News
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US Plains HRW Wheat-Basis bids remain steady, protein premiums fall
CHICAGO, Dec 16 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were unchanged at elevators in the southern U.S. Plains on Tuesday amid lackluster demand, grain dealers said.Protein premiums fell by 25 cents a bushel for wheat with 13% to 13.2% protein and by 15 cents for wheat with 13.4...Reuters
Tue, Dec 16
ReNew inks pact with Google to build 150 MW solar project in India
Dec 16 (Reuters) - India's ReNew Energy Global RNW.O said on Tuesday it has signed a long-term deal with Alphabet's GOOGL.O Google to develop a 150-megawatt solar project in the western Indian state of Rajasthan.WHY IT'S IMPORTANTThe deal is in line with Google's goal to operate enti...Reuters
Tue, Dec 16
Petrobras strike affects platforms and refineries on second day, union says
RIO DE JANEIRO, Dec 16 (Reuters) - A strike at Brazilian state-run oil company Petrobras PETR3.SA entered its second day on Tuesday, affecting 24 oil platforms and eight refineries, union FUP said in a statement.The nationwide strike stems from an ongoing dispute over a deficit in the company's ...Reuters
Tue, Dec 16
Hungary signs contract with US for delivery of LNG
Dec 16 (Reuters) - Hungary has signed a contract with the U.S. on Tuesday for the delivery of 400 million cubic metres of liquid natural gas (LNG) a year, Hungarian Foreign Minister Peter Szijjarto said."This means that over the next five years, two billion cubic metres of American LNG will arri...Reuters
Tue, Dec 16
Guinea, EGA in bauxite supply deal talks, sources say
Guinea, EGA talks aimed at avoiding legal battle over seized assetsEGA lost GAC licence due to alumina refinery rowNimba Mining plans to ramp up bauxite exportsBy Maxwell Akalaare Adombila DAKAR, Dec 16 - Guinea is in talks with Emirates Global Aluminium over a possible bauxite supply agreement t...Reuters
Tue, Dec 16
Renew Signs Long‑Term Deal With Google for 150 MW Solar Project in Rajasthan
Dec 16 (Reuters) - Renew Energy Global PLC RNW.O:RENEW ANNOUNCES LONG-TERM AGREEMENT WITH GOOGLE TO ENABLE 150 MW SOLAR PROJECT IN RAJASTHANRENEW ENERGY GLOBAL PLC - 150 MW SOLAR PROJECT SCHEDULED FOR COMMISSIONING IN 2026RENEW ENERGY GLOBAL: UNDER PARTNERSHIP, GOOGLE WILL PROCURE PROJECT'S ENER...Reuters
Tue, Dec 16
China's Sinograin sells 63% of soybeans in auction, plans further sale
Dec 16 (Reuters) - China's state stockpiler Sinograin on Tuesday sold about 323,000 metric tons of imported soybeans, or 62.9% of the total offered, according to two traders, and announced its third auction of the month as it prepares for U.S. imports. The auctions come as Beijing steps u...Reuters
Tue, Dec 16
PRECIOUS-Gold inches up as US unemployment rate rises in November
US November unemployment rate at 4.6%CPI and PCE data due later this weekPlatinum rises to 14-year peakBy Sarah Qureshi and Noel John Dec 16 (Reuters) - Gold prices rose on Tuesday as investors analyzed a U.S. jobs report that showed the unemployment rate rose last month from September, reinforci...Reuters
Tue, Dec 16
US natural gas futures dip 2% to six-week low on mild weather
Milder weather forecasts reduce natural gas demandRecord gas output allows for ample storageGlobal gas prices decline amid mild winter and Ukraine peace hopesLNG export feedgas near record highBy Scott DiSavino NEW YORK, Dec 16 (Reuters) - U.S. natural gas futures slid about 2% to a six-week low ...Reuters
Tue, Dec 16
CBOT Trends-Wheat down 4-6 cents, corn down 1-2 cents, soy flat-1 cent higher
CHICAGO, Dec 16 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Tuesday: WHEAT - Down 4 to 6 cents per bushelLarge world supplies pushed CBOT wheat Wv1 to its lowest price since October 2...Reuters
Tue, Dec 16
