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SOFTS-Raw sugar hits one-month low as dollar, increased supply weigh
LONDON, Dec 18 (Reuters) - Raw sugar futures on the ICE exchange hit their lowest in more than a month on Thursday as dealers eyed a stronger dollar and improved supply prospects. Arabica and robusta coffee futures hit fresh multi-month lows. SUGARRaw sugar SBc1 settled down 0.28 cent, or 1...Reuters
Thu, Dec 18
Goldman sees gold at $4,900 by December 2026, projects oil price decline; copper remains favored industrial metal
Goldman forecasts oil prices to decline by 2026Copper remains favored due to strong demand and supply constraintsUS power markets face higher prices and potential outagesDec 18 (Reuters) - Goldman Sachs GS.N sees gold prices climbing 14% to $4,900 per ounce by December 2026 in its base case, it said...Reuters
Thu, Dec 18
Chicago corn higher on export demand
Dec 18 (Reuters) - Chicago Board of Trade corn futures rose for a second day due to strong U.S. export demand, though pressure from low wheat prices limited gains. Wheat competes with corn in the animal feed market. Chicago corn futures touched a three-week low during Tuesday's trading session.S...Reuters
Thu, Dec 18
CBOT soybeans tick lower on Chinese demand worries
CHICAGO, Dec 18 (Reuters) - Chicago Board of Trade soybean futures continued the previous day's fall on long liquidation and continued pressure from ample global supply and questions over Chinese demand.CBOT January soybeans SF26 settled 6 cents lower to $10.52-1/4 a bushel.CBOT March SMH26 soym...Reuters
Thu, Dec 18
Nvidia joins as private industry partner in US Department of Energy's Genesis Mission
Dec 18 (Reuters) - NVIDIA Corp NVDA.O:NVIDIA, US GOVERNMENT TO BOOST AI INFRASTRUCTURE AND RESEARCH AND DEVELOPMENT INVESTMENTS THROUGH LANDMARK GENESIS MISSIONNVIDIA CORP: SIGNED MOU WITH DOE TO OUTLINE PRIORITIES OF COLLABORATION IN SUPPORT OF ACCELERATING SCIENTIFIC DISCOVERY - WEBSITENVIDIA- CO ...Reuters
Thu, Dec 18
Trump moves to ease cannabis restrictions - what does it mean for consumers?
By Diana Novak Jones Dec 18 (Reuters) - U.S. President Donald Trump said he will direct the U.S. Department of Justice to reclassify cannabis as a less dangerous drug. Here’s a look at what that would mean for people shopping at dispensaries across the country. WHAT DOES RESCHEDULING CANNABIS...Reuters
Thu, Dec 18
US generated fewer renewable blending credits in November, EPA says
Dec 18 (Reuters) - The U.S. generated fewer renewable blending credits in November than in October, data from the Environmental Protection Agency showed on Thursday.About 1.14 billion ethanol (D6) blending credits were generated in November, compared with about 1.28 billion in October, the data show...Reuters
Thu, Dec 18
GRAINS-Wheat recovers on short covering, soy continues to fall
By Heather Schlitz CHICAGO, Dec 18 (Reuters) - Chicago wheat futures found their footing on Thursday on short covering but remained near eight-week lows after China cancelled purchases from the United States and as large harvests in Argentina and Australia poured new grain into a well-supplied ma...Reuters
Thu, Dec 18
Trump moving to ease US marijuana regulations, sparking industry hopes
Trump set to order reclassification of marijuana to Schedule IIIReclassification could reshape cannabis industry and ease penaltiesChallenges remain for broad acceptance, banking accessBy Trevor Hunnicutt WASHINGTON, Dec 18 (Reuters) - U.S. President Donald Trump on Thursday was set to sign an or...Reuters
Thu, Dec 18
Barrick Mining officially resumes operational control of Mali mine, memo shows
By Portia Crowe and Divya Rajagopal TORONTO, Dec 18 (Reuters) - Canada's Barrick Mining has officially resumed operational control of its Mali gold mine, according to a company memo seen by Reuters.Barrick will resume production gradually and will focus on mandatory training for employees and...Reuters
