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LIVESTOCK-Hog futures set contract highs; cattle futures bounce
By Julie IngwersenCHICAGO, June 16 (Reuters) - Lean hog futures on the Chicago Mercantile Exchange set life-of-contract highs across the board on Monday, lifted by firm U.S. cash hog markets and the highest wholesale pork prices in nearly three years, brokers said.CME July lean hogs LHN25 settled up...Reuters
Tue, Jun 17
US and UK announce a trade deal, but steel imports unresolved
Tariffs eliminated on UK aerospace sectorUK looks to avoids elevated tariffs on steel and aluminum importsStarmer calls the deal "a real sign of strength"Trump says UK "very well protected ... because I like them"By Jarrett Renshaw and Andrea Shalal KANANASKIS, Alberta, June 16 (R...Reuters
Mon, Jun 16
UK finalises 500 million pound rail contract to save British Steel jobs
LONDON, June 17 (Reuters) - The British government is set to finalise a 500-million-pound ($679 million) rail steel deal between Network Rail and British Steel, aiming to protect thousands of jobs at a steelmaking plant in Eastern England that was brought under state control earlier this year. Th...Reuters
Mon, Jun 16
US Senate bill would shrink tax credit for biofuels made from foreign feedstocks
By Leah Douglas WASHINGTON, June 16 (Reuters) - U.S. Senate Republicans on Monday proposed a tax bill that would extend a clean fuel tax credit through 2031, but trim 20% of the value of the credit for biofuels made from feedstocks produced outside of the United States.The tax credit, established...Reuters
Mon, Jun 16
Senate Republicans seek to kill $7,500 EV tax credit
By David Shepardson WASHINGTON, June 16 (Reuters) - U.S. Senate Republicans on Monday proposed a tax and budget bill that would end the $7,500 tax credit on new electric vehicle sales 180 days after the measure is signed into law and immediately end the credit for leased EVs made outside Nort...Reuters
Mon, Jun 16
GRAINS-Soyoil hits 20-month peak, corn falls on good crop weather
Soyoil extends climb on EPA biofuel blending targetsCorn futures fall on favorable U.S. crop weatherWheat declines on harvest pressureUSDA weekly corn ratings improve; soy ratings dipBy Julie Ingwersen CHICAGO, June 16 (Reuters) - U.S. soyoil futures hit their highest in 20 months on Monday, supp...Reuters
Mon, Jun 16
US Cash Crude-WTI Midland holds near 2-1/2-year low
June 16 (Reuters) - Grade differentials were little changed on Monday, dealers said, with WTI Midland trading at its lowest in two and a half years as tight inventories and worries about geopolitical tensions strengthened prices at the hub. WTI Midland WTC-WTM held steady at a 35-cent premium to oil...Reuters
Mon, Jun 16
Carney says he and Trump are aiming for a Canada-US deal inside 30 days
By David LjunggrenKANANASKIS, Alberta, June 16 (Reuters) - In a surprise move, Canadian Prime Minister Mark Carney said on Monday he had agreed with U.S. President Donald Trump that their two nations should try to wrap up a new economic and security deal within 30 days.The announcement came only a f...Reuters
Mon, Jun 16
WRAPUP 15-Iranian state broadcaster hit as Iran urges Trump to make Israel halt war
LATEST DEVELOPMENTS:Iran calls for ceasefire, offers nuclear negotiation flexibilityIAEA reports extensive damage to Iran's uranium enrichment plantIran death toll at 224, Israel death toll at 24, officials sayOil prices dip, easing supply disruption fearsBy Alexander Cornwell and Parisa Hafezi ...Reuters
Mon, Jun 16
US looks to impose fresh steel, aluminum tariff quota on United Kingdom
Calgary, June 16 (Reuters) - The U.S. intends to impose a quota on steel and aluminum imports from the United Kingdom that would be exempt from 25% tariffs as part of deal announced between the two countries during the G7 Summit on Monday. The quota plan is conditioned upon the United Kingdom's ...Reuters
