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CIF/FOB Gulf Grain-Corn, soy basis flat-lower on easing barge freight, higher futures
CHICAGO, March 5 (Reuters) - Basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals were flat to weaker on Thursday on higher futures prices and easing river freight costs, traders said.Farmer sales of corn and soybeans to barge-loading river elevators have increased this wee...Reuters
3 minutes ago
Oil settles up around 5% on supply concerns as Iran conflict widens
US-Israeli conflict with Iran disrupts oil supplies, shippingIraq cuts output by 1.5 million bpd due to storage, export issuesAttacks on oil tankers in Gulf, Chinese fuel export cuts push prices higherBy Georgina McCartney HOUSTON, March 5 (Reuters) - Oil prices rallied on Thursday on growing dis...Reuters
16 minutes ago
CANADA-CRUDE-Discount on Western Canada Select narrows
March 5 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 narrowed on Thursday.WCS for April delivery in Hardisty, Alberta, settled at $12.20 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared wit...Reuters
20 minutes ago
South Bow moves to revive parts of Keystone XL with binding shipper commitments
March 5 (Reuters) - Canadian pipeline operator South Bow SOBO.TO said on Thursday it has launched a formal open season seeking binding long-term shipping commitments for a revival of part of the Keystone XL oil pipeline, a move that could boost Canada's crude exports to the United States by more...Reuters
22 minutes ago
Peru suspends gas exports after pipeline rupture sparks energy crisis
By Marco Aquino LIMA, March 5 (Reuters) - Peru suspended natural gas exports as it grapples with its worst energy crisis in two decades following a pipeline rupture at the country's largest gas field, Energy and Mines Minister Angelo Alfaro said on Thursday.The halt follows a leak reported Su...Reuters
23 minutes ago
Costco Wholesale beats holiday-quarter comparable sales estimates on resilient demand
By Juveria Tabassum and Sanskriti Shekhar March 5 (Reuters) - Costco Wholesale COST.O beat Wall Street estimates for second-quarter comparable sales on Thursday, helped by resilient holiday-season demand for affordable essentials as well as "nice-to-have" items at its membership-only sto...Reuters
30 minutes ago
Canadian methanol supplier Methanex posts Q4 loss due to impairment expense
OverviewMethanol producer's Q4 revenue roseAdjusted EBITDA missed analyst expectationsNet loss driven by non-cash impairment expense related to New Zealand operationsOutlookMethanex expects 2026 production of 9.0 mln tonnes of methanolCompany anticipates 2026 ammonia production of 0.3 mln tonnes...Reuters
38 minutes ago
South Bow launches open season for partial Keystone XL revival
March 5 (Reuters) - Canadian pipeline operator South Bow SOBO.TO said on Thursday it has launched a formal open season to solicit binding long-term transportation commitments to revive parts of the Keystone XL line from Hardisty, Alberta, to U.S. delivery points.The open season runs until March 30, ...Reuters
41 minutes ago
US tentatively approves budget carrier Wizz Air's request to operate UK-US flights
WASHINGTON, March 5 (Reuters) - The U.S. Transportation Department on Thursday granted tentative approval for budget carrier Wizz Air WIZZ.L to operate flights between the UK and the United States.The airline's UK subsidiary petitioned in January for a foreign air carrier permit to operate fligh...Reuters
42 minutes ago
Oilfield in Iraqi Kurdistan halts production after drone strike, sources say
March 5 (Reuters) - A drone attack struck an oilfield operated by U.S. firm HKN Energy in Iraq’s Kurdistan region on Thursday, causing a fire and halting production, security sources and an oilfield engineer said.The Sarsang field produces about 30,000 barrels of oil per day and is operated by HKN E...Reuters
48 minutes ago
Syria opens Mediterranean-Aleppo air corridor that could help ease regional snarl
By Feras DalateyDAMASCUS, March 5 (Reuters) - Syria has opened a newly reactivated air corridor from the northern city of Aleppo toward the Mediterranean Sea for use by foreign airlines as well as its national carrier, the head of the country’s Civil Aviation Authority told Reuters on Thursday, as a...Reuters
58 minutes ago
LIVESTOCK-CME cattle end mixed in choppy trading
By Heather Schlitz CHICAGO, March 5 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures were mixed on Thursday after spending the day seesawing as tight supply of cattle and high beef prices supported prices, though weak cash cattle prices and concerns over beef demand weighed ...Reuters
an hour ago
US weighs oil futures market action to combat rising energy prices, WH official says
By Jarrett Renshaw March 5 (Reuters) - The U.S. Treasury Department is expected to announce measures as soon as Thursday aimed at combating rising energy prices, including potential action involving the oil futures market, a senior White House official said.The potential move would mark an unusua...Reuters
an hour ago
US Cash Grains-Soy basis bids slip at some Midwest processors
CHICAGO, March 5 (Reuters) - Basis bids were lower for soybeans at some processing facilities in the U.S. Midwest on Thursday following recent sales by farmers, dealers said.Bids were largely steady to higher for corn at grain elevators and processors.Soy basis bids eased at processors in Decatur, I...Reuters
an hour ago
CME cuts Gold and Silver margins
March 5 (Reuters) - CME Group CME.O on Thursday cut the initial margin on its COMEX 100 gold futures 0#GC: to 7% from 9% and lowered the initial margin on its COMEX 5,000 silver futures to 14% from 18%."The rates will be effective after the close of business on March 06, 2026,"...Reuters
2 hours ago
Costco Wholesale beats quarterly comparable sales estimates
March 5 (Reuters) - Costco Wholesale COST.O beat Wall Street estimates for second-quarter comparable sales on Thursday, helped by resilient holiday-season demand for affordable essentials as well as "nice-to-have" items at its membership-only stores.The company's quarterly same-store sal...Reuters
2 hours ago
Amazon down for thousands of users in US, Downdetector shows
March 5 (Reuters) - E-commerce website Amazon AMZN.O was down for thousands of users in the U.S. on Thursday, according to Downdetector.com.There were more than 21,700 reports of issues with the website as of 3:48 p.m. ET, according to Downdetector, which tracks outages by collating status reports f...Reuters
2 hours ago
Farmers see fertiliser price surge as Iran war blocks exports, threatening losses
Gulf war disrupts fertiliser supplies, shipping routesFarmers around world see prices rise just before planting seasonUrea prices jump as global fertiliser supply tightensWeeks-long shutdown would prevent supplies reaching farmers for springBy Naveen Thukral and Ed White SINGAPORE/WINNIPEG, March...Reuters
2 hours ago
WRAPUP 7-Trump wants say on Iran's next leader as war intensifies
Trump says he wants to be involved in choosing Iran's next leaderU.S. encourages Iranian Kurdish offensiveIsraeli military says 60% of Iranian ballistic missile launchers have been knocked outIsrael to target underground missile sites in second phase of strikesAzerbaijan latest country drawn in ...Reuters
2 hours ago
