News
Important Only
GRAINS-Corn, wheat futures climb on Black Sea tensions, US weather
By Julie Ingwersen CHICAGO, Dec 2 (Reuters) - Benchmark Chicago corn and wheat futures rose roughly 1% on Tuesday, lifted by worries about tensions in the Black Sea grain export region as well as cold weather slowing grain movement in the U.S. Midwest, analysts said.Soybean futures declined, pres...Reuters
Tue, Dec 2
Heavy snow expected in parts of US Midwest, Northeast
By Rich McKayDec 2 (Reuters) - An intensifying weather system was expected to bring heavy snow or rain to parts of the U.S. Midwest, the Appalachians and the Northeast on Tuesday, with more than 50 million Americans under a winter storm advisory.Up to a foot of snow is forecast across the Ohio Valle...Reuters
Tue, Dec 2
US to announce ‘bridge payment’ for farmers next week, Rollins says
Farmers face low crop prices, lost soybean sales to ChinaAid expected by year-end, but amount unclear, say Senate farm leadersFarmers set to receive $40 billion from government in 2025, per USDABy Trevor Hunnicutt, Bo Erickson and Leah Douglas WASHINGTON, Dec 2 (Reuters) - Agriculture Secretary B...Reuters
Tue, Dec 2
US Plains HRW Wheat-Basis bids mostly steady to lower as futures jump
CHICAGO, Dec 2 (Reuters) - Spot basis bids for hard red winter wheat were mostly steady to lower around the U.S. Plains on Tuesday as futures prices jumped and farmer selling remained slow, grain merchants said.Wheat futures on the Chicago Board of Trade rebounded on Tuesday after two sessions of lo...Reuters
Tue, Dec 2
White House to propose significant rollback in fuel economy standards, sources say
By David Shepardson WASHINGTON, Dec 2 (Reuters) - The Trump administration is set to propose a significant rollback of fuel economy standards finalized by former President Joe Biden last year, its latest push to make it easier for automakers to sell gas-powered cars, sources told Reuters.The Nati...Reuters
Tue, Dec 2
U.S. to announce ‘bridge payment’ for farmers next week, Rollins says
WASHINGTON, Dec 2 (Reuters) - Agriculture Secretary Brooke Rollins said on Tuesday that the Trump administration will announce a “bridge payment” for farmers next week, designed to provide short‑term relief while longer trade and aid packages are finalized.Reuters
Tue, Dec 2
RPT-SPECIAL REPORT-China floods the world with gasoline cars it can't sell at home
Chinese automakers export gasoline cars due to domestic EV growthState-owned giants like SAIC, Dongfeng lead export surgeEmerging markets key for Chinese gasoline car salesBy Nick Carey WARSAW, Dec 2 (Reuters) - China's electric-vehicle industry captured half its domestic market in just a few...Reuters
Tue, Dec 2
EU wheat rises with Algeria tender, Black Sea tensions in focus
PARIS, Dec 2 (Reuters) - Euronext wheat rose on Tuesday to recover from contract lows as an Algerian tender raised the prospect of fresh demand, while renewed threats to Black Sea shipping in the Russia-Ukraine war also unsettled traders.March wheat BL2H6, the most active contract on the Paris-based...Reuters
Tue, Dec 2
REFILE-EXCLUSIVE-Exxon in talks with Iraq about buying Lukoil stake in giant West Qurna 2 oilfield, sources say
Lukoil seeks to sell assets due to U.S. sanctionsWest Qurna 2 is Lukoil's largest foreign assetExxon preferred by Iraq for West Qurna 2 takeoverBy Ahmed Rasheed and Aref Mohammed BAGHDAD, Dec 2 (Reuters) - Exxon Mobil XOM.N has approached the Iraqi oil ministry to express its interest in buyi...Reuters
Tue, Dec 2
Brazil's Vale explores copper joint venture with Glencore in Canada
LONDON/SAO PAULO, Dec 2 (Reuters) - Brazilian miner Vale VALE3.SA said on Tuesday that its base metals unit is in talks with Glencore GLEN.L to form a copper joint venture in Canada that could yield around 900,000 metric tons of the energy transition metal over 21 years.Vale said it plans to form an...Reuters
