News
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US Plains HRW Wheat-Basis bids flat, futures rise from nine-week low
CHICAGO, Dec 17 (Reuters) - Spot basis bids for hard red winter (HRW) wheat stayed steady on Wednesday at grain elevators in the southern U.S. Plains, merchandisers said.Recent weakness in prices has encouraged demand from millers and bakers, brokers said.K.C. March hard red winter wheat futures KWH...Reuters
Wed, Dec 17
GRAINS-CBOT wheat sets fresh eight-week low as ample global supply continues to weigh
Ample global wheat supply pressures CBOT wheat pricesCorn futures firm on export demand despite wheat pressureSoybean futures slump amid concerns over China's demandBy P.J. Huffstutter CHICAGO, Dec 17 (Reuters) - Chicago Board of Trade wheat futures fell for a fourth consecutive session on We...Reuters
Wed, Dec 17
Archer Aviation Moves To Launch Air Taxi Trials In U.S. Cities Under White House Executive Order
Dec 17 (Reuters) - Archer Aviation Inc ACHR.N:ARCHER MOVES TO LAUNCH AIR TAXI TRIALS IN U.S. CITIES UNDER WHITE HOUSE EXECUTIVE ORDER AS DOT UNVEILS NATIONAL AAM STRATEGYARCHER AVIATION INC - FAA TO ANNOUNCE EIPP APPLICATION SELECTIONS BY MID-2026Reuters
Wed, Dec 17
CBOT wheat futures drop to new eight-week low amid supply glut concerns
CHICAGO, Dec 17 (Reuters) - Chicago Board of Trade wheat futures fell for a fourth consecutive session on Wednesday, setting an eight-week low, as ample supply and progress in peace talks between Russia and Ukraine triggered selling by speculative investors, market analysts said.CBOT March soft red ...Reuters
Wed, Dec 17
Oil rises as Trump's Venezuela blockade takes edge off global crude surplus concerns
Trump orders blockade on tankers under sanctions entering and leaving VenezuelaThere is uncertainty around implementation of Trump's blockadeUS crude stocks fell last week, but fuel inventories rose more than expected: EIABy Laila Kearney NEW YORK, Dec 17 (Reuters) - Oil prices rallied by mor...Reuters
Wed, Dec 17
US natural gas futures rise 4% on strong LNG export flows
Near-record gas flows to LNG export plants boost futuresMilder weather forecasts reduce natural gas demandRecord gas output allows for ample storageGlobal gas prices fall amid mild winter, Ukraine peace hopesBy Scott DiSavino NEW YORK, Dec 17 (Reuters) - U.S. natural gas futures climbed about 4% ...Reuters
Wed, Dec 17
CBOT soybeans drop for fourth session as China demand concerns persist
CHICAGO, Dec 17 (Reuters) - Chicago Board of Trade soybean futures ended lower for a fourth straight session on Wednesday, as traders shed some of their positions ahead of the holidays - despite fresh export sales news to China, market analysts said.CBOT January soybeans SF26 settled down 4-1/2 cent...Reuters
Wed, Dec 17
FACTBOX -Over 585,000 US customers still without power from storms in Pacific Northwest and Rocky Mountains
By Scott DiSavino NEW YORK, Dec 17 (Reuters) - Over 585,000 homes and businesses were still without power on Wednesday as severe storms battered the U.S. Pacific Northwest and Rocky Mountains, according to data from PowerOutage.us.That was down from around 661,000 customers out earlier in the day...Reuters
Wed, Dec 17
Chicago corn futures rise on export demand, technical trading
CHICAGO, Dec 17 (Reuters) - Chicago Board of Trade corn futures ended higher on export demand and technical trading on Wednesday, as the previous day's price break may be attracting more buyers to U.S. supplies, market analysts said. Chicago corn futures touched a three-week low during Tuesday&#...Reuters
Wed, Dec 17
Hungary's MOL expects Danube refinery to return to full capacity in Q3 2026
