News
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CANADA-CRUDE-Discount on Western Canada Select continues to widen
Feb 9 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 widened to its steepest point since July 2024 on Monday. WCS for March delivery in Hardisty, Alberta, settled at $15.45 a barrel below the U.S. benchmark WTI, according...Reuters
Mon, Feb 9
US Cash Crude-Grades little changed as WTI/Brent spread holds steady
HOUSTON, Feb 9 (Reuters) - Grades were little changed on Monday, dealers said, as the WTI/Brent spread remained largely steady. The spread between WTI and Brent widened to a discount of as much as minus $4.85 during the session. A spread larger than minus $4 typically encourages export demand, drivi...Reuters
Mon, Feb 9
Australia's Treasury Wine settles US distributor dispute, lifts HY earnings outlook
Feb 10 (Reuters) - Australia's Treasury Wine Estates TWE.AX said on Tuesday it had settled a dispute with its U.S. distributor, Republic National Distributing Company, over the closure of the California operations last September.The firm now expects first-half earnings before interest and taxes ...Reuters
Mon, Feb 9
CSX Announces $670 Million Locomotive Fleet Upgrade with Wabtec
Feb 9 (Reuters) - CSX Corp CSX.O:CSX ANNOUNCES $670M LOCOMOTIVE FLEET UPGRADE WITH WABTECCSX CORP - TO UPGRADE FLEET WITH 150 LOCOMOTIVESCSX CORP - DELIVERY OF NEW LOCOMOTIVES EXPECTED THIS YEARCSX CORP: DELIVERIES OF MODERNIZED LOCOMOTIVES BEGINNING IN 2027Reuters
Mon, Feb 9
Medpace Q4 revenue beats expectations
OverviewClinical research firm's Q4 revenue rose 32%, beating analyst expectationsQ4 EBITDA increased 20%, though margin decreased compared to last yearNet new business awards for Q4 rose 39.1%, net book-to-bill ratio at 1.04xOutlookMedpace forecasts 2026 revenue between $2.755 bln and $2.855 bl...Reuters
Mon, Feb 9
CBOT wheat futures end lower ahead of monthly USDA crop report
CHICAGO, Feb 9 (Reuters) - Chicago Board of Trade wheat futures ended modestly lower on Monday on follow-through selling after Friday's lower close as brokers awaited fresh fundamental direction.CBOT March soft red winter wheat WH26 settled down 1 cent at $5.28-3/4 per bushel.K.C. March hard red...Reuters
Mon, Feb 9
CBOT corn ends lower, following soybeans; USDA data awaited
CHICAGO, Feb 9 (Reuters) - Chicago Board of Trade corn futures ended lower on Monday, pressured by a lack of supportive news, declines in soybeans and position-squaring ahead of Tuesday's monthly supply-demand report from the U.S. Department of Agriculture, traders said.CBOT March corn CH26 sett...Reuters
Mon, Feb 9
Oil settles up more than 1% after US urges caution for vessels near Iran
US advises vessels in Strait of Hormuz stay away from IranIran threatens US bases if attacked, despite talksEU proposes ban on services supporting Russia's oil exportsIndia moving away from Russian oil, sources sayBy Shariq Khan NEW YORK, Feb 9 (Reuters) - Oil prices settled more than 1% ...Reuters
Mon, Feb 9
CBOT soybeans retreat as Brazilian harvest expands; USDA data awaited
CHICAGO, Feb 9 (Reuters) - Chicago Board of Trade soybean futures ended lower on Monday, pressured by the expanding harvest of a massive crop in Brazil and profit-taking after a rally last week drove prices to two-month highs above $11 a bushel, traders said.CBOT March soybeans SH26 settled down 4-1...Reuters
Mon, Feb 9
US natural gas futures fall more than 8% on milder forecasts
By Anjana AnilFeb 9 (Reuters) - U.S. natural gas futures fell by more than 8% on Monday on forecasts for milder weather than previously expected for the rest of the month, erasing the previous session's gains.Gas futures for March delivery NGc1 on the New York Mercantile Exchange fell 28.4 cents...Reuters
