News
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US Cash Crude-Grades mixed on final full day of volatile roll trade period
HOUSTON, Nov 25 (Reuters) - U.S. crudes were mixed on Tuesday, dealers said, on the third and final full day of the volatile roll trading period.Traders use the three-day roll period to adjust their crude slates, square up positions and net out exposures following the expiration of the U.S. crude fu...Reuters
Tue, Nov 25
Meatpacker JBS agrees to merge its leather assets with the ones from Viva
SAO PAULO, Nov 25 (Reuters) - Brazilian meatpacker JBS Z98.F said on Tuesday it had signed a binding memorandum of understanding with the shareholders of Viva to combine both firms' assets related to leather production and commercialization.In a securities filing, JBS said the new company will b...Reuters
Tue, Nov 25
US appeals court lowers bar for railroad whistleblowers after Supreme Court UBS ruling
By Daniel Wiessner Nov 25 - A U.S. appeals court on Tuesday revived a former CSX Transportation conductor's lawsuit claiming he was fired for refusing to falsify safety information, and in the process made it easier for whistleblowers to prevail in lawsuits against railroads.A unanimous three...Reuters
Tue, Nov 25
GRAINS-CBOT soybeans firm as traders hope for more Chinese buying
Wheat and corn recover amid holiday position squaringChinese soybean buys still uncertain despite trade truceUS soybean exports face competition from BrazilBy P.J. Huffstutter CHICAGO, Nov 25 (Reuters) - Chicago Board of Trade soybean futures ended higher on Tuesday in a day of range-bound tradin...Reuters
Tue, Nov 25
Trump seeks to ease US regulations for coal-fired power plants
Critics blast move as bad for public healthTrump EPA also seeks to delay coal plant cleanup deadlineEPA will take public comment on plan until January 7By Valerie VolcoviciWASHINGTON, Nov 25 (Reuters) - President Donald Trump's administration has asked a federal court to strike down 2024 soot li...Reuters
Tue, Nov 25
CBOT wheat futures recover as traders square positions ahead of US holiday
CHICAGO, Nov 25 (Reuters) - Chicago Board of Trade wheat futures ended higher on Tuesday, regaining ground after a four-session slide, market analysts said.But futures traded within a relatively narrow range as traders began squaring positions ahead of the U.S. Thanksgiving Day holiday on Thursday, ...Reuters
Tue, Nov 25
REFILE-CBOT soybeans close higher in range-bound trade amid trade hopes
CHICAGO, Nov 25 (Reuters) - Chicago Board of Trade soybean futures inched higher on Tuesday in a day of range-bound trading after comments by President Donald Trump's administration bolstered expectations of further Chinese purchases under a bilateral trade truce, market analysts said.Some trade...Reuters
Tue, Nov 25
Chicago corn futures rise on export demand, rate cut hopes
CHICAGO, Nov 25 (Reuters) - Chicago Board of Trade corn futures turned higher on Tuesday, recovering from recent losses in a flurry of short-covering and amid reports of healthy corn export demand, market analysts said. Grain markets also drew support from rising investor expectations for a U.S. int...Reuters
Tue, Nov 25
US natural gas futures fall 3% on record output despite cold forecast
Record US gas output allows for increased stockpilingColder weather expected to increase gas demand for heatingLNG export feedgas reaches new daily highEuropean gas prices drop amid Russia-Ukraine peace talksBy Scott DiSavino Nov 25 (Reuters) - U.S. natural gas futures fell about 3% to a one-week...Reuters
Tue, Nov 25
EPA to provide $3 billion to US states to reduce lead in drinking water
Nov 25 (Reuters) - The U.S. Environmental Protection Agency said on Tuesday it would provide states with $3 billion in new funding to reduce lead in drinking water.The agency said it is also making available to states an additional $1.1 billion in previously announced funding to address the lead pro...Reuters
