News
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GRAINS-Chicago grains and oilseeds rise on recent dollar weakness, biofuel optimism
By Renee Hickman Jan 28 (Reuters) - Chicago grain and soybean futures climbed on Wednesday after the dollar's weakening to a four-year low made U.S. crops more attractive for overseas buyers.Grain markets were also monitoring the impact of a winter storm on U.S. wheat fields and agricultural ...Reuters
Wed, Jan 28
CORRECTED-Chile's Mantoverde makes workers new offer as strike continues
SANTIAGO, Jan 28 (Reuters) - Capstone Copper's CS.TO Mantoverde copper and gold mine in northern Chile said on Wednesday it is presenting a new contract offer to workers in a bid to end a strike that began in early January, after talks over new labor contracts broke down.The offer includes payin...Reuters
Wed, Jan 28
US Cash Crude-Grades rise as US crude stocks fall, WTI/Brent stays wide
HOUSTON, Jan 27 (Reuters) - Grades rose on Wednesday, dealers said, after domestic crude stocks fell and the WTI/Brent spread stayed wide. U.S. crude stocks fell as exports surged last week, the Energy Information Administration said on Wednesday, declining by 2.3 million barrels to 423.8 million ba...Reuters
Wed, Jan 28
CBOT wheat ends higher on recent dollar weakness
CHICAGO, Jan 28 (Reuters) - Chicago Board of Trade wheat futures finished higher on Wednesday on recent dollar weakness, which tends to make U.S. grains more competitive globally. The dollar steadied on Wednesday but was still set for a weekly fall. The dollar index =USD, which measures the U.S. cur...Reuters
Wed, Jan 28
US crude, natural gas production recover after winter storm ravages output
By Georgina McCartneyHOUSTON, Jan 28 (Reuters) - U.S. crude oil and natural gas producers were bringing wells back online on Wednesday following a severe winter storm that swept across the country over the weekend, straining energy infrastructure and power grids.Domestic crude output is now estimate...Reuters
Wed, Jan 28
EXCLUSIVE-US handing over seized tanker to Venezuela, officials say
WASHINGTON, Jan 28 (Reuters) - The United States is handing over a tanker to Venezuela that it seized earlier this month, two U.S. officials told Reuters on Wednesday, the first known instance where President Donald Trump's administration has returned such a tanker. The officials, who were speak...Reuters
Wed, Jan 28
Tyson to pay $48 million to resolve price‑fixing claims by pork buyers
By Mike Scarcella WASHINGTON, Jan 28 (Reuters) - Tyson Foods TSN.N has agreed to pay $48 million to settle a class action brought by U.S. food service companies that accused the meat industry giant of conspiring to restrict the supply of pork and fix prices.The proposed settlement was filed on Tu...Reuters
Wed, Jan 28
EXCLUSIVE-Citgo buys first Venezuelan oil cargo since ending ties with Venezuelan parent in 2019, sources say
By Marianna Parraga and Shariq KhanNEW YORK, Jan 28 (Reuters) - U.S. refiner Citgo Petroleum has bought Venezuelan crude oil for the first time since it severed ties with its parent, state-run oil firm Petroleos de Venezuela SA, in early 2019, two sources familiar with the matter told Reuters on Wed...Reuters
Wed, Jan 28
CBOT corn ticks up with biofuels optimism, Argentina weather
CHICAGO, Jan 28 (Reuters) - Chicago Board of Trade corn futures ended higher on Wednesday with optimism about demand for biofuels lending support, alongside concerns about hot, dry weather in major producer Argentina. U.S. President Donald Trump said in a speech in Iowa on Tuesday that Republican co...Reuters
Wed, Jan 28
CBOT soybeans tick up weather concerns in Argentina, recent dollar weakness
CHICAGO, Jan 28 (Reuters) - Chicago Board of Trade soybean futures closed up on Wednesday with recent dollar weakness making U.S. exports more competitive, but pressure from the early stages of a massive Brazilian soy harvest hung over the market. Weather fears in Argentina added support.In South Am...Reuters
Wed, Jan 28
US natgas futures soar 140% over seven days during cold snap, contract expiration
Northeast spot power prices hit record $314/MWh amid coldGas output rises as frozen wells thaw, LSEG reportsLower 48 gas demand to fall from 169.2 bcfd to 155.0 bcfd next weekBy Scott DiSavino NEW YORK, Jan 28 (Reuters) - U.S. natural gas futures soared by a record 140% over the past seven days t...Reuters
Wed, Jan 28
Oil prices hover around four-month high, buoyed by Iran concerns, weak dollar
U.S. dollar near four-year lowsBrent and WTI headed for biggest monthly percentage rises since July 2023U.S. and Kazakh outages support pricesBy Nicole Jao NEW YORK, Jan 28 (Reuters) - Oil prices rose to their highest since late September on Wednesday on looming Iran concerns while a weak U.S. do...Reuters
Wed, Jan 28
Senate Republicans say approved energy projects should not be halted
Senators urge protection for fully approved projects from political shiftsRepublicans criticize Trump's renewable energy project halts, support 'technology neutral' treatment of energy projects Democrats demand fair treatment for renewable energy in permitting reformBy Valerie Volcovici ...Reuters
Wed, Jan 28
Motiva restarts large coker at Port Arthur, Texas refinery, sources say
HOUSTON, Jan 28 (Reuters) - Motiva Enterprises restarted the large coker at its 640,500 barrel-per-day (bpd) Port Arthur, Texas refinery, said people familiar with plant operations on Wednesday. The 110,000-bpd coker was taken out of production on Monday by a malfunction, the sources said. The coker...Reuters
Wed, Jan 28
Mexico's Olmeca refinery halted operations on Monday, internal reports show
MEXICO CITY, Jan 28 (Reuters) - Mexico's Olmeca refinery, located in the Gulf port of Dos Bocas and run by state oil firm Pemex, halted its operations on Monday due to a power failure, according to two internal reports seen by Reuters.A source told Reuters that Olmeca began restarting operations...Reuters
Wed, Jan 28
GRAINS-Chicago grain prices rise after dollar slides
By Renee Hickman Jan 28 (Reuters) - Chicago grain and soybean futures climbed on Wednesday after the dollar's weakening to a four-year low made U.S. crops more attractive for overseas buyers.Grain markets were also monitoring the impact of a winter storm on U.S. wheat fields and agricultural ...Reuters
Wed, Jan 28
Shipping group CMA CGM to form port joint venture with Stonepeak
Jan 28 (Reuters) - French shipping group CMA CGM and U.S. investment firm Stonepeak have agreed to create a joint venture valued at nearly $10 billion to operate and invest in port terminals, including in the United States, the companies said on Wednesday.CMA CGM, the world's third-largest conta...Reuters
Wed, Jan 28
REFILE--Mexico's Olmeca refinery halted operations on Monday, internal reports show
MEXICO CITY, Jan 28 (Reuters) - Mexico's Olmeca refinery, located in the Gulf port of Dos Bocas and run by state oil firm Pemex, halted its operations on Monday, internal reports seen by Reuters showed.Reuters
Wed, Jan 28
US Cash Grains-Corn basis eases as futures climb; soy basis mixed
CHICAGO, Jan 28 (Reuters) - Spot basis bids for corn were steady to weaker in the U.S. Midwest on Wednesday, spot checks showed, as rising Chicago Board of Trade futures appeared to spur farmer grain sales in a few areas. The basis had firmed in recent days as frigid temperatures and a massive weeke...Reuters
Wed, Jan 28
