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CBOT wheat down as harvest outlook improves
May 8 (Reuters) - Chicago Board of Trade wheat futures closed lower on Thursday on improved harvest prospects for wheat in the U.S. Plains and spillover weakness from corn futures, traders said.Rains over the U.S. Plains have delivered much-needed moisture to the wheat crop and have boosted yield ex...Reuters
Thu, May 8
Starmer hails second trade win in a week after UK's tariff deal with Trump
UK government agrees second deal in three daysAgreement with US does not remove all tariffsBritish industry welcomes dealBy Andrew MacAskill, Alistair Smout LONDON, May 8 (Reuters) - British Prime Minister Keir Starmer on Thursday secured a second trade pact in three days through a deal with U.S....Reuters
Thu, May 8
CBOT corn futures down on ideal planting conditions
CHICAGO, May 8 (Reuters) - Chicago Board of Trade corn futures slipped on Thursday on good planting weather and growing conditions while traders positioned ahead of this weekend's U.S.-China trade talks.Ideal U.S. weather and hopes for a thawing U.S.-China trade relationship have overridden bull...Reuters
Thu, May 8
Brazil April beef exports to the US soar despite tariffs, beef lobby says
SAO PAULO, May 8 (Reuters) - Brazilian beef exporters sold some 48,000 metric tons of beef into the United States last month despite enforcement of a new 10% tariff by Washington, Roberto Perosa, head of Brazilian beef lobby Abiec, told a press conference on Thursday. Perosa said the volume was "...Reuters
Thu, May 8
Britain's farmers welcome no weakening of import standards in US-UK deal
LONDON, May 8 (Reuters) - Britain's farmers union gave Thursday's U.S.-UK economic deal a mixed reception, welcoming the retention of British food standards on U.S. imports and reciprocal market access for beef, but flagging concern over a removal of tariffs on bioethanol.The deal gave UK fa...Reuters
Thu, May 8
REFILE-US to seek UN sanctions on ships taking North Korean coal to China
May 7 (Reuters) - The United States said on Wednesday it plans to call for U.N. sanctions against vessels identified as taking part in circumvention of United Nations resolutions to combat North Korea's nuclear and missile programs.The British-based Open Source Centre issued a report on Wednesda...Reuters
Thu, May 8
Cheniere's Q1 core profit, revenue beat estimates on strong LNG margins
Cheniere Energy beats estimates for core profit and revenue.Company expects first LNG from second train expansion this month.US/China trade war will not impact 2025 earnings, company says By Curtis Williams May 8 (Reuters) - Cheniere Energy LNG.N, the largest U.S. liquefied natural gas exporter,...Reuters
Thu, May 8
Marathon refinery in Carson, California, reports flaring due to process upset
NEW YORK, May 8 (Reuters) - Marathon Petroleum MPC.N on Thursday reported flaring at its 365,000-barrel-per-day (bpd) refinery in Carson, California, according to a regulatory filing on Thursday.The flaring event was due to a process upset, the Governor's Office Emergency Services filing said. I...Reuters
Thu, May 8
Canada's Cenovus Energy beats Q1 estimates on higher output
Cenovus shares up nearly 10% in mid-day tradingCEO sees clear path to improved performance from refining segmentCompany had trailed analysts' estimates for much of past 12 monthsBy Amanda Stephenson and Pooja Menon May 8 (Reuters) - Shares in Cenovus Energy CVE.TO jumped nearly 10% on Th...Reuters
Thu, May 8
EU approves 5 billion euro French scheme for wine exports to US
PARIS, May 8 (Reuters) - The European Commission has approved a 5 billion euro ($5.6 billion) French scheme to facilitate the export of wines and spirits to the United States, it said on Thursday. The Commission said the temporary scheme - approved under EU state aid rules - will be in place from Ma...Reuters
Thu, May 8
US House passes bill on Trump's Gulf of America
WASHINGTON, May 8 (Reuters) - The Republican-controlled U.S. House of Representatives on Thursday passed a bill to formally change the name of the Gulf of Mexico to the Gulf of America, following President Donald Trump's executive order, though the measure is unlikely to succeed in the Senate.Th...Reuters
Thu, May 8
Wind energy firm EDPR sees core recurring profit rising 13% in 2025
EDPR profit fell 24% in first quarter due to no capital gainsRecurring core profit to reach 1.9 billion euros in 2025CEO denies EDPR is selling any stake in Ocean Wind JVBy Sergio GoncalvesLISBON, May 8 (Reuters) - EDP Renovaveis EDPR.LS, the world's fourth largest wind energy producer, said o...Reuters
Thu, May 8
METALS-Copper buoyed by hopes of easing US-China trade tensions
By Ashitha Shivaprasad May 8 (Reuters) - Copper prices rose on Thursday after sentiment was boosted by U.S. President Donald Trump saying he expected import tariffs on Chinese goods to come down, reversing earlier losses triggered by a firmer dollar. Benchmark copper CMCU3 on the London Metal Exc...Reuters
Thu, May 8
EU approves 5 billion euro French scheme for wine exports to US
PARIS, May 8 (Reuters) - The European Commission has approved a 5 billion euro ($5.6 billion) French scheme to facilitate the export of wines and spirits to the United States, it said on Thursday. The Commission said the temporary scheme - approved under EU state aid rules - will be in place from Ma...Reuters
Thu, May 8
UK carmakers to pay 25% tariff after 100,000-per-year vehicle quota, US Commerce says
WASHINGTON, May 8 (Reuters) - British car manufacturers will pay a 25% tariff on their autos after they meet their 100,000-per-year vehicle quota at the reciprocal rate of 10% under the deal outlined on Thursday, the U.S. Commerce Department said in a statement.The pact also removes UK market barrie...Reuters
Thu, May 8
GRAINS-Soybeans up ahead of US-China talks, corn slips on good weather
Soybeans tick higher on hopes of a trade de-escalationCorn, wheat falter on favorable weatherBy Heather Schlitz CHICAGO, May 8 (Reuters) - Chicago soybean futures crept higher on Thursday as higher soyoil futures and hopes that upcoming U.S.-China trade talks in Switzerland could reduce trade ten...Reuters
Thu, May 8
EXCLUSIVE-US considering new ship registry in US Virgin Islands, sources say
Chinese-owned shipping fleet far outnumbers shrunken US fleetUS merchant ships needed in wartime to move vital materialMany US shipyards have closed in recent decadesBy Jonathan Saul and Jarrett RenshawWASHINGTON, May 8 (Reuters) - President Donald Trump's administration is considering a proposa...Reuters
Thu, May 8
Europe Gasoline/Naphtha-Gasoline margins fall on higher ARA stocks
LONDON, May 8 (Reuters) - Northwest European gasoline profit margins fell by about $1.60 to $15.42 a barrel on Thursday, as inventories in the ARA trading and refining hub rose by 7% to their highest in three weeks.A total of 1,400 metric tons of Eurobob E10 barges traded in the Argus window on Thur...Reuters
Thu, May 8
US Cash Grains-Spot corn basis steady-higher at ethanol plants, soy crusher bids steady-firm
CHICAGO, May 8 (Reuters) - Spot basis bids for corn were steady to higher at U.S. Midwest ethanol plants on Thursday and mostly unchanged at interior and river elevators and at other processors, grain merchants said.Spot soybean basis bids were mostly steady to firmer at crush plants, flat to lower ...Reuters
Thu, May 8
