Americas
Thursday, 28 March 2013 03:27
356
WASHINGTON: The US State Department said Wednesday it will hold a public meeting in Nebraska in April on a controversial $5.3 billion Canada-to-Texas oil pipeline, just days before a key consultation period ends.The April 18 meeting on the Keystone XL Project will take place in the midwestern US state's environmentally-sensitive Sandhills area, which the pipeline had initially been set to traverse.President Barack Obama rejected that initial proposal, and a new route has now been drawn up by operators TransCanada to avoid that area, winning the backing of the Nebraska authorities."The purpose of this meeting is to give individuals an opportunity to express their views," the State Department said in a statement.Activists opposed to the project are likely to flood what could prove a heated meeting, with some flying in from around the United States.On March 1, the department released a draft environmental impact statement suggesting the rerouted pipeline, which would ...
CHICAGO: US grains rose on the eve of a major crop report, with corn futures notching a seven-week high on Wednesday after the ethanol stockpile plunged to the lowest level since December 2011.Wheat futures rallied to a five-week high while soybeans trimmed earlier losses to touch a two-week top.Government data showed production of the grain-based biofuel declined but ethanol stocks dropped 5.5 percent in the largest draw down since July, indicating strong demand from blenders ...
NEW YORK: Cotton futures rose on Tuesday, stemming a four-day slide as reports of new import quotas in China supported prices in the United States, the world's top exporter, and as technical support buoyed the market. The most-active May cotton contract on ICE Futures US gained 1.45 cent, or 1.7 percent, to settle at 88.04 cents per pound. It was fiber's largest one-day rally since climbing to a 1-year high of 93.93 cents a lb ...
CHICAGO: US soybeans rallied for the first time in three sessions on Tuesday as port congestion in Brazil during the harvest of its bumper crop helped drive up cash prices in the United States.But trading volume was light and corn lost ground as traders evened positions ahead of a government report on Thursday that is expected to forecast the largest corn seedings in 77 years.Closely-watched oilseeds analyst Oil World cut its estimates for both the ...
NEW YORK: Crude oil futures rose up to 1 percent on Monday after a bailout deal for Cyprus went through smoothly, but many other commodities slipped or stayed flat as lingering worries about the euro zone weakened the single currency.Jeroen Dijsselbloem, head of the Eurogroup for euro zone finance ministers, said the Cyprus bailout represents a new template for resolving regional banking problems and other nations may have to restructure their banking sectors to adapt.His ...
KANSAS CITY: A late blast of cold and snowy conditions could harm parts of the US winter wheat growing area, with widespread freeze damage feared in some of the more mature fields, experts said."I think we'll certainly have some (freeze damage)," said Travis Miller, an agronomist at Texas A&M University. "We did not dodge a bullet. It is a mess out there, both from freeze and drought."It will take several days after the freeze passes ...
HAVANA: Cuban raw sugar production is 17 percent behind schedule toward a target of 1.7 million tonnes, official media said over the weekend, putting in doubt hopes to increase output 20 percent over the previous season.The report indicated industry performance deteriorated during the peak yield months of February and March.In early February, production was 7.8 percent behind schedule, said Leobel Perez Hernandez, spokesman for state-run sugar monopoly AZCUBA."The lack of cane arriving at mills is ...
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