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Seven oil tankers carrying 288,000 tonnes of Russian diesel sail towards US

5 days 16 hours ago

Tankers, tracked by Greenpeace, are first phase of Trump-Putin deal – but there is uncertainty over whether they will unload

Seven oil tankers carrying an estimated 288,000 tonnes of Russian diesel are now sailing towards the US, though it is uncertain if the vessels will be able to unload amid a political row about the legality of the shipments.

The transport, tracked by the pressure group Greenpeace, is the first phase of a contentious supply deal negotiated between presidents Donald Trump and Vladimir Putin earlier this month, reversing years of sanctions on Russia oil.

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Sugar Prices Rise as Brazil Reports Reduced Cane Crushing

5 days 16 hours ago
March NY world sugar #11 (SBH27 ) is up +0.14 (+0.72%), and December London ICE white sugar #5 (SWZ26 ) is up +2.50 (+0.48%). Sugar prices are higher after Brazil’s agricultural ministry reported late Wednesday that Brazilian mills crushed 32 MMT of sugarcane in the first half of October, down...

Corn Ticking Higher at Thursday’s Midday

5 days 16 hours ago
Corn futures are trading with fractional gains across most front months at midday on Thursday. The CmdtyView national average Cash Corn price is up 3/4 cents at $4.14 1/2. The average close for December corn futures in October has been $4.78, as there are just 2 days left for the...

Cattle Look to Thursday Following Wednesday Losses

5 days 16 hours ago
Live cattle futures are slipping 97 cents to $1.45 at midday. Cash trade has been quiet this week with a few sales reported by USDA at $224 live in the north and $350-365 dressed. The Thursday morning Fed Cattle Exchange online auction showed 225 bids on several lots of the...

Hogs Getting a Thursday Bounce

5 days 16 hours ago
Lean hog futures are showing gains of 7 cents to $1.45 at midday on Thursday. USDA’s national base hog price was reported at $63.06 in the Thursday AM report, up $7.24 from the day prior. The CME Lean Hog Index was down $1.06 on October 27 at $68.30. Export Sales...

Cattle Look to Thursday Following Wednesday Losses

5 days 16 hours ago
Live cattle futures posted losses of $2.62 to $3.52 across the board at the close. Open interest suggested a rotation of ownership, up just 31 contracts. Cash trade has been quiet this week with a few sales reported by USDA at $224 live in the north and $350-365 dressed. The...

Wheat Starting Thursday with Slight Losses

5 days 16 hours ago
Wheat is showing fractional to 2 cent losses at midday. The wheat complex extended the weakness to the Wednesday session. Chicago SRW contracts were a penny to 11 1/4 cents in the red at the close. Open interest was up 4,933 contracts on Wednesday. KC HRW futures posted losses of...

Cotton Starting Thursday with Modest Gains

5 days 16 hours ago
Cotton prices are up 8 to 18 points on Thursday. Futures closed the Wednesday session with contracts 8 to 25 points in the green, with outside factors supportive. Crude oil is up $2.04 per barrel on the session, with the US dollar index $0.167 lower. The Seam reported just 906...

Hogs Look to Thursday Amid Weak Cash and Cutout

5 days 16 hours ago
Lean hog futures were mixed, with front months down 75 cents to $3.42 and other contracts up 30 cents to $2.22. Open interest was up 3,383 contracts on Wednesday. USDA’s national base hog price was reported at $56.56 in the Wednesday PM report, down $1.38 from the day prior. The...

Corn Slipping Back with Fractional Losses on Thursday Morning

5 days 16 hours ago
Corn prices are fractionally lower to start Thursday. Futures saw steady to 3 cent higher trade across most contracts on Wednesday, as futures got a midweek bounce. Open interest was up 29,205 contracts on Wednesday, suggesting modest new open interest. The CmdtyView national average Cash Corn price was up 2...