News
Important Only
ICE canola futures tank on USDA biofuel rule
All figures in Canadian dollars unless noted WINNIPEG, Manitoba Jan 15 (Reuters) - ICE canola futures plunged to a one-week low on Wednesday after the U.S. Department of Agriculture published an interim rule for biofuel crops that left out canola, traders said.* March canola RSH5 settled down $11...Reuters
Wed, Jan 15
UPDATE 2-Chevron says no commercial oil, gas found at Namibia exploration well
Adds name of well and block in paragraph 2By Ron Bousso Jan 15 (Reuters) - Chevron CVX.N said on Wednesday it did not find commercial hydrocarbon reserves in an exploration well in Namibia's Orange Basin. The U.S. oil producer said the well called Kapana 1X in the PEL90 block provided valuable in...Reuters
Wed, Jan 15
CBOT soybeans end lower in pause after three-month highs
CHICAGO, Jan 15 (Reuters) - Chicago Board of Trade soybean futures ended lower on profit-taking a day after posting three-month highs and after monthly U.S. soy crush data underscored strong production of soymeal, traders said.CBOT March soybeans SH25 settled down 4-3/4 cents, or 0.45%, at $10.42-3/...Reuters
Wed, Jan 15
UPDATE 9-Oil rallies, settles at multi-month high on US crude draw, Russia sanctions
WTI, Brent prices hit highest since July 2024US crude oil stocks fell last week to their lowest since April 2022, EIA saysIsrael and Hamas agree to a ceasefire deal, official says IEA says new US sanctions could disrupt Russian supplyAdds prices, market activityBy Nicole Jao Jan 15 (Reuters) - Oi...Reuters
Wed, Jan 15
TABLE-US generated more renewable credits in December, EPA says
Adds RIN generation table, backgroundNEW YORK, Jan 15 (Reuters) - The United States generated more renewable blending credits in December versus the prior month, data from the Environmental Protection Agency showed on Wednesday.About 1.30 billion ethanol (D6) blending credits were generated in Decem...Reuters
Wed, Jan 15
REFILE-US generated more renewable credits in December, EPA says
Corrects day of the week to Wednesday in first paragraphNEW YORK, Jan 15 (Reuters) - The United States generated more renewable blending credits in December versus the prior month, data from the Environmental Protection Agency showed on Wednesday.About 1.30 billion ethanol (D6) blending credits were...Reuters
Wed, Jan 15
US Plains HRW Wheat-Basis bids steady as farmer sales continued at slower pace
By Bageshri BanerjeeCHICAGO, Jan 15 (Reuters) - Basis bids for hard red winter wheat were unchanged in a spot check of locations in the U.S. Plains on Wednesday as farmer sales dropped off somewhat but remained active, according to dealers. * Merchants said trade was less busy than it had been earli...Reuters
Wed, Jan 15
TABLE-Mexico's Pemex sets February Maya price for international buyers
MEXICO CITY, Jan 15 (Reuters) - Mexican state oil company Pemex revised its February term pricing formulas for crude shipped to customers in the Americas, Europe and Asia, the company's trading arm said in a statement on Wednesday.The following table lists adjustments to price constants for Pemex's ...Reuters
Wed, Jan 15
CBOT corn ends higher, hovers near one-year peak
CHICAGO, Jan 15 (Reuters) - Chicago Board of Trade corn futures ended higher on Wednesday, hovering near a one-year top as traders kept adjusting to a tighter supply outlook from the U.S. Department of Agriculture (USDA) last week and worried about Argentine crop weather.CBOT benchmark corn futures ...Reuters
Wed, Jan 15
UPDATE 1-US natgas prices rise 3% to two-year high on frigid weather and record demand forecasts
Cold could boost gas demand to record highs on Jan. 20-21Jan. 20-21 could be coldest days since January 2024Gas storage withdrawals could reach record high in JanuaryAdds latest pricesBy Scott DiSavino Jan 15 (Reuters) - U.S. natural gas futures climbed about 3% to a two-year high on Wednesday, o...Reuters
Wed, Jan 15
PRECIOUS-Gold advances as softer core CPI data revives Fed easing hopes
US core CPI rises 3.2% on a yearly basis in DecemberDollar down 0.1% against its rivalsTrump to begin his second term next weekUpdates for market closeBy Anjana Anil and Daksh Grover Jan 15 (Reuters) - Gold prices extended gains on Wednesday, as the dollar dipped after U.S. core inflation data ca...Reuters
Wed, Jan 15
GRAINS-Corn futures firm on Argentina weather worries, soybeans retreat
Updates prices; adds quotes, byline; changes dateline from previous CANBERRA/PARISBy Julie Ingwersen CHICAGO, Jan 15 (Reuters) - Benchmark U.S. corn futures rose on Wednesday, hovering near one-year highs as traders continued to adjust to a tighter supply outlook projected last week by the U....Reuters
Wed, Jan 15
BRIEF-Citgo Reports Planned Maintenance At Corpus Christi West Plant, Texas
Jan 15 (Reuters) - CITGO PETROLEUM CORP PDVSAC.UL CITGO REPORTS PLANNED MAINTENANCE AT ITS CORPUS CHRISTI, WEST PLANT, TEXAS MAKING FLARING NECESSARYSOURCE: COMMUNITY ALERTREFINERY CAPACITY: 165,000 BARRELS PER DAY ((Reuters.briefs@thomsonreuters.com))Reuters
Wed, Jan 15
Europe Gasoline/Naphtha-Gasoline margins drop after large US stocks build
LONDON, Jan 15 (Reuters) - Northwest European gasoline refining profit margins dropped by over $1.50 to $4.25 a barrel on Wednesday after data showed a large build in U.S. inventories while demand weakened.About 6,000 metric tons of Eurobob E5 barges traded in the Argus window. Shell sold to Gunvor ...Reuters
Wed, Jan 15
Trump to end need for some LNG export permit renewals, sources say
HOUSTON, Jan 15 (Reuters) - President elect Donald Trump plans to abolish the requirement for some producers of liquefied natural gas (LNG) to seek export permit renewals when he takes offices, according to two sources with knowledge of the plan.Several companies have permits to export to countries...Reuters
Wed, Jan 15
CORRECTED-Chevron says no commercial oil, gas found at Namibia exploration well
Corrects first paragraph to say Chevron said on Wednesday, not TuesdayJan 15 (Reuters) - Chevron CVX.N said on Wednesday it did not find commercial hydrocarbon reserves in an exploration well in Namibia's Orange Basin. The U.S. oil producer said the well provided valuable information about the basin...Reuters
Wed, Jan 15
EU wheat slips further on demand doubts
PARIS, Jan 15 (Reuters) - Euronext wheat fell for a second straight session on Wednesday as traders remained focused on sluggish export demand for EU supplies.Benchmark March milling wheat BL2H5 on the Paris-based Euronext settled down 1.3% at 228.25 euros ($234.89) per metric ton. A downside chart ...Reuters
Wed, Jan 15
