News
Important Only
CIF/FOB Gulf Grain-Soybean, corn barge bids mostly steady-firmer
CHICAGO, May 14 (Reuters) - Basis bids for soybeans and corn delivered by barge to U.S. Gulf Coast terminals were mostly steady to firmer on Wednesday, and farmer sales of both crops into marketing channels that feed the Gulf remained slow, traders said.CIF Gulf soybean barges loaded in May were bid...Reuters
Wed, May 14
Brazil's J&F, Paper Excellence agree to settlement over failed unit sale
By Luciana Magalhaes SAO PAULO, May 14 (Reuters) - Brazil's J&F Investimentos and Canada's Paper Excellence have settled a seven-year-old dispute with a deal that calls for J&F to pay $2.7 billion and reacquire a pulp company it contracted to sell to Paper Excellence but did not f...Reuters
Wed, May 14
LIVESTOCK-CME cattle futures backtrack from record highs
By Tom Polansek CHICAGO, May 14 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures tumbled on Wednesday after climbing to records on dwindling U.S. supplies.Futures prices have set all-time highs since Washington over the weekend added to supply worries by suspending ca...Reuters
Wed, May 14
Pre-war EU-Ukraine trade deal may temporarily return when tariff suspension expires
By Julia Payne and Philip Blenkinsop BRUSSELS, May 14 (Reuters) - The EU is weighing a temporary return to its pre-war trade agreement with Ukraine if a renegotiated deal is not ready to take effect when war-related tariff suspensions expire on June 5, EU diplomats said on Wednesday.The Commissio...Reuters
Wed, May 14
CANADA-CRUDE-Discount on Western Canada Select heavy crude unchanged
May 14 (Reuters) - The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) CLc1 was unchanged on Wednesday.WCS for June delivery in Hardisty, Alberta, settled at $9.15 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, fla...Reuters
Wed, May 14
US farm agency cancels Food for Progress food aid grants
By Leah Douglas WASHINGTON, May 14 (Reuters) - The U.S. Department of Agriculture on Wednesday canceled existing grants under its Food for Progress food aid program, according to an email seen by Reuters and two sources familiar with the situation. The Food for Progress program sends U.S. commodi...Reuters
Wed, May 14
Venture Global urges FERC to reaffirm approval for Louisiana LNG project
May 14 (Reuters) - U.S. liquefied natural gas company Venture Global VG.N on Wednesday urged the Federal Energy Regulatory Commission to reaffirm its authorizations of the new LNG facilities in Cameron Parish, Louisiana, along with the associated pipeline infrastructure.Reuters
Wed, May 14
US Cash Crude-Grades rise as domestic refining demand set to grow
May 14 (Reuters) - Crude grades rose on Wednesday, dealers said, with domestic refining demand expected to tick higher. U.S. oil refiners are expected to have about 714,000 barrels per day (bpd) of capacity offline in the week ending May 16, increasing available refining capacity by 560,000 bpd, res...Reuters
Wed, May 14
New Fortress Energy posts quarterly loss as all segments show weak performance
May 14 (Reuters) - New Fortress Energy NFE.O posted a loss in the first quarter on Wednesday, as the U.S. LNG firm struggled with weak performance across its segments, sending the shares down nearly 19% in extended trading.The company also closed the sale of its Jamaican assets and operations to Exc...Reuters
Wed, May 14
US Plains HRW Wheat-Spot basis bids steady to up with limited farmer selling
CHICAGO, May 14 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were flat to higher in a spot check of facilities around the southern U.S. Plains on Wednesday as dealers tried to entice farmers to sell. CBOT July K.C. HRW wheat KWN25 futures closed higher, settling up 11-1/4 cents at $5....Reuters
Wed, May 14
Trump not going to Turkey for Russia-Ukraine talks, US official says
WASHINGTON, May 14 (Reuters) - President Donald Trump is not going to Turkey to join Russia-Ukraine talks on Thursday, a U.S. official said on Wednesday.The official spoke after Russian President Vladimir Putin announced the Russian delegation for the talks, a list that did not include Putin himself...Reuters
Wed, May 14
REFILE-Pre-war EU-Ukraine trade deal may temporarily return when tariff suspension expires
By Julia Payne and Philip Blenkinsop BRUSSELS, May 14 (Reuters) - The EU is weighing a temporary return to its pre-war trade agreement with Ukraine if a renegotiated deal is not ready to take effect when war-related tariff suspensions expire on June 5, EU diplomats said on Wednesday.The Commissio...Reuters
Wed, May 14
Walmart hit with $222 million US verdict in food preservation trade secret case
By Blake Brittain May 14 (Reuters) - A jury in Arkansas federal court found that Walmart WMT.N owes technology startup Zest Labs more than $222 million following a retrial on allegations that Walmart stole its trade secrets for reducing food waste, Zest said in a press release on Wednesday.Zest s...Reuters
Wed, May 14
GRAINS-Soybeans hit nearly 10-month high on biofuel and trade hopes
By Tom Polansek CHICAGO, May 14 (Reuters) - Chicago Board of Trade soybean futures set a nearly 10-month high on Wednesday as the truce in the U.S.-China tariff dispute and a proposal to extend a U.S. biofuel tax credit boosted hopes for demand.Corn futures were mixed, while wheat rebounded from ...Reuters
Wed, May 14
Audits of Brazil beef supply chain show progress reducing links to Amazon deforestation
By Ana Mano SAO PAULO, May 14 (Reuters) - A settlement involving federal prosecutors and Brazilian meat packers has helped wean much of the country's beef supply chain from links to Amazon rainforest destruction, according to company audits of their cattle purchases in six states that prosecu...Reuters
Wed, May 14
New Fortress Energy posts quarterly loss as all segments show weak performance
May 14 (Reuters) - U.S. LNG firm New Fortress Energy NFE.O posted a loss in the first quarter on Wednesday, hurt by weak performance across all its segments of ships, terminals and infrastructure.The New York-based company reported a net loss of $197.4 million, or 73 cents per share in the quarter e...Reuters
Wed, May 14
NIH, FDA to focus on processed foods, US health secretary says
WASHINGTON, May 14 (Reuters) - U.S. health secretary Robert F. Kennedy Jr. said on Wednesday that the "central focus" of the National Institutes of Health and the Food and Drug Administration will be on studying ultra-processed foods, sugars and food additives. "The central focus of NIH,...Reuters
Wed, May 14
Oil falls after US crude inventories rise
US crude inventories rose last week as imports jumped, EIA saysOPEC trims 2025 non-OPEC+ oil supply growth forecastAPI data shows crude stocks rose 4.3 million barrels last weekUS dollar rebounds from earlier declines By Nicole Jao NEW YORK, May 14 (Reuters) - Oil prices eased on Wednesday after ...Reuters
Wed, May 14
CBOT wheat rebounds after nearing five-year low
May 14 (Reuters) - Chicago Board of Trade wheat futures recovered on Wednesday after the most-active contract Wv1 fell on Tuesday to its lowest level in nearly five years.Short-covering lifted prices, traders said, after all soft red wheat contracts hit lifetime lows during the previous session.A we...Reuters
Wed, May 14