Dec 17 (Reuters) - MOL Nyrt MOLB.BU says in a statement on its official website:MOL GROUP EXPECTS REPARATION WORKS TO BE FINISHED AND ITS DANUBE REFINERY TO RETURN TO FULL CAPACITY IN Q3 2026MOL GROUP SAYS IN ORDER TO MITIGATE PRODUCTION LOST AT DANUBE REFINERY IT HAS INCREASED THE PROCESSING OF SEM...Reuters
Wed, Dec 17
Brazil, Mexico call for de-escalation as US ramps up pressure on Venezuela
Trump orders blockade on Venezuelan oil tankers, escalating tensionsSheinbaum urges UN action to prevent violence in VenezuelaLula calls for dialogue between Caracas and WashingtonBy Raul Cortes and Aida Pelaez-Fernandez MEXICO CITY/SAO PAULO, Dec 17 (Reuters) - The presidents of Latin America...Reuters
Wed, Dec 17
Hawaiian, Alaska Airlines Say Combined Airlines Will Take First Deliveries Of Hawaiʻi-Made Saf In Early 2026
Dec 17 (Reuters) - Hawaiian Airlines: HAWAIIAN AND ALASKA AIRLINES, PAR HAWAII AND PONO ENERGY PARTNER TO ADVANCE THE HAWAI'I-BASED MARKET, SUPPLY CHAIN FOR SUSTAINABLE AVIATION FUEL PRODUCTIONHAWAIIAN AIRLINES: COMBINED AIRLINES WILL TAKE FIRST DELIVERIES OF HAWAIʻI-MADE SAF IN EARLY 2026Reuters
Wed, Dec 17
Gold blasts above $4,330 as US jobs data and Venezuela flare-up spark haven rush
Gold (XAU/USD) rallies on Wednesday, edging up 0.87% following a mixed US jobs report on Tuesday, along with rising tensions of the US-Venezuela conflict and comments by Federal Reserve (Fed) Governor Christopher Waller.
Fxstreet
Wed, Dec 17
US deciding whether to reconsider approval of Virginia offshore wind project
Dec 17 (Reuters) - The Trump administration is reviewing whether to send the Interior Department's Biden-era approval of a Virginia offshore wind project that is under construction back to the agency for reconsideration, according to a court document filed on Wednesday.The agency is conducting a...Reuters
Wed, Dec 17
FACTBOX-Storms knock out power to over 580,000 homes and businesses in Pacific Northwest
By Scott DiSavino NEW YORK, Dec 17 (Reuters) - Severe storms in the U.S. Pacific Northwest and Rocky Mountains knocked out power to around 661,000 homes and businesses on Wednesday, according to data from PowerOutage.us.That was up from around 581,000 customers out in Washington and Oregon ea...Reuters
Wed, Dec 17
GRAINS-CBOT wheat sets fresh eight-week low as ample global supply continues to weigh
Ample global wheat supply pressures CBOT wheat pricesCorn futures firm on export demand despite wheat pressureSoybean futures slump amid concerns over China's demandBy P.J. Huffstutter CHICAGO, Dec 17 (Reuters) - Chicago Board of Trade wheat futures fell for a fourth consecutive session on We...Reuters
Wed, Dec 17
Carlyle hires Goldman Sachs for Lukoil asset bid
LONDON, Dec 17 (Reuters) - U.S. private equity giant Carlyle CG.O has hired Goldman Sachs GS.N to work on its bid for Lukoil assets, two sources familiar with the matter told Reuters on Wednesday, as the race for the sanctioned Russian oil firm's overseas portfolio heats up.At least a dozen pote...Reuters
Wed, Dec 17
Perfect storm of factors propels silver to record high above $65/oz
Silver gains over 120% in 2025, outperforming gold's 64% riseInvestment demand, supply deficit, and AI industry drive silver pricesAnalysts warn of silver's volatility and potential steep correctionsBy Kavya Balaraman and Noel John Dec 17 (Reuters) - Robust investment demand for silver, i...Reuters
Wed, Dec 17
EU wheat slips further with Chicago
PARIS, Dec 17 (Reuters) - European wheat futures fell to new contract lows on Wednesday, tracking a further slide in Chicago as chart-based selling and the cancellation of some U.S. wheat sales to China maintained bearish sentiment, traders said.March wheat BL2H6, the most active contract on Paris-b...Reuters
Wed, Dec 17
