News
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US Plains HRW Wheat-Basis bids steady as futures drop
CHICAGO, April 29 (Reuters) - Spot hard red winter wheat basis bids were flat in the U.S. Plains on Tuesday as wheat futures fell sharply and farmer selling remained slow, dealers said. More rain is expected in the southern U.S. Plains in the week ahead, which could further ease drought and help cro...Reuters
Tue, Apr 29
CORRECTED-Koch to exit oil, fuel trade
By Shariq Khan NEW YORK, April 29 (Reuters) - U.S. industrial conglomerate Koch's Minerals & Trading unit (KM&T) is exiting the crude and refined products business to focus on more consumer-facing products, a spokesperson for KM&T said on Tuesday.Reuters reported in November that ...Reuters
Tue, Apr 29
US Cash Crude-Grades eased as US crude stocks rise more than expected
April 29 (Reuters) - U.S. cash crude grades eased slightly on Tuesday, dealers said, as U.S. crude stocks rose more than expected last week. WTI Midland WTC-WTM eased 10 cents, while Mars Sour WTC-MRS eased 20 cents.U.S. crude stocks rose by 3.8 million barrels in the week ended April 25, market sou...Reuters
Tue, Apr 29
Petrobras posts nearly stable Q1 oil and gas output from year earlier
RIO DE JANEIRO/SAO PAULO, April 29 (Reuters) - Brazilian state-run oil firm Petrobras PETR4.SA reported on Tuesday an oil, gas and gas liquids production of 2.77 million barrels of oil equivalent per day (boed) in the first quarter, down 0.2% from a year earlier.Petrobras' oil production in Bra...Reuters
Tue, Apr 29
ONEOK reports marginally lower first-quarter profit on higher operating costs
April 29 (Reuters) - U.S. pipeline operator ONEOK OKE.N on Tuesday reported a marginal fall in first-quarter profit, hurt by higher operating costs and divestments.Shares were down 3.7% at $84.60 in extended trading.Quarterly operating costs jumped about 32% to $752 million from a year earlier, weig...Reuters
Tue, Apr 29
Petrobras posts nearly stable Q1 oil and gas output from year earlier
SAO PAULO, April 29 (Reuters) - Brazilian state-run oil firm Petrobras PETR4.SA reported on Tuesday an oil, gas and gas liquids production of 2.77 million barrels of oil equivalent per day (boed) in the first quarter, down 0.2% from a year earlier.Reuters
Tue, Apr 29
Mondelez beats first-quarter profit estimates on higher prices
April 29 (Reuters) - Cadbury-parent Mondelez International MDLZ.O beat Wall Street estimates for first-quarter profit on Tuesday, driven by the high prices for its chocolates and biscuits.Mondelez implemented several rounds of price increases in recent quarters to offset rising costs of inputs, such...Reuters
Tue, Apr 29
First Solar lowers annual sales and profit forecast on near-term tariff troubles
April 29 (Reuters) - First Solar FSLR.O lowered its annual sales and profit forecast on Tuesday due to near-term tariff-related challenges amid the ongoing U.S.-China trade war and tepid residential demand in the United States, sending its shares down 11% in after-hours trading.U.S. residential sola...Reuters
Tue, Apr 29
Expand Energy beats quarterly profit estimates, expects minimal tariff impact
April 29 (Reuters) - Top U.S. natural gas producer Expand Energy EXE.O beat analysts' estimates for first-quarter profit on Tuesday, driven by higher natural gas prices and production, and signaled minimal near-term potential impact from tariffs.Share were up about 1% at $108.50 in extended trad...Reuters
Tue, Apr 29
Codelco chairman says copper production up 22% in April
SANTIAGO, April 29 (Reuters) - Copper output from Chile's state-run Codelco rose 22% in April compared to the same period a year before, Chairman Maximo Pacheco said on Tuesday. He added that he is optimistic on securing the approval of China regulators for a joint venture with lithium producer ...Reuters
Tue, Apr 29
Guyana proposes to make companies liable for oil spill damages
By Kemol King GEORGETOWN, April 29 (Reuters) - Guyana's government has submitted an oil pollution bill to the Parliament proposing to make responsible parties liable for damages caused by oil spills, including from vessels, according to a copy of the act published in the Official Gazette.The ...Reuters
Tue, Apr 29
US textile industry expresses disappointment in letter to Treasury chief Bessent
WASHINGTON, April 29 (Reuters) - The U.S. textile industry expressed disappointment in a letter to Treasury Secretary Scott Bessent on Tuesday after his remarks on not needing their sector in the United States."Our industry saw your remarks and were disheartened to hear this sentiment, especiall...Reuters
Tue, Apr 29
Smithfield Foods says tariffs make China unviable market for its US pork
Smithfield pivots business after China raises tariffs on US goodsExecutives eye alternative markets for pork productsCompany's Q1 sales rise 9.5% as hog production unit recoversBy Tom Polansek and Savyata Mishra April 29 (Reuters) - China, the world's biggest pork consumer, is no longer ...Reuters
Tue, Apr 29
Mondelez beats first-quarter profit estimates
April 29 (Reuters) - Cadbury-parent Mondelez International MDLZ.O beat Wall Street estimates for first-quarter profit on Tuesday, driven by resilient demand for its high-priced chocolates and biscuits while cocoa prices eased.On an adjusted basis, the company earned 74 cents per share for the quarte...Reuters
Tue, Apr 29
Expand Energy beats first-quarter profit estimates
April 29 (Reuters) - Expand Energy EXE.O beat analysts' estimates for first-quarter profit on Tuesday, driven by a jump in natural gas prices. The company reported an adjusted profit of $2.02 per share for the quarter ended March 31, compared with analysts' average estimate of $1.88, accord...Reuters
Tue, Apr 29
Mexico's Olmeca refinery will restart and halt was 'nothing serious,' president says
MEXICO CITY, April 29 (Reuters) - Mexico's new Olmeca refinery is ready to restart production, Mexican President Claudia Sheinbaum said on Tuesday, denying that a temporary outage had been caused by sabotage of its catalytic cracking unit. Located at the port of Dos Bocas, the Olmeca refiner...Reuters
Tue, Apr 29
Vale checking alternatives for nickel assets amid challenging scenario
RIO DE JANEIRO, April 29 (Reuters) - Brazilian miner Vale VALE3.SA is studying alternatives for its nickel portfolio including selling, making partnerships or putting assets in care and maintenance, as the market faces a challenging short-term scenario, its CEO said on Tuesday.Chief Executive Gustav...Reuters
Tue, Apr 29
Timely US rains send Chicago wheat futures plunging
April 29 - Chicago Board of Trade wheat futures closed sharply lower on Tuesday, with nearly all traded contracts sliding to new contract lows during the session, on timely rainfall for U.S. crops and questions about Russian supplies on the global market, market analysts said.CBOT July soft red wint...Reuters
Tue, Apr 29
