News
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USDA leaves US soybean export outlook unchanged after China sales resume
By Karl Plume CHICAGO, Dec 9 (Reuters) - The U.S. Department of Agriculture left its U.S. soybean export forecast unchanged in a monthly report on Tuesday as sales resumed to China, which for months shunned purchases because of its trade war with Washington.The USDA pegged soybean exports in the ...Reuters
Tue, Dec 9
US natgas output and demand to hit record highs in 2025, EIA says
NEW YORK, Dec 9 (Reuters) - U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Tuesday.EIA projected dry gas production will rise from 103.2 billion cubic feet per day in 2024 to 107.7 bcfd in...Reuters
Tue, Dec 9
EIA lifts 2025 US oil output forecast, lowers next year's production expectations
Dec 9 (Reuters) - The U.S. Energy Information Administration on Tuesday raised it 2025 oil production forecast, but lowered its expectations for 2026 production levels.Oil production will average 13.61 million barrels per day in 2025, the highest on record, according to the EIA's Short-Term Ener...Reuters
Tue, Dec 9
Europe Gasoline/Naphtha-Gasoline crack spreads edge higher
LONDON, Dec 9 (Reuters) - Northwest European gasoline refinery profit margins edged 26 cents higher to $15.01 a barrel on Tuesday. About 18,000 metric tons of Eurobob E5 gasoline traded on barges on Tuesday as Trafigura, Glencore and Equinor sold to Gunvor, Aramco Trading and BP. A further 10,000 to...Reuters
Tue, Dec 9
PRECIOUS-Gold rises ahead of Fed rate cut decision, silver hits $60/oz milestone
Silver hits all-time high of $60.57/ozFOMC policy meeting on December 9-10Traders see 89.6% chance of a December rate cutData shows U.S. job openings increased marginally in OctoberBy Anjana Anil and Anushree Mukherjee Dec 9 (Reuters) - Gold gained on Tuesday as traders remained optimistic ahead ...Reuters
Tue, Dec 9
EU wheat eases as Argentine export tax cut weighs
PARIS, Dec 9 (Reuters) - European wheat futures edged lower on Tuesday as Argentina's announcement of a cut to its grain export taxes was set to maintain stiff competition in a heavily supplied wheat market.The market showed little immediate reaction to the U.S. Department of Agriculture's m...Reuters
Tue, Dec 9
Prosecutors say major US investor in Russia's agriculture is extremist
By Gleb Bryanski and Maxim Rodionov MOSCOW, Dec 9 (Reuters) - Russia's prosecutor general said a U.S. fund, which owns major assets in agriculture in Russia, was extremist and filed a lawsuit to a Moscow court asking it to stop it operating, pending a seizure of its assets.The statement said ...Reuters
Tue, Dec 9
EXCLUSIVE-Shell in advanced talks to buy LLOG Exploration for more than $3 billion, sources say
LLOG produces around 30,000 boepd, production expected to growUS Gulf region continues to attract attention from energy firmsOne source says deal between Shell and LLOG could be struck by year-endBy David French and Stephanie Kelly NEW YORK/LONDON, Dec 9 (Reuters) - Shell SHEL.L is in advanced ta...Reuters
Tue, Dec 9
USDA leaves US soybean export outlook unchanged after China sales resume
By Karl PlumeCHICAGO, Dec 9 (Reuters) - The U.S. Department of Agriculture left its U.S. soybean export forecast unchanged in a monthly report on Tuesday as sales to China have resumed after the top importer shunned purchases for months amid a bruising trade war with Washington.But the agency raised...Reuters
Tue, Dec 9
US Cash Grains-Corn, soy bids mixed as selling ticks up
CHICAGO, Dec 9 (Reuters) - Spot basis bids for corn and soybeans were steady to mixed in the U.S. Midwest on Tuesday as farmer selling increased slightly after the previous week's snowstorms stalled activity. The U.S. Department of Agriculture will release its monthly supply-demand report at 11:...Reuters
Tue, Dec 9
US Plains HRW Wheat-Basis bids steady to higher in quiet trade
CHICAGO, Dec 9 (Reuters) - Spot basis bids for hard red winter wheat were steady to higher in muted trade on Tuesday as merchandisers rolled their contracts from the December contract KWZ25 to the March contract KWH26.Movement was slow in the U.S. Plains, dealers reported.Traders are positioning ahe...Reuters
Tue, Dec 9
BLS says to publish US December employment, CPI reports on schedule
WASHINGTON, Dec 9 (Reuters) - The U.S. Bureau of Labor Statistics said on Tuesday it would publish December's employment report and Consumer Price Index data on January 9 and 13 respectively as originally planned, bringing the release calendar for these indicators back on schedule.The 43-day gov...Reuters
Tue, Dec 9
PRECIOUS-Gold rises ahead of Fed rate cut decision, silver hits $60/oz milestone
Silver hits all-time high of $60.52/ozFOMC policy meeting on December 9-10Traders see 87.4% chance of a December rate cutData shows U.S. job openings increased marginally in OctoberBy Anjana Anil and Anushree MukherjeeDec 9 (Reuters) - Gold rose on Tuesday as traders remained optimistic ahead of the...Reuters
Tue, Dec 9
India and EU will push for trade deal as deadline approaches, Indian minister says
By Manoj Kumar and Shivangi Acharya NEW DELHI, Dec 9 (Reuters) - India and the European Union will work to seal a long-pending trade deal at the earliest opportunity, New Delhi said on Wednesday, after concluding another round of talks amid signs that a year-end deadline may slip.Indian Commerce...Reuters
Tue, Dec 9
Russia's prosecutor general asks court to ban work of US fund with agriculture assets
MOSCOW, Dec 9 (Reuters) - Russia's prosecutor general has asked a Moscow court to ban the activity of U.S. company NCH Capital, owner of major agricultural producer AgroTerra, in Russia, branding it as "extremist", an official channel of the Moscow courts on Telegram said on Tuesday.Reuters
Tue, Dec 9
Mexican business group accuses US of treaty breach over pollution from border bridge closure
MEXICO CITY, Dec 9 (Reuters) - A Mexican business coalition accused the United States of violating a 40-year-old environmental treaty by failing to assess air quality impacts on Mexican border residents before closing a major cargo crossing, according to a complaint made public on Tuesday. The compl...Reuters
Tue, Dec 9
EU wheat eases as Argentine export tax cut weighs
PARIS, Dec 9 (Reuters) - European wheat futures edged lower on Tuesday as Argentina's announcement of a cut to its grain export taxes was set to maintain stiff competition in a heavily supplied wheat market.Price movements and trading volumes were moderate, with grain markets awaiting the U.S. D...Reuters
Tue, Dec 9
PRECIOUS-Gold rises ahead of Fed rate cut decision, key US jobs data
Traders see 89.4% chance of a December rate cutFOMC policy meeting on December 9-10Job openings report due at 10 am ETBy Sarah Qureshi Dec 9 (Reuters) - Gold rose on Tuesday as traders remained optimistic ahead of the U.S. Federal Reserve's interest rate decision on Wednesday, while also awai...Reuters
Tue, Dec 9
Israel-Egypt natural gas talks at advanced stage, Israeli ministry says
JERUSALEM, Dec 9 (Reuters) - Talks over a deal between Israel and Egypt to supply Egypt with natural gas is in "advanced stages", but some issues still need to be resolved, Israel's Energy Ministry told Reuters on Tuesday.Israel signed the largest export agreement in its history last Aug...Reuters
Tue, Dec 9
