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GRAINS-Chicago soybeans extend rally on China buying hopes
BEIJING, Feb 13 (Reuters) - Chicago soybean futures rose on Friday, reaching a two-and-a-half-month high as hopes for continued demand from top global soy buyer China for U.S. supplies supported prices. Wheat dropped, and corn edged higher. The most-active soybean contract on the Chicago Board o...Reuters
52 minutes ago
TECHNICALS-US oil may retest support at $62.52
For more technical analyses, click SINGAPORE, Feb 13 (Reuters) - U.S. oil CLc1 may retest support at $62.52 per barrel; a break below that level could trigger a fall to $61.73.A wave c from $65.85 demonstrates a strong momentum, as symbolized by the sharp fall on Thursday. It might be as steep as th...Reuters
2 hours ago
GRAINS-Chicago soybeans extend rally on China buying hopes
BEIJING, Feb 13 (Reuters) - Chicago soybean futures edged higher on Friday after reaching a more than two-month high as hopes for continued demand from top global soy buyer China for U.S. supplies supported prices. Wheat dropped, and corn remained unchanged. FUNDAMENTALS The most-active soyb...Reuters
2 hours ago
Oil set for weekly drop as Iran risks recede, oversupply concerns
BEIJING, Feb 13 (Reuters) - Oil prices were little changed on Friday after falling in the previous session, and are set for their second weekly decline, on receding concerns of an Iranian conflict that could affect supply and on forecasts supply will exceed demand this year.Brent crude oil futures w...Reuters
2 hours ago
WTI remains below $63.00 due to oversupply concerns
West Texas Intermediate (WTI) Oil price trades largely unchanged around $62.80 per barrel during the Asian session on Friday, after dropping more than 3% in the previous session. Crude Oil prices remain under pressure amid ongoing concerns about oversupply.
Fxstreet
3 hours ago
LIVESTOCK-Hog futures extend retreat from recent highs; cattle end lower
By Julie Ingwersen CHICAGO, Feb 12 (Reuters) - Lean hog futures on the Chicago Mercantile Exchange fell sharply on Thursday, with the benchmark April contract LHJ26 extending its retreat for a sixth consecutive session after posting a life-of-contract high last week.CME April hogs LHJ26 settled d...Reuters
3 hours ago
Vale posts $3.8 billion loss on nickel impairment; analysts welcome core profit
SAO PAULO/RIO DE JANEIRO, Feb 12 (Reuters) - Miner Vale VALE3.SA on Thursday reported that its fourth-quarter net loss widened year-on-year, citing an impairment of nickel assets in Canada, yet analysts welcomed a core profit above expectations, projecting a positive share reaction. Rio de Ja...Reuters
3 hours ago
Venezuela's PDVSA offers expanded oil areas to joint venture partners, sources say
Talks include U.S. Chevron, Spain's Repsol and France's Maurel & PromNegotiations are expected to be completed in six monthsMost areas on offer are near oilfields partners currently participate inBy Marianna Parraga and Sheila DangHOUSTON/CARACAS, Feb 12 (Reuters) - Venezuela's state...Reuters
3 hours ago
US Cash Crude-Grades little changed as WTI/Brent spread stays wide
HOUSTON, Feb 12 (Reuters) - Coastal grades firmed on Thursday, dealers said, as the WTI/Brent spread stayed wide.The spread between WTI and Brent traded as wide as minus $4.94 during the session. A spread larger than minus $4 typically encourages export demand, driving prices higher. World oil deman...Reuters
5 hours ago
US publishes interim tax credit rules meant to restrict China clean energy influence
Feb 12 (Reuters) - The U.S. Treasury Department on Thursday unveiled interim rules for enforcing provisions in President Donald Trump's new tax law that restrict companies from claiming federal clean energy subsidies if they are overly reliant on Chinese-made equipment.The guidance, which applie...Reuters
5 hours ago
PJM to extend capacity auction price cap for two years, Pennsylvania governor says
Feb 12 (Reuters) - Grid operator PJM Interconnection has agreed to extend a price cap on its capacity auctions for another two years following legal action by the state, Pennsylvania Governor Josh Shapiro said in a post on X on Thursday.Shapiro said the move is expected to save 67 million Americans ...Reuters
5 hours ago
US-led oil sales from Venezuela to bring in $5 billion in months, energy chief Wright tells NBC News
US to control Venezuelan oil sales until representative government establishedExxon Mobil cautious about investing in Venezuela, gathering dataWright visits Venezuela, meets Interim President Rodriguez, tours Chevron facilitiesBy Timothy Gardner and Sheila Dang Feb 12 (Reuters) - Oil sales from V...Reuters
5 hours ago
Trump revokes basis of US climate regulation, ends vehicle emission standards
Trump repeals finding that greenhouse gas emissions endanger human healthEnds federal greenhouse gas emission standards for vehiclesIt is most weeping climate change policy rollback by the administration to dateBy Valerie Volcovici and David Shepardson WASHINGTON, Feb 12 (Reuters) - The administr...Reuters
5 hours ago
GRAINS-Soybeans extend gains on China demand optimism; wheat up nearly 3%
Soybeans climb on signs of thawing US relations with ChinaSoy export hopes offset rising estimates of South American cropsWheat climbs on bargain-buying, short coveringCorn follows firm trend; weekly export sales top expectationsBy Julie Ingwersen CHICAGO, Feb 12 (Reuters) - Chicago soybean futur...Reuters
5 hours ago
Air Canada expects 2026 core profit slightly above estimates on international demand
By Shivansh Tiwary and Abhinav Parmar Feb 12 (Reuters) - Air Canada AC.TO forecast 2026 core profit marginally above Wall Street estimates on Thursday, betting on strong demand on international routes outside the U.S. and a surge in premium travel.Even as domestic demand shows signs of cooling, i...Reuters
5 hours ago
Gold falls to near $4,900 as selling pressure intensifies
Gold price (XAU/USD) faces some selling pressure around $4,910 during the early Asian session on Friday. The yellow metal tumbles over 3.50% on the day, with algorithmic traders appearing to amplify the precious metal’s sudden drop.
Fxstreet
5 hours ago
CANADA-CRUDE-Discount on Western Canada Select steady
Feb 12 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 was steady on Thursday.WCS for March delivery in Hardisty, Alberta, settled at $15.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, steady on W...Reuters
5 hours ago
CIF/FOB Gulf Grain-Soybean barge bids firm on China buying hopes, corn flat-lower
CHICAGO, Feb 12 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were firmer on Thursday on expectations that top importer China would increase U.S. purchases later in the season despite ample supplies available from Brazil, traders said.CIF corn basis bids were flat...Reuters
6 hours ago
