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GRAINS-Soybeans hit 21-month high on rising crude oil, corn and wheat also higher
Crude oil rise supports soybean, wheat, and corn pricesConcerns about high crop input costs support grainsIranian attacks heighten fears of prolonged conflictBy Karl Plume CHICAGO, March 12 (Reuters) - U.S. soybean futures climbed on Thursday to the highest point since mid-2024 on speculative and...Reuters
8 minutes ago
US natgas futures hit four-week high as Iran conflict drives global energy prices higher
EIA reports smaller-than-expected gas storage withdrawalWaha Hub prices negative for record 25 days due to pipeline constraintsUS gas demand forecast to rise next week amid cooler weatherBy Scott DiSavino NEW YORK, March 12 (Reuters) - U.S. natural gas futures edged up to a fresh four-week high o...Reuters
11 minutes ago
IAEA director discusses non-proliferation with head of Russia's Rosatom
MOSCOW, March 12 (Reuters) - The director general of the U.N. nuclear watchdog discussed non-proliferation issues on Thursday with the head of Rosatom, Russia's state nuclear energy corporation ahead of other meetings with officials, the company said.Emmanuel Grossi, head of the U.N.'s Inter...Reuters
14 minutes ago
CBOT wheat ends higher as crude oil rally stokes commodities buying
CHICAGO, March 12 (Reuters) - Chicago Board of Trade wheat futures rose for a second straight session on Thursday on fund and speculative buying tied to surging crude oil prices as the war in the Middle East continued to escalate, traders said.Wheat futures also firmed on signs of improved demand. W...Reuters
20 minutes ago
CBOT soybeans rally to 21-month peak on surging crude oil
CHICAGO, March 12 (Reuters) - Chicago Board of Trade soybean futures rallied to the highest level since May 2024 as crude oil extended gains as investors wrestled with disruptions caused by the U.S.-Israel war on Iran. Oil prices rose about 8% on Thursday as Iran stepped up attacks on oil and...Reuters
26 minutes ago
WTI rallies sharply on Strait of Hormuz tensions, technicals point to further upside
West Texas Intermediate (WTI) crude Oil continues to experience extreme volatility, with prices rising more than 7.5% on Thursday as traders grow increasingly concerned about prolonged supply disruptions through the Strait of Hormuz amid the ongoing US-Iran war.
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39 minutes ago
February import and export volume increased at busiest US container port in Los Angeles
LOS ANGELES, March 12 (Reuters) - Imports to the busiest U.S. container seaport in Los Angeles rose 5% in February versus a year ago, while export volume increased nearly 7% during that period, port data showed.Reuters
47 minutes ago
France to finance loan for new reactors from state bank savings fund, Elysee says
PARIS, March 12 (Reuters) - France will use the state-backed Caisse des Depots (CDC) bank's savings fund to finance a subsidized loan that will cover 60% of the construction cost of six new nuclear reactors, said the French presidency on Thursday, after President Emmanuel Macron held a meeting o...Reuters
an hour ago
India's Modi speaks to Iran's President Pezeshkian
March 12 - Indian Prime Minister Narendra Modi on Thursday spoke to Iranian President Masoud Pezeshkian, he said in a post on X."The safety and security of Indian nationals, along with the need for unhindered transit of goods and energy, remain India’s top priorities," he said in the post.Reuters
an hour ago
Europe Gasoline/Naphtha-Gasoline refining margins slide
LONDON, March 12 (Reuters) - Northwest European gasoline refinery profit margins fell by $3.37 to $2.46 a barrel on Thursday as rising crude prices weighed.About 6,000 metric tons of E5 gasoline barges traded in the Argus window, with ExxonMobil and Sahara selling to Trafigura and MB Energy.Another ...Reuters
an hour ago
PRECIOUS-Gold slips over 1% on strong dollar, easing rate-cut bets
Iran's supreme leader vows to keep Strait of Hormuz closedChile central bank issues first gold purchase in decades BMI expects silver to average $93/oz in 2026By Ashitha Shivaprasad March 12 (Reuters) - Gold prices fell more than 1% on Thursday, pressured by a stronger dollar and diminishing ...Reuters
an hour ago
GRAINS-Soybeans hit 21-month high on rising crude oil, corn and wheat also higher
Crude oil rise supports soybean, wheat, and corn pricesConcerns about high crop input costs support grainsIranian attacks heighten fears of prolonged Middle East conflictBy Karl Plume CHICAGO, March 12 (Reuters) - U.S. soybean futures climbed on Thursday to the highest point since mid-2024 on spe...Reuters
an hour ago
EU wheat gains further as crude oil rises on war escalation
PARIS, March 12 (Reuters) - European wheat futures rose for a second day on Thursday, supported by crude oil prices as headlines from the Middle East war suggested no immediate de-escalation, traders said.May milling wheat BL2K6 on Euronext was up 1.3% at 208.75 euros ($240.67) a metric ton by 1723 ...Reuters
an hour ago
Oil gains 8% as Iran says Strait of Hormuz closure to continue
Iran supreme leader says Strait of Hormuz to remain closedIranian boats attacked two tankers in Iraqi watersIEA release of 400 million barrels may give limited reliefBy Siddharth Cavale NEW YORK, March 12 (Reuters) - Oil prices rose about 8% on Thursday as Iran stepped up attacks on oil and trans...Reuters
2 hours ago
METALS-Aluminium nears four-year high on Middle East supply fears
By Polina Devitt LONDON, March 12 (Reuters) - Aluminium prices hit their highest level in almost four years on Thursday on investor worries of tighter supply to Europe and other regions as the Middle East conflict disrupts shipments via the Strait of Hormuz.Benchmark three-month aluminium CMAL3 o...Reuters
2 hours ago
Trump administration considers loosening US shipping rules to combat fuel price spike
US seeking to ease fuel, agriculture shipments Soaring prices pose political threat to Trump, RepublicansWaiver could be announced as early as Thursday, sources sayBy Jarrett RenshawWASHINGTON, March 12 (Reuters) - The Trump administration is considering waiving the century-old Jones Act for a limit...Reuters
2 hours ago
Iran says many ships can pass through Strait of Hormuz if they coordinate with Iranian navy
DUBAI, March 12 (Reuters) - Many ships can still pass through the Strait of Hormuz if they coordinate with the Iranian navy, Iran's Foreign Ministry spokesperson Esmaeil Baghaei said in comments carried by Mehr news agency. "After the current events, generally we cannot return to conditions ...Reuters
2 hours ago
Two US sailors injured after non-combat fire aboard carrier in Red Sea
By Idrees Ali and Phil Stewart WASHINGTON, March 12 (Reuters) - Two U.S. sailors were injured after the USS Gerald Ford suffered a non-combat-related fire on board, the U.S. military said on Thursday.The Ford carrier, the United States' newest aircraft carrier and the world's largest, is ...Reuters
2 hours ago
