News
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LIVESTOCK-Cattle futures higher on dwindling cattle supply
By Heather Schlitz CHICAGO, Feb 2 (Reuters) - CME live and feeder cattle futures ended higher on Monday under support from the ever-tightening cattle supply and expectations that the U.S.-Mexico border will remain closed to the import of cattle due to a mounting number of screwworm cases in north...Reuters
Mon, Feb 2
Indian refiners need wind-down period for Russian oil, sources say
Indian refiners need time to end Russian oil imports, refining sources sayShipments already booked would arrive in March, sources sayUS wants India to shift to Venezuelan oil By Nidhi Verma NEW DELHI, Feb 3 (Reuters) - Indian refiners will need a wind-down period to complete Russian oil deals bef...Reuters
Mon, Feb 2
US to cut tariffs on India to 18%, India agrees to end Russian oil purchases
Trump to remove 25% punitive tariff on India, US official saysIndia will buy oil from US and potentially VenezuelaModi says India grateful for new 18% tariff rateBy David Lawder and Aftab Ahmed WASHINGTON/NEW DELHI, Feb 2 (Reuters) - U.S. President Donald Trump on Monday announced a trade deal wi...Reuters
Mon, Feb 2
EXCLUSIVE-Ford aluminum supplier has yet to resume full output after September fire
Ford to update on Novelis fallout during Feb 10 earningsNovelis September fire disrupted Ford's aluminum supply, affecting F-Series productionAnother fire, in November, further delayed Novelis's production recoveryBy Nora Eckert DETROIT, Feb 2 (Reuters) - Production of aluminum at Ford Mo...Reuters
Mon, Feb 2
Zelenskiy says Russia largely observing energy ceasefire ahead of peace talks
Ukraine struggles to restore energy system amid bitter winter DTEK CEO says energy ceasefire important for recoveryRussian forces target transport logistics, Zelenskiy says KYIV, Feb 2 (Reuters) - Russia has largely observed a ceasefire on Ukraine's energy infrastructure, President Volodymyr ...Reuters
Mon, Feb 2
US Cash Crude- Grades fall on easing supply concerns
HOUSTON, Feb 2 (Reuters) - Crude grades fell on Monday, dealers said, on easing supply concerns as U.S. tensions with Iran de-escalated and Kazakh barrels returned to market. Grades slipped on easing supply concerns after U.S. President Donald Trump said Iran was "seriously talking" with Wa...Reuters
Mon, Feb 2
REFILE-US judge allows Orsted to resume building New York offshore wind project
WASHINGTON, Feb 2 (Reuters) - A federal judge on Monday cleared Denmark's Orsted ORSTED.CO to resume work on its Sunrise Wind project off the coast of New York, which President Donald Trump's administration halted along with four other projects in December.The ruling by U.S. District Judge R...Reuters
Mon, Feb 2
ROI-Trump's India oil diplomacy won't defy market forces: Bousso
By Ron Bousso LONDON, Feb 2 (Reuters) - President Donald Trump’s push to channel U.S. and Venezuelan crude oil into India as part of a broad trade deal will run up against the hard reality of global oil economics. The U.S. president and Indian Prime Minister Narendra Modi on Monday announced t...Reuters
Mon, Feb 2
Oil settles down over 4% on US-Iran de-escalation, easing supply worries
Prices fall from multi-month highs as U.S.-Iran tensions easeTrump says Iran 'seriously talking' with WashingtonStronger dollar, milder U.S. weather forecasts also weigh on oilBy Shariq Khan NEW YORK, Feb 2 (Reuters) - Oil prices fell more than $3 per barrel on Monday after U.S. President...Reuters
Mon, Feb 2
US natural gas futures plunge 26% after Arctic freeze as weather normalizes
Natural gas futures drop due to warmer weather and increased outputVolatility in gas futures reaches record high, boosting trading opportunitiesWaha Hub prices fall into negative territory due to pipeline constraintsBy Scott DiSavino NEW YORK, Feb 2 (Reuters) - U.S. natural gas futures plunge...Reuters
Mon, Feb 2
US court blocks Trump halt on last of five suspended offshore wind projects
By Blake Brittain and Nichola Groom Feb 2 (Reuters) - All five offshore wind projects halted by the Trump administration in December can resume construction following a federal judge's ruling on Monday that cleared Denmark's Orsted ORSTED.CO to proceed with its Sunrise Wind project off th...Reuters
Mon, Feb 2
CBOT wheat lower on broad commodities slump
CHICAGO, Feb 2 (Reuters) - Chicago Board of Trade wheat futures turned down on Monday, following a slump in broader commodity markets, analysts said. Chicago wheat futures drew background support from severe cold in the wheat belts of the U.S. and the Black Sea region, though snow cover helped prote...Reuters
Mon, Feb 2
GRAINS-Soybeans, wheat, corn end lower on broad commodities slump
By Heather Schlitz CHICAGO, Feb 2 (Reuters) - Chicago Board of Trade soybeans, wheat and corn futures fell on Monday, tracking a slump in broader commodities markets, particularly falling crude oil prices. Chicago Board of Trade most-active soybeans Sv1 settled down 4 cents to $10.60-1/4 a bushel...Reuters
Mon, Feb 2
CBOT soybeans down on falling crude oil prices
CHICAGO, Feb 2 (Reuters) - Chicago Board of Trade soybean futures ticked lower on Monday, tracking a slump in crude oil prices. A rising dollar, which makes U.S. exports less competitive, has put pressure across the board on commodities. The dollar clung to its gains on Monday as investors weighed w...Reuters
Mon, Feb 2
CBOT corn down under pressure from falling crude oil futures
CHICAGO, Feb 2 (Reuters) - Chicago Board of Trade corn fell on Monday, tracking a slump in broader commodities markets, particularly falling crude oil prices. Corn and soybeans, whose byproducts are used to produce biodiesel, often track weakness in crude oil prices.Planting of Brazil's second c...Reuters
Mon, Feb 2
US Cash Grains-Corn basis bids rise as futures fall
CHICAGO, Feb 2 (Reuters) - Spot basis bids for corn were mostly steady to higher in the U.S. Midwest on Monday as futures ticked lower under pressure from a slumping overall commodities market and a rising U.S. dollar. Extreme cold weather conditions slowed grain sales last week and falling futures ...Reuters
Mon, Feb 2