Thu, Dec 18
US energy regulator directs PJM to launch rules on AI connections
WASHINGTON, Dec 18 (Reuters) - The U.S. energy regulator on Thursday directed the largest U.S. grid operator, PJM Interconnection, to establish rules on the connection of artificial intelligence-driven data centers and other large electricity loads located next to power plants. Backers of ...Reuters
Thu, Dec 18
US generated fewer renewable blending credits in November, EPA says
Dec 18 (Reuters) - The U.S. generated fewer renewable blending credits in November than October, data from the Environmental Protection Agency showed on Thursday.About 1.14 billion ethanol (D6) blending credits were generated in November, compared with about 1.28 billion in October, the data showed....Reuters
Thu, Dec 18
US Plains HRW Wheat-Basis bids flat after uptick in milling demand
CHICAGO, Dec 18 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were flat at grain elevators in the southern U.S. Plains on Thursday following a recent uptick in milling demand, merchandisers said.K.C. March hard red winter wheat futures KWH26 were up 8-1/2 cents at $5.16-1/4 a bushel at...Reuters
Thu, Dec 18
Venezuela authorizes two unsanctioned loaded oil supertankers to depart, sources say
Dec 18 (Reuters) - Venezuela authorized on Thursday two very large crude carriers (VLCC) to set sail for China, according to two sources familiar with Venezuela's oil export operations, which would be only the second and third supertankers to depart since the U.S. seized a ship carrying Venezuel...Reuters
Thu, Dec 18
Euronext wheat steadies after slide
PARIS, Dec 18 (Reuters) - Euronext wheat edged up on Thursday to recover from contract lows, with a recent price slide leaving the market technically oversold while boosting the export competitiveness of European wheat, traders said.March wheat BL2H6, the most active contract on Paris-based Euronext...Reuters
Thu, Dec 18
Europe Gasoline/Naphtha-Gasoline refining profit margins edge lower on ARA stocks
LONDON, Dec 18 (Reuters) - Northwest European gasoline refinery profit margins fell by about 53 cents to $9.85 a barrel on Thursday, as ARA inventories rose.About 10,000 metric tons of Eurobob E5 gasoline traded on barges as ExxonMobil, Trafigura and Equinor sold to BP, Varo and Aramco.Another 10,00...Reuters
Thu, Dec 18
Goldman Sachs Assumes Oil Prices Pick Up In Fourth Quarter 2026
Dec 18 (Reuters) - GOLDMAN SACHS: ASSUMES OIL PRICES PICK UP IN 2026Q4 AS THE MARKET STARTS PRICING A RETURN TO A DEFICIT IN 2027H2 AND SHIFTS FOCUS TO INCENTIVIZING LONG-CYCLE PRODUCTIONGOLDMAN SACHS FORECASTS BRENT/WTI PRICES TO GRADUALLY RECOVER TO $80/$76/BBL BY LATE 2028GOLDMAN SACHS FORECASTS ...Reuters
Thu, Dec 18
North Sea Crude-Forties offered lower, WTI bid lower
LONDON, Dec 18 (Reuters) - North Sea Forties crude was offered lower in the Platts window on Thursday, while bids for U.S. WTI Midland also declined. PLATTS WINDOWIndications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).No deals, a trad...Reuters
Thu, Dec 18
US imposes sanctions on 29 'shadow fleet' tankers carrying Iranian oil
Latest move to pressure Tehran over its nuclear programShip US seized in Venezuela had been sanctioned for carrying Iranian oil By Timothy Gardner and Doina Chiacu WASHINGTON, Dec 18 (Reuters) - The United States imposed sanctions on Thursday on 29 vessels and their management firms as Washington...Reuters
Thu, Dec 18
NY State Public Service Commission Directs Con Edison To Develop Contingency Plan For City's Reliability Needs
Dec 18 (Reuters) - New York State Public Service Commission:SAYS IT OPENED A PROCEEDING AND DIRECTED CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. (CON EDISON) TO DEVELOP A RELIABILITY CONTINGENCY PLAN TO ADDRESS RELIABILITY NEEDS IDENTIFIED IN NEW YORK CITYSAYS IT DIRECTED CON EDISON TO SUBMIT A FI...Reuters
Thu, Dec 18
