Latest Commodities News

Reuters - 14 minutes ago

North Sea Crude-Brent, Forties, Ekofisk rise on strong demand

North Sea Crude-Brent, Forties, Ekofisk rise on strong demand LONDON, Nov 18 (Reuters) - North Sea Brent, Forties and Ekofisk crude differentials rose on Monday after keen buying interest in the Platts window from Trafigura. PLATTS WINDOW * Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).

Reuters - 23 minutes ago

Europe Gasoline/Naphtha-Gasoline profit margins soften on higher crude

Europe Gasoline/Naphtha-Gasoline profit margins soften on higher crude LONDON, Nov 18 (Reuters) - Northwest European gasoline refining margins fell by about 87 cents to $6.13 a barrel on Monday, even as trading liquidity picked up, as higher underlying oil prices weighed. Gunvor sold a total of 10,000 metric tons of Eurobob E5 to Shell. Friday's liquidity stood at 8,000 tons.

Reuters - 29 minutes ago

Can a COP29 deal clean up scandal-ridden carbon offsets?

ANALYSIS-Can a COP29 deal clean up scandal-ridden carbon offsets? Countries seek deal this week on U.N.-backed carbon market Carbon offset trading has been plagued by scandals Market size could hit $250 billion - industry group Updates to include WWF quote in paragraphs 14-15 By Kate Abnett and Virginia Furness BAKU, Nov 18 (Reuters) - A deal at the COP29 climate talks on trading carbon credits could see billions of dollars move into emissions-reduction projects this decade but after a string of

Reuters - 37 minutes ago

EU wheat at 2-week high tracking Chicago, lower euro supports

UPDATE 1-EU wheat at 2-week high tracking Chicago, lower euro supports Adds closing price, updates Chicago price PARIS, Nov 18 (Reuters) - European wheat prices extended their rise on Monday to hit a two-week high, supported by a strong rebound in Chicago after sharp losses last week and a weak euro making euro-denominated goods more competitive on world markets.

Reuters - 55 minutes ago

USDA confirms domestic flock infected with bird flu in Hawaii

UPDATE 1-USDA confirms domestic flock infected with bird flu in Hawaii Adds details throughout, background in paragraph 3 Nov 18 (Reuters) - The United States Department of Agriculture confirmed the presence of bird flu in Hawaii on Monday, the first case of the virus in a domestic flock in the state since the current outbreak began in 2022. The USDA said samples from the flock were tested at the Hawaii State Laboratories Division, part of the National Animal Health Laboratory Network, and confi

Reuters - 56 minutes ago

W. Africa Crude-Angolan January schedule emerges

W. Africa Crude-Angolan January schedule emerges LONDON, Nov 18 (Reuters) - Traders digested Angola's January crude oil loading schedule on Monday, while Nigerian Escravos was bid in the Platts window. * Angola will load 35 crude cargoes in January, according to a trade source citing a preliminary loading programme, down slightly from 36 cargoes on the December schedule.

Reuters - 1 hour ago

US winter wheat ratings seen rising after rains, analysts say

POLL-US winter wheat ratings seen rising after rains, analysts say By Karl Plume CHICAGO, Nov 18 (Reuters) - U.S. winter wheat crop conditions have likely improved over the past week following much-needed rain in the Plains farm belt, according to analysts surveyed by Reuters ahead of a weekly U.S. Department of Agriculture (USDA) report on Monday.

Reuters - 1 hour ago

Cotton holds steady near 3-month low as pause in dollar rally offsets weak demand

Cotton holds steady near 3-month low as pause in dollar rally offsets weak demand Nov 18 (Reuters) - ICE cotton futures steadied on Monday, hovering near a three-month low reached in the previous session, as a pause in the dollar's rally helped offset weak demand for the natural fiber. * Cotton contracts for December CTZ4 was little changed at 66.86 cents per lb at 11:34 a.m.

Reuters - 1 hour ago

Arabica coffee retreats after hitting fresh 13-year high, cocoa comes off peaks

SOFTS-Arabica coffee retreats after hitting fresh 13-year high, cocoa comes off peaks Updates prices, adds details LONDON, Nov 18 (Reuters) - Arabica coffee futures on ICE retreated after hitting fresh 13-year highs on Monday amid concerns over supplies in central and south America, and uncertainty on the regulatory front, while cocoa retreated somewhat from last week's stellar rally.

Reuters - 1 hour ago

Germany's Scholz: EU must stop individual states holding up free trade deals

Germany's Scholz: EU must stop individual states holding up free trade deals BERLIN, Nov 18 (Reuters) - German Chancellor Olaf Scholz urged the European Union on Monday to finally conclude a trade deal with South America's Mercosur bloc and to prevent single countries from putting the brakes on such agreements in the future. "We must abandon the principle of how free trade agreements have been negotiated up to now," he told reporters on the sidelines of the G20 summit in Rio de Janeiro.