Tue, Dec 2
Lula and Trump discussed tariffs, fighting organized crime in phone call, Brazil says
BRASILIA/SAO PAULO, Dec 2 (Reuters) - Brazilian President Luiz Inacio Lula da Silva called United States' President Donald Trump on Tuesday, when both leaders spoke about trade, the economy, and fighting organized crime, the Brazilian Presidential Palace said. Lula thanked Trump for his decision...Reuters
Tue, Dec 2
EU vets assess Barcelona swine fever outbreak as cases rise to nine
EU vets to survey, advise on Barcelona swine fever outbreakSpain resumes pork exports to China, urges others to followASF outbreak may boost US exports, says Steiner ConsultingBy Emma Pinedo and Jesus Calero MADRID, Dec 2 (Reuters) - A task force of EU vets began work in Barcelona on Tuesday to h...Reuters
Tue, Dec 2
EU wheat rises with Algeria tender, Black Sea tensions in focus
PARIS, Dec 2 (Reuters) - Euronext wheat rose on Tuesday to recover from contract lows as an Algerian tender raised the prospect of fresh demand, while renewed threats to Black Sea shipping in the Russia-Ukraine war also unsettled traders.March wheat BL2H6, the most active contract on the Paris-based...Reuters
Tue, Dec 2
Europe Gasoline/Naphtha-Gasoline crack spreads firm
LONDON, Dec 2 (Reuters) - Northwest European gasoline refinery profit margins rose by about 90 cents to $17.78 a barrel.About 8,000 metric tons of Eurobob E5 gasoline traded on barges on Tuesday, as TotalEnergies, Glencore and Trafigura sold to Aramco Trading and BP.A further 4,000 tons of Eurobob E...Reuters
Tue, Dec 2
Appian talking to US, Australia on critical minerals after IFC deal
LONDON, Dec 2 (Reuters) - Appian Capital Advisory said it is in talks with the U.S. and Australia about replicating the critical minerals investment partnership it recently agreed with a World Bank division.The private equity firm and the International Finance Corporation (IFC) launched a $1 billion...Reuters
Tue, Dec 2
US Cash Grains-Corn basis mixed at ethanol plants, steady-up at elevators and other processors
CHICAGO, Dec 2 (Reuters) - Spot basis bids for corn were mixed at U.S. Midwest ethanol plants on Tuesday and mostly steady to higher at other processing plants and at interior and river elevators.A corn processor in Lincoln, Nebraska, raised its spot basis bids by 3 cents a bushel. A river terminal ...Reuters
Tue, Dec 2
Silver price eases as profit-taking, US data anticipation weigh
Silver (XAG/USD) moves lower on Tuesday, trading around $57.50 at the time of writing, down 0.70% on the day. The white metal is easing after Monday’s solid upward move, as market participants trim exposure ahead of several key US macroeconomic releases.
Fxstreet
Tue, Dec 2
Russian-flagged tanker reports drone attack off Turkey, authorities say
By Daren Butler and Tuvan Gumrukcu ISTANBUL, Dec 2 (Reuters) - A Russian-flagged tanker loaded with sunflower oil reported a drone attack off the Turkish coast on Tuesday, but its 13 crew members were unharmed, Turkey's maritime authority and the Tribeca shipping agency said.Ukrainian naval d...Reuters
Tue, Dec 2
Auto File - China’s gas-guzzling exports
By Nick Carey, European Autos Correspondent Greetings from London! The European Commission is getting ready to issue updated carbon emissions targets, including an existing 2035 ban on fossil-fuel vehicles that the continent’s auto industry has decried as impossible to implement. As that update...Reuters
Tue, Dec 2
UK has no immediate plans for critical minerals price floor, minister says
By Eric Onstad LONDON, Dec 2 (Reuters) - Britain has no plans to match the United States in supporting domestic rare earth companies with a price floor to cut reliance on dominant producer China, Industry Minister Chris McDonald said. So far Britain is attracting adequate investment in the critic...Reuters
Tue, Dec 2
