News
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CIF/FOB Gulf Grain-Soybean barge bids stay largely flat amid lack of news on Chinese buying
CHICAGO, Dec 1 (Reuters) - Basis bids for soybeans shipped by barge to the U.S. Gulf Coast were largely steady on Monday amid a dearth of fresh news about Chinese purchases, traders said.The U.S. Department of Agriculture did not confirm U.S. sales to China in its daily reporting system, after repor...Reuters
Mon, Dec 1
EXCLUSIVE-Nestlé explores sale of Blue Bottle Coffee, sources say
Nestlé seeks to divest premium coffee chain Blue Bottle CoffeeInvestment bank Morgan Stanley is working on the processNestlé acquired the chain in 2017By Abigail Summerville Dec 1 (Reuters) - Swiss food giant Nestlé NESN.S is working with investment bank Morgan Stanley MS.N to review options, inc...Reuters
Mon, Dec 1
CBOT soybeans end lower as traders watch for US sales to China
CHICAGO, Dec 1 (Reuters) - Chicago Board of Trade soybean futures retreated on Monday from a one-week top on a lack of fresh soy sales to top buyer China and lingering doubts over whether the Asian nation will buy 12 million metric tons of the oilseed by the end of 2025, as forecast by senior U.S. o...Reuters
Mon, Dec 1
US Cash Crude-Grades broadly up as domestic refinery demand grows
HOUSTON, Dec 1 (Reuters) - U.S. crudes broadly rose on Monday, dealers said, on growing refinery demand. U.S. oil refiners are expected to have about 54,000 barrels per day of capacity offline in the week ending December 5, increasing available refining capacity by 133,000 bpd, research company IIR ...Reuters
Mon, Dec 1
CBOT corn ends lower on technical selling, weakness in soybeans
CHICAGO, Dec 1 (Reuters) - Chicago Board of Trade corn futures ended lower on Monday on spillover weakness from soybeans and technical selling including profit-taking after a three-session climb, traders said. CBOT March corn CH26 settled down 2-3/4 cents at $4.45 per bushel, retreating after faili...Reuters
Mon, Dec 1
Algoma Steel to cease blast furnace operations, lay off 1,000 workers as tariffs bite
Dec 1 (Reuters) - Canadian steelmaker Algoma Steel ASTL.TO said on Monday it would lay off 1,000 employees and close its blast furnace and coke-making operations in Ontario in early 2026 due to tariff pressures.The Trump administration's 50% tariffs on foreign steel have significantly restricted...Reuters
Mon, Dec 1
US natgas futures climb 2% to 35-month high on record LNG flows and colder forecasts
Colder weather expected to increase gas demand for heatingRecord LNG flows boost US natural gas demandGlobal gas prices lower amid Russia-Ukraine peace talksRecord US gas output allows for increased stockpilingBy Scott DiSavino NEW YORK, Dec 1 (Reuters) - U.S. natural gas futures climbed abou...Reuters
Mon, Dec 1
CBOT wheat closes lower on plentiful world supplies
CHICAGO, Dec 1 (Reuters) - Chicago Board of Trade wheat futures ended lower on Monday, pressured by reminders of ample world grain supplies, traders said.CBOT March soft red winter wheat WH26 settled down 3-1/2 cents at $535 a bushel.K.C. March hard red winter wheat KWH26 ended down 3/4 cent at $5.2...Reuters
Mon, Dec 1
Shopify resolves login issues that impacted thousands of users on Cyber Monday
Dec 1 (Reuters) - Shopify SHOP.TO, SHOP.O said it had fixed certain issues related to logging in to the online shopping platform that impacted thousands of customers and several small businesses on Cyber Monday. The outages peaked around 11 a.m. ET with around 4,000 outages reported. About 128 ...Reuters
Mon, Dec 1
Oil climbs over $1 a barrel on OPEC action, Ukraine attack
