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WTI climbs above $73.50 as Trump urges Iran’s unconditional surrender
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $73.55 during the Asian trading hours on Wednesday. The WTI price extends the rally as the Middle East tensions escalate and the likelihood of the United States (US) involving the conflict increases.
Fxstreet
Tue, Jun 17
WRAPUP 18-Trump calls for Iran's 'unconditional surrender' as Israel-Iran air war rages on
LATEST DEVELOPMENTSTrump says whereabouts of Iranian leader Khamenei are knownAerial attacks by both sides continueUS moves additional fighter jets to regionIran reportedly bans officials' use of mobile devicesBy Parisa Hafezi, Jaidaa Taha and Maayan Lubell WASHINGTON/DUBAI/JERUSALEM, June 17...Reuters
Tue, Jun 17
US Cash Grains-Soybean bids mixed as futures gain
CHICAGO, June 17 (Reuters) - Spot basis bids for U.S. soybeans and corn were mixed in the U.S. Midwest on Tuesday, dealers said. The soy basis declined at an Iowa river terminal and increased at an Illinois river terminal. The corn basis increased at a Chicago processor, decreased at an Iowa river t...Reuters
Tue, Jun 17
Japan suspends imports of fertile eggs, day-old chicks from two Brazilian states
SAO PAULO, June 17 (Reuters) - Japan suspended imports of fertile eggs and day-old chicks coming from the Brazilian states of Goias and Mato Grosso after bird flu cases in subsistence farms had been reported in both states, the Brazilian Agriculture Ministry said on Tuesday.In a statement, the minis...Reuters
Tue, Jun 17
Futurefuel idles biodiesel production amidst regulatory uncertainty
June 17 (Reuters) - FutureFuel Corp FF.N:FUTUREFUEL IDLES BIODIESEL PRODUCTION AMIDST REGULATORY UNCERTAINTY, SHIFTS FULL FOCUS TO SPECIALTY CHEMICALS GROWTHFUTUREFUEL CORP: ANTICIPATES THAT INVESTMENT IN NEW PRODUCT CAPACITY AT ITS FACILITY WILL COME ONLINE IN MID-2025FUTUREFUEL CORP: ACTIVELY PURS...Reuters
Tue, Jun 17
CIF/FOB Gulf Grain-Soybean, corn barge bids stay mostly flat
CHICAGO, June 17 (Reuters) - Basis bids for soybeans and corn delivered by barge to U.S. Gulf Coast terminals were mostly flat on Tuesday as demand looked largely routine, traders said.Exporters sold 120,000 metric tons of U.S. soymeal to unknown destinations for 2025-26 delivery, the U.S. Departmen...Reuters
Tue, Jun 17
Senate bill would raise value of tax credit to use captured CO2 to produce more oil
By Valerie Volcovici WASHINGTON, June 17 (Reuters) - A U.S. Senate panel proposed making the tax credit for capturing carbon emissions for recovering oil equal to the $85/metric ton tax credit for permanently burying those emissions underground, a boon for oil and gas producers.The finance commit...Reuters
Tue, Jun 17
US Plains HRW Wheat-Basis bids unchanged as harvest gathers pace
CHICAGO, June 17 (Reuters) - Spot basis bids for hard red winter wheat were flat in the U.S. Plains on Tuesday as farmers focused on the ongoing wheat harvest as well as harvest preparations, dealers said.The U.S. Department of Agriculture reported on Monday that the U.S. winter wheat harvest was 10...Reuters
Tue, Jun 17
U.S. nuclear power plant outages
June 17 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Total...Reuters
Tue, Jun 17
US Cash Crude-US crude grade differentials narrow as underlying contract jumps
June 17 (Reuters) - Crude grade differentials to U.S. crude futures narrowed on Tuesday, dealers said, as the underlying contract jumped more than $3 a barrel. Oil futures climbed over 4% on Tuesday as the Iran-Israel conflict raged with no end in sight, though major oil and gas infrastructure and f...Reuters
Tue, Jun 17
CANADA-CRUDE-Discount on Western Canada Select narrows
June 17 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 narrowed on Tuesday.WCS for July delivery in Hardisty, Alberta, settled at $9.15 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $9.20 a...Reuters
Tue, Jun 17
Keyera to buy Plains' Canadian natural gas liquids business for $3.77 billion
By Ananya Mariam Rajesh June 17 (Reuters) - Keyera Corp KEY.TO said on Tuesday it has agreed to buy substantially all of U.S.-based Plains' PAA.O Canadian natural gas liquids business for C$5.15 billion ($3.77 billion) in cash. The buyout expands Keyera's position with a fully connected n...Reuters
Tue, Jun 17
ANALYSIS-Battery makers sweat as antimony shortage hits after China's export curbs
China has severely restricted antimony exports, including ban on shipments to US As prices soar, US battery association views shortage as a national emergencyBattery makers are passing higher costs on to customers By Melanie Burton MELBOURNE, June 18 (Reuters) - When China restricts exports of a ...Reuters
Tue, Jun 17
ICE walks back limits on raids targeting farms, restaurants and hotels
ICE reverses directive pausing raids on farms, restaurants, hotelsDaily arrest quota remains at 3,000Farmers fear intensified ICE enforcement will affect workforceBy Ted Hesson and Leah Douglas WASHINGTON, June 17 (Reuters) - U.S. immigration officials have walked back limits on enforcement targe...Reuters
Tue, Jun 17
ICE canola futures stay firm as crop year spread tightens
WINNIPEG, Manitoba, June 17 (Reuters) - ICE canola futures rose modestly on Tuesday as soyoil took a breather after enormous Friday and Monday gains.• Most-traded November canola RSX5, which is the first contract month for the crop now growing in Western Canada, settled up $3.90 at $739.80 per metri...Reuters
Tue, Jun 17
G7 leaders sign joint statements on critical minerals, AI
KANANASKIS, Alberta, June 17 (Reuters) - Group of Seven nations gathered for a summit have agreed six joint statements on subjects such as critical minerals, artificial intelligence and wildfires, host nation Canada said on Tuesday.The other topics they agreed statements on were quantum computing, m...Reuters
Tue, Jun 17
CBOT corn ends mixed; July dips while back months climb
CHICAGO, June 17 (Reuters) - Chicago Board of Trade corn futures ended mostly higher following advances in wheat Wv1 and crude CLc1 oil but the benchmark front July corn contract CN25 ended lower, losing ground to back months on spreads.CBOT July corn CN25 settled down 3-1/4 cents at $4.31-1/2 per b...Reuters
Tue, Jun 17
