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Oil prices slide 2% to two-week low on talk of progress in US-Iran talks
Oil prices drop amid possible easing in US-Iran tensionsIran-US talks progress but no imminent deal, Araqchi saysVolatility to continue due to geopolitical tensions, analyst saysBy Scott DiSavino NEW YORK, Feb 17 (Reuters) - Oil prices fell about 2% to a two-week low on Tuesday on hopes tensions ...Reuters
Tue, Feb 17
CIF/FOB Gulf Grain-Soybean, corn basis bids stay mostly steady
CHICAGO, Feb 17 (Reuters) - Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast terminals were largely steady on Tuesday, traders said.Soybean demand from top importer China was quiet, with many traders expected to be absent from the market this week due to the Lunar New Year holida...Reuters
Tue, Feb 17
US Cash Grains-Corn bids mixed at ethanol plants
CHICAGO, Feb 17 (Reuters) - Basis bids for corn were steady to mixed at ethanol plants in the U.S. Midwest on Tuesday. Corn and soybean basis bids were mostly flat at other types of processors, elevators and river terminals in a spot check of locations. The corn basis was lower at an ethanol plant i...Reuters
Tue, Feb 17
GRAINS-Wheat, corn ease further from multi-month highs
Wheat lower on technical trading, heavy global supplyCorn lower on spillover weakness from wheatSoybeans tick up on hopes for Chinese demandBy Heather SchlitzCHICAGO, Feb 17 (Reuters) - Chicago wheat futures moved back on Tuesday from multi-month highs struck in the previous week as ample global sup...Reuters
Tue, Feb 17
CBOT corn lower on spillover weakness from wheat
CHICAGO, Feb 17 (Reuters) - Chicago Board of Trade corn futures tracked wheat futures lower on Tuesday.CBOT March corn CH26 settled 5-1/2 cents lower to $5.26-1/4 per bushel.Corn has gained some support from doubts over grain quality in China. Chinese buyers have ramped up purchases of Australian ba...Reuters
Tue, Feb 17
CBOT wheat stumbles on supply, technical trading
CHICAGO, Feb 17 (Reuters) - Chicago Board of Trade wheat futures moved back from multi-month highs struck in the previous week as ample global supply and technical trading weighed on the market on Tuesday, analysts said. CBOT March soft red winter wheat WH26 settled 11 cents lower to $5.37-3/4 per b...Reuters
Tue, Feb 17
US natural gas futures drop 7% to 4-month low amid near-record output, mild weather
Waha Hub prices remain negative due to pipeline constraintsLSEG reports record high daily gas output in Lower 48 statesMild weather forecast to keep heating demand low through early MarchBy Scott DiSavinoNEW YORK, Feb 17 (Reuters) - U.S. natural gas futures dropped about 7% to a four-month low on Tu...Reuters
Tue, Feb 17
CBOT soybeans higher, doubts over Chinese demand linger
CHICAGO, Feb 17 (Reuters) - Chicago Board of Trade soybean futures ticked higher on Tuesday on continued hopes for Chinese purchases of U.S. soybeans, though the Lunar New Year holiday, which brings business to a halt in much of Asia, has added to demand concerns.CBOT March soybeans SH26 settled 1 c...Reuters
Tue, Feb 17
REFILE--'Exports to China look dismal,' leader of busiest US seaport says
LOS ANGELES, Feb 17 (Reuters) - Exports from the Port of Los Angeles, the busiest U.S. gateway for ocean trade, fell 8% in January to the lowest monthly output in nearly three years, Executive Director Gene Seroka said on Tuesday."Exports to China look dismal," Seroka said after the Port of ...Reuters
Tue, Feb 17
Gold plunges over 3% as US-Iran talks boost USD demand
Gold (XAU/USD) price dives more than 3% on Tuesday as the Greenback rebounds amid Washington-Tehran talks that, according to a senior White House official quoted by Axios, are showing signs of progress. At the time of writing, XAU/USD trades at $4,869 after reaching a daily high of $5,000.
Fxstreet
Tue, Feb 17
Iraq approves 'amicable settlement' with Russia's Lukoil over transfer of operations of giant field
CAIRO, Feb 17 (Reuters) - The Iraqi cabinet approved on Tuesday an "amicable settlement" with Russia's Lukoil LKOH.MM over the transfer of operations of the giant West Qurna 2 oil field to the state-run Basra Oil Company, according to a statement.Last month, Iraq nationalised the oilfiel...Reuters
Tue, Feb 17
PRECIOUS-Gold slides more than 2% on progress in US-Iran talks, firmer dollar
Iranian foreign minister says progress made in nuclear talks with USRussia and Ukraine gather for US-mediated peace talksJanuary FOMC minutes due on WednesdayBy Anmol Choubey Feb 17 (Reuters) - Gold fell more than 2% on Tuesday, as signs of progress in U.S.-Iran talks dampened safe-haven demand, ...Reuters
Tue, Feb 17
Berkshire-owned PacifiCorp, citing liquidity, sells Washington assets to Portland General Electric for $1.9 billion
PacifiCorp has warned of liquidity concerns from Oregon wildfirePGE to acquire natural gas, wind, utility assetsTransaction may close in more than one yearBy Jonathan Stempel and Katha Kalia Feb 17 (Reuters) - PacifiCorp, a utility owned by Berkshire Hathaway BRKa.N, is selling wind, natural gas...Reuters
Tue, Feb 17
EU wheat prices ease with Chicago as hefty supply weighs
PARIS, Feb 17 (Reuters) - Euronext wheat eased on Tuesday as Chicago futures retreated from a near three-month peak while stiff competition for tepid international demand also curbed the market, traders said.May milling wheat BL2K6, the most active position on Euronext, settled 0.5% down at 190.25 e...Reuters
Tue, Feb 17
Czechs offer limited oil volumes to Slovakia via Druzhba reverse flow, minister says
PRAGUE, Feb 17 (Reuters) - The Czech Republic is offering small volumes of oil to Slovakia through an eastward flow of the Druzhba pipeline after westward flows from Ukraine were stopped after an attack on the pipeline last month, Czech Economy Minister Karel Havlicek said on Tuesday.The Czechs stop...Reuters
Tue, Feb 17
REFILE-US will continue to supply Europe with LNG at low prices, says US Energy Secretary
PARIS, Feb 17 (Reuters) - The United States will continue to supply Europe with LNG at low prices, U.S. Energy Secretary Chris Wright said on Tuesday. "Can we continue to supply Europe at very low prices? Absolutely, for as far as the eye can see," Wright said at a conference in Paris, org...Reuters
Tue, Feb 17
U.S. energy chief says Venezuela could boost output by "several hundred thousand bpd by year‑end"
PARIS, Feb 17 (Reuters) - U.S. energy secretary Chris Wright said on Tuesday that Venezuela could add "several hundred thousand barrels per day" to oil production by year‑end."I think you'll see several 100,000 barrels a day of additional production by the end of this year," Wrig...Reuters
Tue, Feb 17
Canada's Sherritt to halt Cuba mine operations over fuel shortages
Feb 17 (Reuters) - Canada's Sherritt International Corp S.TO said on Tuesday that it plans to halt operations at its nickel and cobalt mine in Cuba due to the fuel shortage on the Caribbean island. The Toronto-based company has reduced operations at its joint venture in Moa, Cuba, and is due to ...Reuters
Tue, Feb 17
