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US Cash Grains-Soybean bids down, corn steady-higher
CHICAGO, July 2 (Reuters) - Spot basis bids for soybeans were steady to lower while corn bids were steady to higher in the U.S. Midwest on Wednesday as farmers remained reluctant to sell amid low futures prices. The soy basis ticked down at an Ohio elevator and an Indiana processor.The corn basis ti...Reuters
Wed, Jul 2
US East Coast distillate stockpiles at lowest since May 2022, EIA says
NEW YORK, July 2 (Reuters) - U.S. East Coast distillate inventories, which include diesel and heating oil, fell last week to 21.54 million barrels, the lowest since May 2022, data from the U.S. Energy Information Administration showed on Wednesday.East Coast distillate stocks fell by 1.36 million ba...Reuters
Wed, Jul 2
CORRECTED-GRAINS-Corn stuck near lows on supply pressure
US Midwest weather remains favourable for corn, soy cropsSoybeans find support in soyoil rallyWheat holds firm on short-covering before US holiday weekendBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, July 2 (Reuters) - Chicago corn eased on Wednesday to remain near contract lows as favourabl...Reuters
Wed, Jul 2
X back up after brief outage hits US users, Downdetector shows
July 2 (Reuters) - Social media platform X recovered after a brief outage affected thousands of U.S. users on Wednesday, according to outage tracking website Downdetector.com. The disruptions eased around 10:20 a.m. ET, Downdetector showed. The website tracks outages by collating status reports f...Reuters
Wed, Jul 2
Heatwave across Europe leaves 8 dead as early summer temperatures hit records
France reports two deaths in heatwave, 300 taken to hospitalItaly issues red alerts in 18 cities; two men die on beachSwiss reactor shut down due to high river-water temperaturesFour die in Spain, two of them in wildfireTurkey, after 50,000 evacuated earlier, says fires contained LONDON, July 2 (...Reuters
Wed, Jul 2
Oil and gas activity contracted slightly in second quarter 2025, Dallas Fed survey
HOUSTON, JULY 2 - Activity in the U.S. oil and gas sector in Texas, Louisiana and New Mexico contracted slightly in the second quarter of 2025, the Dallas Fed survey showed on Wednesday. Oil and gas production decreased slightly. Meanwhile, costs among oilfield service firms rose at a slightly faste...Reuters
Wed, Jul 2
EU includes international CO2 credits in climate goal for first time
EU proposes 90% emissions cut by 2040 with flexibilitiesPrevious EU climate targets have been based solely on domestic emissions reductionsPoland opposes the proposal, government saysEurope is the world's fastest-warming continentBy Kate Abnett BRUSSELS, July 2 (Reuters) - The European Commis...Reuters
Wed, Jul 2
US natgas prices gain over 2% on mid-July heat forecasts, more cooling demand
By Sherin Elizabeth Varghese July 2 (Reuters) - U.S. natural gas futures rose more than 2% on Wednesday, snapping a two-day losing streak, as hotter mid-July forecasts are expected to lift demand for air conditioning over the next two weeks, prompting power generators to burn more gas. Front-mo...Reuters
Wed, Jul 2
DNO sells four years of Norwegian gas output to Engie
By Nerijus Adomaitis and America Hernandez OSLO, July 2 (Reuters) - DNO DNO.OL has sold its entire gas production over a four-year period from the Norwegian continental shelf to French utility Engie ENGIE.PA for an undisclosed sum, the Norwegian company said on Wednesday.It said the deal had been...Reuters
Wed, Jul 2
Musk's X down for thousands of US users, Downdetector shows
July 2 (Reuters) - Elon Musk's X was down for thousands of users in the U.S. on Wednesday, according to outage tracking website Downdetector.com.There were more than 15,400 incidents of people reporting issues with the social media platform as of 9:52 a.m. ET, Downdetector showed, which tracks o...Reuters
Wed, Jul 2
EXCLUSIVE-France's Orano says its Niger uranium mine on verge of bankruptcy
SOMAIR's financial position linked to Niger's export restrictions, Orano saysFrench miner says it reserves right to legal action By Maxwell Akalaare Adombila DAKAR, July 2 (Reuters) - French uranium miner Orano said on Wednesday its majority-owned joint venture with Niger, SOMAIR, is on t...Reuters
Wed, Jul 2
CBOT Trends-Wheat and corn down 2-3 cents, soy up 7-9
CHICAGO, July 2 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday. WHEAT - Down 2 to 3 cents per bushelCBOT wheat fell on pressure from the active harvests in the U.S. and the...Reuters
Wed, Jul 2
Vitol group submits bid surpassing $10 bln for Citgo's parent, sources say
HOUSTON, July 2 (Reuters) - A bid exceeding $10 billion has been submitted by a group led by commodities house Vitol in a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, two sources with knowledge of the offer told Reuters on Wednesday.A court officer over...Reuters
Wed, Jul 2
WTI Crude Oil steadies above $64 as traders brace for OPEC+ decision
West Texas Intermediate (WTI) Crude Oil continues to trade in a narrow range on Wednesday, consolidating after a sharp selloff triggered by the Iran–Israel ceasefire, as geopolitical risk premiums unwind and traders reposition ahead of the upcoming Organization of the Petroleum Exporting Countries a
Fxstreet
Wed, Jul 2
Gold Price Forecast: XAU/USD wobbles around $3,340, awaits US labor market data
Gold price (XAU/USD) trades in a tight range around $3,340 during the European trading session on Wednesday. The yellow metal struggles for direction as investors await the United States (US) Nonfarm Payrolls (NFP) data for June, which is scheduled to be released on Thursday.Fxstreet
Wed, Jul 2
Two die in Spain wildfire, two deaths in France from European heatwave
France reports two deaths in heatwave, 300 taken to hospitalItaly issues red alerts in 18 citiesSwiss reactor shut down due to high river-water temperaturesTwo die in wildfire in Spain's Catalonia a day ago LONDON, July 2 (Reuters) - Wildfires have killed two people in Spain and two others ha...Reuters
Wed, Jul 2
FACTBOX-What's in the Republican tax and spending plan?
By Andy Sullivan WASHINGTON, July 2 (Reuters) - The Republican-controlled Congress on Wednesday could pass a sweeping budget package that would fulfill many of President Donald Trump's priorities. It has already passed the Senate and needs to be approved again by the House of Representatives ...Reuters
Wed, Jul 2
Stellantis seeking more time to meet EU's CO2 targets on utility vehicles
PARIS, July 2 (Reuters) - Automaker Stellantis STLAM.MI is seeking a five-year extension to tighter European rules on CO2 emissions for vans, said Jean-Philippe Imparato, responsible for Enlarged Europe, on Wednesday.Imparato also reiterated that Stellantis is backing proposals to create a new categ...Reuters
Wed, Jul 2
