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Top potash producer Nutrien misses first-quarter profit estimates
May 7 (Reuters) - Nutrien NTR.TO fell short of Wall Street expectations for first-quarter profit on Wednesday, as the top potash producer struggled with lower sales volumes.The Saskatoon, Canada-based firm posted an adjusted profit of 11 cents per share for the quarter ended March 31, compared with ...Reuters
Wed, May 7
US-Houthi ceasefire deal does not include Israel, says Houthi spokesperson
Houthis say ceasefire deal does not include IsraelTrump announces deal with HouthisAgreement does not rule out attacks on any other Israel-linked vessels By Mohammed Ghobari ADEN, May 7 (Reuters) - A ceasefire deal between Yemen's Houthis and the U.S. does not include sparing Israel, the grou...Reuters
Wed, May 7
Occidental reports quarterly profit beat on strong output, natural gas prices
May 7 (Reuters) - Occidental Petroleum OXY.N beat Wall Street estimates for first-quarter profit on Wednesday, helped by strong production and favorable commodity prices.Benchmark Brent crude LCOc1 prices averaged $74.98 a barrel during the first quarter, up 1.3% sequentially, while U.S. natural gas...Reuters
Wed, May 7
APA to sell New Mexico assets for $608 million after quarterly profit beat
May 7 (Reuters) - APA Corp APA.O said on Wednesday that it would sell its New Mexico Permian assets for $608 million as part of an effort to streamline operations and focus on core areas, after it beat Wall Street estimates for first-quarter profit.The assets, which produce about 12,400 barrels of o...Reuters
Wed, May 7
Corteva beats first-quarter profit estimates
May 7 (Reuters) - U.S. agrichemicals firm Corteva CTVA.N beat Wall Street expectations for first-quarter profit on Wednesday, helped by higher prices for its seeds.The Indianapolis-based company posted an adjusted operating profit of $1.13 per share for the three months ended March 31, compared with...Reuters
Wed, May 7
US Cash Crude-Grades little changed as Fed holds interest rates steady
May 7 (Reuters) - U.S. cash crude differentials were broadly steady on Wednesday, dealers said, as the Federal Reserve held interest rates steady. Still, the Fed also said the risks of higher inflation and unemployment had risen, further clouding the economic outlook as the U.S. central bank grapple...Reuters
Wed, May 7
US railroad Amtrak cutting 450 positions, $100 million in annual costs
By David Shepardson WASHINGTON, May 7 (Reuters) - U.S. passenger railroad Amtrak said on Wednesday it is eliminating 450 positions as it aims to cut annual costs by $100 million as future support from Congress remains uncertain.Amtrak said through a reduction-in-force process, and cutting of open...Reuters
Wed, May 7
Oil settles lower as hopes dim for US-China trade and supply worries ease
U.S.-China officials to meet over the weekendVance says 'so far, so good' with Iran nuclear talksU.S. gasoline inventories rose unexpectedly last week, EIA saysU.S. Fed held interest rate steadyBy Nicole Jao NEW YORK, May 7 (Reuters) - Oil prices fell by more than $1 a barrel on Wednesday...Reuters
Wed, May 7
Occidental reports quarterly profit beat
May 7 (Reuters) - Occidental Petroleum OXY.N beat Wall Street estimates for first-quarter profit on Wednesday, helped by higher production and favorable oil and gas prices.The company reported an adjusted profit of 87 cents per share for the quarter ended March 31, compared with analysts' averag...Reuters
Wed, May 7
Oil producer APA's quarterly profit beats estimates on higher output
May 7 (Reuters) - APA Corp APA.O beat Wall Street estimates for first-quarter profit on Wednesday, as the oil and gas producer benefited from a rise in output that helped offset falling crude prices. The Houston, Texas based company said adjusted profit was $1.06 per share for the three months ended...Reuters
Wed, May 7
GRAINS-Chicago soybeans end down amid US-China trade jitters
Soybeans fell after Trump said he won't preemptively lower China tariffsCorn, wheat lose ground on favorable weather conditionsBy Heather Schlitz CHICAGO, May 7 (Reuters) - Chicago soybean, corn and wheat futures ended a choppy session lower on Wednesday as signs of a thaw in the U.S.-China t...Reuters
Wed, May 7
U.S. Plains HRW Wheat-Basis steady as selling increases gradually
CHICAGO, May 7 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady in the southern U.S. Plains on Wednesday as K.C. HRW wheat futures KWN25 weakened and a quiet trade slowly picked up, according to dealers. Protein premiums for railcar wheat to and through Kansas City rose 3...Reuters
Wed, May 7
CBOT soybeans falter on trade tensions, light demand
CHICAGO, May 7 (Reuters) - Chicago Board of Trade soybeans ticked lower on Wednesday as concerns about demand and global competition loomed over the market, though signs of a thaw in the trade standoff between China and the U.S. added support.Though a planned meeting between senior U.S. and Chinese ...Reuters
Wed, May 7
ICE canola futures rise before stocks report
WINNIPEG, Manitoba, May 7 (Reuters) - ICE canola futures in pre-report shuffling on Wednesday, as other vegoils fell.• July canola RSN5 settled up $7.60 at $701.30 per metric ton. November RSX5 rose $7.01 to $663.• Traders said tight canola stocks and speculation about what might be reported by Stat...Reuters
Wed, May 7
US natural gas prices climb 5% on return of Freeport LNG, lower output
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 1% over five-year normalBy Scott DiSavino May 7 (Reuters) - U.S. natural gas futures climbed about 5% on Wednesday on a drop in output and forecasts for demand to rise more than previously exp...Reuters
Wed, May 7
KoBold Metals agrees on framework to buy stake in Congo lithium deposit
May 7 (Reuters) - California-based metals exploration company KoBold Metals said on Wednesday that it had agreed on a framework to buy AVZ Minerals' AVZ.AX interests in the Manono lithium deposit in the Democratic Republic of Congo. The agreement will enable KoBold, which is backed by billi...Reuters
Wed, May 7
US railroad Amtrak cutting 450 positions, $100 million in annual costs
May 7 (Reuters) - U.S. passenger railroad Amtrak said on Wednesday it is eliminating 450 positions as it aims to cut annual costs by $100 million as future support from Congress remains uncertain.Amtrak said through a reduction-in-force process, and cutting of open positions, Amtrak has eliminated a...Reuters
Wed, May 7
CBOT wheat futures edge lower on improving harvest prospects
May 7 (Reuters) - Chicago Board of Trade wheat futures ticked down on Wednesday as rains moving across the U.S. wheat belt pressured prices, traders said. The wheat market has drawn support from dryness concerns in Henan, a major wheat-producing province in China. Reduced output there could spur mor...Reuters
Wed, May 7
CBOT corn futures tick down on favorable planting weather
CHICAGO, May 7 (Reuters) - Chicago Board of Trade corn futures crept lower on Wednesday despite good demand for U.S. corn as favorable planting weather in the U.S. Midwest and the upcoming Brazilian corn harvest pressured pricesFavorable weather over the next 10 days in the U.S. Midwest is expected ...Reuters
Wed, May 7
USDA projects sharp increase in India's sugar production
May 7 (Reuters) - Following are selected highlights from a report issued by the U.S. Department of Agriculture's Foreign Agricultural Service post in New Delhi:"India's sugar production is to reach 35 million metric tons raw value in 2025/26, reflecting a 26% increase from the revised es...Reuters
Wed, May 7