Tue, Nov 25
SOFTS-London cocoa hits near two-year lows, arabica coffee extends gains
NEW YORK, Nov 25 (Reuters) - London cocoa futures traded on the ICE exchange fell to near two-year lows on Tuesday, as traders priced in another expected delay to Europe's anti-deforestation law and continued to bet on supply growth this season. Arabica and robusta coffee closed higher....Reuters
Tue, Nov 25
BP partially restarts Olympic Pipeline after leak identified
BP confirms leak in 20-inch segment, repairs plannedWashington and Oregon declared fuel emergency due to closureShutdown disrupted fuel supplies to Seattle-Tacoma AirportBy Nicole Jao NEW YORK, Nov 25 (Reuters) - BP BP.L said on Tuesday it had partially restarted the 400-mile Olympic Pipeline aft...Reuters
Tue, Nov 25
EPA to provide $3 billion to US states to reduce lead in drinking water
Nov 25 (Reuters) - The U.S. Environmental Protection Agency said on Tuesday it would provide states with $3 billion in funding to reduce lead in drinking water.The money will go toward finding and removing lead pipes that deliver water to homes, schools, and businesses, the agency said in a statemen...Reuters
Tue, Nov 25
Gold climbs as stalling inflation and weak spending fuel December Fed cut bets
Gold (XAU/USD) climbs over 0.14% on Tuesday after US economic data augmented speculation of a rate cut by the Federal Reserve (Fed) at the December 9-10 meeting. Also, falling US Treasury yields and a weaker US Dollar keep XAU/USD trading at $4,141 after hitting a daily low of $4,109.
Fxstreet
Tue, Nov 25
US judge approves Elliott affiliate bid for Citgo Petroleum parent
By Marianna ParragaHOUSTON, Nov 25 (Reuters) - A U.S. judge on Tuesday adopted a recommendation for the approval of a $5.9 billion bid from an affiliate of Elliott Investment Management in the court-organized auction of Citgo Petroleum's parent, clearing the way to order the sale of the seventh ...Reuters
Tue, Nov 25
PRECIOUS-Gold holds steady as US data reinforces Fed rate-cut bets
US retail sales data below expectations in SeptemberFed Governor Miran calls for further interest rate cutsTraders see 85% chance of US rate cut next monthBy Pablo Sinha Nov 25 (Reuters) - Gold prices held steady on Tuesday as softer-than-expected U.S. retail sales data reinforced traders...Reuters
Tue, Nov 25
US EPA seeks to scrap tougher soot limits, critics warn of health risks
By Valerie VolcoviciWASHINGTON, Nov 25 (Reuters) - The U.S. Environmental Protection Agency asked a federal court to strike down 2024 soot limits for power plants and factories, a move critics called a blatant retreat from one of the agency's most consequential public-health protections in years...Reuters
Tue, Nov 25
US Plains HRW Wheat-Basis bids unchanged as movement slows
CHICAGO, Nov 25 (Reuters) - Basis bids for hard red winter wheat were flat in the U.S. Plains on Tuesday as trading was sluggish ahead of Thursday's Thanksgiving holiday, when markets will be closed.Weekend rains over the U.S. Plains improved moisture levels for the winter wheat crop, though rou...Reuters
Tue, Nov 25
Good chance Trump may unveil Fed pick by Christmas, Bessent says
Bessent concludes interviews for Fed leader, five candidates remainHassett seen as frontrunner, White House calls it speculationBetting markets show Hassett in front, Waller in second WASHINGTON, Nov 25 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday he was concluding a second r...Reuters
Tue, Nov 25
GRAINS-Soybeans steady as traders hope for more Chinese buying
Wheat and corn recover amid holiday position squaringChinese soybean purchases remain uncertain despite trade truceU.S. soybean exports face competition from Brazil, analysts sayBy P.J. Huffstutter CHICAGO, Nov 25 (Reuters) - Chicago Board of Trade soybean futures inched higher on Tuesday after c...Reuters
Tue, Nov 25
