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COLUMN-Chicago corn and soybeans sink to effective 19-year lows: Braun
By Karen Braun NAPERVILLE, Illinois, July 16 (Reuters) - Chicago corn futures hit contract lows yet again this week and soybeans have been flirting with single-digit prices as ample U.S. harvests are on the docket.December corn still hovers just above last year’s levels and November soybeans are ...Reuters
Wed, Jul 16
Canada announces steel tariffs on some trade partners to protect domestic industry
Carney introduces new steel tariffs on trade partners to protect the domestic steel industryCanada introduces C$1 billion fund for steel industry projectsDomestic steel prioritized in government procurement, Carney says By Divya Rajagopal TORONTO, July 16 (Reuters) - Prime Minister Mark Carney on...Reuters
Wed, Jul 16
US Cash Crude-Grades mixed as domestic crude stocks fall, fuels rise
July 16 (Reuters) - Grades were mixed on Wednesday, dealers said, and investors digested official U.S. oil stock data, which showed a drop in crude inventories and rise in fuel stocks last week. Crude stockpiles fell by 3.9 million barrels to 422.2 million barrels in the week ended July 11, the Ener...Reuters
Wed, Jul 16
Phillips 66's Bayway refinery partially shut after power outage, sources say
NEW YORK, July 16 (Reuters) - Phillips 66 PSX.N has partially shut its 258,500 barrel-per-day Bayway refinery in Linden, New Jersey, after rainstorms in the region caused a power outage at the plant, three sources familiar with the matter said.Phillips 66 confirmed the power outage, but declined to ...Reuters
Wed, Jul 16
US Cash Grains-Corn processor, wheat miller basis bids steady-lower
CHICAGO, July 16 (Reuters) - Spot basis bids for corn were flat to lower at U.S. Midwest processing plants on Wednesday while bids at wheat processors were unchanged to down slightly.Farmer selling remained minimal on Wednesday as futures prices remain near recent lows. Growers are reluctant to lock...Reuters
Wed, Jul 16
Pipeline operator Kinder Morgan posts higher second-quarter profit
July 16 (Reuters) - U.S. pipeline and terminal operator Kinder Morgan KMI.N posted a rise in second-quarter profit on Wednesday, helped by higher volumes of natural gas transported through its pipelines.The Houston, Texas-based company said its net income came in at $715 million for the three months...Reuters
Wed, Jul 16
GRAINS-Soybean futures jump on hopes for US export demand
Exporters sell US soy to unknown buyers, USDA saysUS strikes trade deal with soy-importer IndonesiaUS weather looks favorable for crops, forecaster saysBy Tom Polansek CHICAGO, July 16 (Reuters) - Chicago Board of Trade soybean futures jumped on hopes for U.S. export demand on Wednesday, while co...Reuters
Wed, Jul 16
US transfers acreage near proposed mining road to Alaska native group
July 16 (Reuters) - The Trump administration transferred 28,000 acres (11,331 hectares) in a remote part of Northwest Alaska to a native corporation, putting more land near a proposed mining road under local control.The move is aligned with President Donald Trump's pledge to remove barriers to e...Reuters
Wed, Jul 16
Puerto Rico Electric Power Authority needs to find solution for $10-billion bankruptcy, says Luma Energy
July 16 (Reuters) - LUMA ENERGY: SAYS U.S. CONGRESS TO DISCUSS PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY ACT (PROMESA) TODAYSAYS PUERTO RICO ELECTRIC POWER AUTHORITY (PREPA) NEEDS TO FIND RESOLUTION FOR ITS 10-YEAR, $10 BILLION BANKRUPTCY AND PUT AN END TO ITS ONGOING FISCAL IRRESPON...Reuters
Wed, Jul 16
CBOT wheat rebounds after September contract sets two-month low
CHICAGO, July 16 (Reuters) - Chicago Board of Trade wheat futures ended higher on Wednesday as the market rebounded after the most-active September contract WU25 fell to a two-month low, analysts said.Harvests in the Northern Hemisphere hung over the market by adding to supplies, traders said.Farm o...Reuters
