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US Cash Grains-Soybean and corn bids steady in quiet trade
CHICAGO, Dec 10 (Reuters) - Spot soybean and corn basis bids were mostly steady in the U.S. Midwest on Wednesday as trade remained mostly quiet, dealers reported. The U.S. Department of Agriculture left its U.S. soybean export forecast unchanged in a monthly report on Tuesday as sales resumed to Chi...Reuters
17 minutes ago
Ukraine disables 'shadow fleet' vessel with sea drones in Black Sea
Tanker is third struck by Ukrainian sea drones in last two weeks Ukraine trying to reduce Russian oil revenue fuelling war effortRussia has threatened to retaliate, calls attacks piracy By Tom Balmforth and Jonathan SaulLONDON, Dec 10 (Reuters) - Ukrainian sea drones on Wednesday hit and disabled a ...Reuters
36 minutes ago
Ford suppliers receive China's new streamlined rare-earth licences
China issues rare-earth licences to Ford suppliersNew system stems from Xi-Trump meetingGerman automakers excluded in first issuanceBy Lewis Jackson and Nora Eckert Dec 10 - Chinese rare-earth magnet suppliers to U.S. automaker Ford Motor F.N were included in the first batch of new export licence...Reuters
48 minutes ago
US Plains HRW Wheat-Basis bids unchanged in muted trade
CHICAGO, Dec 10 (Reuters) - Spot basis bids for hard red winter wheat were unchanged in the U.S. Plains states on Wednesday as selling remained slow.There are some winterkill risks in parts of the U.S. Midwest, but snow cover in most areas has been sufficient. The U.S. wheat crop is in dormancy.Chic...Reuters
50 minutes ago
WTI steadies ahead of Fed decision after EIA reports 1.8M barrel draw
West Texas Intermediate (WTI) Crude Oil steadies on Wednesday, trimming part of its earlier losses as traders react to the latest US Energy Information Administration (EIA) report. At the time of writing, WTI is trading around $58.00, rebounding after hitting an intraday low of $57.54.
Fxstreet
an hour ago
Europe Gasoline/Naphtha-Gasoline crack spreads widen
LONDON, Dec 10 (Reuters) - Northwest European gasoline refinery profit margins rose by 79 cents to $15.76 a barrel on Wednesday, as U.S. inventories rose last week according to data from the Energy Information Administration (EIA). About 6,000 metric tons of Eurobob E5 gasoline traded on barges on W...Reuters
an hour ago
Judge rejects US bid to toss California high-speed rail lawsuit
WASHINGTON, Dec 10 - A U.S. judge Wednesday rejected the Justice Department's bid to toss out a lawsuit filed by California to challenge the move by President Donald Trump's administration to cancel more than $4 billion in federal grants for the state's high-speed rail project. The Calif...Reuters
an hour ago
US Cash Grains-Corn, soy bids mixed in quiet trade
CHICAGO, Dec 10 (Reuters) - Spot basis bids for corn and soybeans were mixed in the U.S. Midwest on Wednesday as trade was relatively quiet, dealers reported.Despite the slow pace of Chinese purchases, the USDA left its U.S. export forecast unchanged on Tuesday.The USDA reported on Wednesday morning...Reuters
an hour ago
BP, Chevron are top bidders at first Trump Gulf of Mexico oil and gas auction
Dec 10 (Reuters) - BP BP.L, Chevron CVX.N and Shell SHEL.L were among the top bidders on Wednesday at the U.S. government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023.The auction, which ended with $279.4 million in high bids, was the first of 30 mandated by U.S. P...Reuters
an hour ago
Trump administration allows six more states to restrict food stamp purchases
18 states now have food stamp purchase restrictionsRestrictions include barring soda, candy, energy drinksUSDA to allocate $700 million on regenerative agriculture WASHINGTON, Dec 10 (Reuters) - U.S. Agriculture Secretary Brooke Rollins said on Wednesday that she has granted waivers to six a...Reuters
2 hours ago
Venezuela forced to double discount on oil to Asia due to flood of sanctioned crude
With prices low, PDVSA tries to keep export volumes highVenezuela crude's discount below Brent about double year-ago levelLow prices press Maduro, who relies on oil revenue for subsidiesBy Marianna Parraga and Chen Aizhu HOUSTON/SINGAPORE, Dec 10 (Reuters) - Oil buyers in Asia are demanding d...Reuters
2 hours ago
Energy Transfer says Lake Charles LNG investment nod expected in early 2026
By Sheila DangHOUSTON, Dec 10 (Reuters) - U.S. pipeline operator Energy Transfer ET.N has secured enough agreements to sell liquefied natural gas to make a final investment decision on its Lake Charles LNG project early next year, an executive said on Wednesday at the Reuters Energy Live conference ...Reuters
2 hours ago
Gold slips as markets brace for Fed’s decision, Powell’s presser
Gold (XAU/USD) posts modest losses on Wednesday with traders bracing for the Federal Reserve’s (Fed) monetary policy decision, along with Fed Chair Jerome Powell's press conference. At the time of writing, XAU/USD trades at $4,197 after reaching a daily peak of $4,218.
