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GRAINS-Soybeans, corn rebound on technical trading, bargain buying
Corn, soy recover on technical tradingWheat higher on spillover supportBy Heather Schlitz CHICAGO, Aug 21 (Reuters) - Chicago soybean and corn futures surged on Thursday on short covering and bargain buying after prices sank low enough to attract buying interest, though supply pressure from favor...Reuters
Thu, Aug 21
US generated more renewable blending credits in July, EPA says
NEW YORK, Aug 21 (Reuters) - The U.S. generated more renewable blending credits in July than June, data from the Environmental Protection Agency showed on Thursday.About 1.26 billion ethanol (D6) blending credits were generated in July, compared with about 1.25 billion in June, the data showed.Credi...Reuters
Thu, Aug 21
US farm agency plan to close flagship research site threatens critical research, critics warn
Closure could push scientists to resign, critics warnBARC research includes pests, blight, crop geneticsUSDA lacks data supporting reorganization plan, lawmakers sayBy Leah Douglas WASHINGTON, Aug 21 (Reuters) - The U.S. Department of Agriculture's plan to close its flagship laboratory near W...Reuters
Thu, Aug 21
China's CNPC to start natural gas production in Peru next year
LIMA, Aug 21 (Reuters) - Chinese state-run energy company China National Petroleum Corp (CNPC) will start producing natural gas in Peru in November of next year, requiring an investment of around $500 million, said the head of regulator Perupetro on Thursday. A consortium operated by Anadarko APCFC....Reuters
Thu, Aug 21
US to rule on biofuel waivers, but big oil refiners may need to wait, sources say
EPA expected to rule soon on a number of the 190 pending refiner exemption requests.EPA expected to delay decision on whether larger refiners should make up for exempted gallons.The decisions will have significant impacts on oil and farm industries.By Jarrett Renshaw Aug 21 (Reuters) - Presid...Reuters
Thu, Aug 21
EU wheat rebounds from lows as short-covering, euro support
PARIS, Aug 21 (Reuters) - European wheat futures rose on Thursday to recover from contract lows, supported by short-covering and weakness in the euro that underscored the export competitiveness of French supplies.A rally in Chicago corn Cv1, after bigger than expected weekly U.S. export sales, also ...Reuters
Thu, Aug 21
Ukrainian man arrested in Italy over Nord Stream pipeline attacks
No one has claimed responsibility for 2022 pipeline blastsSuspect used sailing yacht to carry out attack, prosecutors say Suspect arrested while holidaying with family on Adriatic coastSuspect was former Ukrainian officer, WSJ reports Ukraine has previously denied involvementPipelines carried Rus...Reuters
Thu, Aug 21
EU still seeking lower US tariff for wine and spirits, says trade commissioner
BRUSSELS, Aug 21 (Reuters) - The European Commission will keep pressing for a preferential tariff for wine and spirits exports to the U.S. that would spare the sector the 15% rate applied on most items under the EU-U.S. trade deal, the EU's trade commissioner said on Thursday."This one we di...Reuters
Thu, Aug 21
US prolongs Michigan coal plant's operation until November despite costs
US extends order to keep coal plant open through mid-NovemberOwner of plant says order already has cost tens of millions of dollarsHomeowners, businesses could foot the billMove is latest by Trump administration to support fossil fuelsBy Timothy Gardner WASHINGTON, Aug 21 (Reuters) - The U.S. Ene...Reuters
Thu, Aug 21
US Cash Grains-Corn basis steady to lower at processors, ethanol plants; soy crusher bids level
CHICAGO, Aug 21 (Reuters) - Spot cash corn basis bids were mostly steady to firmer at U.S. Midwest grain elevators on Thursday and mostly flat to lower at ethanol plants and other processors as futures prices climbed for a second straight session and buyers looked ahead to a record U.S. harvest this...Reuters
Thu, Aug 21
Europe Gasoline/Naphtha-Gasoline profit margins firm
LONDON, Aug 21 (Reuters) - Northwest European gasoline profit margins firmed by about $1.50 a barrel to $15.62 a barrel on Thursday supported by lower U.S. inventories. A total of 10,000 metric tons of Eurobob E5 barges traded in the session, with Trafigura, Gunvor and BP selling to Sahara, Varo and...Reuters
Thu, Aug 21
EXPLAINER-What is known about the Nord Stream gas pipeline explosions?
By Nerijus Adomaitis and Johan Ahlander OSLO, Aug 21 (Reuters) - Italian police have arrested a Ukrainian man suspected of coordinating the attacks on the Nord Stream gas pipelines in 2022, German prosecutors said on Thursday. The arrest is the first significant breakthrough in t...Reuters
Thu, Aug 21
ConocoPhillips to buy LNG from Sempra's Port Arthur Phase 2 project
By Pooja Menon Aug 21 (Reuters) - U.S. oil and gas producer ConocoPhillips COP.N said on Thursday it would secure 4 million tonnes per annum of liquefied natural gas from Sempra's SRE.N Port Arthur LNG Phase 2 project in Texas to serve key global markets.Commercial activity in the U.S. LNG s...Reuters
Thu, Aug 21
US opens national security probe into imported wind turbines, components
WASHINGTON, Aug 21 (Reuters) - The U.S. Commerce Department said on Thursday it has opened a national security investigation into the import of wind turbines and components. Earlier this week, the department said it was adding wind turbines to a list of products that will face 50% tariffs on the alu...Reuters
Thu, Aug 21
CORRECTED-MOVES-JPMorgan hires two investment bankers to bolster services to energy companies
By David FrenchNEW YORK, Aug 21 (Reuters) - JPMorgan Chase JPM.N has hired two bankers to boost its investment banking capabilities for energy companies, including one which will help the bank focus on coverage of middle-market clients in the sector, per a memo seen by Reuters.The bank is creating a...Reuters
Thu, Aug 21
EUROPE GAS-Prices rise after fresh Ukraine infrastructure attacks
LONDON, Aug 21 (Reuters) - Dutch and British wholesale gas prices rose on Thursday afternoon after initially trading sideways after Russia attacked key gas storage infrastructure in Ukraine at a time of growing concern over the speed of filling up European gas storages.The benchmark Dutch front-mont...Reuters
Thu, Aug 21
McCormick to grow stake in Mexican joint venture in $750 million deal
By Neil J Kanatt and Paolo LaudaniAug 21 (Reuters) - McCormick MKC.N said on Thursday it will raise its stake in its Mexico joint venture to 75% by acquiring 25% more for $750 million as the condiments maker seeks to expand further in Latin America.McCormick, maker of Cholula hot sauce, said the dea...Reuters
Thu, Aug 21
Q&A-Auction heats up for Venezuela's refiner Citgo, US court ponders bids
By Marianna Parraga HOUSTON, Aug 21 (Reuters) - A U.S. court auction of Venezuelan-owned U.S. refiner Citgo is heating up after delays as bidders raise their offers, good news for creditors seeking compensation from the South American nation for debt defaults and a wave of nationalizations under ...Reuters
Thu, Aug 21
ARA gasoil stocks rise 9%
LONDON, Aug 21 (Reuters) - Gasoil stocks, which include diesel, held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by over 9% to their highest since mid-June, data from Dutch consultancy Insights Global showed on Thursday.Gasoil inventories stood at 2.03 millio...Reuters
Thu, Aug 21
