News
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NY State Public Service Commission approves 29 power projects, valued at $636.2 million
June 12 (Reuters) - The New York State Public Service Commission approved 29 infrastructure projects worth $636.2 million, enabling 642 megawatts of electrification upgrades, the commission said on Thursday.These projects were proposed by Consolidated Edison ED.N, Niagara Mohawk Power Corporation, N...Reuters
Thu, Jun 12
US Plains HRW Wheat-Basis bids steady as harvest begins slowly
CHICAGO, June 12 (Reuters) - Spot basis bids for hard red winter wheat remained flat in the southern U.S. Plains on Thursday with the harvest off to a slow start, according to dealers. Dealers said high humidity and overcast skies were delaying dry down in the region. Protein premiums for railcar...Reuters
Thu, Jun 12
US natgas prices ease to one-week low on lower demand, big storage builds
Storage injections hit triple-digits for seventh weekStorage additions in May hit monthly record highSabine LNG plant seen back at full service in late JuneBy Scott DiSavino June 12 (Reuters) - U.S. natural gas futures eased to a one-week low on forecasts for lower demand this week, a slight incr...Reuters
Thu, Jun 12
ICE canola futures rise on technicals, worried farmers
WINNIPEG, Manitoba, June 12 (Reuters) - November ICE canola futures jumped over two percent on Thursday as worried farmers backed away from making forward sales.• July canola RSN5 settled up $9.50 at $723.80 per metric ton. November RSX5, the first month that represents the crop being grown now, ros...Reuters
Thu, Jun 12
CBOT soybeans end down as cash weakness fuels demand worries
CHICAGO, June 12 (Reuters) - Chicago Board of Trade soybean futures fell to one-week lows on Thursday as collapsing domestic cash markets, poor weekly export sales and worries about the size of U.S. biofuel mandates raised fears about demand for the oilseed, brokers said.CBOT July soybeans SN25 sett...Reuters
Thu, Jun 12
US EPA set to propose biomass-based diesel quotas below industry expectations, sources say
EPA to propose biomass-based diesel quotas below 5.25 billion gallons, sources sayProposal covers 2026 and 2027 blending requirements, sources saidIndustry awaits EPA decision on small refinery exemptions in paragraph 13By Stephanie Kelly and Jarrett Renshaw NEW YORK, June 12 - The U.S. Environme...Reuters
Thu, Jun 12
GRAINS-Soybeans hit 1-wk low on demand worries; wheat sags, corn firms
By Julie Ingwersen CHICAGO, June 12 (Reuters) - U.S. soybean futures fell to one-week lows on Thursday, pressured by worries about demand for soyoil and biodiesel fuel as well as cooling domestic cash markets for the oilseed, brokers said.Wheat futures sagged as global export business slowed whil...Reuters
Thu, Jun 12
Music streaming platform Spotify down for thousands, Downdetector shows
June 12 (Reuters) - Spotify SPOT.N was down for thousands of users on Thursday, according to outage tracking website Downdetector.com.There were more than 27,000 incidents of people reporting issues with the music streaming platform, according to Downdetector, which tracks outages by collating statu...Reuters
Thu, Jun 12
Google Cloud down for thousands of users, Downdetector shows
June 12 (Reuters) - Alphabet's GOOGL.O Google Cloud was down for thousands of users on Thursday, according to outage tracking website Downdetector.com.There were more than 11,000 incidents of people reporting issues with Google Cloud, according to Downdetector, which tracks outages by collating ...Reuters
Thu, Jun 12
Trump to examine all options for farm workers, agriculture secretary says
WASHINGTON, June 12 (Reuters) - U.S. Agriculture Secretary Brooke Rollins on Thursday said President Donald Trump would look at every available tool to address farm workers amid his ongoing immigration crackdown, but that Congress would need to make most of the changes. "The president understand...Reuters
Thu, Jun 12
PRECIOUS-Gold hits one-week peak on geopolitical risks, rate-cut bets
US producer prices rebound less than expected in MayIran warns of unprecedented retaliation to any attackSilver looks poised to hit $40/oz - analystBy Ashitha Shivaprasad and Sarah Qureshi June 12 (Reuters) - Gold prices scaled a one-week peak on Thursday, steered by simmering Middle East tension...Reuters
Thu, Jun 12
Gold rallies to $3,400 as Middle East tensions and weak US data spur dovish bets on Fed
Gold price rallies for the second straight day, shy of testing the $3,400 figure following the release of softer inflation and jobs data in the United States (US) as geopolitical tensions grow in the Middle East. The XAU/USD trades at $3,386 at the time of writing.
Fxstreet
Thu, Jun 12
US Cash Grains-Soybean bids sag at processors and river terminals
CHICAGO, June 12 (Reuters) - Spot soybean basis bids were down at U.S. Midwest processors and mostly down at river terminals on Thursday, according to a spot check. ADM locations were dropping their bids as they rolled over the November contract for soybeans, and other facilities followed suit. Deal...Reuters
Thu, Jun 12
Oklo moves closer to nuclear power deal with US Air Force
WASHINGTON, June 11 (Reuters) - Oklo OKLO.N, a U.S. company hoping to build micro nuclear power plants, said on Wednesday the energy logistics agency of the Defense Department has issued a notice of intent to award a power purchase agreement for a pilot reactor. WHY IT'S IMPORTANTNuclear power...Reuters
Thu, Jun 12
Most G7 members ready to lower Russian oil price cap without US
By Julia Payne and John Irish BRUSSELS/PARIS, June 12 (Reuters) - Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said. G7 country leade...Reuters
Thu, Jun 12
Med crude-Differentials stable for Russian public holiday
LONDON, June 12 (Reuters) - Russian Urals crude oil differentials to dated Brent were stable on Thursday, the Russia Day public holiday. PLATTS WINDOWNo bids or offers were made for CPC Blend or Azeri BTC in the Platts window on Thursday, a trade source said.NEWSMost countries in the Group o...Reuters
Thu, Jun 12
California, 10 other states sue to block Trump from killing 2035 EV rules
WASHINGTON, June 12 (Reuters) - A group of 11 states led by California on Thursday filed suit challenging a repeal by Congress of the state's 2035 electric vehicle rules and heavy duty truck requirements.President Donald Trump on Thursday signed three resolutions approved by lawmakers barring Ca...Reuters
Thu, Jun 12
EU wheat stuck near contract lows
PARIS, June 12 (Reuters) - Euronext wheat edged down on Thursday to hold around contract lows as a jump in the euro further dented export prospects while increased estimates of the upcoming European Union harvest reinforced expectations of abundant Northern Hemisphere supply.The market showed little...Reuters
Thu, Jun 12
Europe Gasoline/Naphtha-Gasoline profit margins rise despite higher fuel stocks
LONDON, June 12 (Reuters) - Northwest European gasoline profit margins rose to $14.71 a barrel on Thursday, despite a higher stock build.A total of 6,000 tons of Eurobob E5 barges traded, with Gunvor and Shell selling to BP and Trafigura.No Eurobob E10 barges traded in the Argus window.Gasoline stoc...Reuters
Thu, Jun 12
