New Qatari Air Force Facility to Be Built in Idaho, Hegseth Announces
A new Qatari air force facility will be built in Idaho, Defense Secretary Pete Hegseth announced on Friday. “Today we’re signing a letter of acceptance to build a Qatar Emiri air force facility at the Mountain Home Airbase in Idaho,” Hegseth told reporters. “It’s just another example of our partnership.” Hegseth said that the facility would host a contingent of Qatari F-15s and pilots. The White House did not immediately respond to a request for more details about the arrangement. The announcement came as Hegseth thanked Qatar for its role in peace talks between Israel and Hamas. Qatar, along with the United States and Egypt, helped mediate the cease-fire negotiations that were held in Egypt this week. President Donald Trump announced on Wednesday that Israel and Hamas had agreed to the first phase of a cease-fire deal. “No one other than President Trump could have achieved the peace—what we believe will be a lasting peace—in Gaza, and Qatar played a substantial role from the beginning, working with our folks to make sure that came about,” Hegseth said on Friday. By Friday, Israel pulled its troops back to agreed positions in the Gaza Strip. Hamas has 72 hours to release the remaining 48 Israeli hostages, 20 of whom are thought to still be alive, under the terms of the deal.
US and Venezuela reach 'historic' oil deal, Trump says
Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves
The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves, Trump said in a social media post.
Corn Pushes Gains into the Weekend as Specs Expand Length
Corn futures held onto the Friday gains into the close, with contracts settling 1 to 4 cents higher. September rallied 28 ¼ cents on the week, with December 28 cents. The CmdtyView national average Cash Corn price was back up 2 1/4 cents at $4.84 1/4. Friday’s CFTC data showed...
Cotton Sees Profit Taking Pressure to Close the Week
Cotton futures faced pressure to close the week with Friday losses of 19 to 114 points across the board. December still held up for a weekly gain of 303 points. Crude oil was down 9 cents per barrel, with the US dollar index $0.533 higher. Commitment of Traders data showed...
Wheat Extend Rally to 3-Year Highs into the Weekend
The wheat complex extended the move to 3-year highs for the winter wheats into the weekend. Chicago SRW contracts rallied 10 ½ to 24 ¼ cents across the board on Friday, with September 85 ½ cents higher on the week. KC HRW futures saw gains of 10 to 24 ¼...