Mon, Jun 16
CORRECTED-Four killed, four missing after flash flooding in West Virginia
WASHINGTON, June 15 (Reuters) - Four people have been killed and four more are missing after flash flooding in West Virginia, the state's governor said on Sunday.West Virginia Governor Patrick Morrisey told reporters that about 3 to 4 inches of rain fell in less than an hour, causing Saturday...Reuters
Mon, Jun 16
CANADA-CRUDE-Discount on Western Canada Select widens
June 16 (Reuters) - The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate (WTI) futures CLc1 widened on Monday.WCS for July delivery in Hardisty, Alberta, settled at $9.20 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared wi...Reuters
Mon, Jun 16
US Senate bill would shrink tax credit for biofuels made from foreign feedstocks
WASHINGTON, June 16 (Reuters) - U.S. Senate Republicans on Monday proposed a tax bill that would extend a clean fuel tax credit through 2031, but trim 20% of the value of the credit for biofuels made from feedstocks produced outside of the United States.Reuters
Mon, Jun 16
US Senate floats full phase-out of solar, wind energy tax credits by 2028
WASHINGTON, June 16 (Reuters) - The U.S. Senate tax committee proposed a full phase-out of solar and wind energy tax credits by 2028, but extended the incentive to 2036 for Trump administration-favored hydropower, nuclear and geothermal energy, according to a draft bill circulated on Monday.The draf...Reuters
Mon, Jun 16
ADM And PYCO Industries To Launch Cottonseed Processing Joint Venture In Texas
June 16 (Reuters) - Archer-Daniels-Midland Co ADM.N:ADM AND PYCO INDUSTRIES TO LAUNCH COTTONSEED PROCESSING JOINT VENTURE IN TEXASADM - NEW JV WILL BE MAJORITY-OWNED BY PYCO AND GOVERNED BY A 6-MEMBER BOARD WITH EQUAL REPRESENTATION FROM ADM AND PYCOReuters
Mon, Jun 16
CIF/FOB Gulf Grain-Soybean barge bids turn lower, corn steady to higher
CHICAGO, June 16 (Reuters) - Basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals turned lower on Monday, as soyoil futures continued to rally on last week's biofuel news, traders said.CBOT July soyoil futures contract rose by its expanded daily limit on Monday, supported by U...Reuters
Mon, Jun 16
Trump says tariffs must be part of any Canada deal, Ottawa pushes back
By David LjunggrenKANANASKIS, Alberta, June 16 (Reuters) - U.S. President Donald Trump said on Monday a new economic deal with Canada was possible but stressed tariffs had to play a role, a position that the Canadian government strongly opposes.Canadian Prime Minister Mark Carney, who won the April ...Reuters
Mon, Jun 16
Renewable energy remains cheapest power builds as new gas plants get pricier
NEW YORK, June 16 (Reuters) - Renewable power like solar and onshore wind is the least expensive and quickest power generation source to deploy in the United States, even without government subsidies, Lazard said in a report on Monday.The cost to build new gas-fired power plants, meanwhile, has hit ...Reuters
Mon, Jun 16
El Paso Declares Force Majeure At Eunice C Compressor Station Unit #3, New Mexico
June 16 (Reuters) - KINDER MORGAN'S KMI.N EL PASO NATURAL GAS COMPANY, L.L.C (EPNG):DECLARES FORCE MAJEURE AT EUNICE C COMPRESSOR STATION UNIT #3, LOCATED IN LEA COUNTY, NEW MEXICORELATED: [nAQN2KIHNA]Reuters
Mon, Jun 16
CBOT corn sags on generally favorable US crop weather
CHICAGO, June 16 (Reuters) - Chicago Board of Trade corn futures declined on Monday as forecasts for rains this week bolstered crop production prospects, traders said. CBOT July corn CN25 settled down 9-3/4 cents at $4.34-3/4 per bushel and the September contract CU25 set a life-of-contract low at $...Reuters
Mon, Jun 16
