News
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US Plains HRW Wheat-Basis bids even in quiet trade, futures lower
CHICAGO, May 5 (Reuters) - Spot hard red winter wheat basis bids were unchanged in the U.S. Plains on Monday with most buyers finished rolling their basis bids to the July contract KWN25 ahead of the May contract's expiration date, and futures settling lower. For the week ending May 4, the U.S. ...Reuters
Mon, May 5
US Cash Crude-Grades little changed after OPEC decides to expedite output hikes
May 5 (Reuters) - U.S. cash crude grades were little changed on Monday, dealers said, as traders assessed OPEC's decision to expedite its output hikes. On Saturday, OPEC+ agreed to further speed up oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per...Reuters
Mon, May 5
Williams beats first quarter profit estimates, says CEO to step down
May 5 (Reuters) - U.S. pipeline operator Williams WMB.N beat first-quarter profit estimates on Monday, and said Alan Armstrong will step down as the chief executive officer, effective July 1.The company posted an adjusted profit of 60 cents per share for the quarter ended March 31, compared with ave...Reuters
Mon, May 5
Valero Says Fire At Its Benicia, California Refinery Has Been Extinguished
May 5 (Reuters) - VALERO ENERGY CORP:SAYS FIRE OCCURRED AT VALERO’S BENICIA, CALIFORNIA REFINERY HAS BEEN EXTINGUISHEDSAYS ALL PERSONNEL ACCOUNTED FOR AND THERE ARE NO INJURIES, CAUSE OF INCIDENT IS UNDER INVESTIGATION AT VALERO’S BENICIA, CALIFORNIA REFINERY RELATED: nL1N3RD0RREFINERY CAPACITY: 145...Reuters
Mon, May 5
Diamondback Energy beats first-quarter profit estimates
May 5 (Reuters) - U.S. shale producer Diamondback Energy FANG.O beat estimates for first-quarter profit on Monday, as the company benefited from higher natural gas prices. The company reported an adjusted profit of $4.54 per share for the quarter ended March 31, compared with analysts' average e...Reuters
Mon, May 5
Supply issues, compliance costs drive up California fuel prices, EIA says
By Nicole Jao May 5 (Reuters) - Drivers in California pay higher prices at the pump than any other state in the country due to supply issues, costs from environmental compliance and fuel requirements, and high state taxes and fees, the U.S. Energy Information Administration said on Monday.In Marc...Reuters
Mon, May 5
Crude Oil prices stabilize after OPEC output hike sends barrel bids lower
West Texas Intermediate (WTI) Crude Oil prices are stabilizing on Monday, clawing back near-term losses after the Organization of the Petroleum Exporting Countries (OPEC) announced it would begin stepping up its internal production quotas beginning in June.Fxstreet
Mon, May 5
ICE canola futures fall on vegoils, crude oil weakness
WINNIPEG, Manitoba - May 5 (Reuters) - ICE canola futures dropped in sympathy with competing vegoils and crude oil on Monday.• July canola RSN5 settled down $6.30 at $701.70 per metric ton. November RSX5 settled down 50 cents at $656.90. Contracts for 2026 all slightly rose.• The old crop/new crop s...Reuters
Mon, May 5
CBOT wheat futures follow corn futures lower
May 5 - Chicago Board of Trade wheat futures fell on Monday on spillover weakness from corn futures, though weather concerns in China and the Black Sea helped add a floor to prices.Ahead of the U.S. Department of Agriculture's weekly crop progress report, analysts on average expect the USDA to r...Reuters
Mon, May 5
GRAINS-Soybeans fall as traders await US-China trade talks
Soybean traders await news of US-China trade talksPositive US crop condition, planting report expectedBy Heather Schlitz CHICAGO, May 5 (Reuters) - Chicago soybean futures fell on Monday as traders awaited updates on possible U.S.-China trade talks amid mounting competition from Brazil, traders s...Reuters
Mon, May 5
US natgas prices slide 2% on lower demand forecasts, LNG flows
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 5 (Reuters) - U.S. natural gas futures slid about 2% on Monday on forecasts for lower demand next week than previously expected and a decline in t...Reuters
Mon, May 5
CBOT soybeans falter as traders await trade talks
CHICAGO, May 5 (Reuters) - Chicago Board of Trade soybeans fell on Monday as traders awaited updates on possible U.S.-China trade talks amid mounting competition from Brazil, traders said.China is evaluating an offer from Washington to hold talks over tariffs, China's Commerce Ministry said on F...Reuters
Mon, May 5
CBOT corn eases on expectations of speedy planting progress
CHICAGO, May 5 (Reuters) - Chicago Board of Trade corn futures fell on expectations that the U.S. Department of Agriculture will report good planting progress in its weekly crop progress report after the market close on MondayU.S. farmers were estimated to have planted 41% of the nation's corn c...Reuters
Mon, May 5
PRECIOUS-Gold gains on dollar weakness, safe-haven demand
Fed's policy decision due on Wednesday U.S. dollar down 0.1% Gold to continue outperforming silver, Goldman Sachs saysBy Sarah Qureshi May 5(Reuters) - Gold prices gained more than 2% on Monday, driven by a weaker dollar and safe-haven demand, while the market awaits a policy decision from th...Reuters
Mon, May 5
CORRECTED-Olympics-Long Beach Olympics? LA Games to put spotlight on vibrant coastal city
By Rory CarrollLONG BEACH, California, May 5 (Reuters) - The Los Angeles Olympics in 2028 are set to showcase Long Beach, the vibrant coastal city in southeastern Los Angeles County with a rich sports and cultural history, that will host 11 events. Beach volleyball, water polo, sailing and sport cli...Reuters
Mon, May 5
Gold price surges above $3,300 as US Dollar sinks, traders eye Fed meeting
Gold (XAU/USD) prices jumped over 2%, or more than $70, on Monday as the Greenback was battered, although positive economic data from the United States (US) suggests the economy remains solid. XAU/USD trades at $3,309 after bouncing off daily lows of $3,237.
Fxstreet
Mon, May 5
Democratic-led states sue to block Trump's halting of wind projects
Suit led by New York accuses Trump of exceeding his powerTrump signed a January memorandum targeting wind industryBy Nate Raymond BOSTON, May 5 (Reuters) - A coalition of Democratic state attorneys general sued on Monday in a bid to block President Donald Trump's move to suspend leasing and p...Reuters
Mon, May 5
US Cash Grains-Corn bids higher as futures ease
CHICAGO, May 5 (Reuters) - Spot basis bids for corn were up at ethanol plants in the U.S. Midwest on Monday with dealers trying to spur selling from farmers who have been busy with spring planting.The corn basis rose at ethanol plants in Union City, Indiana and Council Bluffs, Iowa. The soy basis fe...Reuters
Mon, May 5
Active fire at Valero Benicia, California refinery, fire department reports
May 5 (Reuters) - The Benicia Fire Department said in a Facebook post on Monday that units are currently responding to an active fire at Valero’s Benicia refinery in California.The refinery has a capacity of 145,000 barrels per day.Reuters
Mon, May 5