Mon, Feb 9
Judge temporarily halts order requiring Trump to unfreeze tunnel funding
By David ShepardsonFeb 9 (Reuters) - A U.S. judge in New York on Monday temporarily put her ruling on hold forcing the Trump administration to lift a four-month-old freeze on federal funding for the $16 billion Hudson River Tunnel Project connecting New York City and New Jersey.U.S. District Judge J...Reuters
Mon, Feb 9
PRECIOUS-Gold rises as dollar slips, focus turns to US jobs data
China's central bank buys gold for 15th consecutive monthSilver climbs over 6% after gaining nearly 10% on FridayDelayed US jobs, inflation data due later this weekBy Anmol Choubey Feb 9 (Reuters) - Gold prices rose 2% on Monday, buoyed by a softer dollar as investors braced for a week packed...Reuters
Mon, Feb 9
GRAINS-US soy futures pull back from rally as Brazil harvest advances
By Julie Ingwersen CHICAGO, Feb 9 (Reuters) - U.S. soybean futures fell on Monday on profit taking after a rally last week drove prices to a two-month high well above $11 a bushel, tied to U.S. President Donald Trump's remarks that China may buy more beans from the United States.The expanding...Reuters
Mon, Feb 9
EXCLUSIVE-Venezuela's Orinoco Belt loosening helps lift oil output to 1 million bpd, sources say
Faster oil exports have allowed inventory drainPDVSA had ordered joint ventures in the Orinoco to cut output New US licenses expected for firms to keep growing productionBy Marianna Parraga Feb 9 (Reuters) - Venezuela's state oil company PDVSA has reversed most output cuts at its own oilfiel...Reuters
Mon, Feb 9
Gold rallies above $5,070 as China treasury shift batters US Dollar
Gold price (XAU/USD) remains bid during the North American session on Monday following reports that Chinese authorities recommended institutions to reduce exposure to US Treasuries or pare down their positions due to increased volatility. At the time of writing, XAU/USD trades at $5.074, up 2.16%.
Fxstreet
Mon, Feb 9
Judge temporarily halts order requiring Trump to unfreeze tunnel funding
Feb 9 (Reuters) - A U.S. judge in New York on Monday temporarily put her ruling on hold forcing the Trump administration to lift a four-month-old freeze on federal funding for the $16 billion Hudson Tunnel Project connecting New York City and New Jersey.U.S. District Judge Jeannette Vargas on Friday...Reuters
Mon, Feb 9
US Cash Grains-Corn bids mixed, soy steady ahead of USDA reports
CHICAGO, Feb 9 (Reuters) - Basis bids for corn were mixed and soybean bids were steady in the U.S. Midwest on Monday as market players awaited the U.S. Department of Agriculture's monthly supply and demand report that will come out on Tuesday.Chicago soybean futures fell on Monday, pressured by ...Reuters
Mon, Feb 9
EU wheat falls on export-punishing euro strength, rapeseed firm
HAMBURG/PARIS, Feb 9 (Reuters) - European wheat futures fell on Monday to their lowest in more than a week as a stronger euro dented export prospects and concerns about cold weather damage to northern hemisphere crops subsided while rapeseed ended firm.March milling wheat BL2H6 on the Paris-based Eu...Reuters
Mon, Feb 9
Europe Gasoline/Naphtha-Gasoline refining margins dip lower
LONDON, Feb 9 (Reuters) - Northwest European gasoline refinery profit margins fell on Monday, by 62 cents to about $8.35 a barrel.About 6,000 tons of E5 gasoline barges traded on Argus, with BP selling to TotalEnergies.No Eurobob E10 gasoline traded on barges in the Argus window on Monday.Meanwhile,...Reuters
Mon, Feb 9
