News
Important Only
CIF/FOB Gulf Grain-Corn, soy basis flat-lower on weaker barge freight, firm futures
CHICAGO, March 3 (Reuters) - Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast terminals were flat to weaker on Tuesday on higher futures prices and easing freight costs, grain merchants said.Spot barge freight rates on Midwest rivers declined on the Illinois River and the Mississ...Reuters
16 minutes ago
Facebook down for thousands of users in the US, Downdetector shows
March 3 (Reuters) - Meta Platforms' META.O Facebook was down for thousands of users in the U.S. on Tuesday, according to Downdetector.com.There were more than 10,600 reports of issues with the social media platform as of 05:37 p.m. ET, according to Downdetector, which tracks outages by collating...Reuters
30 minutes ago
Brazil court blocks Equinox Gold mineral rights transfer to CMOC
BRASILIA, March 3 (Reuters) - A Brazilian court on Tuesday blocked Canadian firm Equinox Gold EQX.TO from transferring mineral rights for gold mines it sold in the Latin American country to Chinese metals miner and processor CMOC Group 603993.SS, according to a court decision.Equinox Gold concluded ...Reuters
32 minutes ago
Facebook down for thousands of users in the US, Downdetector shows
March 3 (Reuters) - Meta Platforms' META.O Facebook was down for thousands of users in the U.S. on Tuesday, according to Downdetector.com.There were more than 11,500 reports of issues with the social media platform as of 05:33 p.m. ET, according to Downdetector, which tracks outages by collating...Reuters
36 minutes ago
Trump orders oil tanker insurance support, says Navy could escort ships in Gulf
Trump aims to stabilize oil markets amid Middle East conflictRising war-risk premiums affect shipping and insurance costsHigher oil prices could impact Republican midterm election prospectsBy Jarrett Renshaw and Timothy Gardner WASHINGTON, March 3 (Reuters) - The U.S. Navy could begin escorti...Reuters
an hour ago
CANADA-CRUDE-Discount on Western Canada Select narrows again as Iran war restricts Middle East supplies
March 3 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 narrowed again on Tuesday as the U.S.-Israeli war on Iran continues to tighten global sour spreads.WCS for April delivery in Hardisty, Alberta, settled at $12.40 a bar...Reuters
an hour ago
LIVESTOCK-CME cattle mixed, supported by higher beef prices
By Heather SchlitzCHICAGO, March 3 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures were mixed on Tuesday on support from strengthening boxed beef prices amid quiet cash trade, analysts said.CME April live cattle futures LCJ26 closed 1.025 cents higher to 234.125 cents per poun...Reuters
an hour ago
Oil prices jump nearly 5%, settle at highest since January 2025 on Middle East conflict
Middle East conflict disrupts oil, gas shipmentsIraq cuts oil output by 1.5 million bpd, may double thatIndia, Indonesia seek alternative energy suppliesAPI data shows U.S. crude stocks rose last week, beats estimatesBy Siddharth Cavale and Scott DiSavino NEW YORK, March 3 (Reuters) - Oil prices ...Reuters
an hour ago
Trump, Rubio offer conflicting reasons for US entry into Iran war
Trump claims Iran was about to strike first, contradicting RubioConservatives criticize U.S. involvement in Iran warWhite House in damage control over conflicting war rationalesBy Nandita Bose, Steve Holland and Nathan Layne WASHINGTON, March 3 (Reuters) - President Donald Trump said on Tuesday h...Reuters
an hour ago
Brazil court blocks Equinox Gold mineral rights transfer to CMOC
BRASILIA, March 3 (Reuters) - A Brazilian court blocked on Tuesday Canadian firm Equinox Gold EQX.TO from transferring mineral rights for gold mines it sold in the Latin American country to Chinese metals miner and processor CMOC Group 603993.SS, according to a court decision.Equinox Gold concluded ...Reuters
an hour ago
US Cash Crude-Mars hits 5-year high as Iran war disrupts global supplies
HOUSTON, March 3 (Reuters) - Flagship U.S. offshore crude Mars Sour traded at its highest since May 2020 on Tuesday, dealers said, as war in Iran threatened global supplies of heavy, sour grades. Mars Sour jumped 75 cents to a midpoint of a $3.75 premium to U.S. crude futures on Tuesday. Traders sai...Reuters
an hour ago
Chemical plant upset triggers flaring at Motiva, Texas complex, sources say
HOUSTON, March 3 (Reuters) - A malfunction at the chemical plant triggered flaring at the Motiva Enterprises Port Arthur, Texas petrochemical complex on Tuesday, said people familiar with plant operations. The company filed a notice telling nearby residents flaring might be required by operations at...Reuters
an hour ago
WRAPUP 9-Middle East conflict widens as Israeli, US strikes again hit Iran; oil soars, shares slide
US shuts embassies in Saudi Arabia, Kuwait and LebanonSource says Israel planned two-week campaign but moving fasterMarkets tumble as Middle East energy is disruptedBy Parisa Hafezi and Alexander Cornwell DUBAI/TEL AVIV, March 3 (Reuters) - Israeli and U.S. forces pounded targets across Iran on T...Reuters
an hour ago
RPT-No easy way out for tens of thousands looking to leave Gulf amid Iran conflict
War in the Middle East rages from Beirut to TehranEvacuations in the Gulf organized by several governmentsAirspace closures across Gulf limit options to leave regionOman and Saudi Arabia offer alternative travel routesBy Federico Maccioni, Lucy Craymer and Rachna Uppal DUBAI, March 3 (Reuters) - ...Reuters
2 hours ago
Venezuela's oil exports fell in February with loss of China, larger cargoes ahead
More cargoes to US, Europe did not offset export fall to AsiaSupertankers heading to Venezuela could accelerate March exportsCrude output rose to 1.05 million bpd in early MarchOil inventories remained high at end of February By Marianna Parraga March 3 (Reuters) - Venezuela's oil exports fel...Reuters
2 hours ago
GRAINS-Wheat dips on rising dollar; soybeans higher amid Iran conflict
Wheat lower on higher dollarSoybeans seesaw as Iran conflict adds volatilityCorn chopped up and down in technical tradeBy Heather Schlitz CHICAGO, March 3 (Reuters) - Chicago Board of Trade wheat futures ticked lower on Tuesday, under pressure from a higher dollar and the end of a short-covering ...Reuters
2 hours ago
Saudi Arabia tries to divert oil to Red Sea amid Iran war, faces reluctant shippers
Aramco instructs some buyers to load at Red Sea port of Yanbu to avoid HormuzTanker rates at Yanbu more than double, some shippers prefer to avoid Middle EastEast-West pipeline capacity limited, potential target for attacks, analysts sayGlobal oil prices rise amid attacks by and on IranUAE also has ...Reuters
2 hours ago
CBOT corn ticks higher on export demand
CHICAGO, March 3 (Reuters) - Chicago Board of Trade corn futures spent the session chopping up and down but ended higher on Tuesday.Gains in energy and soy prices helped boost corn futures, traders said.U.S. corn export demand also remains solid.The U.S. Department of Agriculture reported that expor...Reuters
2 hours ago
CBOT soybeans settle higher on Iran conflict
CHICAGO, March 3 (Reuters) - Chicago Board of Trade soybean futures spent the session seesawing but settled higher on Tuesday under support from gains in the crude oil market amid the ongoing war in the Middle East. Crude oil prices rose for a third session as the U.S.-Israeli conflict with Iran wid...Reuters
2 hours ago
