News
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US Cash Grains-Corn and soybean basis bids rise at river terminals
CHICAGO, June 26 (Reuters) - Spot basis bids for corn and soybeans were steady to higher at river terminals in a spot check of locations around the U.S. Midwest on Thursday. The soybean basis gained strength at river terminals in Seneca, Illinois, Savanna, Illinois and Davenport Iowa. More locations...Reuters
Thu, Jun 26
Oil inches up on US demand strength; fading Mideast supply risks offset gains
Brent, WTI trading below levels before Iran-Israel conflictMarket focus switching to fundamentals, analysts sayUS dollar index drops to three-year lowBy Nicole Jao NEW YORK, June 26 (Reuters) - Oil prices edged higher on Thursday as crude inventories in the United States fell on higher demand as ...Reuters
Thu, Jun 26
PRECIOUS-Gold steady as investors await US inflation data, Mideast tensions ease
US PCE data due on FridayPalladium climbs 7-month peakPlatinum hits highest level since 2014By Sarah QureshiJune 26 (Reuters) - Gold prices held steady on Thursday as investors awaited U.S. inflation data to gauge the interest rate outlook and kept an eye on the Middle East as geopolitical tensions ...Reuters
Thu, Jun 26
Gold price stalls at $3,331 despite weak Dollar, strong US data caps gains
Gold price retreats on Thursday during the North American session, failing to gain traction amid a session characterized by a weak US Dollar, which is testing levels last seen in February 2022. The XAU/USD trades at $3,331 and prints modest losses of 0.05%.
Fxstreet
Thu, Jun 26
SLB expects flat quarterly revenue, profit amid weaker activity in Saudi Arabia, Latin America
June 24 (Reuters) - Oilfield services company SLB SLB.N expects second-quarter revenue and core profit to be about the same as the previous quarter due to weaker drilling activity in Saudi Arabia and Latin America, CEO Olivier Le Peuch said on Tuesday.The CEO, speaking at the J.P. Morgan Energy,...Reuters
Thu, Jun 26
Netanyahu sees Israel peace efforts expanding after war with Iran
June 26 (Reuters) - Prime Minister Benjamin Netanyahu said on Thursday the outcome of Israel's war with Iran presented opportunities for peace that his country must not waste.In a statement, Netanyahu said: "This victory presents an opportunity for a dramatic widening of peace agreements. We...Reuters
Thu, Jun 26
US natgas prices drop 4% to 4-week low on storage builds, rising output
Gas front-month prices fall for fifth dayStorage builds bigger than usual for 10th weekJuly futures expired on ThursdayBy Scott DiSavino June 26 (Reuters) - U.S. natural gas futures dropped about 4% to a four-week low on Thursday on a bigger-than-expected weekly storage build and a rise in output...Reuters
Thu, Jun 26
Countries agree 10% increase for UN climate budget
By Kate Abnett BONN, June 26 (Reuters) - Countries agreed on Thursday to increase the U.N. climate body's budget by 10% for the next two years, a move the body welcomed as a commitment by governments to work together to address on climate change, with China's contribution rising.The deal,...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
Trump administration has 'no imminent plans' to refill nation's emergency oil reserve
WASHINGTON, June 26 (Reuters) - The Trump administration has no imminent plans for refilling the nation's Strategic Petroleum Reserve, White House spokeswoman Karoline Leavitt said on Thursday.The emergency oil reserve is currently at its lowest levels since the 1980s after President Joe Biden t...Reuters
Thu, Jun 26
Damaged unit of Iran's South Pars refinery back operating, Nour News says
June 26 (Reuters) - A damaged unit of the South Pars refinery's Phase 14, which was hit by Israel in its first strike on Iran's oil and gas sector, has returned to operation, the Iranian state-run agency Nour News reported on Thursday.South Pars, the world's biggest gas field, is located...Reuters
Thu, Jun 26
EXCLUSIVE-China pens Argentine soymeal test deal with eye on US trade war disruption
China books first Argentine soymeal cargo since 2019Move signals China's push to diversify due to trade war with USTraders call it a 'test case', more deals may followArgentina chamber meets China delegation, discusses soymealChina currently imports mostly soy beans, very little mealBy E...Reuters
Thu, Jun 26
Med crude-Urals oil prices fall below the cap, Kazakhstan cut exports to Germany in June
MOSCOW, June 26 (Reuters) - Urals oil absolute prices fell below the western price cap in Russian ports amid weaker Brent, though the grade's discounts to the benchmark remained stable on Thursday, Reuters calculations based on the data from industry sources showed.Urals oil cargo loadings from ...Reuters
Thu, Jun 26
Netanyahu says victory over Iran opens windows to peace
June 26 (Reuters) - Victory over Iran presents new opportunities for peace agreements which Israel must not waste, Prime Minister Benjamin Netanyahu said on Thursday.In a statement, he said: "This victory presents an opportunity for a dramatic widening of peace agreements. We are working on this...Reuters
Thu, Jun 26
US farm agency finds safety issues at top research site after whistleblower complaints
USDA investigation finds pervasive safety deficiencies at research facilityDeclining investment threatens US agricultural innovation, experts warnCorrective actions include hiring new director, modernizing facility buildingsBy Leah Douglas WASHINGTON, June 26 - The U.S. Department of Agricult...Reuters
Thu, Jun 26
Governor announces first Texas Energy Fund loan for 122 MW natural gas facility
June 26 (Reuters) - Texas Governor Greg Abbott announced on Thursday that the first Texas Energy Fund (TEF) loan agreement will be used to fund a 122 megawatt (MW) natural gas power plant in Texas."Under the loan agreement, subject to customary financial closing procedures, total project costs a...Reuters
Thu, Jun 26
North Sea Crude-Grades steady, no deals
LONDON, June 26 (Reuters) - North Sea and U.S. WTI Midland crude differentials were steady on Thursday after a lack of deals.PLATTS WINDOWIndications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).* No cargoes traded.* Forties: Last ...Reuters
Thu, Jun 26
Damaged unit of Iran's South Pars refinery back operating, Nour News says
June 26 (Reuters) - A damaged unit of the South Pars refinery's Phase 14 in Iran's Bushehr province, which was hit by Israel, has returned to operation, the Iranian state-run agency Nour News reported on Thursday.Gas production was not halted and the damaged unit was repaired in about 10 day...Reuters
Thu, Jun 26
