News
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Mexico eases trade ban on Brazilian chicken
SAO PAULO, June 10 (Reuters) - Mexico eased a ban on chicken shipments from Brazil, setting the restriction now only to products coming from the Brazilian state of Rio Grande do Sul, instead of a previous countrywide ban, Brazil's Agriculture Ministry said on Tuesday.On the other hand, the minis...Reuters
Tue, Jun 10
US EIA slashes ethane export outlook for 2025, 2026 amid curbs on exports to China
US ethane exports to China to drop 24% in 2025, 51% in 2026US output of ethane to fall 4% in 2025, 12 % in 2026At least 9 ethane tankers stalled or drifting along U.S. Gulf CoastBy Arathy Somasekhar HOUSTON, June 10 (Reuters) - U.S. ethane exports will fall by 24% in 2025, while production of the...Reuters
Tue, Jun 10
Venture Global withdraws application to build Delta LNG plant, filing shows
By Curtis WilliamsHOUSTON, June 10 (Reuters) - Venture Global VG.N asked U.S. federal regulators to withdraw its application to build its proposed 24 million metric tons per annum Delta LNG export facility in Louisiana, saying it can build its proposed Plaquemines expansion project faster, according...Reuters
Tue, Jun 10
US Cash Grains-Soybean, corn bids mostly steady
CHICAGO, June 10 (Reuters) - Spot basis bids for U.S. corn and soybeans were mostly flat at grain elevators, processing plants and river terminals in the U.S. Midwest on Tuesday, a spot check showed.The one exception was a corn processor in the Chicago area, which rose by 3 cents. Every other locati...Reuters
Tue, Jun 10
US farm agency to allow three more states to bar some items from food aid
By Ahmed Aboulenein and Leah Douglas WASHINGTON, June 10 (Reuters) - U.S. Agriculture Secretary Brooke Rollins on Tuesday signed waivers allowing Arkansas, Idaho and Utah to bar participants in the Supplemental Nutrition Assistance Program from using their benefits to buy certain processed foods ...Reuters
Tue, Jun 10
Petronas Canada has no plans to leave Canada, executive says
CALGARY, June 10 (Reuters) - Petronas Canada, which is a joint partner in Canada's first LNG export facility, has no plans to leave the country, its CEO Mark Fitzgerald said on Tuesday on the sidelines of a conference in Calgary. Fitzgerald said Canada needs to develop a national liquefied natur...Reuters
Tue, Jun 10
GRAINS-US wheat futures sag on crop rating boost; corn, soybeans firm
USDA raises US wheat crop ratings, bolstering yield potentialTrade monitors US-China trade talksCorn, soybean futures anchored by benign US crop weatherBy Julie Ingwersen CHICAGO, June 10 (Reuters) - Chicago wheat futures fell to their lowest level in more than a week on Tuesday as improving U.S....Reuters
Tue, Jun 10
CIF/FOB Gulf Grain-Corn, soybean barge bids firm amid US-China trade talks
CHICAGO, June 10 (Reuters) - Basis bids for soybeans and corn delivered by barge to U.S. Gulf Coast terminals ticked higher on Tuesday, as trade talks between the U.S. and China stretched into a second day, traders said.U.S. Commerce Secretary Howard Lutnick said on Tuesday that trade talks with Chi...Reuters
Tue, Jun 10
US farm agency to allow three more states to bar some foods from food aid
WASHINGTON, June 10 (Reuters) - U.S. Agriculture Secretary Brooke Rollins on Tuesday signed waivers allowing Arkansas, Idaho and Utah to bar participants in the Supplemental Nutrition Assistance Program from using their benefits to buy certain processed foods.Reuters
Tue, Jun 10
CBOT corn ends higher in rebound from multi-month lows
CHICAGO, June 10 (Reuters) - Chicago Board of Trade corn futures rose on Tuesday on a bargain-buying bounce from multi-month lows, but improving U.S. crop ratings and benign weather signaled strong production potential and kept a lid on rallies, traders said. CBOT July corn CN25 settled up 5-1/4 cen...Reuters
Tue, Jun 10
US, Mexico Closing In On Deal That Would Remove Trump's 50% Tariffs On Steel Imports Up To Certain Volume - Bloomberg News
June 10 (Reuters) - US , MEXICO ARE CLOSING IN ON A DEAL THAT WOULD REMOVE PRESIDENT DONALD TRUMP’S 50% TARIFFS ON STEEL IMPORTS UP TO A CERTAIN VOLUME - BLOOMBERG NEWSSource text: https://tinyurl.com/4s854mkrReuters
Tue, Jun 10
Oil demand growth to continue, no peak in sight, OPEC Secretary General says
OPEC forecasts 24% rise in energy needs by 2050OPEC warns of risks from inadequate investment in oil and gasOPEC secretary general criticizes net-zero targets as 'unrealistic'By Amanda Stephenson CALGARY, June 10 (Reuters) - Oil demand growth will remain robust over the next two and a hal...Reuters
Tue, Jun 10
US oil output set to fall next year for the first time since 2021, EIA says
EIA now expects US oil production to fall in 2026Prior forecasts saw US oil output hit new record next yearSlump in oil prices, declining rig count weighing on output, EIA saysBy Shariq KhanNEW YORK, June 10 (Reuters) - U.S. crude oil production will fall next year as lower commodity prices cause a ...Reuters
Tue, Jun 10
CBOT soybeans end firm on optimism over US-China trade talks
CHICAGO, June 10 (Reuters) - Chicago Board of Trade soybean futures ended modestly higher on Tuesday as optimism tied to ongoing trade talks between the United States and China, the world's No. 1 importer of the oilseed, offset pressure from improving U.S. crop ratings.CBOT July soybeans SN25 se...Reuters
Tue, Jun 10
US depends on Canadian oil, despite Trump's comments, Cenovus CEO says
Canada aims to diversify exports amid US trade tensionsCarney government seeks projects to boost Canada's energy statusBy Amanda Stephenson CALGARY, June 10 (Reuters) - The U.S. relies on Canadian oil imports, despite comments to the contrary by U.S. President Donald Trump, Cenovus Energy CVE...Reuters
Tue, Jun 10
CBOT wheat ends lower on rising US condition ratings
CHICAGO, June 10 (Reuters) - Chicago Board of Trade wheat futures fell to their lowest level in more than a week on Tuesday as improving U.S. crop condition ratings and seasonal pressure overshadowed early harvest delays and drought in Russia, traders said.CBOT July soft red winter wheat WN25 settle...Reuters
Tue, Jun 10
Oil prices hold near 7-week high as market waits for news from US-China trade talks
US and China enter second day of talks in LondonSaudi crude exports to China set to fall slightlyUpcoming: US oil inventory data from API and EIABy Scott DiSavino NEW YORK, June 10 (Reuters) - Oil prices held near a seven-week high on Tuesday as the market awaited direction from trade talks betwe...Reuters
Tue, Jun 10
First crude from Guyana's fourth platform to be exported in Aug-Sep
GEORGETOWN/LONDON, June 10 (Reuters) - The first crude cargo from Guyana's fourth oil production platform, which arrived in the country in April and is being installed, is scheduled to be exported between late August and early September, the government told Reuters on Tuesday.A consortium by U.S...Reuters
Tue, Jun 10
