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ICE canola futures surge on Iran, EPA biodiesel rules
WINNIPEG, Manitoba, June 13 (Reuters) - ICE canola futures followed surging soyoil in Chicago on Friday after crude oil shot higher and new biodiesel rules were released.• July canola RSN5 settled up $7.20 at $731 per metric ton. November RSX5 settled up $15 at $723.20. All new crop months closed sh...Reuters
Fri, Jun 13
CBOT wheat rallies, following soy and crude oil, but ends week lower
CHICAGO, June 13 (Reuters) - Chicago Board of Trade wheat futures rose more than 3% on Friday, following strength in soybeans and crude oil that appeared to spur a round of short-covering, traders said. CBOT July soft red winter wheat WN25 settled up 17-1/4 cents at $5.43-3/4 per bushel, rebounding ...Reuters
Fri, Jun 13
US natgas prices climb 3% on soaring oil futures after Israel strikes Iran
US gas storage injections hit monthly record high in MayUS gas storage injections could top 100 bcf for record 8th straight weekSabine LNG plant seen back at full service in late JuneBy Scott DiSavino June 13 (Reuters) - U.S. natural gas futures climbed about 3% on Friday, tracking gains in oil p...Reuters
Fri, Jun 13
CORRECTED-US natgas prices climb 2% on soaring oil futures after Israel strikes Iran
US August gas futures premium over July hits record highUS gas storage injections could top 100 bcf for record 8th straight weekSabine LNG plant seen back at full service in late JuneBy Scott DiSavino June 13 (Reuters) - U.S. natural gas futures climbed about 2% on Friday as gas followed oil pric...Reuters
Fri, Jun 13
CBOT soybeans hit 3-week high, soyoil ends limit-up on US biofuels proposal
CHICAGO, June 13 (Reuters) - Chicago Board of Trade soybean futures hit a three-week top on Friday and soyoil futures surged their 3-cent daily limit after the Trump administration proposed biofuel blending requirements for 2026 and 2027 that were above trade expectations, analysts said.CBOT July so...Reuters
Fri, Jun 13
Russia says Putin urged Israel to use diplomacy, not bombs, with Iran
Putin denounces Israeli action, tells Netanyahu diplomacy needed Russia has a strategic partnership pact with IranHas helped Iran with its civil nuclear energy programmeHas offered help with U.S.-Iran nuclear talks Urges restraint from both sides By Andrew Osborn and Alexander Marrow June 13 (R...Reuters
Fri, Jun 13
US EPA proposes higher biofuel blending volumes through 2027
Proposal signals support for biofuels industry from TrumpIt raises total blending volumes by around 2 billion gallonsProposal includes a boost to biomass-based diesel mandates By Stephanie Kelly NEW YORK, June 12 - President Donald Trump's administration on Friday proposed to increase the amo...Reuters
Fri, Jun 13
UK PM Starmer, Trump discuss military action in the escalating Iran-Israel conflict
June 13 (Reuters) - British Prime Minister Keir Starmer spoke to U.S. President Donald Trump on Friday to discuss the military action in the Iran-Israel conflict overnight and agreed on the importance of diplomacy and dialogue, Starmer's spokeswoman said.Starmer reiterated UK's grave concern...Reuters
Fri, Jun 13
Bunge's $34 billion Viterra merger clears final China hurdle
Bunge to close $34 billion Viterra merger around July 2China's approval was final regulatory hurdle for Bunge-Viterra dealDeal creates agribusiness giant, rivals ADM and CargillBunge shares jump 5.7% By Karl Plume CHICAGO, June 13 (Reuters) - Global agribusiness Bunge Global SA BG.N said Frid...Reuters
Fri, Jun 13
IAEA says aware of reported attacks on Iran's nuclear sites
June 13 (Reuters) - The International Atomic Energy Agency (IAEA) is aware of reports concerning the Isfahan and Fordow nuclear facilities and is seeking information from Iranian authorities regarding any potential impact, the agency said in an X post on Friday.Reuters
Fri, Jun 13
Gold surges past $3,400 on Israel-Iran war risk, soft US inflation boosts safe-haven demand
Gold price rallied for the third consecutive day after the Israel-Iran conflict erupted on Friday, triggering a risk-off mood in financial markets as fears that it could escalate loom. At the time of writing, XAU/USD trades at $3,422, up more than 1%.
Fxstreet
Fri, Jun 13
US drillers cut oil/gas rigs for 7th week to lowest since 2021, Baker Hughes says
By Scott DiSavino June 13 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an...Reuters
Fri, Jun 13
US Cash Grains-Soybean bids mostly steady to lower at processors and river terminals
CHICAGO, June 13 (Reuters) - Spot soybean basis bids were mostly flat to lower at U.S. Midwest processors and river terminals in a spot check on Friday, after Archer-Daniels-Midland ADM.N, a major U.S. soybean crusher and biofuel producer, cut bids to buy the oilseed this week ahead of an expected T...Reuters
Fri, Jun 13
Med crude-Differentials steady after Israel strikes Iran
LONDON, June 13 (Reuters) - Mediterranean crude oil differentials were stable on Friday as investors gauged the impact of Israeli strikes on Iran.* Differentials for Mediterranean crude oil grades, including Caspian CPC Blend and Azeri BTC Blend, have firmed in recent sessions, two traders said, tho...Reuters
Fri, Jun 13
Bunge says receives China regulatory approval for Viterra deal
CHICAGO, June 13 (Reuters) - Global agribusiness Bunge Global SA BG.N has received regulatory approval from China for its acquisition of grain handler Viterra and expects to close the deal "on or around July 2," the company said in a statement on Friday.Reuters
Fri, Jun 13
US drillers cut oil/gas rigs for 7th week to lowest since 2021, Baker Hughes says
By Scott DiSavino June 13 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an...Reuters
Fri, Jun 13
EU wheat rebounds as Israel-Iran escalation fuels short-covering
PARIS, June 13 (Reuters) - Euronext wheat climbed on Friday as news of Israeli strikes on Iran encouraged investors to cover short positions after prices hit contract lows this week amid growing supply pressure.September wheat BL2U5 on Euronext settled 2.0% up at 202.75 euros a metric ton. It earlie...Reuters
Fri, Jun 13
ISF supports expansion of agriculture insurance in Ethiopia
By Henry GaleJune 13 - (The Insurer) - The InsuResilience Solutions Fund (ISF) said it would support the expansion of an insurance scheme in Ethiopia to cover two million farmers.The initiative, led by agricultural insurtech Pula in partnership with Ethiopia's Ministry of Agriculture and the Eth...Reuters
Fri, Jun 13
Fast-fashion retailer Shein's transport emissions jump in 2024
Shein transport emissions up 13.7% in 20242023 emissions updated to 18% more than previously reportedShein's 2024 transport emissions more than triple Inditex'sShein plans to produce, package, and ship closer to customersBy Helen Reid LONDON, June 13 (Reuters) - Shein's carbon emissio...Reuters
Fri, Jun 13
