News
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Bayer unveils new soy seed for Brazil's farmers
By Ana ManoSAO PAULO, Nov 26 (Reuters) - German conglomerate Bayer BAYGn.DE on Wednesday said it will sell a new soybean product called Intacta 5+ for farmers in Brazil, the world's largest exporter and producer of the oilseed, as it seeks to perpetuate the use of genetically engineered seeds in...Reuters
Wed, Nov 26
US drillers cut oil rigs to lowest in four years, Baker Hughes says
Oil rigs fall to lowest since September 2021Gas rigs rise to highest since July 2023Past rig count declines linked to lower oil and gas prices, focus on shareholder returnsEIA projects rise in crude and gas output in 2025 NEW YORK, Nov 26 (Reuters) - U.S. energy firms this week cut the number...Reuters
Wed, Nov 26
China battery maker CATL to train Spanish workers for battery plant
4,000 local jobs to be created from plant, exec saysTechnology transfer 'fundamental', says Spain industry ministerSpain's cheap energy and labour draw battery and EV investmentsLocal unions, auto industry welcome Chinese know-howBy Victoria Waldersee FIGUERUELAS, Spain, Nov 26 (Reute...Reuters
Wed, Nov 26
China bars Brazil soy cargo on contamination grounds, Folha reports
SAO PAULO, Nov 26 (Reuters) - China has barred 69,000 metric tons of Brazilian soybeans after finding wheat with pesticides mixed in one cargo, newspaper Folha de S.Paulo reported on Wednesday.According to Folha, exports from two Cargill plants as well as others controlled by Louis Dreyfus, CHS Agro...Reuters
Wed, Nov 26
US Plains HRW Wheat-Basis bids flat in slow trade
CHICAGO, Nov 26 (Reuters) - Basis bids for hard red winter wheat were steady in the U.S. Plains on Wednesday as trade slowed ahead of Thursday's Thanksgiving holiday, dealers said.Markets will be closed on Thursday.A sharp fall in exports from Ukraine due to a rain-delayed harvest and Russian st...Reuters
Wed, Nov 26
GRAINS-Chicago grains firm as traders gauge China purchases
By Renee Hickman CHICAGO, Nov 26 (Reuters) - Chicago soybean futures ticked up on Wednesday as traders eyed Chinese purchases of U.S. beans under a bilateral trade truce and adjusted positions before the U.S. Thanksgiving holiday, analysts said. The oilseed market remained underpinned by in...Reuters
Wed, Nov 26
CORRECTED-US drillers cut oil and gas rigs for first time in four weeks, Baker Hughes says
NEW YORK, Nov 26 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in four weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Wednesday.Reuters
Wed, Nov 26
Bank of England security guards call off strike after pay deal
LONDON, Nov 26 (Reuters) - Planned strike action by security guards at the Bank of England this week has been called off after workers accepted an improved pay offer, their union Unite said on Wednesday.The 40 staff employed by Amulet Security had been due to walk out from November 24-28 over pay. B...Reuters
Wed, Nov 26
Ontario Greenlights Pickering Nuclear Generating Station Refurbishment
Nov 26 (Reuters) - Ontario Ministry of Energy and Mines:SAYS ONTARIO GOVERNMENT HAS APPROVED ONTARIO POWER GENERATION’S (OPG) PLAN TO REFURBISH FOUR CANDU NUCLEAR REACTORS AT THE PICKERING NUCLEAR GENERATING STATIONSAYS THE REFURBISHMENT WILL EXTEND THE FACILITY’S OPERATIONS TO DELIVER AFFORDABLE, R...Reuters
Wed, Nov 26
Democratic-led states sue over Trump's food aid cuts for immigrants
