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ICE canola futures follow soyoil lower
WINNIPEG, Manitoba, June 18 (Reuters) - ICE canola futures softened on Wednesday, following weakness in Chicago soyoil.• November canola RSX5 settled down $3.40 at $736.40 per metric ton. July RSN5 fell $6 to $738.50. • The July-November spread continued to tighten, with the old crop premium continu...Reuters
Wed, Jun 18
Oil settles higher as Iran-Israel conflict enters sixth day
US involvement in Israel-Iran conflict could risk energy infrastructureStrait of Hormuz disruption could push oil prices to $120US crude stocks fall by more than expected, EIA data showsBy Stephanie Kelly NEW YORK, June 18 (Reuters) - Oil prices settled higher on Wednesday in a volatile session a...Reuters
Wed, Jun 18
US natgas prices climb 4% to 10-week high on lower output, higher demand
Hot weather to boost power generator gas burnsEnd of LNG plant maintenance to boost LNG feedgasEnergy firms add 95 bcf of gas to storage last weekBy Scott DiSavino June 18 (Reuters) - U.S. natural gas futures jumped about 4% to a 10-week high on Wednesday on a slightly smaller-than-expected w...Reuters
Wed, Jun 18
US judge skeptical of Trump plan tying states' transportation funds to immigration
By Nate Raymond June 18 (Reuters) - A federal judge in Rhode Island appeared inclined on Tuesday to block President Donald Trump's administration from forcing 20 Democratic-led states to cooperate with immigration enforcement in order to receive billions of dollars in transportation grant fun...Reuters
Wed, Jun 18
GRAINS-US wheat surges 4% on short-covering, lifting corn and soy
Weather woes, Algerian tender spur short-covering in wheatCorn and soybeans follow the higher trendSoybeans also supported by US biofuels mandateUS markets closed on Thursday for holidayBy Julie Ingwersen CHICAGO, June 18 (Reuters) - Benchmark Chicago Board of Trade wheat futures jumped more than...Reuters
Wed, Jun 18
Gold holds steady near $3,390 as Fed projects two cuts in 2025
Gold price holds firm near $3,390 as the Federal Reserve decided to hold rates unchanged at the June 18 meeting. The Summary of Economic Projections (SEP) reveals that officials are still eyeing 50 basis points of easing in 2025.
Fxstreet
Wed, Jun 18
Air India to cut international flights on widebody aircraft by 15%
June 18 (Reuters) - Air India said on Wednesday it will cut international operations on its widebody aircraft by 15% for the next few weeks, citing ongoing safety inspections and operational disruptions following last week's deadly crash of one of its Boeing 787 Dreamliners.Authorities continue ...Reuters
Wed, Jun 18
If Iranian oil exports cut in half, Barclays expects Brent to move to $85 per barrel
June 19 (Reuters) - If Iranian oil exports are cut in half, Barclays would expect Brent to move to $85 per barrel, the bank said in a note dated June 19.It added that in a worst case scenario of a wider conflagration regarding Iran, it would expect prices to move past $100 per barrel.Reuters
Wed, Jun 18
EXPLAINER-How close is Iran to having nuclear weapons?
For live coverage of war, please click here https://www.reuters.com/world/israel-iran-conflict-live-trump-leaves-g7-summit-early-says-should-evacuate-2025-06-17/For details on the status of Iran's facilities, click here https://www.reuters.com/world/china/how-much-damage-have-israeli-strikes-cau...Reuters
Wed, Jun 18
USDA plans sterile fly facility in Texas to combat screwworm
By Leah Douglas WASHINGTON, June 18 (Reuters) - U.S. Agriculture Secretary Brooke Rollins announced plans on Wednesday to open a sterile fly dispersal facility in Hidalgo County, Texas, as part of the country's effort to fight the encroachment of New World screwworm.The pest, a species of fly...Reuters
Wed, Jun 18
US Supreme Court sides with federal agency in nuclear waste storage case
Nuclear waste storage facility planned for TexasTexas and oil interests challenged agency's authorityLower court ruled against Nuclear Regulatory CommissionBy John Kruzel, Andrew Chung WASHINGTON, June 18 (Reuters) - The U.S. Supreme Court threw out on Wednesday a legal challenge by the state...Reuters
Wed, Jun 18
US Cash Grains-Soybean, corn bids mixed amid slow selling
CHICAGO, June 18 (Reuters) - Spot soybean and corn basis bids were mixed in the U.S. Midwest on Wednesday as selling was slow and futures chopped up and down, analysts said.Soybean bids fell at an Ohio elevator and rose at an Illinois river terminal.The corn basis fell at an Iowa processor.The Chica...Reuters
Wed, Jun 18
US Supreme Court sets test for which courts can hear EPA cases
Oil refiners were denied biofuel mandate exemptionsOklahoma and Utah challenged EPA smog control planBy Nate Raymond June 18 (Reuters) - The U.S. Supreme Court established rules of the road on Wednesday to determine when lawsuits challenging actions by the U.S. Environmental Protection Agency rel...Reuters
Wed, Jun 18
Brazil declares itself 'bird flu free' after 28-day observation period
SAO PAULO, June 18 (Reuters) - Brazilian authorities on Wednesday have declared the country as "free" of the bird flu virus after no new outbreaks were detected on commercial poultry farms, according to a statement from the agriculture ministry.Brazil's first outbreak hit a chicken breed...Reuters
Wed, Jun 18
Europe Gasoline/Naphtha-Gasoline profit margins jump
LONDON, June 18 (Reuters) - Northwest European gasoline profit margins jumped by about $2 to $12.87 a barrel on Wednesday, despite data from the U.S. Energy Information Administration (EIA) showing fuel stocks gained last week.A total of 8,000 metric tons of Eurobob E5 barges traded, with Varo and S...Reuters
Wed, Jun 18
EU wheat jumps 3% as drought in Russia sparks buying
PARIS, June 18 (Reuters) - European wheat prices rose on Wednesday, buoyed by a rally in U.S. markets, dry weather in Russian wheat-growing regions and an increase in French wheat export projections due to strong late-season sales.Benchmark September milling wheat BL2U5 on Paris-based Euronext, clos...Reuters
Wed, Jun 18
Air India Chairman says flight that crashed had clean engine history
June 18 (Reuters) - Air India Chairman N. Chandrasekaran said on Wednesday that Air India's Boeing Dreamliner flight that crashed with 242 people on board last week had a clean engine history.In an interview with Indian broadcaster Times Now, Chandrasekaran said Air India flight 171's right ...Reuters
Wed, Jun 18
Iran to impose temporary restrictions on internet access, ministry says
CAIRO, June 18 (Reuters) - Iran is set to impose temporary restrictions on internet access, the communications ministry said in a statement relayed by Iranian media on Wednesday, as the country continues to exchange missiles with Israel.The statement said the move was to prevent "the enemy from ...Reuters
Wed, Jun 18
USDA plans sterile fly facility in Texas to combat screwworm
WASHINGTON, June 18 (Reuters) - U.S. Agriculture Secretary Brooke Rollins announced plans on Wednesday to open a sterile fly dispersal facility in Hidalgo County, Texas, as part of its effort to fight the encroachment of New World screwworm.Reuters
Wed, Jun 18
