales. COFFEERobusta coffee LRCc2 closed up 2.7% at $3,768 per metric ton, having hit its lowest s...Reuters
Mon, Dec 22
US freezes five big offshore wind projects, shares dive
Suspension affects Orsted, Avangrid, Dominion Energy, Equinor projectsPentagon raises concerns over radar interference from turbine blades, towers Trump campaigned for White House on promise to end offshore wind industry Dec 22 (Reuters) - The Trump administration suspended leases on Monday for five...Reuters
Mon, Dec 22
US farm agency lost 20,000 staff in first five months of Trump administration
Inspector General report tracked USDA departures from January to JuneAttrition varied across sub-agencies, some losing up to 67% of staffUSDA plans to relocate many Washington area employeesBy Leah Douglas WASHINGTON, Dec 22 (Reuters) - More than 20,300 employees left the U.S. Department of Agric...Reuters
Mon, Dec 22
Oil settles higher on risk of disruptions to Venezuela, Russia supply
US tried to intercept oil tanker near Venezuela, third such action this monthUkraine hits vessels, piers in Russia's Krasnodar regionRising geopolitical risk supporting oil prices, analysts sayBy Shariq Khan NEW YORK, Dec 22 (Reuters) - Oil prices settled higher on Monday after the U.S. Coast...Reuters
Mon, Dec 22
GRAINS-Wheat leads grains higher, with Russian strikes in focus
Russian strikes on Ukrainian ports rekindle war concernsEasing dollar, higher crude help soybeans come off 8-week lowBy Heather Schlitz CHICAGO, Dec 22 (Reuters) - Chicago wheat rebounded on Monday as reports of more Russian strikes on Ukrainian port infrastructure rekindled concerns about war ri...Reuters
Mon, Dec 22
CBOT wheat futures rebound on support from Russian strikes
CHICAGO, Dec 22 (Reuters) - Chicago Board of Trade wheat futures rebounded on Monday as reports of more Russian strikes on Ukrainian port infrastructure rekindled concern about war risks to Black Sea grain trade, encouraging investors to cover short positions after an eight-week low last week.After ...Reuters
Mon, Dec 22
CBOT soybeans gain on higher crude oil prices, weakened dollar
CHICAGO, Dec 22 (Reuters) - Chicago Board of Trade soybean futures turned higher on Monday under support from rising crude oil prices, a weaker dollar and broad buying across agricultural commodities. The prospect of another bumper soy harvest in Brazil this season has hung over the soybean market, ...Reuters
Mon, Dec 22
Chicago corn up on strong demand, buying
Dec 22 (Reuters) - Chicago Board of Trade corn futures ticked higher on Monday on reliable demand for U.S. corn and buying across agricultural commodities, analysts said.U.S. corn export sales have been strong. Brazil and Argentina are expected to produce a large corn crop, keeping a lid on prices.T...Reuters
Mon, Dec 22
Panama says Venezuela-related tanker intercepted by US did not follow maritime rules
PANAMA CITY, Dec 22 (Reuters) - Panama's foreign minister said on Monday that a tanker recently intercepted by the U.S. that was under Panama's flag did not respect the country's maritime rules and had disconnected its transponder while navigating out of Venezuelan waters carrying a crud...Reuters
Mon, Dec 22
Gold jumps above $4,440 as geopolitical flare, Fed cut bets mount
Gold (XAU/USD) rallies over 2% on Monday, reaching a record high of $4,442 amid rising geopolitical tensions and expectations that the Federal Reserve (Fed) will continue to reduce interest rates next year, pushing US Treasury yields lower.
Fxstreet
Mon, Dec 22
Canada names ex-BlackRock exec Wiseman as US envoy, will focus on trade
OTTAWA, Dec 22 (Reuters) - Canadian Prime Minister Mark Carney on Monday said former BlackRock executive Mark Wiseman would be the new ambassador to the United States, where he will focus on President Donald Trump's tariffs.Wiseman will take up his post next February and replaces Kirsten Hillman...Reuters
Mon, Dec 22
Europe Gasoline/Naphtha-Gasoline refining profit margins stabilise
LONDON, Dec 22 (Reuters) - Northwest European gasoline refinery profit margins were little changed on Monday, gaining just 4 cents to $8.77 a barrel.About 6,000 metric tons of Eurobob E5 gasoline traded on barges as ExxonMobil and Equinor sold to Gunvor and Varo.In the Platts window, one bid for Eur...Reuters
Mon, Dec 22
