News
Important Only
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
17 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
27 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
27 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
30 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
32 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
48 minutes 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
51 minutes 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
an hour 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
an hour 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
an hour 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
SOFTS-Arabica coffee hits four-month high, sugar and cocoa ease
NEW YORK, Sept 12 (Reuters) - Arabica coffee futures on ICE rose to a four-month high on Friday boosted by tight supplies in the U.S. following the imposition of a 50% tariff on shipments from Brazil. COFFEE* Arabica coffee KCc2 settled up 10.75 cents, or 2.8%, at $3.9685 per lb af...Reuters
2 hours ago
Union Pacific CEO says he had talks with Trump on $85 billion plan to buy Norfolk
By Sabrina Valle NEW YORK, Sept 12 (Reuters) - Union Pacific Corp UNP.N CEO Jim Vena met with U.S. President Donald Trump in the Oval Office to discuss the railroad's proposed $85 billion buyout of Norfolk Southern Corp NSC.N, the company said on Friday, as it awaits regulatory approval for w...Reuters
2 hours ago
Neil Young hit with trademark lawsuit over band name Chrome Hearts
Fashion brand Chrome Hearts filed suit in Los AngelesIt seeks money damages and order blocking use of name By Blake BrittainSept 12 (Reuters) - Rock legend Neil Young and his latest band the Chrome Hearts have been sued for trademark infringement by Los Angeles luxury fashion brand Chrome Hearts.The...Reuters
3 hours ago
US Cash Grains-Soy crusher basis mostly steady-weaker
Sept 12 (Reuters) - Basis bids for soybeans were mostly steady to weaker among U.S. Midwest soybean processors on Friday, easing at several Indiana crushing sites, while corn basis bids were steady to firmer, spot checks showed.The soybean basis fell by a nickel per bushel at crushing plants in Lafa...Reuters
3 hours ago
