News
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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
US Cash Grains-Soybean bids hold steady after weakening previous week
CHICAGO, June 16 (Reuters) - Spot basis bids for U.S. soybeans were mostly steady in the U.S. Midwest on Monday after consistent declines during the previous week, where Archer-Daniels-Midland facilities slashed their soybean basis bids and other locations followed their lead.The soy basis fell at a...Reuters
Mon, Jun 16
CBOT wheat ends down on harvest pressure
CHICAGO, June 16 (Reuters) - Chicago Board of Trade wheat futures fell on Monday on pressure from the expanding U.S. winter wheat harvest and a lack of supportive news, traders said.CBOT July soft red winter wheat WN25 settled down 7-1/4 cents at $5.36-1/2 per bushel.K.C. July hard red winter wheat ...Reuters
Mon, Jun 16
ICE canola futures follow Chicago soyoil higher
WINNIPEG, Manitoba, June 16 (Reuters) - ICE canola futures jumped on the soyoil bandwagon on Monday and made fresh 19-month highs, with new crop months particularly strong. • The Chicago soyoil BOv1 market shot up on the Monday opening, following Friday's limit gains, with the U.S. EPA's new...Reuters
Mon, Jun 16
CBOT soyoil futures end limit-up, again, on US biofuels proposal
CHICAGO, June 16 (Reuters) - Chicago Board of Trade soybean futures closed steady to higher on Monday as soyoil futures BOv1 rose their daily limit for a second straight session, supported by U.S. biofuel blending proposals announced last week that are likely to increase soyoil demand, traders said....Reuters
Mon, Jun 16
U.S. nuclear power plant outages
June 16 (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
Mon, Jun 16
US natgas prices jump 5% to 1-week high on forecasts for hotter weather, more cooling demand
Meteorologists see hotter-than-normal weather through July 1Triple-digit storage builds expected for record 8th weekLNG export feedgas down in May and June from April recordBy Scott DiSavino June 16 (Reuters) - U.S. natural gas futures jumped about 5% on Monday to a one-week high, on raised forec...Reuters
Mon, Jun 16
Oil prices fall $1 per barrel on reports Iran seeks truce with Israel
Brent, WTI drop as reports suggest Iran seeking de-escalationIran asked Arab neighbors to press US president for Israeli ceasefireKey oil export infrastructure spared so far in worsening Israel-Iran conflictBy Nicole Jao NEW YORK, June 16 (Reuters) - Oil prices slipped $1 per barrel on Monday in ...Reuters
Mon, Jun 16
Trump expected to sign proclamation finalizing US-UK trade deal, sources say
WASHINGTON, June 16 (Reuters) - U.S. President Donald Trump is expected to sign a proclamation finalizing the terms of a U.S.-British trade deal agreed last month in coming days, three sources familiar with the matter said on Monday.Work on the proclamation had been completed, but it was not immedia...Reuters
Mon, Jun 16
GRAINS-Soyoil hits 20-month peak, corn falls on good crop weather
By Julie Ingwersen CHICAGO, June 16 (Reuters) - U.S. soyoil futures hit their highest in 20 months on Monday, supported by U.S. biofuel blending proposals that are likely to increase demand, while soybean futures touched a one-month high.Corn and wheat futures fell on strong production prospects....Reuters
Mon, Jun 16
PRECIOUS-Gold falls over 1%, spotlight on Israel-Iran conflict and Fed meeting
Iran urges Trump to make Israel halt warFed policy meeting concludes on Wednesday By Ashitha Shivaprasad and Anushree Mukherjee June 16 (Reuters) - Gold slipped more than 1% on Monday as traders took profits after prices hit an eight-week high, while the market focused on Israel-Iran tensions and...Reuters
Mon, Jun 16
Gold sinks below $3,400 despite ongoing Middle East tensions
Gold price tumbled below $3,400 during the North American session, down over 1% despite tensions in the Middle East remaining high as the Israel-Iran conflict escalates. At the time of writing, XAU/USD trades at $3,399 after reaching an eight-week peak of $3,452.
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Mon, Jun 16
