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GRAINS-Chicago soy slips on profit taking after revised US biofuel targets
Profit-taking pressures soybean pricesGrain markets turn attention to March 31 US planting dataBy Heather Schlitz CHICAGO, March 27 (Reuters) - Chicago soybean futures ticked lower on Friday following the White House announcement of revised U.S. biofuel targets earlier in the afternoon. The n...Reuters
35 minutes ago
US natural gas futures rise on cooler weather outlook ahead of contract expiry
By Sarah Qureshi March 27 (Reuters) - U.S. natural gas futures rose on Friday on expectations of cooler temperatures boosting demand and positioning ahead of the expiry of the front-month contract.Front-month gas futures for April delivery NGc1 on the New York Mercantile Exchange rose about 3.2% ...Reuters
42 minutes ago
Oil prices gain as traders doubt prospects of ceasefire in Iran war
Investors remain wary of prolonged conflictUS extends Strait of Hormuz deadlinePrices could hit $200 if war drags on, Macquarie analysts sayBy Shariq Khan NEW YORK, March 27 (Reuters) - Oil prices rose on Friday and notched weekly gains, reflecting scepticism about prospects for a ceasefire in th...Reuters
49 minutes ago
CBOT soy drops on profit taking following biofuels announcement
CHICAGO, March 27 (Reuters) - Chicago Board of Trade soybean futures fell on Friday on a round of profit-taking after the White House released revised biofuel targets early in the afternoon. The Trump administration on Friday finalized new biofuel blending volumes mandates for the U.S. refining indu...Reuters
51 minutes ago
Refiners say new US biofuel quotas may worsen Iran war price spike
By Siddharth Cavale and Jarrett RenshawWASHINGTON, March 27 (Reuters) - The Trump administration ordered U.S. refiners on Friday to increase the amount of biofuels they blend into gasoline and diesel this year and next, a move the industry said would only raise pump prices already spiking due to the...Reuters
57 minutes ago
Sailboats carrying aid from Mexico to Cuba still missing
By Dave Sherwood and Sarah Morland HAVANA/MEXICO CITY, March 27 (Reuters) - Two sailboats reported missing from a convoy transporting humanitarian aid from Mexico to Cuba remain unaccounted for, the U.S. Coast Guard and a spokesperson for the convoy told Reuters on Friday. The U.S. Coast ...Reuters
an hour ago
GLOBAL MARKETS-Stocks fall, oil prices rise on darkening economic outlook from Middle East war
Stocks continue to slide as Trump fails to calm marketsUS Treasury yields hit highest since July as bonds fallAnalyst: 'Words alone aren’t cutting it right now'By Chibuike Oguh and Harry Robertson NEW YORK/LONDON, March 27 (Reuters) - Global stock markets fell and oil prices rose on Frida...Reuters
an hour ago
CBOT wheat unchanged amid war uncertainty
CHICAGO, March 27 (Reuters) - Chicago Board of Trade wheat futures ended unchanged on Friday as market players weighed developments in the Iran war while monitoring dry weather in the U.S. wheat belt. U.S. President Donald Trump announced a new extension of his deadline for Iran to reopen the Strait...Reuters
an hour ago
US House transportation panel chair will not seek reelection
Republican Sam Graves has served in the House since 2001More than 50 House incumbents are not seeking reelectionTrump's fellow Republicans aim to keep control of CongressBy David ShepardsonWASHINGTON, March 27 (Reuters) - Veteran Republican U.S. lawmaker Sam Graves, who chairs the House of Repre...Reuters
an hour ago
EU wheat eases on Iran war uncertainty, US data in focus
PARIS, March 27 (Reuters) - Euronext wheat fell on Friday amid uncertainty over efforts to end the Iran war and caution before U.S. crop data encouraging participants to adjust positions after a three-day rally.May milling wheat BL2K6, Euronext's most-active position, settled 1.0% lower at 203.2...Reuters
an hour ago
Gold jumps above $4,500 as war fears revive haven buying spree
Gold (XAU/USD) price rallies over 3% on Friday as dip buyers emerge, amid the conflict entering its fifth week of hostilities, with no signs of de-escalation, and as inflation pressures rise. At the time of writing, XAU/USD trades at $4,510 after bouncing off daily lows of $4,375.
Fxstreet
an hour ago
Iran says US attacks while calling for talks 'intolerable', response undecided
March 27 (Reuters) - A senior Iranian official said on Friday U.S. attacks on Iran while simultaneously calling for talks were "intolerable," adding Tehran had yet to decide whether to respond to a U.S. proposal due to attacks on industrial and nuclear infrastructure.Iran's response to U...Reuters
an hour ago
CBOT corn dips on profit-taking
March 27 (Reuters) - Chicago Board of Trade corn futures ended lower on Friday on a round of profit-taking ahead of the weekend and Tuesday's U.S. Department of Agriculture report.The Iran war has upended the planting intentions of U.S. farmers, resulting in fewer acres of corn and the lowest qu...Reuters
an hour ago
UN moves to create mechanism to safeguard Hormuz trade in face of Iran war
March 27 (Reuters) - The United Nations said on Friday it was setting up a task force to design a mechanism to keep trade flowing through the Strait of Hormuz, warning that disruptions caused by the Iran war risked greater food shortages and humanitarian crises worldwide. "Immediate act...Reuters
2 hours ago
India: Energy shock risks and policy playbook – Societe Generale
Societe Generale’s Kunal Kundu analyses how the Iran conflict exposes India’s macro vulnerabilities through imported energy dependence and trade route risks. Kundu highlights broad spillovers from higher Oil and gas prices into the consumption basket and external balances.Fxstreet
2 hours ago
Cheniere Energy's Train 5 in Texas operating at full capacity
Cheniere Energy Corpus Christi Train 5 operating at full capacityTrain 5 to add 1.5 million metric tons of LNG per yearCorpus Christi feedgas intake hit nearly 2.5 bcf on FridayBy Curtis Williams HOUSTON, March 27 (Reuters) - Cheniere Energy’s LNG.N Train 5 at its Corpus Christi liquefied natural...Reuters
2 hours ago
CERAWEEK-Oil, gas exploration is back: Energy giants hunt to replenish reserves
Energy firms focus on exploration as reserves declineTechnology accelerates discovery-to-production timelineExxon has big find in Guyana; other breakthroughs neededBy Stephanie Kelly and Sheila Dang HOUSTON, March 27 (Reuters) - Global energy companies are getting back to basics and focusing on t...Reuters
2 hours ago
PRECIOUS-Gold jumps over 3% on dip-buying as investors track Middle East tensions
Trump extends deadline for striking Iran energy plants to April 7Commerzbank raised its year-end gold price target to $5,000/ozBy Anushree Mukherjee March 27 (Reuters) - Gold prices surged more than 3% on Friday on dip-buying after a pullback earlier this week, while investors looked for signs of...Reuters
2 hours ago
Canada eyes Mercosur pact by autumn
By Olivia Le Poidevin YAOUNDE, March 27 (Reuters) - Canada's minister of international trade said on Friday that he hopes to conclude a free-trade agreement with South America's Mercosur bloc by the autumn."We're stepping up the negotiation timelines a little bit. Hopefully we can...Reuters
2 hours ago
Canada eyes Mercosur pact by autumn
YAOUNDE, March 27 (Reuters) - Canada's minister of international trade said on Friday that he hopes to conclude a free-trade agreement with South America's Mercosur bloc by the autumn."We're stepping up the negotiation timelines a little bit. Hopefully we can have negotiations every ...Reuters
2 hours ago