Brent, WTI rise more than 1% Ukraine drone attacks hit tankers carrying Russian oilBy Erwin Seba HOUSTON, Dec 1 (Reuters) - Oil prices rose more than 1% on Monday following drone attacks by Ukraine, the closure of Venezuelan airspace by the United States, and OPEC's decision to leave output l...Reuters
Mon, Dec 1
SOFTS-Robusta coffee slides as storm fears ease, sugar falls sharply
NEW YORK, Dec 1 (Reuters) - Robusta coffee futures on the ICE exchange slid on Monday as fears over damage from another tropical storm in top grower Vietnam eased, while sugar prices fell sharply.COFFEERobusta coffee LRCc1 settled down $93, or 2%, at $4,472 a metric ton. The contract gained 6.4% two...Reuters
Mon, Dec 1
US Plains HRW Wheat-Basis bids mostly steady on lower futures, slow farmer sales
CHICAGO, Dec 1 (Reuters) - Spot basis bids for hard red winter wheat were mostly unchanged around the U.S. Plains on Monday as futures prices eased and farmer selling remained light, grain merchants said.Wheat futures on the Chicago Board of Trade slid lower on Monday, pressured by ample global supp...Reuters
Mon, Dec 1
PRECIOUS-Gold touches six-week high as rate cut bets weigh on dollar; silver hits record high
Silver hits all-time high of $58.83 per ounceFed Chair Jerome Powell to speak later in the dayGold & silver in a strong sideways-to-uptrend, analyst saysBy Anmol Choubey Dec 1 (Reuters) - Gold prices rose to a six-week high on Monday, supported by growing expectations of U.S. interest rate cu...Reuters
Mon, Dec 1
US Midwest grid operator speeds review of 15 projects to bolster power supply
By Laila KearneyDec 1 (Reuters) - The U.S. Midwest grid operator will fast-track reviews of 15 more power projects to accelerate the addition of electricity supply, the Midcontinent Independent System Operator said on Monday, as part of a program facing legal challenges from consumer and environment...Reuters
Mon, Dec 1
GRAINS-US soy futures dip as traders await China sales; corn, wheat sag
By Julie Ingwersen CHICAGO, Dec 1 (Reuters) - U.S. soybean futures retreated on Monday from a one-week top on a lack of fresh soy sales to top buyer China and lingering doubts over whether the Asian nation will buy 12 million metric tons of the oilseed by the end of 2025, as forecast by senior U....Reuters
Mon, Dec 1
Black Sea shipping insurance rates rise after Ukraine attacks tankers, sources say
By Jonathan Saul LONDON, Dec 1 (Reuters) - The cost of shipping commodities through the Black Sea climbed on Monday after Ukrainian naval drones hit two tankers heading to a Russian port, with fears of further attacks driving up war risk insurance costs, industry sources said. The Black Sea is cr...Reuters
Mon, Dec 1
Europe Gasoline/Naphtha-Gasoline crack spreads edge higher
LONDON, Dec 1 (Reuters) - Northwest European gasoline refinery profit margins edged slightly higher on Monday to $16.88 a barrel.A total of 6,000 metric tons of Eurobob E5 gasoline barges traded, which Equinor and Varo sold to Aramco Trading and MB Energy.An additional 2,000 tons of Eurobob E10 gaso...Reuters
Mon, Dec 1
CORRECTED-Turkey's Erdogan says attacks on Black Sea commercial ships unacceptable
ANKARA, Dec 1 (Reuters) - Turkish President Tayyip Erdogan said on Monday that attacks on commercial ships in the Black Sea were unacceptable, issuing a warning to "all related sides" after an unmanned vessel reportedly struck a tanker off Turkey's northern coast.“The war between Russia ...Reuters
Mon, Dec 1
Shopify down for thousands of users on Cyber Monday
Dec 1 (Reuters) - Thousands of Shopify SHOP.TO, SHOP.O users encountered issues related to logging in on the online shopping platform, impacting customers and several small businesses on Cyber Monday.The platform is investigating an issue that peaked around 11 AM, with users reporting problems, as r...Reuters
Mon, Dec 1
