News
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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
Mexico agriculture minister says reached 'beneficial' agreements with US counterpart
MEXICO CITY, May 6 (Reuters) - Mexican Agriculture Minister Julio Berdegue met his U.S. counterpart Brooke Rollins in a "friendly" meeting during which they reached agreements he said would be beneficial to both countries, he said in a post on X on Tuesday.Reuters
Tue, May 6
Trump funding cuts force layoffs at US renewable energy research lab
May 6 (Reuters) - The National Renewable Energy Laboratory (NREL), a research division of the U.S. Department of Energy that focuses on energy sources like wind and solar, said on Tuesday that it laid off 114 employees due to federal budget cuts, stop work orders and new directives.WHY IT'S IMPO...Reuters
Tue, May 6
Trump announces deal to stop bombing Houthis, end shipping attacks
Trump says US will stop bombing Houthis 'effective immediately'Oman says it mediated ceasefire deal between Houthis and USHouthi attacks on Israel were not mentioned by Oman or TrumpHouthis warn that Zionists should 'stay in shelters' Say U.S. halt of 'aggression' will be ev...Reuters
Tue, May 6
Devon Energy misses first-quarter profit estimates on lower oil prices
May 6 (Reuters) - Devon Energy DVN.N missed Wall Street estimates for first-quarter profit on Tuesday, as lower oil prices offset higher production.Shares were down about 1% at $30.29 in extended trading.Average Brent crude futures LCoc1 fell on average in the first quarter from a year earlier on fe...Reuters
Tue, May 6
Mosaic beats first-quarter profit estimates
May 6 (Reuters) - Mosaic MOS.N beat Wall Street expectations for first-quarter profit on Tuesday, driven by strength in its fertilizers business.The Tampa, Florida‑based company reported adjusted earnings of 49 cents per share for the quarter ended March 31, compared with analysts’ average estimate ...Reuters
Tue, May 6
Devon Energy misses first-quarter profit estimates
May 6 (Reuters) - Devon Energy DVN.N missed first-quarter profit estimates on Tuesday, hit by lower oil prices.The U.S. oil and gas producer reported an adjusted profit of $1.21 per share for the quarter ended March 31, compared with analysts' average estimate of $1.25, according to data compile...Reuters
Tue, May 6
Oil rises 3% on signs of more Europe and China demand, less US output
Brent, WTI rebound from Monday's close at four-year lowsChina spending increased during May Day holidayIsrael strikes Houthi targets in YemenEuropean Commission proposes more sanctions against RussiaUS crude, product inventories likely down last week -pollBy Scott DiSavino NEW YORK, May 6 (Re...Reuters
Tue, May 6
US natgas prices slide 3% on lower flows to LNG export plans and forecasts for less demand
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 6 (Reuters) - U.S. natural gas futures fell about 3% on Tuesday on forecasts for lower demand over the next two weeks than previously expected and...Reuters
Tue, May 6
LIVESTOCK-CME cattle higher on surging cash market
By Heather SchlitzCHICAGO, May 6 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures crept higher on Tuesday as strong wholesale beef prices and a tight cattle supply compelled meatpackers to pay up for each head of cattle, lending support to the cash market and cattle futu...Reuters
Tue, May 6
US natgas prices fall on market talk that Freeport LNG export plant in Texas shut
May 6 (Reuters) - U.S. natural gas NGc1 futures prices declined on Tuesday on market talk that U.S. liquefied natural gas company Freeport LNG's export plant in Texas is shut.Officials at Freeport declined to comment.Freeport is one of the most closely watched LNG export plants in the world beca...Reuters
Tue, May 6
US will not pay for California high-speed rail, Trump says
By David Shepardson, Steve Holland WASHINGTON, May 6 (Reuters) - The U.S. government will not pay for a high-speed rail line planned between Los Angeles and San Francisco, President Donald Trump told reporters at the White House on Tuesday, citing cost overruns.The Republican president's admi...Reuters
Tue, May 6
ICE canola futures fall with soy, palm
WINNIPEG, Manitoba - May 6 (Reuters) - ICE canola futures fell in sympathy with Chicago soyoil and Asian palm oil on Tuesday.• July canola RSN5 settled down $8.00 at $693.70 per metric ton. November RSX5 fell $1.00 to $655.90. • The old crop/new crop spread, which shows different expectations for ca...Reuters
Tue, May 6
Mexico's Pemex increased crude shipments to Cuba in 2024, filing shows
May 6 (Reuters) - Mexican state oil company Pemex increased shipments of crude to Cuba by almost 20% last year as the island's energy crisis worsened, according to a company filing.Pemex affiliate Gasolinas de Bienestar exported 20,100 barrels per day of crude and 2,700 bpd of oil products in 20...Reuters
Tue, May 6
CBOT wheat futures up on short covering, weather concerns
May 6 (Reuters) - Chicago Board of Trade wheat futures crept higher on Tuesday on technical trading and weather risks in China, traders said.Traders said hot, dry weather in the major grain-growing province of Henan has raised concerns about wheat growth and led to short covering. A diminished Chine...Reuters
Tue, May 6
GRAINS-Soybeans continue slide on trade tensions, tumbling soyoil
Soybean futures drop on tensions from US-China trade warCorn mixed amid strong harvest pressure in BrazilWheat higher on short covering, weather concernsBy Heather Schlitz CHICAGO, May 6 (Reuters) - Chicago soybean futures slid for the second session on Tuesday as worries over international trade...Reuters
Tue, May 6
