News
Important Only
CIF/FOB Gulf Grain-Soybean barge basis bids firm, corn bids ease
CHICAGO, Feb 6 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals firmed on Friday, and corn basis bids eased, as this week's rally in U.S. soybean futures stretched on, traders said.Chicago Board of Trade soybeans Sv1 continued a three-day rally on Friday, fueled ...Reuters
Fri, Feb 6
BP has no plans to honor the national oil bargaining agreement, union says
By Nicole Jao NEW YORK, Feb 6 (Reuters) - The union representing hundreds of workers at BP's Whiting refinery, the largest refinery in the Midwest, said on Friday the British oil major does not intend to honor the national oil bargaining agreement.This comes after the United Steelworkers ...Reuters
Fri, Feb 6
US Cash Crude-Mars rises as WTI/Brent spread widens
HOUSTON, Feb 6 (Reuters) - Grades broadly fell on Friday, dealers said, although Mars bucked the trend to edge higher as the WTI/Brent spread widened. The spread between WTI and Brent widened to a discount of as much as minus $4.75 during the session. A spread larger than minus $4 typically encourag...Reuters
Fri, Feb 6
BP has no plans to honor the National Oil Bargaining Program, USW says
NEW YORK, Feb 6 (Reuters) - United Steelworkers said on Friday BP BP.L has no plans to honor the National Oil Bargaining Program.“BP maintains they have no plans to honor the National Oil Bargaining Program – the first time that has happened," Eric Schultz, president of USW 7-1, said in an email...Reuters
Fri, Feb 6
LIVESTOCK-Cattle futures end week higher on tight supply
By Heather Schlitz CHICAGO, Feb 6 (Reuters) - CME live and feeder cattle futures finished higher on Friday, on the back of a tight cattle supply and the continued closure of the U.S.-Mexico border to cattle imports.CME April live cattle LCJ26 finished 51.65 cents to end at 237.25 cents per pound,...Reuters
Fri, Feb 6
Tesla executives say hiring is ramping up to support Musk’s expanded solar strategy
Tesla hiring to pursue Musk plan for 100 GW of US solar manufacturingGoal far exceeds current US solar manufacturing capacityJob post says plan is to meet solar manufacturing goal by end of 2028By Nichola Groom Feb 6 (Reuters) - Tesla TSLA.O is hiring to support founder Elon Musk's recently a...Reuters
Fri, Feb 6
US oil production, demand fell to multi-month lows in November, EIA data shows
By Shariq Khan and Scott DiSavinoNEW YORK, Feb 6 (Reuters) - U.S. oil production fell in November to the lowest since July, while oil demand fell to the lowest since April, data from the Energy Information Administration showed on Friday.Crude oil output fell to 13.78 million bpd in November, down a...Reuters
Fri, Feb 6
US natural gas futures drop 3% on rising output and mild weather
Mild weather expected to reduce heating demandGas output in Lower 48 states rises to 106.9 bcfdLNG export flows increase to 18.5 bcfd in FebruaryBy Scott DiSavinoNEW YORK, Feb 6 (Reuters) - U.S. natural gas futures eased about 3% on rising output and forecasts for mild weather over the next two week...Reuters
Fri, Feb 6
Oil prices climb on worries of possible Iran-US conflict
Geopolitical risk reverses oil price decline HOUSTON, Feb 6 (Reuters) - Oil prices settled higher on Friday, reversing earlier losses as traders worried that this week's talks between the U.S. and Iran had failed to reduce the risk of a military conflict between the two countries. Brent...Reuters
Fri, Feb 6
GRAINS-Soybeans continue gains on Trump's China comments
By Heather Schlitz CHICAGO, Feb 6 (Reuters) - Chicago Board of Trade soybeans continued a three-day rally on Friday, fuelled by President Donald Trump's remarks on Wednesday that China would buy more U.S. soybeans. Corn and wheat chopped up and down, though ample global supply continued to cu...Reuters
Fri, Feb 6
CBOT wheat lower on abundant global supply
CHICAGO, Feb 6 (Reuters) - Chicago Board of Trade wheat futures ended lower on ample global supply continued to curb grain prices while traders turned their attention to a U.S. Department of Agriculture world crop report, due next Tuesday. USDA/ESTIn wheat, traders have been monitoring severe cold i...Reuters
Fri, Feb 6
CBOT corn ends lower after choppy trade
Feb 6 - Chicago Board of Trade corn futures ended lower after spending the day chopping up and down while under pressure from improving global weather, though rising soybean futures added underlying support.Traders are monitoring dry weather in Argentina, though a massive U.S. harvest last year and ...Reuters
Fri, Feb 6
CBOT soybeans head higher on hopes of Chinese purchases
CHICAGO, Feb 6 (Reuters) - Chicago Board of Trade soybean futures continued a three-day-long rally on Friday fuelled by President Donald Trump's remarks on Wednesday that China would buy more U.S. soybeans. Soybeans hit a two-month high on Wednesday after Trump posted that China was hiking purch...Reuters
Fri, Feb 6
CME Group says metals settlements delay resolved
Feb 6 (Reuters) - CME Group said on Friday that it has resolved an issue that delayed the publication of metals settlements earlier in the day, according to an update on its website. The exchange operator had earlier flagged a delay in publishing metals settlements, saying its support team...Reuters
Fri, Feb 6
PRECIOUS-Gold bounces back on softer dollar, US-Iran concerns; silver rebounds
Silver up over 6% after falling below $65 during Asian tradeIran says talks with US in Oman were 'good start', will continueCME raises margins for gold, silver on ThursdayBy Anmol Choubey Feb 6 (Reuters) - Gold rebounded on Friday and was set for a weekly gain, helped by bargain hunting, ...Reuters
Fri, Feb 6
Argentina trade deals with US do not box out China, minister says
By Leila Miller and Brendan O'Boyle BUENOS AIRES, Feb 6 (Reuters) - A deal on critical minerals between Argentina and the U.S. signed this week does not rule out Chinese investment in the country's mining sector, Argentine Foreign Minister Pablo Quirno said on Friday."This, as of tod...Reuters
Fri, Feb 6
