Crude oil futures saw a modest gain on Tuesday, stabilizing after several days of declines, as investors closely monitor potential diplomatic talks between the United States and Iran at the United Nations General Assembly.
The South Korean government is set to detail a $350 billion investment package in the United States for lawmakers, as negotiations face hurdles over the commercial viability and financial risks of large-scale energy projects.
The Canadian government has introduced draft legislation aimed at cutting the federal approval timeline for major natural resource projects to one year, while also making it more difficult for the government to intervene in major labor strikes.
ICE canola futures rose Monday, supported by significant gains in the U.S. soybean complex and a weaker Canadian dollar. Challenging harvest weather in Western Canada also provided underlying support for prices.
Texas Governor Greg Abbott has ordered a temporary stop to all new state-issued permits for data centers until the Electric Reliability Council of Texas (ERCOT) completes a full audit of the state's power grid and water usage.
President Donald Trump announced the U.S. is negotiating a deal to purchase potash from Belarus at a lower cost than current imports from Canada, a move analysts suggest may have limited market impact.
Soybean prices climbed on Monday as traders anticipated a key meeting between the U.S. and Chinese presidents, fueling hopes for improved agricultural trade relations. Corn and wheat futures also posted gains.
California Governor Gavin Newsom signed a package of seven bills imposing new rules on data center electricity and water use, a move aimed at managing the impact of the AI-driven industry's rapid growth on the state's resources.
A high-level Venezuelan delegation led by interim President Delcy Rodriguez is in New York to discuss significant energy, debt, and mining agreements with US counterparts, according to sources familiar with the plans.
