News
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CANADA-CRUDE-Discount on Western Canada Select widens
July 17 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 settled Thursday at its widest since March.WCS for August delivery in Hardisty, Alberta, settled at $11 a barrel under the U.S. benchmark WTI, according to brokerage CalRock...Reuters
Thu, Jul 17
Talen to acquire power stations in Pennsylvania, Ohio for $3.5 billion
July 17 (Reuters) - Talen Energy TLN.O is acquiring two power plants located in Pennsylvania and Ohio for a net $3.5 billion, it said on Thursday, adding that it expects the move to boost the company's free cash flow per share by over 40% in 2026.Shares of the company jumped about 16% in extende...Reuters
Thu, Jul 17
US Cash Grains-Soybean crusher basis steady to firm, corn bids flat to lower
CHICAGO, July 17 (Reuters) - Spot basis bids for soybeans were steady to higher at U.S. Midwest processing plants on Thursday and mostly steady at interior elevators and barge-loading river terminals, merchants said.A soybean crusher in Des Moines, Iowa, raised its spot basis bid by 10 cents a bushe...Reuters
Thu, Jul 17
Canada and New Zealand resolve dairy trade dispute, Canada says
July 17 (Reuters) - Canada and New Zealand have reached a "mutually satisfactory" resolution to a long-running dispute over access for dairy products, the Canadian government said in a statement on Thursday."This agreement, negotiated in close consultation with Canadian dairy stakeholder...Reuters
Thu, Jul 17
Solar, wind projects on US lands will get extra scrutiny
July 17 (Reuters) - President Donald Trump's administration said on Thursday that decisions related to solar and wind energy projects on federal lands will be reviewed by Interior Secretary Doug Burgum's office to end what calls preferential treatment for renewable energy sources.The add...Reuters
Thu, Jul 17
US Cash Crude-Mars sour trades at 8-month low following quality issues
July 17 (Reuters) - Grades broadly fell on Thursday, dealers said, with Mars Sour trading at its lowest since mid-November, while Light Louisiana Sweet bucked the broader downward trend. Mars Sour WTC-MRS fell 45 cents to a midpoint of a 75-cent discount to U.S. crude futures, compared with $1 pr...Reuters
Thu, Jul 17
ICE canola futures rebound on vegoils strength, technicals
LANGHAM, Saskatchewan, July 17 (Reuters) - ICE canola futures shot higher on Thursday, with general vegoils strength and technical factors taking canola over 3% higher.• November canola RSX5 settled up $23.80 at $699.90 per metric ton. Other contract months saw similar large gains. • Thursday's ...Reuters
Thu, Jul 17
Talen Energy to acquire power stations in Pennsylvania, Ohio for $3.5 billion
July 17 (Reuters) - Talen Energy TLN.O has agreed to acquire Caithness Energy's Moxie Freedom Energy Center in Pennsylvania and Caithness and BlackRock's Guernsey Power Station in Ohio in a deal worth $3.5 billion, the company said on Thursday.Reuters
Thu, Jul 17
GRAINS-Soy futures top one-week high, US crop outlook limits gains
By Tom Polansek CHICAGO, July 17 (Reuters) - Chicago Board of Trade soybean futures hit their highest level in more than a week on Thursday as technical buying helped the market recover from a three-month low reached on Monday, analysts said.Corn futures retreated after rising for the previous th...Reuters
Thu, Jul 17
BHP, Lundin JV extends useful life of Argentina copper mine
By Lucila Sigal BUENOS AIRES, July 17 (Reuters) - Vicuña Corp, a joint venture of Australia's BHP BHP.AS and Canada's Lundin Mining LUN.TO, on Thursday said it was extending the useful life of its Josemaria copper, gold and silver project in Argentina by six years. It attributed th...Reuters
Thu, Jul 17
Burgundy Diamonds lays off employees in Canada as diamond prices tank
Burgundy suspends Point Lake mine due to low diamond pricesMisery underground site operations remain unaffectedNWT community seeks projects to offset future job losses from mine closuresBy Divya Rajagopal TORONTO, July 17 (Reuters) - Australian miner Burgundy Diamond Mines laid off several hundre...Reuters
Thu, Jul 17
SOFTS-Cocoa hits eight-month low on weak demand data; sugar up on Coke
NEW YORK, July 17 (Reuters) - Cocoa futures on ICE fell more than 4% to their lowest in more than eight months on Thursday after worse-than-expected demand data from Europe and Asia. Sugar futures rose in part due to possible higher use in the United States, while coffee retreated. COCOA ...Reuters
Thu, Jul 17
CBOT soybeans extend gains on technical buying, soyoil rallies
CHICAGO, July 17 (Reuters) - Chicago Board of Trade soybean futures finished higher on Thursday, extending gains on technical buying after the most-active contract Sv1 hit a three-month low on Monday, analysts said.Strong gains in CBOT soyoil helped support soybeans, traders said.Expectations for a ...Reuters
Thu, Jul 17
CBOT wheat hits May low under pressure from ample global supply
CHICAGO, July 17 (Reuters) - Chicago Board of Trade wheat futures weakened on Thursday under pressure from plentiful global supplies, analysts said.The International Grains Council kept its 2025-26 world wheat crop outlook at 808 million tons, a modest increase on the prior season's 800 million....Reuters
Thu, Jul 17
Oil jumps $1 after further drone attacks on Iraq oil fields
Middle East tensions add volatility to oil marketTight crude, product inventories support marketAnalysts expect possible price weakness before US tariffs revealedBy Erwin Seba HOUSTON, July 17 (Reuters) - Oil prices rose $1 on Thursday after drones struck Iraqi Kurdistan oil fields for a fourth d...Reuters
Thu, Jul 17
BHP, Lundin JV extends useful life of Argentina copper mine
BUENOS AIRES, July 17 (Reuters) - Miner Vicuña Corp, a joint venture of Australia's BHP BHP.AS and Canada's Lundin Mining LUN.TO, on Thursday said it was extending the useful life of its Josemaria copper, gold and silver project in Argentina to 25 years from a prior level of 19 years.It attr...Reuters
Thu, Jul 17
CBOT corn ends lower in setback from three-day rebound
CHICAGO, July 17 (Reuters) - Chicago Board of Trade corn futures eased on Thursday in a setback from recent gains that were driven by short covering and technical buying, traders said. New-crop CBOT December corn CZ25 ended 3 cents lower at $4.21 a bushel. The market advanced for the previous three ...Reuters
Thu, Jul 17
US natgas prices hold near 2-week high as hot weather boosts power demand
US storage build in line with estimates - EIANHC downgrades chance of tropical storm in Gulf of MexicoLNG outages at Elba in Georgia and Freeport in Texas this weekBy Scott DiSavino July 17 (Reuters) - U.S. natural gas futures held near a two-week high on Thursday as hot weather forced power gene...Reuters
Thu, Jul 17
Trump effort to build food aid recipient database unlawful, lawmakers say
By Leah Douglas WASHINGTON, July 17 (Reuters) - The Trump administration's plan to amass a database of U.S. food aid recipients for the purpose of checking immigration status and avoiding duplicate enrollment amounts to an unlawful privacy violation, lawmakers said in a letter on Thursday to ...Reuters
Thu, Jul 17
