Soybeans Hits 4-week Low

Gold rose to aorund $4,250 per ounce on Friday, the highest since late October as the delayed September PCE largely met expectations and the preliminary University of Michigan survey showed easing inflation expectations, a combination that reinforced market conviction in a near term Fed cut.

Headline PCE rose 0.3% month on month and 2.8% year on year while core PCE slowed to 2.8% from 2.9%, a profile that pairs sticky goods prices with moderating services inflation and points to cooling underlying pressure.

Michigan sentiment improved to 53.3 and 1-year inflation expectations fell to 4.1% with the 5-year outlook at 3.2%, signalling softer consumer price paths.

Coupled with ADP’s surprise 32,000 decline in private payrolls and Challenger’s 71,321 announced layoffs, these data raised the odds of imminent easing, prompted position adjustments after earlier profit taking and helped lift bullion.

(15:29 GMT) Freeport-McMoRan Price Target Raised to $58.00/Share From $50.00 by JP Morgan

GSCI increased to 567.55 Index Points, the highest since June 2025.

Over the past 4 weeks, GSCI Commodity Index gained 2.73%, and in the last 12 months, it increased 6.73%.

SAN ANTONIO--(BUSINESS WIRE)--December 05, 2025--

Valero Energy Corporation will release its financial and operational results for the fourth quarter and full year 2025 on Thursday, January 29, 2026, before the market opens. Management will host a conference call at 10:00 a.m. ET to discuss the results.

A live webcast of the conference call will be available on Valero's Investor Relations website at investorvalero.com.

About Valero

Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Canada, the United Kingdom (U.K.), Ireland, and Latin America. Valero owns 15 petroleum refineries located in the U.S., Canada, and the U.K. with a combined throughput capacity of approximately 3.2 million barrels per day. Valero is a joint venture member in Diamond Green Diesel Holdings LLC, which produces low-carbon fuels including renewable diesel and sustainable aviation fuel (SAF), with a production capacity of approximately 1.2 billion gallons per year in the U.S. Gulf Coast region. See the annual report on Form 10-K for more information on SAF. Valero also owns 12 ethanol plants located in the U.S. Mid-Continent region with a combined production capacity of approximately 1.7 billion gallons per year. Valero manages its operations through its Refining, Renewable Diesel, and Ethanol segments. Please visit investorvalero.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251204054798/en/

CONTACT: Valero Contacts

Investors:

Homer Bhullar, Vice President — Investor Relations and Finance, 210-345-1982

Eric Herbort, Director — Investor Relations and Finance, 210-345-3331

Gautam Srivastava, Director — Investor Relations, 210-345-3992

Media:

Lillian Riojas, Executive Director — Media Relations and Communications, 210-345-5002

Investments in natural capital projects seem less attractive due to low returns relative to other sectors, TPT Retirement Solutions' Peter Smith says at the Edelman Smithfield Investor Summit in London. Natural capital investments refer to investing in projects that are expected to have a positive impact on biodiversity. "It's relatively low-yielding and you're locking your capital up for 15 years to 20 years." High-yield bonds provide 8% more returns, which are more attractive to buyers, he says. (miriam.mukuru@wsj.com)

WINNIPEG, Manitoba--Intercontinental Exchange canola futures were on the rise Friday morning, stepping away from Thursday's declines.

Gains in Malaysian palm oil, MATIF rapeseed, as well as Chicago soybeans and soyoil were lending support to canola. There were slight declines in Chicago soymeal. Crude oil was virtually unchanged, offering little direction to the vegetable oils.

However, the January canola contract remained behind its moving averages, putting pressure on the oilseed.

Thursday's production estimates from Statistics Canada pegged 2025/26 canola production at a record 21.80 million tonnes. The issue now is exports as China isn't buying Canadian canola.

The Canadian Grain Commission reported canola exports for the week ended Nov. 30 of 159,000 tonnes, jumping nearly 63% from the previous week. However, cumulative exports of about 2.09 million tonnes were more than 46% less than a year ago.

The Canadian dollar was stronger Friday morning, with the loonie improving to 71.99 U.S. cents, compared with Thursday's close of 71.67.

About 16,600 contracts had traded by 9:39 a.m. ET and prices in Canadian dollars per metric tonne were:

Canola 
           Price      Change 
Jan       628.60     up 3.60 
Mar       642.40     up 3.20 
May       655.20     up 3.20 
Jul       663.70     up 3.50 
 

Source: Commodity News Service Canada, news@marketsfarm.com