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GRAINS-Soybeans fall on potential Trump-Xi meeting delay, wheat and corn also drop
By Renee Hickman CHICAGO, March 16 (Reuters) - Chicago soybeans experienced their biggest daily drop since 2023, falling to their daily limit on Monday after hitting near two-year highs last week as a potential delay to U.S. President Donald Trump's meeting with Chinese President Xi Jinping l...Reuters
21 minutes ago
US to sign MOU with Brazilian state of Goias on critical minerals, rare earths
RIO DE JANEIRO, March 16 (Reuters) - The U.S. government is set to sign a memorandum of understanding with the Brazilian state of Goias to strengthen cooperation in critical minerals and rare earths, the U.S. Consulate in Sao Paulo said on Monday.The agreement, which will be signed on Wednesday, see...Reuters
30 minutes ago
Sable restarts disputed California pipeline under Trump emergency order
Pipeline restart critical to Santa Ynez offshore oil projectPipeline had been shut since Barbara County oil spill in 2015Restart under emergency orders by Trump administrationCalifornia continues to fight to block Santa Ynez projectBy Shariq Khan, Nichola Groom and Tanay Dhumal March 16 (Reuters)...Reuters
41 minutes ago
Trump's Iran war duties, not China disputes, could delay Beijing summit, Bessent says
Trump may need to stay in Washington as commander-in-chief on Iran, Bessent saysUS, China conclude trade talks aimed at teeing up deals for Trump, Xi to consider New US unfair trade probes a source of tension in talks US, China seek to explore new ways to manage trade, investmentsChina's stance ...Reuters
53 minutes ago
Oil prices slide 3% as some ships transit Strait of Hormuz
Trump urges nations to help unblock Strait of HormuzWTI prices fall due in part to U.S. crude output and reserve releasesIEA may release more oil to combat price spikesBy Scott DiSavino NEW YORK, March 16 (Reuters) - Oil prices slid about 3% on Monday after some vessels sailed through the cri...Reuters
56 minutes ago
CBOT wheat dips, following overall grains market
CHICAGO, March 16 (Reuters) - Chicago Board of Trade wheat futures fell in sympathy with soybeans and corn on Monday, but worries about cold weather in the U.S. Plains gave K.C. hard red winter wheat futures some support. Wheat futures eased following soybeans in particular. The oilseeds fell to th...Reuters
59 minutes ago
US natural gas futures slide 3% as output climbs, demand wanes
Mild weather boosts gas storage, lowers demandLNG export feedgas eases despite global price surgeWaha Hub prices negative due to pipeline constraintsBy Scott DiSavino NEW YORK, March 16 (Reuters) - U.S. natural gas futures fell about 3% on Monday on a slow rise in output so far this month and...Reuters
an hour ago
FACTBOX-Storms knock out power to 266,000 across US Midwest, Mid-Atlantic and South
March 16 (Reuters) - More than 266,000 homes and businesses were without power on Monday as severe storms battered the U.S. Midwest and Mid-Atlantic region, according to data from PowerOutage.us. Michigan was hardest hit with around 123,765 outages, representing about 2.4% of the state's 5.1 mil...Reuters
an hour ago
CBOT soybeans nosedive on possible delay to Trump Xi summit
CHICAGO, March 16 (Reuters) - Chicago Board of Trade soybean futures fell to their daily limit on Monday as a potential delay in U.S. President Donald Trump's meeting with Chinese President Xi Jinping later in March dampened hopes of more U.S. soybean sales to China.Trump told the Financial Time...Reuters
an hour ago
CBOT corn ends lower on concerns about Trump-Xi meeting
CHICAGO, March 16 (Reuters) - Chicago Board of Trade corn futures dipped Monday as U.S. President Donald Trump worried investors by suggesting that a trade summit with China could be delayed. Trump told the Financial Times in an interview Sunday that he could delay his summit with China’s Presid...Reuters
