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Another US fighter jet falls into sea from Truman aircraft carrier, US officials say
WASHINGTON, May 6 (Reuters) - A U.S. F-18 fighter jet was lost in the Red Sea on Tuesday after tipping off the flight deck of the Harry S Truman aircraft carrier, in the second such incident in about a week, two U.S. officials said, speaking on condition of anonymity.The officials said the fighter j...Reuters
Wed, May 7
GRAINS-Chicago soy, corn and wheat futures gain on China-U.S. trade optimism
BEIJING, May 7 (Reuters) - Chicago soybean and grain futures climbed on Wednesday, supported by news of an upcoming meeting between the U.S. and Chinese officials in Switzerland, raising hopes of easing trade tensions. Wheat was also supported by the dry weather in China's key growing province o...Reuters
Wed, May 7
Oil up on signs of more Europe and China demand, less US output
By Nicole Jao May 7 (Reuters) - Oil prices rose on Wednesday on signs of weakening production in the U.S. and higher demand in Europe and China as buyers emerged after prices fell to new lows earlier in the week.Brent crude futures LCOc1 gained 37 cents a barrel, or 0.6%, to $62.52 a barrel by 12...Reuters
Wed, May 7
I Squared, Enbridge and MPLX to acquire majority stake in Matterhorn natgas pipeline
May 6 (Reuters) - Infrastructure investment firm I Squared, midstream company MPLX LP MPLX.N, and pipeline operator Enbridge Inc ENB.TO have entered an agreement to acquire up to 85% interest in the Matterhorn Express gas pipeline, the companies said on Tuesday.Infrastructure company WhiteWater, whi...Reuters
Wed, May 7
Gold soars to two-week high on trade jitters, India-Pakistan tensions
Gold rallied to a two-week peak on Tuesday as the Chinese markets resumed operations following a long weekend holiday and concerns about US trade policies. Geopolitical risks also boosted the precious metal, with a new conflict emerging between Pakistan and India.
Fxstreet
Wed, May 7
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 7 (Reuters) - Contract Target Support/Resistance Brent oil $60.92res $62.42/$63.62Palm oil (3rd month)3,702 ringgitres 3,765/3,804 ringgitWTI* $59.05/$57.61res $60.21/$61.38Spot gold$3,355/$3,319res $3,436/$3,467LME copper (3rd month)*$9,600/...Reuters
Wed, May 7
U.S. Plains HRW Wheat-Basis steady-firmer as KC futures stabilize
CHICAGO, May 6 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady to firmer in the southern U.S. Plains on Tuesday as K.C. HRW wheat futures KWN25 hovered a few cents above contract lows set last week. The basis improved by a nickel per bushel at an Enid, Oklahoma, elevator.A gr...Reuters
Tue, May 6
Mexico agriculture minister says reached deals with US counterpart, met with tomato sector
By Cassandra Garrison MEXICO CITY, May 6 (Reuters) - Mexican Agriculture Minister Julio Berdegue said on Tuesday he reached agreements with U.S. counterpart Brooke Rollins in a "friendly" meeting in Washington and met with tomato industry executives.Berdegue did not elaborate in his post ...Reuters
Tue, May 6
Major Venezuelan refinery restarts processing unit after a year offline, sources say
May 6 (Reuters) - Venezuela's second largest refinery, Cardon, restarted its fluid catalytic cracker which had been out of service for more than a year due to a failure and lack of raw materials, four sources close to operations said Tuesday.The 88,000 barrels per day (bpd) capacity cracker, or ...Reuters
Tue, May 6
US senators urge USDA to explain DOGE review of farm loans
By P.J. Huffstutter and Leah Douglas CHICAGO/WASHINGTON, May 7 (Reuters) - Democrats in the U.S. Senate have asked the Department of Agriculture to explain why billionaire Elon Musk's Department of Government Efficiency must approve certain government farm loans and loan guarantees before the...Reuters
Tue, May 6
US Cash Crude-Grades little changed as oil futures rise
May 6 (Reuters) - U.S. physical crude differentials were steady on Tuesday, while oil futures rose 3% on signs of more demand in Europe and China. Oil markets have been declining since last week after Saudi Arabia said it could withstand a period of lower oil prices, and the Organization of the Petr...Reuters
Tue, May 6
Energy Transfer nears greenlight on Lake Charles LNG project
By Georgina McCartney and Curtis Williams HOUSTON, May 6 (Reuters) - U.S. pipeline company Energy Transfer ET.N on Tuesday said it is nearing a go-ahead on its Lake Charles liquefied natural gas project after an unnamed Japanese company agreed to buy 1 million metric tonnes of LNG from the propos...Reuters
Tue, May 6
Major Venezuelan refinery restarts processing unit after a year offline, sources say
May 6 (Reuters) - Venezuela's second largest refinery, Cardon, restarted its fluidized catalytic cracker after being out of service for more than a year due to a failure and lack of raw materials, four sources close to operations said Tuesday.The 88,000 barrels per day (bpd) capacity cracker, or...Reuters
Tue, May 6
Canada's Suncor reports first-quarter profit beat on refining strength
May 6 (Reuters) - Canadian oil producer Suncor Energy SU.TO reported first-quarter profit above analysts' expectations on Tuesday, as it benefited from greater refinery production and sales volumes. The upbeat results come amid a broader rebound in North American refining margins. Last week, pee...Reuters
Tue, May 6
CANADA-CRUDE-Discount on Western Canada Select heavy crude tightens further, settles below $9
May 6 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 continued its tightening trend on Tuesday, settling below $9 for the first time in approximately five years.WCS for June delivery in Hardisty, Alberta,...Reuters
Tue, May 6
US senator investigates claims of child labor at Tyson Foods plant
By Tom Polansek CHICAGO, May 6 (Reuters) - U.S. Senator Josh Hawley said on Tuesday he launched an investigation into Tyson Foods TSN.N after a former employee of the meat company alleged that children worked at one of its processing plants.The meat industry has come under increased pressure from...Reuters
Tue, May 6
Search at sea halted for 7 lost in suspected migrant crossing off California
By Steve GormanLOS ANGELES, May 6 (Reuters) - A search for seven people lost from a small boat that capsized off California near San Diego has been called off with no sign of survivors, the U.S. Coast Guard said on Tuesday, bringing to 10 the likely death toll in a suspected migrant smuggling bid go...Reuters
Tue, May 6
Mosaic beats first-quarter profit estimates on South America business strength
May 6 (Reuters) - Fertilizer producer Mosaic MOS.N beat Wall Street expectations for first-quarter profit on Tuesday, driven by strength in its South America business.Shares of the company rose more than 2% after the bell.The results come as the agrichemical industry braces for the potential fallout...Reuters
Tue, May 6
Crop tour projects Oklahoma winter wheat crop at 101.169 million bushels
By Julie IngwersenCHICAGO, May 6 (Reuters) - A group of Oklahoma crop experts on Tuesday projected Oklahoma's 2025 winter wheat harvest at 101.169 million bushels, with an average yield of 35.9 bushels per acre, following an annual tour of the state, said Mike Schulte, executive director of the ...Reuters
Tue, May 6
