News
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CBOT wheat eases as USDA releases crop data
CHICAGO, April 22 (Reuters) - Chicago Board of Trade wheat futures ended slightly lower on Tuesday as the U.S. dollar fell and winter wheat conditions were shown declining, according to the U.S. Department of Agriculture. CBOT July soft red winter wheat WN25 settled down 2 cents to $5.50-1/4 per bus...Reuters
Tue, Apr 22
GRAINS-Chicago soybeans get a technical bounce, corn and wheat ease
Soybeans rebound following Monday's markets selloffWeak dollar underpins U.S. grains Limited showers forecast for U.S. Midwest would allow corn planting windowBy Renee Hickman CHICAGO, April 22 (Reuters) - Chicago soybean futures bounced on Tuesday while corn and wheat eased as broader financ...Reuters
Tue, Apr 22
CBOT soybeans bounce back on technical trading
CHICAGO, April 22 (Reuters) - Chicago Board of Trade soybean futures bounced back on Tuesday on a technical recovery following a wider market selloff the day before, triggered by U.S. President Donald Trump bashing Federal Reserve Chair Jerome Powell over interest rates. CBOT July soybeans SN25 sett...Reuters
Tue, Apr 22
CBOT corn falls as planting window forecast in Midwest
CHICAGO, April 22 (Reuters) - Chicago Board of Trade corn futures ended lower on Tuesday as forecasts showed limited rains in the U.S. Midwest allowing for improved planting progress in the coming weeks. July corn CN25 ended down 6-3/4 cents to $4.83-1/4 a bushel.Midwest showers are expected to be ...Reuters
Tue, Apr 22
New England grid demand hits record low as rooftop solar kicks in
By Laila KearneyNEW YORK, April 22 (Reuters) - Power grid use in the far northeast United States registered an all-time low over the weekend as mild weather and rooftop solar panels slashed demand on the regional electrical system, grid operator ISO New England said on Tuesday.WHY IT MATTERSThe U.S....Reuters
Tue, Apr 22
US disburses part of loan to Michigan nuclear power plant for restart
By Timothy GardnerWASHINGTON, April 22 (Reuters) - A Michigan nuclear reactor hoping to be the first in the United States to restart after permanent closure has received about 10% of $1.52 billion in U.S. financing approved during former President Joe Biden's term, the Energy Department said on ...Reuters
Tue, Apr 22
US natgas prices hold at 5-month low on near record output, mild forecasts
U.S. LNG export feedgas on track to hit record high in AprilU.S. gas output on track to hit record high in AprilU.S. gas storage about 7% below five-year averageBy Scott DiSavino April 22 (Reuters) - U.S. natural gas futures held at a five-month low on Tuesday on near record output so far this mo...Reuters
Tue, Apr 22
Elliott wants BP to boost free cash flow to $20 billion by 2027, source says
By Shadia Nasralla April 22 (Reuters) - Activist investor Elliott Management has urged BP BP.L to boost its free cash flow to $20 billion by 2027 from around $8 billion last year through significant spending cuts and cost reductions, a source familiar with the situation said on Tuesday. El...Reuters
Tue, Apr 22
EU looking at options to forbid new Russian gas contracts, source says
By Kate AbnettBRUSSELS, April 22 (Reuters) - The European Commission is assessing whether it could legislate to forbid firms in the European Union from signing new contracts for Russian fossil fuels, a senior EU official said on Tuesday. It is also working on legal options to allow EU companies to b...Reuters
Tue, Apr 22
Barrick Gold said to seek buyers for its last mine in Canada, Bloomberg News reports
April 22 (Reuters) - Canada's Barrick Gold ABX.TO is looking to sell its last mine in the country in a push to capitalize on record gold prices and a renewed interest in North American mining operations, Bloomberg News reported on Tuesday, citing people familiar with the matter.Earlier on Tuesda...Reuters
Tue, Apr 22
Halliburton warns of tariff impact, lower North America oilfield activity; shares plunge
Forecasts 2-3 cents per share impact in Q2 from trade tensionsCompany says customers evaluating their activity scenariosYear-over-year international revenue to be flat to slightly downHalliburton shares fall 6%, have lost 24% YTDBy Arunima Kumar and Arathy Somasekhar HOUSTON, April 22 (Reuters) -...Reuters
Tue, Apr 22
Bessent sees de-escalation in US-China trade tensions, talks to be 'a slog'
WASHINGTON, April 22 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that he believes there will be a de-escalation in U.S.-China trade tensions, but described future negotiations with Beijing as a "slog" that has not started yet, according to a person who heard his closed-...Reuters
Tue, Apr 22
White House says it has received trade deal proposals from 18 countries
April 22 (Reuters) - The Trump administration has received trade deal proposals from 18 nations while officials, including U.S. Commerce Secretary Howard Lutnick, are meeting this week with 34 countries to discuss trade, the White House said on Tuesday.Reuters
Tue, Apr 22
GRAINS-Chicago soybeans get a technical bounce, corn and wheat ease
Soybeans rebound following Monday's markets selloffWeak dollar underpins U.S. grains Limited showers forecast for U.S. Midwest would allow corn planting windowBy Renee Hickman CHICAGO, April 22 (Reuters) - Chicago soybean futures bounced on Tuesday while corn and wheat eased as broader financ...Reuters
Tue, Apr 22
EU wheat drops to new lows as supply pressure builds
PARIS, April 22 (Reuters) - Euronext wheat slid to new contract lows on Tuesday as forecast rain eased crop concerns and reinforced the prospect of ample supplies after a slow export season, traders said.September futures BL2U5, the most active position on Euronext's Paris-based milling wheat fu...Reuters
Tue, Apr 22
METALS-Copper gains defy gloomy outlook
By Pratima Desai LONDON, April 22 (Reuters) - Copper prices hit their highest in more than two weeks on Tuesday as a weaker dollar triggered fund buying, but traders doubted upward momentum would be maintained given that U.S. import tariffs dominate sentiment.Levies imposed by President Donald Tr...Reuters
Tue, Apr 22
Europe Gasoline/Naphtha-Gasoline margins rise
LONDON, April 22 (Reuters) - Northwest European gasoline refining profit rose $1.78 to $12.55 a barrel on Tuesday as European exports were on track to rise in April.A total of 6,000 metric tons of Eurobob E5 traded, with Trafigura selling barges to Litasco and Varo.Another 8,000 tons of Eurobob E10 ...Reuters
Tue, Apr 22
EU looking at legal options to break Russian gas contracts, source says
BRUSSELS, April 22 (Reuters) - The European Commission is working on legal options to allow EU companies to break their gas supply contracts with Russia without facing penalties, and potentially forbid European firms from signing new contracts for Russian fossil fuels, a senior EU official said.Reuters
Tue, Apr 22
Elliott increases BP stake to just over 5%
LONDON, April 22 (Reuters) - Activist hedge fund Elliott holds 5.006% of voting rights in BP BP.L, according to a regulatory notice published on Tuesday, crossing the threshold that requires reporting of big shareholdings in British companies.This makes Elliott BP's second-biggest shareholder af...Reuters
Tue, Apr 22