an hour ago
Cuba's national electric grid collapses, leaving millions without power
US oil blockade worsens Cuba's power crisisTrump cut off Venezuelan oil shipments to CubaAround 10 million people are left without power By Dave SherwoodHAVANA, March 16 (Reuters) - Cuba's national electric grid collapsed on Monday, the country's grid operator said, leaving around 10 mil...Reuters
an hour ago
EU's Kallas floats Black Sea model to unblock Strait of Hormuz
BRUSSELS, March 16 (Reuters) - EU foreign policy chief Kaja Kallas said on Monday she had discussed with the United Nations the idea of freeing up transport of oil and gas through the Strait of Hormuz by replicating a deal that gets grain out of Ukraine during wartime.Under the deal, Ukraine can exp...Reuters
an hour ago
CORRECTED-FACTBOX-Storms knock out power to 500,000 across US Midwest, Mid-Atlantic and South
March 16 (Reuters) - More than 500,000 homes and businesses were without power on Monday as severe storms battered the U.S. Midwest and Mid-Atlantic region, according to data from PowerOutage.us.Michigan was hardest hit with around 125,000 outages, representing about 2.5% of the state's 5.1 mill...Reuters
2 hours ago
Fire at Abu Dhabi Shah oil field caused by drone attack, Abu Dhabi media office says
March 16 (Reuters) - Authorities in Abu Dhabi on Monday were dealing with a fire at the Shah oil and gas field caused by a drone attack and said that no injuries had been reported so far, the Abu Dhabi media office reported. The Shah field is one of the world's largest of its kind and is located...Reuters
2 hours ago
METALS-Copper up, but growth fears subdue sentiment
By Pratima Desai LONDON, March 16 (Reuters) - Copper prices rose on Monday as a softer dollar triggered profit-taking, but sentiment was subdued as surging oil prices due to the conflict in the Middle East fuelled fears about inflation and global growth. An outage on the London Metal Exc...Reuters
2 hours ago
Oil prices ease as Trump calls for help to unblock Hormuz, some ships sail through strait
Trump calls for help to unblock Strait of HormuzIran allows some ships through Strait of HormuzIEA may release more oil to combat price spikesBy Scott DiSavino NEW YORK, March 16 (Reuters) - Oil prices eased about 1% on Monday as U.S. President Donald Trump repeated his call for help to unblo...Reuters
2 hours ago
Europe Gasoline/Naphtha-Gasoline refining margins jump
LONDON, March 16 (Reuters) - Northwest European gasoline refinery profit margins jumped by nearly $5.50 to $17.70 a barrel on Monday in an active trading session. About 15,100 metric tons of E5 gasoline barges traded in the Argus window, with Varo, Equinor, Sahara Energy and Trafigura selling to She...Reuters
2 hours ago
Cuba's national electric grid collapses, says grid operator
HAVANA, March 16 (Reuters) - Cuba`s national electric grid collapsed on Monday, the country's grid operator said, leaving around 10 million people without power amid a U.S.-imposed oil blockade that has crippled the island's already ailing generation system.Reuters
2 hours ago
WRAPUP 8-Trump upset as key U.S. partners shun call for Hormuz warship escorts
US-Israeli war on Iran enters third week, boosting global oil pricesSeveral allies decline US call to escort shipping in HormuzIsrael has at least three weeks of plans for military strikesIran fires at Israel, launches drone attacks on UAE and BahrainBy Bo Erickson, Maayan Lubell and Parisa Hafezi ...Reuters
2 hours ago
US Cash Grains-Soy, corn basis steady to mixed as CBOT futures slide
CHICAGO, March 16 (Reuters) - Cash basis bids for corn and soybeans in the U.S. Midwest were steady with a few mixed changes on Monday as Chicago Board of Trade futures contracts tumbled, discouraging farmer grain sales in the wake of last week's multi-month highs.CBOT May soybeans SK26 fell by ...Reuters
3 hours ago
