News
Important Only
Putin urges Iran to take 'zero enrichment' nuclear deal with US, Axios reports
July 12 (Reuters) - Russian President Vladimir Putin has told U.S. President Donald Trump and Iranian officials that he supports the idea of a nuclear deal in which Iran is unable to enrich uranium, Axios reported on Saturday, citing sources.Reuters
Sat, Jul 12
Trump visits Texas flood zone, defends government's disaster response
Visit comes as government response faces scrutinyTexas flooding is deadliest disaster of second Trump termDozens of people still unaccounted forBy Trevor Hunnicutt and Maria Alejandra Cardona KERRVILLE, Texas, July 11 (Reuters) - President Donald Trump defended the state and federal response to d...Reuters
Fri, Jul 11
US customs duties top $100 billion for first time in a fiscal year
US Treasury reports small budget surplus for JuneGross customs duties reach $27 billion in JuneBessent says US 'reaping the rewards' of Trump's tariff agendaTreasury chief says US tariff revenue could reach $300 billion in 2025 By David Lawder WASHINGTON, July 11 (Reuters) - U.S. cust...Reuters
Fri, Jul 11
CIF/FOB Gulf Grain-Soy, corn barge bids firm as freight costs rise
CHICAGO, July 11 (Reuters) - Basis bids for soybeans and corn delivered by barge to U.S. Gulf Coast terminals rose on Friday, lifted by a slow pace of farmer grain sales this week and rising costs for barge freight, traders said.CIF soybean barges loaded in July were bid at 89 cents over CBOT August...Reuters
Fri, Jul 11
US Cash Grains-Corn and soybean bids mostly flat as futures stumble
CHICAGO, July 11 (Reuters) - Spot basis bids for corn and soybeans were mostly steady in the U.S. Midwest on Friday as futures dipped on favorable weather raising expectations for a large autumn harvest. The soybean basis fell at a river terminal in Morris, Illinois. The basis was unchanged at all o...Reuters
Fri, Jul 11
US Plains HRW Wheat-Basis steady as futures dip
CHICAGO, July 11 (Reuters) - Spot basis bids for hard red winter wheat were steady in a spot check of locations on the U.S. Plains on Friday as futures fell. The U.S. Department of Agriculture, in a monthly crop report, estimated the nation's total wheat production at 1.929 billion bushels, up f...Reuters
Fri, Jul 11
UK man pleads not guilty in New York to $99 million wine fraud
By Jonathan Stempel NEW YORK, July 11 (Reuters) - A British man pleaded not guilty on Friday in New York to charges he helped mastermind a nearly $100 million fraud whose victims invested in loans meant for wealthy wine collectors -- except that neither the collectors nor their wine existed.James...Reuters
Fri, Jul 11
Marathon Galveston Bay Refinery in Texas to restart Ultracracker over weekend, sources say
By Erwin SebaHOUSTON, July 11 (Reuters) - Marathon Petroleum MPC.N plans to restart a diesel-producing Ultracracker over the weekend at its 631,000 barrel-per-day Galveston Bay Refinery in Texas City, Texas over the weekend, people familiar with plant operations said on Friday.The 60,000-bpd Ultracr...Reuters
Fri, Jul 11
LIVESTOCK-CME live cattle touch contract highs, feeder cattle climb
By Tom Polansek CHICAGO, July 11 (Reuters) - Chicago Mercantile Exchange live cattle futures touched contract highs on Friday on sizzling cash prices, while feeder cattle extended steep gains, traders said.Futures surged this week as consumer demand for beef has remained solid while tight U.S. ca...Reuters
Fri, Jul 11
Marathon Galveston Bay Refinery in Texas to restart Ultracracker over weekend, sources say
HOUSTON, July 11 (Reuters) - Marathon Petroleum MPC.N plans to restart a diesel-producing Ultracracker over the weekend at its 631,000 barrel-per-day Galveston Bay Refinery in Texas City, Texas over the weekend, people familiar with plant operations said on Friday.The 60,000-bpd Ultracracker was shu...Reuters
Fri, Jul 11
CANADA-CRUDE-Discount on Western Canada Select widens
July 11 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 widened on Friday.WCS for August delivery in Hardisty, Alberta, settled at $10.20 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $10 a ...Reuters
Fri, Jul 11
US Cash Crude-Grades mixed as rig count falls, refinery demand grows
July 11 (Reuters) - Grades were mixed on Friday, dealers said, with future supply expected to fall on a lower rig count, while refinery demand is set to grow. U.S. energy firms this week cut the number of oil and natural gas rigs operating for an 11th week in a row for the first time since July 2020...Reuters
Fri, Jul 11
Chevron says offshore well start-up caused Mars crude quality issues
Mars challenges add to tightening gulf coast oil supplyExxon to borrow crude from US emergency stashChevron sees no impact to current production guidanceBy Arathy Somasekhar HOUSTON, July 11 (Reuters) - The start-up of an offshore well caused zinc contamination in Mars crude, Chevron CVX.N said o...Reuters
Fri, Jul 11
ICE canola hits one-month low as Canadian crop weather improves
July 11 (Reuters) - ICE canola futures closed lower on Friday as pressure from improving weather in the Canadian Prairies and fund-driven selling overshadowed a round of bargain-buying after the market fell to one-month lows.Some forecasts called for less heat and beneficial rains in the Prairies ea...Reuters
Fri, Jul 11
One California worker dead, hundreds arrested, after cannabis farm raid
By Leah Douglas WASHINGTON, July 11 (Reuters) - A California farmworker died on Friday from injuries sustained a day earlier when U.S. immigration agents raided a cannabis operation and arrested hundreds of workers, according to a farmworker advocacy group.Dozens of migrant-rights activists f...Reuters
Fri, Jul 11
EXCLUSIVE-MMG, Hudbay warn Peru copper output at risk amid wildcat protests, sources say
Protests by informal miners block key transit route MMG and Hudbay copper mines face potential production impact Peru's government maintains deadline to end informal mining programPeru's central bank expects July GDP to dip 0.2% due to roadblocksBy Marco Aquino LIMA, July 11 (Reuters)...Reuters
Fri, Jul 11
Which countries restrict Brazilian chicken imports over bird flu?
July 11 (Reuters) - An outbreak of bird flu in Brazil, the world's largest chicken exporter, has prompted countries to implement trade restrictions in an effort to prevent the spread of the virus after Brazil confirmed its first case on a commercial farm in May.Brazil declared itself free of the...Reuters
Fri, Jul 11
GRAINS-Corn sets contract lows on expectations for big US crop
Traders focus on favorable US crop weatherUSDA report keeps corn, soy yield estimates steadyUS soy carryout tops average estimate for 2025-26By Tom Polansek CHICAGO, July 11 (Reuters) - Chicago Board of Trade corn futures set contract lows and soybean futures sagged on Friday on expectations that...Reuters
Fri, Jul 11
