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GRAINS-Wheat slips to 7-week low as big Southern Hemisphere harvests boost supply
CANBERRA, Dec 16 (Reuters) - Chicago wheat futures fell to their lowest in seven weeks on Tuesday after losing 1.6% in the last session, as large crops in Argentina and Australia kept the market flush with supply.Corn futures also slipped, pressured by competition from cheap feed wheat that could re...Reuters
Tue, Dec 16
PBF put out coker fire at Torrance, California refinery on Sunday
By Erwin SebaHOUSTON, Dec 15 (Reuters) - PBF Energy PBF.N extinguished a fire on Sunday morning in a coker unit at its 160,000 barrel-per-day (bpd) Los Angeles-area refinery in Torrance, California, according to a notice filed with the California Office of Emergency Services. The notice did not iden...Reuters
Tue, Dec 16
Oil moves lower on Ukraine talks, weak China data
By Colleen Howe BEIJING, Dec 16 (Reuters) - Oil prices fell in early trading on Tuesday, adding to the previous session's losses, as prospects for a Russia-Ukraine peace deal appeared to strengthen, raising expectations of a potential easing of sanctions.Brent crude futures LCOc1 fell 24 cent...Reuters
Tue, Dec 16
CME livestock contracts dip amid broader agricultural sell-off
Chicago Mercantile Exchange (CME) livestock contracts dipped on Monday, as investors shrugged off strength in wholesale beef prices and the cash cattle markets amid a broad sell-off in agricultural futures, traders said.Reuters
Tue, Dec 16
Gold Price Forecast: XAU/USD holds gains above $4,300 on prospect of further Fed rate cuts
Gold price (XAU/USD) extends its upside to around $4,305, the highest since October 21, during the early Asian trading hours on Tuesday. The precious metal edges higher on further US Federal Reserve (Fed) cut bets. The US Nonfarm Payrolls (NFP) report will take center stage later on Tuesday.
Fxstreet
Tue, Dec 16
FAA to tell Congress it is taking action after fatal collision exposed safety gaps
FAA to open new aviation safety office, improve hiring and trainingTransportation Secretary criticizes FAA for inaction before fatal January crashNTSB chair says FAA ignored warnings about safety issuesBy David Shepardson WASHINGTON, Dec 15 (Reuters) - The Federal Aviation Administration is takin...Reuters
Tue, Dec 16
Flash flood warnings follow levee breach in Washington state
Dec 15 (Reuters) - A levee breach in Washington state following days of heavy rain led to a flash flood warning and evacuation orders, but authorities said on Monday that repairs were underway. King County's director of emergency management Brendan McCluskey told the Seattle Times that repairs...Reuters
Mon, Dec 15
CIF/FOB Gulf Grain-Spot soy barge bids ease, deferred values steady on good demand
CHICAGO, Dec 15 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals in December were lower on Monday in light trading, while bids for barges loaded in January and beyond held mostly steady on recent improved demand from China, traders said.CIF corn basis bids were mostl...Reuters
Mon, Dec 15
Trump weighs order to loosen federal marijuana restrictions
Trump considers reclassifying marijuana as less dangerous drugReclassification could boost cannabis industry and research fundingFeds currently treat weed, alongside heroin, as having no accepted medical useBy Trevor HunnicuttWASHINGTON, Dec 15 (Reuters) - U.S. President Donald Trump said on Monday ...Reuters
Mon, Dec 15
Ovintiv inks deal for liquefaction capacity at Canada's Cedar LNG facility
Dec 15 (Reuters) - Oil and natural gas producer Ovintiv Inc OVV.N on Monday announced a deal with Pembina Pipeline's subsidiary for liquefaction capacity at the planned Cedar LNG facility. The agreement gives Ovintiv 0.5 mtpa of liquefaction and transportation capacity at Cedar LNG for 12 ye...Reuters
Mon, Dec 15
REFILE-USDA must give states more time to implement new food aid restrictions, judge rules
Judge rules USDA wrong on when compliance grace period endsStates had also challenged USDA guidance on immigration-related SNAP restrictionsUSDA revised guidance last weekBy Nate Raymond Dec 15 (Reuters) - A federal judge on Monday ordered U.S. President Donald Trump's administration to exten...Reuters
Mon, Dec 15
US Cash Grains-Some processors lift corn, soybean basis bids
CHICAGO, Dec 15 (Reuters) - Corn and soybean basis bids rose at some processing facilities in the U.S. Midwest on Monday as farmer selling slowed, dealers said.A Chicago-area corn processor raised its spot basis bid by 4 cents a bushel, while a processor in Decatur, Illinois, lifted its bid by 5 cen...Reuters
Mon, Dec 15
CANADA-CRUDE-Discount on Western Canada Select narrows
Dec 15 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 narrowed on Monday.WCS for January delivery in Hardisty, Alberta, settled at $12.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.80 on...Reuters
Mon, Dec 15
Flash flood warnings follow levee breach in Washington state
Dec 15 (Reuters) - A levee breach in Washington state following days of heavy rain has led to a flash flood warning and evacuation orders, authorities said on Monday.The National Weather Service said it had issued a flash flood warning after a failure at the Desimone Levee in Tukwila along the Green...Reuters
Mon, Dec 15
US Plains HRW Wheat-Basis bids flat, futures near eight-week low
CHICAGO, Dec 15 (Reuters) - Spot basis bids for hard red winter wheat stayed unchanged in the U.S. southern Plains on Monday, dealers said, as futures prices reached their lowest level in about eight weeks.Domestic and export business was lackluster, a broker said.The U.S. Department of Agriculture ...Reuters
Mon, Dec 15
FAA to reform safety efforts
WASHINGTON, Dec 15 (Reuters) - The Federal Aviation Administration said on Monday it plans to open a new aviation safety office as part of a strategic plan to improve hiring, training and proactively identify hazards before incidents occur.FAA Administrator Bryan Bedford unveiled the "Flight Pla...Reuters
Mon, Dec 15
Investment firms KKR and HASI commit further $1 billion to power infrastructure venture
By Isla BinnieNEW YORK, Dec 15 (Reuters) - KKR KKR.N and investment group HA Sustainable Infrastructure Capital (HASI) HASI.N have added a combined $1 billion to a partnership set up to invest in clean energy assets in the United States and meet voracious demand for power driven by the build-out of ...Reuters
Mon, Dec 15
Brazil coffee export decline eases after US removes tariffs
SAO PAULO, Dec 15 (Reuters) - Brazil's coffee exports in early December fell 5.1% from a year earlier, a smaller decline when compared to the previous months after the U.S. removed tariffs on coffee, Brazilian government data showed on Monday.Daily shipments in December's first 10 business d...Reuters
Mon, Dec 15
GRAINS-Soybeans touch seven-week low on broad sell-off in agriculture markets
Soybean futures pressured by US export pace, Brazilian harvest expectationsMarket frustrated by US Commodity Futures Trading Commission data delaysCorn futures weighed by cheap Argentine feed wheatBy P.J. Huffstutter CHICAGO, Dec 15 (Reuters) - Chicago Board of Trade soybean futures touched a sev...Reuters
Mon, Dec 15
