News
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Caribbean nations team up to cut power costs, revive geothermal push
Geothermal projects gain traction after recent breakthroughsEastern Caribbean reserves could power region many times overCountries reviving pursuit of clean and cheaper powerIslands collaborate to cut costs amid slow grants flowBy Sudarshan Varadhan BELEM, Brazil, Dec 11 (Reuters) - Five Caribbea...Reuters
Thu, Dec 11
CIF/FOB Gulf Grain-Soybean basis bids slip as empty barge freight rates stay high
CHICAGO, Dec 11 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals turned lower on Thursday, as freight rates remained elevated and trade was light, traders said.There were no spot basis bids quoted for corn shipped by barge to the Gulf in December, but deferred-month ...Reuters
Thu, Dec 11
GRAINS-Corn and wheat futures firm on brisk exports, weaker dollar
By Julie Ingwersen CHICAGO, Dec 11 (Reuters) - U.S. corn and wheat futures firmed slightly on Thursday, supported by brisk export sales and a softer dollar, which tends to make U.S. grains more competitive globally, analysts said.Soybean futures posted modest gains as well.Chicago Board of Trade ...Reuters
Thu, Dec 11
US issues fresh sanctions targeting Maduro's family, Venezuela-linked oil tankers
Sanctions include six shipping companies and crude oil tankersTensions rise as US seizes Venezuelan oil cargo, plans more tanker seizuresBy Daphne Psaledakis, Marianna Parraga and Timothy Gardner WASHINGTON, Dec 11 (Reuters) - The United States on Thursday issued new sanctions targeting Venezuela...Reuters
Thu, Dec 11
CANADA-CRUDE-Discount on Western Canada Select narrows
Dec 11 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 narrowed on Thursday.WCS for January delivery in Hardisty, Alberta, settled at $13.20 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $13.75 ...Reuters
Thu, Dec 11
Lululemon Q3 revenue beats estimates; CEO to step down
OverviewAthletic apparel maker's fiscal Q3 revenue rose 7%, beating analyst expectationsSeparately, Lululemon Athletica announced CEO Calvin McDonald to step down effective Jan. 31Diluted EPS for fiscal Q3 was $2.59, down from $2.87 last yearCompany authorized $1.0 bln increase in stock repurcha...Reuters
Thu, Dec 11
CBOT soybeans end modestly higher, led by corn and wheat
CHICAGO, Dec 11 (Reuters) - Chicago Board of Trade soybean futures ended higher on Thursday for a second session on technical buying, news of fresh U.S. soy sales to China and spillover from advances in corn and wheat futures.CBOT January soybeans SF26 settled up 2-1/4 cents at $10.93-1/2 per bushel...Reuters
Thu, Dec 11
Oil retreats as investors' focus on Ukraine, US fuel supplies
Witkoff visit helped resolve misunderstandings, Russia saysUS seizes oil tanker off Venezuela's coastIEA trims its 2026 market surplus forecastBy Erwin Seba HOUSTON, Dec 11 (Reuters) - Oil prices fell on Thursday as investors focused on Russia-Ukraine peace talks and eyed large surpluses in U...Reuters
Thu, Dec 11
CBOT wheat ends higher on bargain buying, softer dollar
CHICAGO, Dec 11 (Reuters) - Chicago Board of Trade wheat futures closed higher on Thursday on bargain buying a day after the benchmark March contract hit a seven-week low, and as a weaker dollar and better-than-expected weekly export sales data lent support, traders said.CBOT March soft red winter w...Reuters
Thu, Dec 11
EXCLUSIVE-Buyout firm Carnelian raises eyebrows with rare effort to sell multiple energy assets, sources say
Carnelian eyes selling most of its current investments producing oil and gasBulk sales effort by PE firms seen as unusual by industry participantsComes as broader buyout industry faces issues returning cash to investorsBy Shariq Khan, David French and Arathy Somasekhar NEW YORK/HOUSTON, Dec 11 (R...Reuters
Thu, Dec 11
US natural gas futures drop 8% on mild weather forecasts, data center demand worries
Milder weather forecasts reduce natural gas demandRecord gas output allows for ample storageOracle stock prices slump on worries about AI investmentsEnergy firms pulled more gas than expected during cold snap last weekBy Scott DiSavino NEW YORK, Dec 11 (Reuters) - U.S. natural gas futures dro...Reuters
Thu, Dec 11
US preparing to seize more tankers off Venezuela's coast after first ship taken, sources say
Seizure aims to target shadow tanker fleet selling oil to China, other nationsVenezuelan government calls US actions 'piracy'; experts argue legality under international lawShipments totalling nearly 6 million barrels of crude suspended after seizure, source says By Jonathan Saul, Marianna P...Reuters
Thu, Dec 11
US Plains HRW Wheat-Basis bids flat as futures tick down
CHICAGO, Dec 11 (Reuters) - Spot basis bids for hard red winter wheat were unchanged in the U.S. Plains states on Thursday as futures edged down.The U.S. wheat crop is in dormancy as dryness is expected to expand in the southern U.S., according to Commodity Weather Group. However, the crop has low m...Reuters
Thu, Dec 11
SOFTS-New York cocoa closes up 1.1%, arabica coffee also up
SAO PAULO, Dec 11 (Reuters) - New York cocoa futures closed up 1.1% on Thursday after climbing to a five-week peak earlier in the session, where it registered gains primarily on the back of speculative buying partly linked to its inclusion in the Bloomberg Commodity Index (BCOM) for 2026. ...Reuters
Thu, Dec 11
Coca-Cola bets on incoming chief Braun's global experience amid shift to low-sugar drinks
Henrique Braun to become Coca-Cola CEO in MarchBraun's challenge is to expand low-sugar drinks, manage costsCoke outperforms Pepsi amid tough market conditionsBy Savyata Mishra and Jessica DiNapoli Dec 11 (Reuters) - Coca-Cola's KO.N decision to make Henrique Braun its next CEO is a bet ...Reuters
Thu, Dec 11
CBOT corn ends firm on US export data, softer dollar
CHICAGO, Dec 11 (Reuters) - Chicago Board of Trade corn futures closed modestly higher on Thursday, supported by brisk export sales and a weaker dollar, which tends to make U.S. grains cheaper for buyers holding other currencies, traders said.The dollar .DXY extended declines from Wednesday when the...Reuters
Thu, Dec 11
GRAINS-Corn and wheat futures firm on brisk exports, softer dollar
By Julie Ingwersen CHICAGO, Dec 11 (Reuters) - U.S. corn and wheat futures firmed on Thursday, supported by brisk export sales and a softer dollar, which tends to make U.S. grains more competitive globally, analysts said. Soybean futures clung to modest gains late in the trading session. ...Reuters
Thu, Dec 11
US EPA planning to delay enforcing Biden vehicle pollution rule
EPA plans to delay Biden-era vehicle pollution rule enforcementAutomakers argue pollution rule unachievable without more EVsEPA reconsiders standards amid automaker concerns on costs and feasibilityBy David ShepardsonWASHINGTON, Dec 11 (Reuters) - The U.S. Environmental Protection Agency is planning...Reuters
Thu, Dec 11
US senators push USDA for urgent action on bird flu vaccine
Senators tell USDA to prioritize science in bird flu vaccine developmentUSDA pledged $100 million for bird flu vaccine research in MarchPoultry industry divided on vaccination due to trade concernsBy Leah Douglas WASHINGTON, Dec 11 (Reuters) - A bipartisan group of U.S. senators this week urged t...Reuters
Thu, Dec 11