Fxstreet
2 hours ago
EU wheat eases on supply glut, rapeseed recovers on German biofuel plan
PARIS, Dec 10 (Reuters) - Euronext wheat futures edged down for a second session on Tuesday after U.S. government forecasts underlined swelling global wheat supply, while rapeseed came off a seven-week low as proposed changes to Germany's biofuel legislation raised the prospect of additional dem...Reuters
2 hours ago
MSC, BlackRock's bid for Hutchison's Barcelona terminal may push up prices, EU says
By Foo Yun Chee BRUSSELS, Dec 10 (Reuters) - BlackRock BLK.N and MSC's bid for CK Hutchison's 0001.HK terminal at Barcelona port could lead to higher prices or reduce the quality of container terminal services, EU antitrust regulators warned on Wednesday, as they opened a full-scale inves...Reuters
2 hours ago
EU to fast-track power grid projects in race to lower energy prices
High energy costs make Europe uncompetitive, industries sayEU to cut permit times and environmental checks for projectsAims for rapid upgrade of ageing energy networksStrengthens checks on cybersecurity and foreign ownership By Kate Abnett BRUSSELS, Dec 10 (Reuters) - The European Union is set to...Reuters
2 hours ago
Oil drops as US reports smaller than expected fall in crude stocks
US crude inventories fell less than expected last week - EIAMarket seeks cues from peace talks and Fed rate decisionFed expected to cut interest rates by 25 bps on WednesdayRussian oil supply risks offset oversupply concerns By Shariq Khan and Shadia Nasralla NEW YORK, Dec 10 (Reuters) - Oil pric...Reuters
2 hours ago
CORRECTED-EU regulators to investigate MSC, BlackRock's bid for Hutchison's Barcelona terminal
BRUSSELS, Dec 10 (Reuters) - EU antitrust regulators opened on Wednesday a full-scale investigation into BlackRock BLK.N and MSC's bid for CK Hutchison's 0001.HK terminal at Barcelona port, saying the deal could lead to higher prices or reduce the quality of container terminal services.The E...Reuters
3 hours ago
Homeland Security to buy Boeing 737s for deportations, Washington Post reports
Dec 10 (Reuters) - The Department of Homeland Security plans to spend close to $140 million to buy a fleet of Boeing 737s to use for deportations, The Washington Post reported on Wednesday, citing two officials familiar with the contract and records it had reviewed.Reuters
3 hours ago
US East Coast refinery utilization rises to highest since Jan 2023, EIA says
HOUSTON, Dec 10 (Reuters) - U.S East Coast refinery utilization rose last week to 95.1 percent, its highest since January 2023, data from the Energy Information Administration (EIA) showed on Wednesday. The weekly data from the U.S. EIA was delayed for a second week in a row, and published nearly 2 ...Reuters
3 hours ago