Reuters - 1 hour ago

Europe Distillates-Diesel margins hit over 4-month high

Europe Distillates-Diesel margins hit over 4-month high LONDON, Nov 18 (Reuters) - Northwest European diesel barge profit margins rose above $19 a barrel on Friday, their highest since early August, as cold weather was expected to boost regional demand. Colder weather across northwest Europe was expected to increase demand fopr heating oil, traders said.

Reuters - 1 hour ago

Power Up: Russia halts gas supplies to Austria

Power Up: Russia halts gas supplies to Austria Power Up is published on Mondays and Thursdays. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here . Nov 18 - By Liz Hampton U.S. Energy Markets Editor Hello Power Up readers! There is no shortage of energy news to unpack today, from new restrictions on Russian natural gas flows into Europe to U.S.

Reuters - 1 hour ago

Photon Energy Q3 EBITDA At EUR 3.8 Mln

BRIEF-Photon Energy Q3 EBITDA At EUR 3.8 Mln Nov 18 (Reuters) - Photon Energy NV PENP.WA : Q3 EBITDA AT EUR 3.8 MILLION Q3 LOSS BEFORE TAXATION EUR 2.5 MILLION Q3 TOTAL REVENUES EUR 22.9 MILLION Source text: ID:nEM27bMSYa Further company coverage: PENP.WA Reporting by Gdansk Newsroom

Reuters - 1 hour ago

Abu Dhabi's IRH explores investing in Alphamin's Congo tin mines - Bloomberg News

MEDIA-Abu Dhabi's IRH explores investing in Alphamin's Congo tin mines - Bloomberg News -- Source link: https://tinyurl.com/3cwyhm3z -- Note: Reuters has not verified this story and does not vouch for its accuracy

Reuters - 1 hour ago

US Cash Grains-Soy, corn basis up amid increased export demand

US Cash Grains-Soy, corn basis up amid increased export demand CHICAGO, Nov 18 (Reuters) - Spot basis bids for corn and soybeans were steady to higher in the U.S. Midwest on Monday as futures gained on support from a recent uptick in export demand. * The soybean basis ticked up at an Ohio elevator, Indiana processor and Illinois river terminal. * The corn basis rose at an Ohio elevator, Illinois processor, two Illinois river terminals and an Iowa ethanol plant.

Reuters - 2 hours ago

US confirms first case of bird flu in Hawaii

US confirms first case of bird flu in Hawaii Nov 18 (Reuters) - The United States Department of Agriculture has confirmed the presence of bird flu in Honolulu County, Hawaii, the first of its kind in the state during this outbreak, which began in 2022. Reporting by Christy Santhosh in Bengaluru; editing by Alan Barona

Reuters - 2 hours ago

EU wheat at 2-week high tracking Chicago, lower euro supports

EU wheat at 2-week high tracking Chicago, lower euro supports PARIS, Nov 18 (Reuters) - European wheat prices extended their rise on Monday to hit a two-week high, supported by a strong rebound in Chicago after sharp losses last week and a weak euro making euro-denominated goods more competitive on world markets. Benchmark December milling wheat BL2Z4 on Paris-based Euronext, was 0.7% higher by 1625 GMT to 217.75 euros ($230.12) a metric ton, after rising to 219.00 euros earlier in the session,

Reuters - 2 hours ago

USDA Confirms HPAI In Non-Commercial Backyard Flock (Non-Poultry) In Hawaii

BRIEF-USDA Confirms HPAI In Non-Commercial Backyard Flock (Non-Poultry) In Hawaii Nov 18 (Reuters) - USDA: USDA: CONFIRMED PRESENCE OF HPAI IN NON-COMMERCIAL BACKYARD FLOCK (NON-POULTRY) IN HONOLULU COUNTY, HAWAII

Reuters - 2 hours ago

Venture Global LNG's second plant running over budget, document shows

Venture Global LNG's second plant running over budget, document shows Plaquemines LNG costs are $2.35 billion over budget, document says Company expects pre-commercial cargoes to offset higher cost Initial plant to cost $9.8 billion after repairs completed By Curtis Williams and Echo Wang HOUSTON/NEW YORK, Nov 18 (Reuters) - Venture Global LNG's second liquefied natural gas export plant, currently under construction in Louisiana, is $2.35 billion over budget and costs could still rise, according

Reuters - 2 hours ago

US buyers sue potato processors over alleged price-fixing scheme

US buyers sue potato processors over alleged price-fixing scheme By Mike Scarcella Nov 18 (Reuters) - Four of the largest potato processors in the United States were accused in a pair of new lawsuits of conspiring to overcharge grocery stores, other commercial buyers and consumers for years. Lamb Weston LW.N , McCain Foods, J.R. Simplot and Cavendish Farms illegally fixed prices for frozen French fries, hash browns, tater tots and other products, Pennsylvania grocery chain Redner’s Markets all

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