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LIVESTOCK-CME cattle futures recover, though declining demand weighs
CHICAGO, June 26 (Reuters) - Chicago Mercantile Exchange cattle futures ended higher on Thursday after the U.S. Department of Agriculture reported lower red meat inventories, though concerns over waning demand from U.S. consumers and retailers limited gains, traders said.Reuters
Fri, Jun 27
Oil market reflects slim chance of supply disruption, Goldman analysts say
June 26 (Reuters) - Options markets suggest the probability of a disruption of oil flows through the Strait of Hormuz is just 4% following the Iran-Israel ceasefire, Goldman Sachs analysts said in a note on Thursday.Fears that Iran could close the Strait of Hormuz after U.S. strikes on its nuclear f...Reuters
Fri, Jun 27
Goldman Sachs' scenario analysis sees Brent at $90/barrel if Strait of Hormuz trade interrupted
June 26 (Reuters) - Goldman Sachs' scenario analysis suggests Brent LCOc1 at $90 per barrel by year-end in case of an interruption of trade through the Strait of Hormuz, the bank said in a note on Thursday.Reuters
Thu, Jun 26
US Cash Grains-Soybean basis bids steady to higher at river terminals
CHICAGO, June 26 (Reuters) - Spot basis bids for soybeans were flat to up at river terminals in the U.S. Midwest on Thursday, as futures ticked down. The soybean basis gained strength at river terminals in Davenport, Iowa, and Morris, Illinois, as well as an elevator in Council Bluffs. The corn basi...Reuters
Thu, Jun 26
CIF/FOB Gulf Grain-Corn barge basis steady-higher after futures post fresh lows
CHICAGO, June 26 (Reuters) - Basis bids for corn shipped by barge to the U.S. Gulf Coast for export were steady to higher on Thursday as a futures price plunge this week halted farmer sales and deprived exporters of fresh supplies, traders said.Solid demand for corn from both export and domestic mar...Reuters
Thu, Jun 26
Congo drops demand for immediate Rwandan troop pullout, sources say
Peace deal expected to be signed in Washington on FridaySources say agreement aims to secure Rwanda's gradual withdrawalUS seeks end to conflict, access to critical mineralsBy Sonia Rolley June 26 (Reuters) - Congolese negotiators have dropped a demand that Rwandan troops immediately leave ea...Reuters
Thu, Jun 26
EXCLUSIVE-Satellite Chemical, Vinmar get US govt letters preventing ethane unloading in China
By Arathy Somasekhar HOUSTON, June 26 (Reuters) - Ethane traders Satellite Chemical USA and Vinmar International have received U.S. government letters allowing them to load ethane on vessels destined for China but prohibiting unloading ethane in China without authorization, sources familiar with ...Reuters
Thu, Jun 26
Canfor to close two South Carolina sawmills, cut 290 jobs amid weak market
June 26 (Reuters) - Forestry company Canfor CFP.TO said on Thursday it will permanently close its Estill and Darlington sawmills in South Carolina by August 2025, cutting about 290 jobs.The closures will also reduce its U.S. lumber production by 350 million board feet annually.Canfor, one of Canada&...Reuters
Thu, Jun 26
BREAKINGVIEWS-Why green investors keep getting carried away
By Edward Chancellor LONDON, June 26 (Reuters Breakingviews) - To paraphrase Mark Twain, speculative bubbles don’t repeat themselves, but they often rhyme. The green technology boom that has imploded over the past three years is remarkably similar to the alternative energy bubble that inflated pr...Reuters
Thu, Jun 26
CBOT wheat sinks on global harvest pressure
CHICAGO, June 26 (Reuters) - Chicago Board of Trade wheat fell for a fourth day on Thursday as an advancing U.S. harvest and rising expectations for Russian production kept the focus on ample global supply.CBOT September soft red winter wheat WU25 settled down 7-3/4 cents to $5.36-3/4 per bushel. K....Reuters
Thu, Jun 26
US Cash Crude-Midland, Mars trade at premium after roll period
June 26 (Reuters) - Cash prices for WTI Midland WTC-WTM and Mars Sour WTC-MRS on Thursday switched to trade at a premium from a discount to U.S. crude futures as dealers began to trade against the August contract. Both grades strengthened despite the U.S. crude's discount to the international be...Reuters
Thu, Jun 26
US Plains HRW Wheat-Basis bids steady with quiet trade
CHICAGO, June 26 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were flat at elevators and mills in a spot check of the southern U.S. Plains on Thursday. Dealers said farmer selling was limited. Chicago Board of Trade September K.C. HRW wheat KWU25 futures settled 5-1/2 cents lower at $...Reuters
Thu, Jun 26
GRAINS-Chicago corn, soy linger at multi-month lows as weather weighs
Corn, soy hit lows on ideal growing conditionsWheat eases on harvest pressuresBy Heather Schlitz CHICAGO, June 26 (Reuters) - Chicago Board of Trade corn and soybean futures hovered around multi-month lows on Thursday, with corn again notching life-of-contract lows, as favourable U.S. weather and...Reuters
Thu, Jun 26
CBOT soybeans ease on strong supply, good weather
CHICAGO, June 26 (Reuters) - Chicago Board of Trade soybean futures fell on Thursday as ample supply and warm, rainy weather in the U.S. Midwest pressured prices.CBOT August soybeans SX25 ended 1-3/4 cents lower at $10.27-3/4 a bushel. CBOT August soyoil BOQ25 ended 0.62 cent higher at 51.94 cents ...Reuters
Thu, Jun 26
Canada approves law to fast-track resource projects, faces Indigenous opposition
Indigenous groups worry they will not be adequately consultedCarney says legislation needed to spur economy, counter US tariffs Opponents promise legal challenges, protestsBy Anna Mehler Paperny and Wa Lone TORONTO, June 26 (Reuters) - Canada's Senate passed a bill to fast-track approval for ...Reuters
Thu, Jun 26
Texas firm aims to build world's largest data energy complex with nuclear, gas, solar
Fermi plans to launch 'Hypergrid' project on July 4Aims to supply up to 11 GW, starting with 1 GW online late 2026 No completion date set, delays costs, often plague nuclear US nuclear regulator says it is reviewing applicationsBy Timothy Gardner WASHINGTON, June 26 (Reuters) - Fermi Amer...Reuters
Thu, Jun 26
CBOT corn sinks to further lows on ideal weather
CHICAGO, June 26 (Reuters) - Chicago Board of Trade front and back-month corn futures sank to lifetime lows for the second session in a row on Thursday as favorable U.S. weather and expectations of record Brazilian crops maintained supply pressure.CBOT September corn CU25 settled 1 cent lower to $4....Reuters
Thu, Jun 26
Canadian Senate approves law to fast track major resource projects
OTTAWA, June 26 (Reuters) - The Canadian Senate on Thursday formally approved a draft law that would fast track major resource and infrastructure projects such as crude oil pipelines and mines.Prime Minister Mark Carney says the legislation is needed to help Canada reduce its reliance on the United ...Reuters
Thu, Jun 26
ICE canola futures see light trade ahead of StatsCan report
WINNIPEG, Manitoba, June 26 (Reuters) - ICE canola futures moved little on Thursday as traders awaited the results of a seeded acreage survey on Friday.• July canola RSN5 settled down 60 cents at $697.20 per metric ton on extremely light volume. November RSX5 fell $3.00 to $711.50, with relatively l...Reuters
Thu, Jun 26
