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CANADA-CRUDE-Discount on Western Canada Select narrows
Sept 12 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 narrowed on Friday.WCS for October delivery in Hardisty, Alberta, settled at $11.10 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.20 a...Reuters
2 minutes ago
WRAPUP 8-NATO to beef up defence of Europe's eastern flank after Poland shot down drones
LATEST DEVELOPMENTSUS joins allies in statement of concern about incursionPoland hopes US will take action to show solidarity NATO is still assessing the intent behind the drone attack, Secretary General Mark Rutte saysNATO's top commander says 'Eastern Sentry' will bolster defences alon...Reuters
11 minutes ago
US Cash Crude-Mars firms as WTI/Brent widens to its most in over four months
Sept 12 (Reuters) - Mars gained on Friday, dealers said, as the spread between West Texas Intermediate and Brent widened to its most in four and a half months. WTI Midland and WTI at East Houston, also known as MEH, were flat, while Mars gained 35 cents.The spread between Brent and U.S. WTI crude wi...Reuters
13 minutes ago
G7 finance ministers discuss possible sanctions, tariffs on supporters of Russia's war
OTTAWA, Sept 12 (Reuters) - The Group of Seven nations' finance ministers, in a meeting on Friday, discussed possibly imposing sanctions and trade measures such as tariffs on countries that they consider to be "enabling" Russia's war in Ukraine, according to a statement released by t...Reuters
16 minutes ago
CIF/FOB Gulf Grain-Soybean barge basis bids firm, corn bids steady-lower
CHICAGO, Sept 12 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were steady to slightly higher on Friday, while corn was steady to lower, traders said.Low interior river levels, elevated empty barge freight rates, tighter-than-expected supplies in interior markets ...Reuters
36 minutes ago
Union Pacific CEO held talks with Trump on $85 billion plan to buy Norfolk
Trump administration thinks merger "is an absolute win-win for the country," CEO saysUnion Pacific sought administration input before the proposal, sources saySignals of regulatory support pressures rivals BNSF, CSXBy Sabrina Valle and David Shepardson NEW YORK/WASHINGTON, Sept 12 (Reuter...Reuters
46 minutes ago
US asks federal court to cancel permit for Maryland offshore wind farm
Sept 12 (Reuters) - The Trump administration has asked a federal judge to cancel the Interior Department's 2024 approval of a wind farm off the coast of Maryland, according to court documents filed on Friday.In the motion, attorneys for the agency said Interior's Bureau of Ocean Energy Manag...Reuters
46 minutes ago
ICE canola futures follow soyoil higher, end week up
WINNIPEG, Manitoba, Sept 12 (Reuters) - ICE canola futures rose on Friday and for the week, following Chicago soyoil.• U.S. Department of Agriculture reports on Friday were seen as neutral for crop supplies, with little to change trader expectations. • November canola RSX5 settled up $8.00 at $639.7...Reuters
49 minutes ago
USDA projects record US corn crop, most harvested acres since 1933
US corn supplies expected to swell 59% to 7-year highUS corn exports also seen reaching record levelsFarmers brace for low corn prices even as costs surgeBy Karl Plume CHICAGO, Sept 12 (Reuters) - U.S. farmers will reap a record corn crop this autumn, eclipsing the previous record set two yea...Reuters
51 minutes ago
Corteva explores breaking up into two separate companies, WSJ reports
Sept 12 (Reuters) - Agriculture company Corteva CTVA.N is exploring a breakup that would separate its seed and pesticide businesses into two separate companies, the Wall Street Journal reported on Friday, citing people familiar with the matter.The company, with a market capitalization of nearly $50 ...Reuters
an hour ago
CBOT soybeans tick up following USDA report
CHICAGO, Sept 12 (Reuters) - Chicago Board of Trade soybean futures increased on Friday after the U.S. Department of Agriculture delivered a bearish, but unsurprising, monthly crop report.The USDA projected U.S. yield at a slightly higher-than-expected 53.5 bushels per acre, compared with 53.6 bushe...Reuters
an hour ago
TABLE-Mexico's Pemex sets October Maya price for international buyers
Sept 12 - Mexican state oil company Pemex revised its October term pricing formulas for crude shipped to customers in the Americas, Europe and Asia, the company's trading arm said on Friday.The following table lists adjustments to price constants for Pemex's flagship Maya heavy crude oil, as...Reuters
an hour ago
US EPA proposes end to mandatory greenhouse gas reporting
WASHINGTON, Sept 12 (Reuters) - The U.S. Environmental Protection Agency proposed on Friday a rule to end a mandatory program requiring 8,000 facilities to report their greenhouse gas emissions - an effort the agency said was burdensome to business, but which leaves the public without transparency a...Reuters
an hour ago
Oil gains weighed down by US demand worries
Traders continue to worry over bearish US economic dataUkrainian drones strike Russia's largest oil terminal Prices supported by Chinese buying and war risksBrent and WTI benchmarks fell sharply in previous sessionBy Erwin Seba Sept 12 (Reuters) - Oil prices rose on Friday after a Ukrainian d...Reuters
2 hours ago
US asks federal court to cancel permit for Maryland offshore wind farm
Sept 12 (Reuters) - The Trump administration has asked a federal judge to withdraw the Interior Department's 2024 approval of a wind farm off the coast of Maryland, according to court documents filed on Friday.The action is the latest in a series of moves the administration has made to stymie de...Reuters
2 hours ago
CBOT wheat higher on spillover support from corn
CHICAGO, Sept 12 (Reuters) - Chicago Board of Trade wheat futures rose on Friday under spillover support from higher corn prices, analysts said.Large global supplies of the grain have continued to hang over the market.The U.S. Department of Agriculture in a monthly supply and demand report lowered i...Reuters
2 hours ago
GRAINS-Soybeans, corn jump after USDA's monthly crop report
Corn and soy tick higher as traders digest USDA reportWheat receives spillover support from cornBy Heather Schlitz CHICAGO, Sept 12 (Reuters) - Chicago soybean and corn futures rose on Friday after the U.S. Department of Agriculture delivered a bearish, but unsurprising, monthly crop report. U.S....Reuters
2 hours ago
US natgas prices hold near two-week low as warmer forecasts offset decline in LNG export flows
Waha Hub prices plummet due to pipeline constraints in Permian basinLower LNG export flows offset warmer weather demandLSEG reports decrease in US gas outputBy Scott DiSavino Sept 12 (Reuters) - U.S. natural gas futures held near a two-week low on Friday as a decline in flows to liquefied natural...Reuters
2 hours ago
USDA says US soybean sale to China reported this week occurred in January
By Karl Plume CHICAGO, Sept 12 (Reuters) - A U.S. soybean export sale to China that was included in weekly U.S. Department of Agriculture data on Thursday reflected an export transaction that occurred in January, the USDA confirmed to Reuters in an email on Friday.The USDA had included a 67,849-m...Reuters
2 hours ago
CBOT corn higher after USDA crop report
CHICAGO, Sept 12 (Reuters) - Chicago Board of Trade corn futures rose on Friday after the U.S. Department of Agriculture delivered a bearish, but unsurprising, monthly crop report. U.S. farmers will harvest the most acres of corn since 1933 and produce more of the grain than previously expected, eve...Reuters
2 hours ago