Shell greenlights US Gulf waterflood project to boost oil recovery
LONDON, Dec 16 (Reuters) - Oil major Shell SHEL.L has taken a final investment decision on a waterflood project at its Kaikias field in the U.S. Gulf of Mexico, aiming to boost oil recovery and extend the life of its Ursa platform.The project is expected to add 60 million barrels of oil equivalent t...Reuters
Tue, Dec 16
REFILE-SOFTS-Robusta coffee hits fresh 4-month low, cocoa recovers
LONDON, Dec 16 (Reuters) - Robusta coffee futures on the ICE exchange fell to a fresh four-month low on Tuesday with the harvest in top producer Vietnam progressing apace and exports from Brazil picking up following the Trump tariff reversal.Meanwhile, cocoa prices recovered from Monday's slide....Reuters
Tue, Dec 16
Shell invests in U.S. Gulf waterflood project to boost oil recovery
LONDON, Dec 16 (Reuters) - Oil major Shell SHEL.L has taken a final investment decision on a waterflood project at its Kaikias field in the U.S. Gulf of Mexico, aiming to boost oil recovery and extend the life of its Ursa platform.The project is expected to add 60 million barrels of oil equivalent t...Reuters
Tue, Dec 16
PRECIOUS-Gold prices ease as investors brace for upcoming US jobs data
Platinum rises to highest level since 2011US Nov nonfarm payrolls, unemployment rate data due at 1330 GMTCPI and PCE data due later this weekBy Pablo Sinha Dec 16 (Reuters) - Gold prices slipped on Tuesday as investors adopted a cautious stance ahead of U.S. jobs data, expected later in the day,...Reuters
Tue, Dec 16
Guinea, EGA in bauxite supply deal talks, sources say
Guinea, EGA talks aimed at avoiding legal battle over seized assetsEGA lost GAC licence due to alumina refinery rowNimba Mining plans to ramp up bauxite exportsBy Maxwell Akalaare Adombila DAKAR, Dec 16 - Guinea is in talks with Emirates Global Aluminium over a possible bauxite supply agreement t...Reuters
Tue, Dec 16
Russia’s largest Palladium producer sees platinum deficit this year – Commerzbank
Russia’s top Palladium producer expects a notable supply deficit for Platinum in 2025, while Palladium remains mostly balanced, highlighting diverging market views compared with the World Platinum Investment Council’s forecasts, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Tue, Dec 16
Platinum hits $1,800, highest since 2011 – Commerzbank
Platinum and Palladium prices rose sharply this week, driven by record-high Silver and Gold levels and prospects of increased demand from the European automotive sector following indications of a softer 2035 combustion engine ban, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Tue, Dec 16
Gold retreats below $4,300 ahead of US jobs data – Commerzbank
Gold dipped below $4,300 per ounce as investors awaited today’s US labor market data, with weaker-than-expected figures likely to support prices, while stronger results could trigger volatility by shifting Fed policy expectations, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Fxstreet
Tue, Dec 16
EXCLUSIVE-Shell seeks buyers for stake in Germany's Schwedt refinery, sources say
Shell seeks buyers for 37.5% Schwedt stake by January Russia's Rosneft owns majority stake in refineryGermany manages Schwedt refinery amid Rosneft ownership freeze Liwathon Group shows renewed interest in Schwedt investmentBy Marek Strzelecki, Christoph Steitz and John O'Donnell WARSAW/...Reuters
Tue, Dec 16
Ivory Coast miners start paying higher royalties after failed resistance, sources say
Miners initially resisted, citing contract protections against fiscal changesWest African states increase fiscal pressure amid rising commodity pricesGold prices surge over 65% this year, influencing royalty rate adjustmentsBy Maxwell Akalaare Adombila ACCRA, Dec 16 (Reuters) - Gold mining compan...Reuters
Tue, Dec 16