Democratic-led states sue over SNAP eligibility changesUSDA guidance challenged for misinterpreting SNAP eligibility for non-citizensStates argue refugees, those granted asylum are eligible for SNAP upon immigration status changeBy Nate Raymond Nov 26 (Reuters) - A group of Democratic-led states ...Reuters
Wed, Nov 26
Europe Gasoline/Naphtha-Gasoline cracks gain
LONDON, Nov 24 (Reuters) - Northwest European gasoline profit margins rose by $2.02 on Wednesday to about $16.36 a barrel despite a rise in stockpiles. A total of 4,000 metric tons of Eurobob E5 gasoline barges traded as Exxon sold to Vitol.An additional 6,000 tons of Eurobob E10 gasoline barges tra...Reuters
Wed, Nov 26
EU wheat holds near low as firm euro keeps focus on export tussle
PARIS/HAMBURG, Nov 26 (Reuters) - Benchmark wheat prices on Euronext held on Wednesday around a contract low as a further rise in the euro kept the focus on export competition amid abundant global supply.Chart support on Euronext and a strength in Chicago grains, as investors covered positions befor...Reuters
Wed, Nov 26
METALS-Copper breaks above $11,000 on increased likelihood of US rate cut
By Polina Devitt LONDON, Nov 26 (Reuters) - Copper prices rose to their highest in almost a month on Wednesday on growing expectations that the U.S. Federal Reserve will cut interest rates in December and that prices will rise further after outflows to U.S. stocks.Benchmark three-month copper CMC...Reuters
Wed, Nov 26
Proposed Teck-Anglo merger is subject to national security review, Canada says
By David Ljunggren and Divya Rajagopal OTTAWA, Nov 26 (Reuters) - Canada will submit the proposed merger of Anglo American AAL.L and Teck Resources TECKb.TO to a national security review, Industry Minister Melanie Joly said on Wednesday.Joly also said Ottawa would come to a final decision in the ...Reuters
Wed, Nov 26
ISS Recommends Anglo American Shareholders To Vote For Approval of Change Of Co Name To Anglo Teck PLC
Nov 26 (Reuters) - ISS:PROXY ADVISOR ISS RECOMMENDS ANGLO AMERICAN SHAREHOLDERS TO VOTE 'FOR' MANAGEMENT PROPOSAL TO APPROVE CHANGE OF CO NAME TO ANGLO TECK PLCPROXY ADVISOR ISS RECOMMENDS ANGLO AMERICAN SHAREHOLDERS TO VOTE 'AGAINST' MANAGEMENT PROPOSAL TO AMEND LONG-TERM INCENT...Reuters
Wed, Nov 26
Goldman Sachs Sees Downside Risks to Crude and Refined Product Prices From Potential Russia-Ukraine Peace Deal
Nov 26 (Reuters) - GOLDMAN SACHS:ESTIMATE DOWNSIDE RISKS TO CRUDE PRICES, AND ESPECIALLY REFINED OIL PRODUCT PRICES, IF SANCTIONS ON RUSSIA'S OIL SECTOR WERE TO BE LIFTEDSAYS ITS BASE CASE STILL ASSUMES A STATUS QUO FOR SANCTIONS ON RUSSIAN OIL, AN EXTENSION OF THE RECENT DOWNWARD TREND IN RUSSI...Reuters
Wed, Nov 26
Brazil forecasts record chicken output despite bird flu outbreak
By Ana Mano SAO PAULO, Nov 26 (Reuters) - Brazil's chicken meat production will reach a record-high 15.86 million metric tons in 2026, Brazilian crop agency Conab forecast on Wednesday, a year after its bird flu outbreak.Conab estimates Brazilian chicken meat output this year at 15.5 million ...Reuters
Wed, Nov 26
US Cash Grains-Corn basis mixed, soy lower in sluggish trade
CHICAGO, Nov 26 (Reuters) - Basis bids for corn were mixed and soy bids were steady to lower in the U.S. Midwest on Wednesday in slow trade ahead of Thursday's Thanksgiving holiday.Movement has been slow and processing margins weaker.Markets will be closed on Thursday.The oilseed market remained...Reuters
Wed, Nov 26
