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Schumer wants probe of National Weather Service response in Texas
Schumer requests probe into NWS staffing and flood responseNWS defends its forecasting amid criticism from Texas officialsTrump denies federal cuts affected NWS disaster responseDOGE initiative led to early retirements at NWSNWS San Antonio office faced staffing vacancies during floodBy Courtney Ro...Reuters
Mon, Jul 7
CBOT wheat ends lower as US harvesting advances
CHICAGO, July 7 (Reuters) - Chicago Board of Trade wheat futures declined on Monday as harvesting advanced in the Northern Hemisphere, bringing in fresh supplies, analysts said.A weekly U.S. Department of Agriculture report due on Monday is expected to show the U.S. winter wheat harvest was 49% comp...Reuters
Mon, Jul 7
ICE canola futures fall on rain
WINNIPEG, Manitoba, July 7 (Reuters) - ICE canola futures fell more than 3% on Monday, as rain hit significant parts of Western Canada, with weakness in Chicago soyoil speeding the decline. • November canola RSX5 settled down $22.90 at $696.80 per metric ton. Other new crop contracts fell similar am...Reuters
Mon, Jul 7
Oil prices up; strong demand outweighs surprisingly big OPEC+ output hike
OPEC+ to raise output by 548,000 bpd in AugustGoldman expects a final 550,000 bpd OPEC+ hike for SeptemberUS higher tariffs to take effect on August 1By Arathy Somasekhar HOUSTON, July 7 (Reuters) - Oil prices rose nearly 2% on Monday as signs of strong demand more than offset the impact of a...Reuters
Mon, Jul 7
US natgas prices hold near one-week low on rising output, lower demand forecasts
Total NYMEX gas futures volume lowest since April 2024Storage build seen bigger than usual for 11 of 12 weeksCash gas trades below front-month futures since AprilBy Scott DiSavino July 7 (Reuters) - U.S. natural gas futures held near a one-week low on Monday on an increase in output so far this m...Reuters
Mon, Jul 7
Houthis claim first ship sinking this year in Red Sea attack
Liberian-flagged bulk carrier Magic Seas attacked on SundayAttack ended half a year of calm in the Red SeaBy Jana Choukeir DUBAI, July 7 (Reuters) - Yemen’s Iran-aligned Houthis said on Monday that a cargo ship they struck with gunfire, rockets and explosive-laden remote-controlled boats had sun...Reuters
Mon, Jul 7
CBOT soybeans finish lower on beneficial US weather, trade jitters
CHICAGO, July 7 (Reuters) - Chicago Board of Trade soybean futures ended lower on Monday on forecasts for beneficial U.S. crop weather and disappointment over trade disputes, traders said.Favorable U.S. weather and expectations for a bumper harvest in Brazil have kept a lid on prices recently.Analys...Reuters
Mon, Jul 7
CBOT corn closes weaker on favorable US crop weather
CHICAGO, July 7 (Reuters) - Chicago Board of Trade corn futures fell on Monday on expectations for favorable U.S. crop weather, traders said.Weather conditions look non-threatening as crops are entering the critical pollination period of development, traders said.Rain benefited the U.S. Plains and w...Reuters
Mon, Jul 7
COLUMN-Crop Watch: Producers set initial yield expectations as ratings rise: Braun
By Karen BraunNAPERVILLE, Illinois, July 7 (Reuters) - U.S. Crop Watch corn conditions have made unprecedented strides this season, though producers’ early thoughts on yield potential are only slightly better than in recent years.Their soybean expectations are relatively much more modest because of ...Reuters
Mon, Jul 7
Mexico to open sterile fly plant to combat screwworm in 2026
MEXICO CITY, July 7 (Reuters) - Mexico's government said on Monday that it has started to build a $51 million facility in the country's south as part of an effort to combat screwworm, a pest that has disrupted Mexican exports of cattle to the United States. Mexico's agriculture ministry...Reuters
Mon, Jul 7
US Cash Grains-Corn bids steady-mixed
CHICAGO, July 7 (Reuters) - Spot basis bids for corn were steady to higher at ethanol plants and steady to lower at other kinds of processors in the U.S. Midwest on Monday as futures sagged, a spot check of locations showed.The corn basis ticked up at an ethanol plant in Union City, Indiana. The co...Reuters
Mon, Jul 7
Gold steadies as Trump tariff blitz jolts markets, Fed Minutes in focus
Gold price registers minimal losses on Monday as worries about the resumption of a possible trade war increase, following US President Donald Trump's announcement on his social media platforms of the first trade letters sent to South Korea and Japan, which establish duties on goods and products.
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Mon, Jul 7
CANADA RESEARCH ROUNDUP-Arc Resources, Strathcona Resources, Trican Well Service
July 7 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Arc Resources, Strathcona Resources and Trican Well Service on Monday.HIGHLIGHTS * Arc Resources Ltd ARX.TO: CIBC raises target price to C$36 from C$33* Strathcona Resources Ltd SC...Reuters
Mon, Jul 7
Sacked Russian transport minister found dead in his car with gunshot wound
Investigators say Starovoit likely took his own lifeStarovoit had held transport brief for barely a yearHe previously ran the Kursk region next to Ukraine His successor there was embroiled in a corruption caseUkrainian troops seized part of Kursk for months By Gleb Stolyarov and Andrew Osborn Jul...Reuters
Mon, Jul 7
Bunge charters first Argentine soy meal cargo to China
Bunge charters Argentine soymeal cargo to China, data showsFirst cargo since Beijing approved imports in 2019Seen as test case for potential long-term Argentina/China soymeal tradeShipment signifies shift for China which imports hardly any soymealBy Maximilian Heath and Ella Cao BUENOS AIRES/BEIJ...Reuters
Mon, Jul 7
Two crew injured, two missing on vessel attacked near Yemen's Hodeidah, Ambrey says
DUBAI, July 7 (Reuters) - Two crew were injured and two others missing on a Liberia-flagged bulk carrier that was attacked with skiffs and drones 49 nautical miles southwest of Yemen's Red Sea port of Hodeidah, British maritime security firm Ambrey said on Monday. Ambrey said the vessel’s...Reuters
Mon, Jul 7
REFILE-Newmont to fire at least 10% of staff at Suriname's Merian mine
By Ank KuipersPARAMARIBO, July 4 (Reuters) - Newmont, the world's largest listed gold miner, announced on Friday that it would lay off 10% to 15% of its workforce at its Merian mine in Suriname, citing production declines."Since 2021, gold production at Merian has declined 48% while operatin...Reuters
Mon, Jul 7
Ambrey says it's aware of incident southwest of Yemen's Hodeidah port
DUBAI, July 7 (Reuters) - British maritime security firm Ambrey said on Monday it was aware of an incident 49 nautical miles southwest of Yemen's Red Sea port of Hodeidah.Earlier in the day, Yemen’s Iran-aligned Houthis said that a cargo ship they struck with gunfire, rockets and explosive-laden...Reuters
Mon, Jul 7
Europe Gasoline/Naphtha-Gasoline profit margins fall
LONDON, July 7 (Reuters) - Northwest European gasoline profit margins fell on Monday by $1.08 to $13.83 a barrel. A total of 16,000 metric tons of Eurobob E5 barges traded, as BP and Trafigura sold to Gunvor, Aramco and TotalEnergies.An additional 11,000 tons on Eurobob E10 barges also traded, with ...Reuters
Mon, Jul 7