Wed, Jul 16
ICE canola futures fall on news of Australian deal with China
LANGHAM, Saskatchewan, July 16 (Reuters) - ICE canola futures fell on Wednesday on news that China is near to a deal with Australia for canola imports. The decline was intensified by technical factors, traders said.• November canola RSX5 settled down $14.70 at $676.10 per metric ton. January RSF5 fe...Reuters
Wed, Jul 16
CBOT soybeans advance on hopes for more US export demand
CHICAGO, July 16 (Reuters) - Chicago Board of Trade soybean futures finished higher on Wednesday on hopes for increased U.S. export demand, analysts said.The U.S. Department of Agriculture reported that exporters sold 120,000 metric tons of U.S. soybeans to undisclosed destinations for shipment in t...Reuters
Wed, Jul 16
Phillips 66's Bayway refinery partially shut after power outage, sources say
NEW YORK, July 16 (Reuters) - Phillips 66 PSX.N has partially shut its 258,500 barrel-per-day Bayway refinery in Linden, New Jersey, after rainstorms in the region caused a power outage at the plant, three sources familiar with the matter said.Phillips 66 did not immediately reply to a request for c...Reuters
Wed, Jul 16
US natgas prices edge up to 2-week high on hot forecasts, near record LNG flows
NHC sees 40% chance of Gulf of Mexico storm over next weekWeather to remain hotter than normal through late JulyPower and gas prices soar in New England heat wave By Scott DiSavinoJuly 16 (Reuters) - U.S. natural gas futures edged up about 1% to a two-week high on Wednesday as hot weather boosts the...Reuters
Wed, Jul 16
Oil settles down; build in US fuel inventories offsets signs demand growing
US crude stockpiles fall, gasoline and distillates buildUS gasoline demand eases during peak driving season OPEC bullish on oil demand outlookBy Arathy Somasekhar HOUSTON, July 16 (Reuters) - Oil prices settled marginally lower on Wednesday as U.S. fuel inventory builds and concerns about wid...Reuters
Wed, Jul 16
CBOT corn closes higher for third consecutive session
CHICAGO, July 16 (Reuters) - Chicago Board of Trade corn futures finished stronger for the third consecutive session on Wednesday on short covering and technical buying, traders said. The market bounced after setting contract lows on Monday.Traders were monitoring U.S. weather forecasts for signs co...Reuters
Wed, Jul 16
US Plains HRW Wheat-Spot basis bids mostly flat as harvest winds down
CHICAGO, July 16 (Reuters) - Spot basis bids for hard red winter wheat held mostly steady across the southern U.S. Plains on Wednesday as growers were winding up their harvest and locking away unsold grain to await higher prices, merchants said. Farmer sales were slow as prices hover just above rece...Reuters
Wed, Jul 16
Gold rises on Fed-Trump drama, soft PPI and Israel strikes
Gold price rose during the North American session by 0.78%, helped by US President Donald Trump's comments on firing Federal Reserve (Fed) Chair Jerome Powell, despite his denials of the remarks, saying it is highly unlikely to fire him unless there is fraud.
Fxstreet
Wed, Jul 16
Solar and wind groups seek California aid after Trump subsidy cuts
July 16 (Reuters) - Clean energy companies are asking California leaders for help getting their projects going before changes to federal subsidies in President Donald Trump's sweeping new tax and spending law make them more expensive and difficult to build.In a letter to California Governor Gavi...Reuters
Wed, Jul 16
PRECIOUS-Gold pares gains after Trump shoots down talk of ousting Powell
Israel launches heavy airstrikes in DamascusUS producer prices unchanged in JuneBy Sarah Qureshi July 16 (Reuters) - Gold prices jumped on Wednesday following news reports that U.S. President Donald Trump planned to fire Federal Reserve Chair Jerome Powell, but trimmed gains after Trump denied th...Reuters
Wed, Jul 16
