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US Treasury's Bessent says he was wrong when he said tariffs could be inflationary
Bessent says Trump's tariffs are not causing inflationAs hedge fund manager, he had called tariffs inflationaryBessent has testy exchanges with Democrats at hearing By David Lawder and Andrea Shalal WASHINGTON, Feb 4 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said he was w...Reuters
Wed, Feb 4
US and Iran agree to Friday talks in Oman but still at odds over agenda
Tensions have escalated since Iran's crackdown on protests Iran requested talks be moved to Oman to limit scopeIran wants talks to focus only on its nuclear programmeRubio says talks should include missile programme, other issuesBy Simon Lewis, Humeyra Pamuk and Parisa Hafezi WASHINGTON/DUBAI...Reuters
Wed, Feb 4
US judge sets Friday hearing on suit to restore New York tunnel funding
States claim USDOT funding halt is political retaliationHearing set for Friday by Judge Jeanette VargasExisting tunnel failure could impact 200,000 daily commutersBy David Shepardson WASHINGTON, Feb 4 (Reuters) - A U.S. judge will hold a hearing on Friday on the emergency request by New York and ...Reuters
Wed, Feb 4
US nuclear power regulator plans changes in line with Trump's goals on reactors
Plan in line with Trump goal to quadruple US nuclear powerCritics say reorganization risks rushing licensesBy Timothy Gardner WASHINGTON, Feb 4 (Reuters) - The U.S. nuclear power regulator said on Wednesday it is undergoing a reorganization in line with President Donald Trump's goals on speed...Reuters
Wed, Feb 4
US natural gas futures jump 5% on LNG export boost
Gas futures rise despite warmer weather forecastsVolatility in gas futures hits record high, boosting trading volumeU.S. LNG exports increase after Arctic freeze in JanuaryBy Scott DiSavinoNEW YORK, Feb 4 (Reuters) - U.S. natural gas futures jumped about 5% on Wednesday on increases in gas flows to ...Reuters
Wed, Feb 4
Oil prices climb 3% as market awaits US-Iran talks
U.S. crude stocks fall, but less than expected, limiting oil price gainsU.S. rejects Iran's request to change location of talks, report saysOil prices fluctuate due to U.S.-Iran tensions and Hormuz disruption fearsBy Nicole Jao NEW YORK, Feb 4 (Reuters) - Oil prices surged about 3% on Wednesd...Reuters
Wed, Feb 4
Republican senator opposes planned ICE detention center in Mississippi
By Jasper Ward WASHINGTON, Feb 4 (Reuters) - Republican U.S. Senator Roger Wicker on Wednesday told Homeland Security Secretary Kristi Noem he opposed plans to open an Immigration and Customs Enforcement (ICE) detention facility in Mississippi.The Trump administration is in the final stages of a...Reuters
Wed, Feb 4
LIVESTOCK-Cattle futures continue rally on bullish fundamentals
By Heather Schlitz CHICAGO, Feb 4 (Reuters) - CME live and feeder cattle futures rose for the third day in a row on Wednesday, on continued support from a tight cattle supply and the ongoing closure of the southern border to Mexican cattle imports, traders said.CME April live cattle LCJ26 finishe...Reuters
Wed, Feb 4
US judge sets Friday hearing on suit to restore New York tunnel funding
WASHINGTON, Feb 4 (Reuters) - A U.S. judge will hold a hearing on Friday on the emergency request of New York and New Jersey to force the restoration of funding for the massive $16 billion Hudson River tunnel before construction is set to halt on Friday.The states, which filed suit late on Tuesday, ...Reuters
Wed, Feb 4
Latin America's oil leaders to outcompete Venezuela through 2030, Rystad says
MEXICO CITY, Feb 4 (Reuters) - Argentina, Guyana and Brazil will lead Latin American oil production growth in 2026, adding more than 700,000 barrels per day and outcompeting Venezuela through at least 2030, according to Rystad Energy analysis.KEY CONTEXT• Latin America's oil production is foreca...Reuters
Wed, Feb 4
US Cash Grains-Corn basis rises at river terminals, ethanol plants
CHICAGO, Feb 4 (Reuters) - Basis bids for corn were steady to higher at river terminals and ethanol plants and steady to lower at other kinds of processors at locations in the U.S. Midwest on Wednesday as futures firmed slightly. The corn basis fell at processors in Decatur, Illinois, and Cedar Rapi...Reuters
Wed, Feb 4
CBOT wheat eases on ample supply, improving Black Sea forecast
CHICAGO, Feb 4 (Reuters) - Chicago Board of Trade wheat futures ticked lower on Wednesday on an ample global supply of the grain and an improving forecast for the wheat crop in the Black Sea. Ample global supply continued to cap grain prices as traders started to look ahead to world crop forecasts f...Reuters
Wed, Feb 4
GRAINS-Chicago soybeans jump to two-month high on Trump comments
By Heather Schlitz CHICAGO, Feb 4 (Reuters) - Chicago Board of Trade soybean futures hit a two-month high on Wednesday following comments by U.S. President Donald Trump about China buying more U.S. soybeans, traders said.In a post on his Truth Social platform, Trump said China is "lifting the...Reuters
Wed, Feb 4
CBOT soybeans surge on Trump comments
CHICAGO, Feb 4 (Reuters) - Chicago Board of Trade soybean futures hit a two-month high on Wednesday following comments by U.S. President Donald Trump about China buying more U.S. soybeans, traders said.In a post on his Truth Social platform, Trump said China is "lifting the Soybean count to 20 M...Reuters
Wed, Feb 4
Senators seek US Export-Import Bank reauthorization to support push for critical minerals
Feb 4 (Reuters) - U.S. Senators Kevin Cramer and Mark Warner have introduced legislation to reauthorize the U.S. Export-Import Bank for the next decade, Cramer said in a statement on Wednesday, as the U.S. speeds up efforts to secure critical minerals.Washington has been moving to offset what policy...Reuters
Wed, Feb 4
CBOT corn choppy amid technical trading
CHICAGO, Feb 4 (Reuters) - Chicago Board of Trade corn futures spent the session see-sawing and ended little changed as the grain was buffeted by technical trading.The U.S. Treasury Department on Tuesday released updated guidance on biofuel tax credits, a move welcomed by traders as giving clarity t...Reuters
Wed, Feb 4
US Plains HRW Wheat-Basis bids steady as futures dip
CHICAGO, Feb 4 (Reuters) - Basis bids for hard red winter wheat were steady in the U.S. Southern Plains on Wednesday as futures fell. Dealers this week reported a largely quiet trade.Wetter weather forecast in the coming weeks would benefit the Southern Plains winter wheat crop, according to Commod...Reuters
Wed, Feb 4
US nuclear power regulator plans changes in line with Trump goals on reactors
WASHINGTON, Feb 4 (Reuters) - The U.S. nuclear power regulator said on Wednesday it is undergoing a reorganization in line with President Donald Trump's goals on speeding up licensing of nuclear reactors. The Nuclear Regulatory Commission said in a release it will appoint leaders for the reactor...Reuters
Wed, Feb 4
