News
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CIF/FOB Gulf Grain-Soybean basis eases on higher futures, slow export demand
CHICAGO, March 18 (Reuters) - Spot basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals eased on Wednesday on weakening freight costs, seasonally slow export demand and firmer futures values, traders said.U.S. soybean export sales have slowed as global buyers are increasingly turnin...Reuters
Wed, Mar 18
Argentine province eyes copper boom with up to $20 billion in exports by 2035
San Juan official expects $32 billion in copper investments in next decadeProvince to produce 1.2 million tons of copper annually by 2035Infrastructure challenges include road and energy networks, housing needsBy Lucila Sigal BUENOS AIRES, March 18 (Reuters) - Argentina's San Juan mining prov...Reuters
Wed, Mar 18
Qatar declares security, military attache in Iran's embassy as persona non grata
CAIRO, March 18 (Reuters) - Qatar has declared the security and military attache in Iran's embassy as "persona non grata", asking them to leave the country within a period of maximum 24 hours, the foreign ministry said on Wednesday.Doha attributed the decision to Iran's repeated atta...Reuters
Wed, Mar 18
Iranian missile causes "extensive damage" at Qatar's Ras Laffan
LONDON, March 18 (Reuters) - Qatar said on Wednesday that it had successfully intercepted four out of five ballistic missiles launched from Iran , while the fifth hit Ras Laffan Industrial City and caused " extensive damage ." Ras Laffan is where the core of QatarEnergy...Reuters
Wed, Mar 18
Iraq resumes Kirkuk crude exports via Ceyhan after Baghdad-KRG deal
Crude oil exports resumed on WednesdayTensions rise over new electronic customs systemKRG seeks guarantees for safe oil productionBy Ahmed Rasheed, Yomna Ehab and Muayad Hameed BAGHDAD, March 17 (Reuters) - Crude exports from Iraq's Kirkuk fields to Turkey's Ceyhan port have resumed via p...Reuters
Wed, Mar 18
GRAINS-Chicago grains and oilseeds tick up on crude oil strength, Plains weather
By Renee Hickman CHICAGO, March 18 (Reuters) - Chicago grain and oilseed futures ticked up on Wednesday as money flowed toward those markets and crude oil gave corn and soybeans a boost. Meanwhile wheat climbed on concerns about dry soils in the U.S. Southern Plains, analysts said. The most-activ...Reuters
Wed, Mar 18
Argentine province eyes copper boom with $15-20 bln in exports by 2035
BUENOS AIRES, March 18 (Reuters) - Argentina's San Juan mining province aims to become a major copper exporter by 2035, the country's production minister said, projecting the province's annual copper exports could reach between $15 billion and $20 billion by that year. Production Ministe...Reuters
Wed, Mar 18
US airport security absences decline slightly as shutdown continues
TSA absences at major airports remain high, impacting operationsAirlines urge quick resolution as spring travel season beginsPotential shutdown of smaller airports due to staff shortagesTSA officer absences peaked at 10.2% on TuesdayAirlines face potential disruptions similar to last fall's 43-d...Reuters
Wed, Mar 18
US poised to waive summer gasoline regulations to ease prices, sources say
By Jarrett RenshawMarch 18 (Reuters) - The Trump administration is expected to announce soon that it will temporarily lift federal smog-cutting restrictions on summer-blend gasoline to curb rising energy prices stemming from the Iran conflict, according to three sources familiar with the matter.The ...Reuters
Wed, Mar 18
US waives shipping regulation to ease fuel, fertilizer deliveries
Foreign-flagged vessels can move fuel between domestic portsAmerican Maritime Partnership 'deeply concerned' about US jobsRisk advisor doubts that the step will help lower prices muchBy Jarrett RenshawWASHINGTON, March 18 (Reuters) - President Donald Trump's administration on Wednesday a...Reuters
Wed, Mar 18
PRECIOUS-Gold holds losses after Fed decision, drops to over one-month low
Iran's huge Gulf gas field struck in major escalationFed calls inflation somewhat elevatedUS producer prices surge in FebruaryBy Ashitha Shivaprasad March 18 (Reuters) - Spot gold continued to trade lower after the Federal Reserve's latest policy decision on Wednesday, having hit a more t...Reuters
Wed, Mar 18
Ferrero agrees deal for Brazilian protein snacking company Bold Snacks
By Alexander MarrowLONDON, March 18 (Reuters) - The owner of Ferrero Rocher on Wednesday said it had agreed to acquire Brazilian protein snacking company Bold Snacks for an undisclosed sum, in a deal that gives the Italian group greater exposure to the growing number of consumers looking for high-pr...Reuters
Wed, Mar 18
US Plains HRW Wheat-Basis mostly steady as drought concern expands in Plains
CHICAGO, March 18 (Reuters) - Basis bids for hard red winter (HRW) wheat were unchanged in most markets in the southern U.S. Plains on Wednesday, though a rally in wheat futures had some farmers selling off the limited supplies they still had stored in bins, merchandisers said.Protein premiums for r...Reuters
Wed, Mar 18
CBOT wheat climbs as dry weather forecast for Southern Plains
CHICAGO, March 18 (Reuters) - Chicago Board of Trade wheat futures jumped on Wednesday on concerns about dry weather in the U.S. Southern Plains, analysts said. Weather forecaster Vaisala said ongoing dry weather in the central and southern Plains would maintain low moisture for winter wheat over...Reuters
Wed, Mar 18
CBOT corn futures ended higher as crude oil prices rose
CHICAGO, March 18 (Reuters) - Chicago Board of Trade corn futures ticked up on Wednesday as money flowed toward those markets and crude oil gave corn strength. Oil prices rose more than 5% on Wednesday after Iran's Revolutionary Guards threatened to attack several energy facilities across the Mi...Reuters
Wed, Mar 18
Prysmian eyes new Texas copper mill and deals, Bloomberg News reports
March 18 (Reuters) - Italian cable maker Prysmian PRY.MI is considering building a new mill in Texas as it pursues U.S. acquisitions, Bloomberg News reported on Wednesday.The company may pull the trigger in the next year or so on a second copper rod facility at its McKinney site near Dallas, with an...Reuters
Wed, Mar 18
Prysmian Eyes New Texas Copper Mill, Deals Amid Data Center Boom - Bloomberg News
March 18 (Reuters) - Bloomberg News:PRYSMIAN EYES NEW TEXAS COPPER MILL, DEALS AMID DATA CENTER BOOM - BLOOMBERG NEWSPRYSMIAN MAY PULL TRIGGER IN NEXT YEAR OR SO ON SECOND COPPER ROD FACILITY NEAR DALLAS WITH INVESTMENT OF $100 MILLION TO $200 MILLION - BLOOMBERG NEWSSource text: tinyurl.com/35wdz6n...Reuters
Wed, Mar 18
US natural gas futures rise as output drops and demand climbs
Daily gas output drops due in part to likely freezing pipes in North DakotaRecord heat in Los Angeles boosts gas demand for power generationLNG export unit outage contributes to reduced gas flowsBy Scott DiSavino NEW YORK, March 18 (Reuters) - U.S. natural gas futures edged up about 1% on Wed...Reuters
Wed, Mar 18
US airport security absences decline slightly as shutdown continues
WASHINGTON, March 18 (Reuters) - Absences by Transportation Security Administration security officers at airports fell slightly on Tuesday to 9.9% as a partial government shutdown hit its 33rd day and long lines were reported at a number of major airports, the government said on Wednesday.The fundin...Reuters
Wed, Mar 18
