News
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CANADA-CRUDE-Discount on Western Canada Select widens
July 3 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 widened on Thursday.WCS for August delivery in Hardisty, Alberta, settled at $10.30 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $10.0...Reuters
Thu, Jul 3
Boeing Secures $2.8B Contract to Enhance US Strategic SATCOM Capabilities
July 3 (Reuters) - Boeing Co BA.N:BOEING SECURES $2.8B CONTRACT TO ENHANCE U.S. STRATEGIC SATCOM CAPABILITIESBOEING -SET TO DELIVER THE FIRST OF TWO SPACE VEHICLES BY 2031BOEING - INITIAL CONTRACT FOR TWO SATELLITES, WITH OPTIONS FOR TWO MORE IN FUTUREReuters
Thu, Jul 3
US imposes fresh sanctions targeting Iran oil trade, Hezbollah
Sanctions come ahead of US/Iran talks expected next weekMeasures target network US says disguised Iranian oil as Iraqi oilHezbollah-controlled financial institution targetedReuters reported in December on fuel oil smuggling networkVS Tankers denies Treasury's claimsBy Timothy Gardner and Brendan...Reuters
Thu, Jul 3
Mexico's water deficit persists even after torrential summer rains
By Brendan O'BoyleMEXICO CITY, July 3 (Reuters) - Ample rains across Mexico in recent weeks have helped replenish the country's parched reservoirs, but much of the drought-plagued country's water supply remains in a deficit, according to data from national water agency CONAGUA. June was ...Reuters
Thu, Jul 3
US Plains HRW Wheat-Basis bids steady to higher as contracts roll
CHICAGO, July 3 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady to higher in the U.S. Plains states on Thursday as dealers rolled to the September contract. Wheat futures fell as abundant global supplies hung over the wheat market, with the U.S. winter wheat crop progressing ...Reuters
Thu, Jul 3
Eyeing Arctic dominance, Trump bill earmarks $8.6 billion for US Coast Guard icebreakers
Coast Guard seeks to add as many as nine polar icebreakers for Arctic useArctic seas are increasingly being considered for trade routesTrump has pushed for shipbuilding revival, dozens of icebreakers By Lisa Baertlein LOS ANGELES, July 3 (Reuters) - President Donald Trump's massive tax and sp...Reuters
Thu, Jul 3
ICE canola futures slip back after big day-before gains
WINNIPEG, Manitoba, July 3 (Reuters) - ICE canola futures fell on Thurs; Editing by Sandra Malerday, giving back some of the gains from Wednesday, as the mood darkened in both biofuel and fossil fuel markets.• November canola RSX5 settled down $15 at $719.50 per metric ton. January RSF6 fell $14.80 ...Reuters
Thu, Jul 3
CIF/FOB Gulf Grain-Corn barge bids steady to higher; soy bids firm
CHICAGO, July 3 (Reuters) - Basis bids for corn and soybeans shipped by barge to the U.S. Gulf Coast for export were steady to higher on Thursday, as U.S. grain and oilseed futures firmed ahead of the long U.S. Independence Day holiday weekend, traders said. A mix of showers and warm, mild weather i...Reuters
Thu, Jul 3
Oil prices ease on US tariff uncertainty ahead of expected OPEC+ output boost
Pause on US tariffs set to end on July 9 OPEC+ expected to raise output by 411,000 bpd US crude inventories rise unexpectedlyBy Nicole Jao NEW YORK, July 3 (Reuters) - Oil prices fell slightly on Thursday as investors worried that U.S. tariffs could slow energy demand ahead of an expected supply ...Reuters
Thu, Jul 3
LIVESTOCK-CME lean hogs drop as pork prices decline, cattle higher
By Karl Plume CHICAGO, July 3 (Reuters) - Chicago Mercantile Exchange lean hog futures fell on Thursday on lower cash market prices, while cattle futures posted modest gains despite lower beef values as tight supplies continue to underpin the market, analysts said.Trading volumes were lighter tha...Reuters
Thu, Jul 3
GRAINS-Corn, soy rise ahead of holiday weekend as traders monitor US weather
Corn, soybeans rise on positioning ahead of holiday weekendTraders cautious ahead of Trump Iowa speech on ThursdayWheat eases after recent gains, big U.S. and Europe cropsBy Karl Plume CHICAGO, July 3 (Reuters) - U.S. corn and soybean futures firmed on Thursday on short covering and positioning a...Reuters
Thu, Jul 3
Eyeing Arctic dominance, Trump bill earmarks $8.6 billion for US Coast Guard icebreakers
Trump tax bill would fund purchase of up to eight medium and heavy ice breakersCoast Guard seeks to add as many as nine polar icebreakers for Arctic useArctic seas are increasingly being considered for trade routesTrump has pushed for shipbuilding revival, dozens of icebreakers By Lisa Baertlein ...Reuters
Thu, Jul 3
US natgas prices retreat on uptick in storage build, profit-taking
EIA reported a 55 bcf storage injection vs. 53 bcf forecastStorage builds slightly bigger than expected for 11th weekLNG feedgas demand edged up to 15.4 bcfd in July as plants return from maintenanceGolden Pass LNG seeks re-export approval as it nears startupBy Sherin Elizabeth Varghese July 3 (R...Reuters
Thu, Jul 3
CBOT wheat ends lower on profit taking, harvest pressure
CHICAGO, July 3 (Reuters) - Chicago Board of Trade soft red winter wheat futures retreated on Thursday after two sessions of strong gains on profit-taking and positioning ahead of the long U.S. Independence Day holiday weekend and as the winter crop harvest progressed, traders said.Markets will be c...Reuters
Thu, Jul 3
CBOT soybeans end firm on pre-holiday position squaring
CHICAGO, July 3 (Reuters) - Chicago Board of Trade soybean futures climbed to a two-week high on Thursday on short covering and positioning ahead of the long U.S. Independence Day holiday weekend but pared gains late in the session on good U.S. weather and ample global supplies, traders said.Markets...Reuters
Thu, Jul 3
CBOT corn ends firm on short covering, pre-holiday positioning
CHICAGO, July 3 (Reuters) - Chicago Board of Trade corn firmed on Thursday on short covering and positioning ahead of the long U.S. Independence Day holiday weekend, but closed well below session highs as the market hit technical resistance and selling tied to favorable U.S. crop weather, traders sa...Reuters
Thu, Jul 3
Gold Reserve's $7.38 billion bid recommended as winner of Citgo auction
Gold Reserve's bid covers 11 creditors, does not include a pact to pay bondholdersFive offers received in 'topping' period, some did not qualifyUS Treasury must approve auction winnerBy Shubham Kalia and Marianna Parraga July 3 (Reuters) - A $7.38 billion bid by a unit of Toronto-list...Reuters
Thu, Jul 3
Gold drops on stellar US NFP report, dims July Fed rate cut hopes
Gold price fell 0.80% on Thursday as a strong US Nonfarm Payrolls report strengthened the US Dollar, leading market participants to believe it unlikely that the Fed could cut rates at the July meeting. At the time of writing, the XAU/USD trades at $3,332, having reached a daily high of $3,365.
Fxstreet
Thu, Jul 3
