News
Important Only
Oil gains on supply concerns, investors await July OPEC+ output decision
OPEC+ keeps output policy unchangedEight OPEC+ members expected to agree to output boost SaturdayGoldman Sachs sees OPEC+ keeping output steady after July hikeChevron's Venezuelan oil curbs, Canadian wildfires limit price downsideBy Nicole Jao NEW YORK, May 28 (Reuters) - Oil prices gained mo...Reuters
Wed, May 28
GRAINS-CBOT soybeans, corn fall on quick planting pace
Corn and soy fall on plantings ahead of 5-year averagesWheat rises on lower than expected crop ratingsCorn and soybeans pressured by large Brazil crop expectationsBy Renee Hickman CHICAGO, May 28 (Reuters) - Chicago soybean futures dropped on Wednesday as the U.S. Department of Agriculture's ...Reuters
Wed, May 28
US Cash Crude-Coastal grades strengthen as refiners increase output
May 28 (Reuters) - U.S. coastal crude grades strengthened on Wednesday, dealers said, while domestic refiners are expected to increase their capacity and a major refinery in Joliet, Illinois brought a unit back to full capacity.Mars Sour WTC-MRS strengthened 45 cents at a midpoint of a 95-cent premi...Reuters
Wed, May 28
Natural gas flows to Freeport LNG export plant in Texas drop Wednesday, sources say
By Curtis Williams HOUSTON, May 28 (Reuters) - Natural gas flows to a Freeport liquefied natural gas (LNG) export plant in Texas declined on Wednesday, likely leading to a reduction in LNG output, two sources said.Freeport is the third largest LNG export facility in the U.S. and has helped the co...Reuters
Wed, May 28
CBOT wheat futures rise as USDA crop ratings fall
CHICAGO, May 28 (Reuters) - Chicago Board of Trade wheat futures firmed on Wednesday as U.S. Department of Agriculture crop ratings came in lower than expected. CBOT July soft red winter wheat WN25 settled up 1-3/4 cents at $5.30-1/4 a bushel.K.C. July hard red winter wheat KWN25 ended up 3/4 cent ...Reuters
Wed, May 28
CBOT soybeans weaken as planting progress moves rapidly
CHICAGO, May 28 (Reuters) - Chicago Board of Trade soybean futures lost ground on Wednesday as the U.S. Department of Agriculture reported planting progress ahead of the five-year average. CBOT July soybeans SN25 settled down 14 cents at $10.48-1/2 a bushel.CBOT July soyoil BON25 ended 0.64 cent low...Reuters
Wed, May 28
US Cash Grains-Soy, corn basis nearly unchanged amid slow selling
CHICAGO, May 28 (Reuters) - Spot soybean and corn basis bids were muted in quiet cash trade on Wednesday as farmer selling was mixed as planting was in varying stages across the country. The corn basis rose by 4 cents at a rail terminal in Ohio. Corn, soy and wheat basis bids were steady elsewhere, ...Reuters
Wed, May 28
US Plains HRW Wheat-Basis bids steady-higher as futures rebound
CHICAGO, May 28 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady to higher in the U.S. Plains on Wednesday as a bounce in futures prices and decent export demand encouraged some selling. U.S. crop ratings came in below market expectations, though prices remained within sight o...Reuters
Wed, May 28
US natgas prices drop 6% on volatile contract expiration, talk of Freeport LNG reduction
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 4% over five-year normalBy Scott DiSavino May 28 (Reuters) - U.S. natural gas futures fell about 6% on Wednesday to a one-week low in volatile contract expiration trade, pressured by an ex...Reuters
Wed, May 28
Chevron terminates contracts, but will keep staff in Venezuela, sources say
Narrow authorization received by Chevron allows it to preserve assets, staffPDVSA expected to continue overseeing oilfield workersPDVSA also taking over sales of crude produced by joint ventures May 28 (Reuters) - Chevron CVX.N has terminated the oil production, service and procurement contracts ...Reuters
Wed, May 28
Kuwait minister affirms support to efforts for stability of global oil markets, state news agency says
CAIRO, May 28 (Reuters) - Kuwaiti Minister Tariq Suleiman Al-Roumi affirmed on Wednesday the Gulf country's support to ongoing efforts to bolster the stability of global oil markets, the state news agency said.OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 ...Reuters
Wed, May 28
CORRECTED-Perpetua Resources receives additional funding for Stibnite project from US Army
May 28 (Reuters) - Mining company Perpetua Resources PPTA.O on Wednesday said it has been awarded up to $6.9 million in additional funding from the U.S. Army for its Idaho antimony and gold Stibnite project.The Pentagon-backed mine, which would be the country's first antimony project, has an est...Reuters
Wed, May 28
CBOT corn slips as planting progress moves quickly
CHICAGO, May 28 (Reuters) - Chicago Board of Trade's most-active July corn futures contract dipped down on Wednesday after a U.S. Department of Agriculture data release showing planting ahead of last week's number as well as the five-year average. CBOT July corn CN25 settled down 8-1/2 cents...Reuters
Wed, May 28
ICE canola futures give back prior day gains
WINNIPEG, Manitoba, May 28 (Reuters) - ICE canola futures slid on Wednesday, giving back Tuesday's gains, on good crop seeding progress despite growing dryness.• July canola RSN5 settled down $16.30 at $715.90 per metric ton. November RSX5 settled down $8 at $686.30, tightening the old crop/new ...Reuters
Wed, May 28
PRECIOUS-Gold holds steady as Fed minutes flag inflation, recession risks
US PCE due on FridayGold up 26% so far this year Silver down nearly 1% By Ashitha Shivaprasad May 28 (Reuters) - Gold prices steadied on Wednesday as investors assessed the U.S. Federal Reserve's May meeting minutes, which flagged rising inflation and recession risks, reinforcing gold's a...Reuters
Wed, May 28
Natural gas flows to Freeport LNG export plant in Texas fall on Wednesday, sources say
HOUSTON, May 28 (Reuters) - Natural gas flows to a Freeport LNG export plant in Texas declined on Wednesday, likely leading to a reduction in LNG output, sources said.Freeport is one of the most closely watched LNG export plants in the world because the start and stop of its operations often cause p...Reuters
Wed, May 28
US likely to resume Mexican cattle imports by year end, USDA chief veterinarian says
USDA suspended Mexican cattle imports due to screwworm pest spreadUSDA mission to assess screwworm risk in Mexico soonUSDA sets year-end deadline for bird flu control in dairy cowsBy Sybille de La Hamaide PARIS, May 28 (Reuters) - The United States will likely resume Mexican cattle imports by yea...Reuters
Wed, May 28
