News
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US finalizes tariffs on Southeast Asian solar imports
April 21 (Reuters) - U.S. trade officials finalized steep tariff levels on most solar cells from Southeast Asia, a key step toward wrapping up a year-old trade case in which American manufacturers accused Chinese companies of flooding the market with unfairly cheap goods.
Reuters
Tue, Apr 22
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, April 22 (Reuters) - Contract Target Support/Resistance Brent oil $65.81/$64.91res $66.71/$67.83Palm oil (3rd month)3,818/3,725 ringgitres 3,929/3,968 ringgitWTI* $62.43/$61.47res $64.56/$65.37Spot gold$3,463/3,481/$3,581sup $3,402/$3,384LME coppe...Reuters
Mon, Apr 21
US judge confirms Red Tree's offer as starting bid in Citgo parent's auction
By Marianna Parraga HOUSTON, April 21 (Reuters) - A U.S. federal judge on Monday confirmed a $3.7 billion offer by Contrarian Funds' affiliate Red Tree Investments as the starting bid in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to pay creditors and bondhol...Reuters
Mon, Apr 21
LIVESTOCK-CME cattle dips on demand fears as stock market tumbles
CHICAGO, April 21 (Reuters) - Chicago Mercantile Exchange cattle futures lost ground on Monday as a nosedive in the equities market spurred fears of lower consumer demand for beef, according to analysts. CME June live cattle futures LCM25 settled down 0.325 cent at 203.750 cents per pound and Ma...Reuters
Mon, Apr 21
ADM closing soybean processing plant in Kershaw, South Carolina
By Karl Plume CHICAGO, April 21 (Reuters) - Grains merchant Archer-Daniels-Midland ADM.N will permanently close its soybean processing plant in Kershaw, South Carolina, later this spring as part of a cost-cutting and consolidation push announced earlier this year, the company confirmed to Reuters...Reuters
Mon, Apr 21
US Cash Products-Gulf Coast CBOB gasoline rises on buyer demand
NEW YORK, April 21 (Reuters) - Cash differentials for CBOB gasoline rose in the U.S. Gulf Coast on Monday, as a buyer needed supplies on the last day to trade for deliveries on the Colonial Pipeline's 24th annual pumping cycle to New York Harbor, traders said.Gulf Coast A2 CBOB gasoline CBOB-DIF...Reuters
Mon, Apr 21
US FDA suspends milk quality tests amid workforce cuts
By Leah Douglas WASHINGTON, April 21 (Reuters) - The Food and Drug Administration is suspending a quality control program for testing of fluid milk and other dairy products due to reduced capacity in its food safety and nutrition division, according to an internal email seen by Reuters. The suspe...Reuters
Mon, Apr 21
US judge confirms Red Tree's offer as starting bid in Citgo parent's shares auction
HOUSTON, April 21 (Reuters) - A U.S. federal judge on Monday confirmed a $3.7 billion offer by Contrarian Funds' affiliate Red Tree Investments as the starting bid in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to pay creditors and bondholders, according to a co...Reuters
Mon, Apr 21
US Cash Crude-Grades mixed as traders return from long holiday weekend
April 21 (Reuters) - U.S. crude grades were mixed on Monday, dealers said, as traders returned from a long holiday weekend and U.S. crude's discount to international benchmark Brent tightened.Trade resumed on Monday after the Good Friday bank holiday last week. Light Louisiana Sweet WTC-LLS for ...Reuters
Mon, Apr 21
US Commerce Dept finalizes tariff rates on solar goods from Southeast Asia
April 21 (Reuters) - U.S. trade officials finalized tariff levels on solar cells and panels from Southeast Asia, a key step toward wrapping up a year-old trade case brought by American manufacturers that accuse their overseas rivals of flooding the market with unfairly cheap goods.According to a dec...Reuters
Mon, Apr 21
GRAINS-Chicago soybeans pressured as Trump attacks Federal Reserve chair
Soybeans, wheat fall alongside stock market, other commoditiesMidwest weather delays planting in some areasCorn supported by demandBy Renee Hickman CHICAGO, April 21 (Reuters) - Chicago soybeans fell on Monday after an overnight rally with the mood in outside markets souring as U.S. President Don...Reuters
Mon, Apr 21
CBOT wheat falls as Trump bashes Federal Reserve chair
CHICAGO, April 21 (Reuters) - Chicago Board of Trade wheat futures sank on Monday as U.S. President Donald Trump leveled attacks at U.S. Federal Reserve Chair Jerome Powell, and wet weather is expected to aid crop growth in the U.S. Plains, according to forecasters. CBOT July soft red winter wheat W...Reuters
Mon, Apr 21
Deals of the day-Mergers and acquisitions
April 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 19:45 GMT on Monday:** Private equity-backed broker Alkeme Insurance has acquired Crawford Insurance Group, a Michigan-based personal and commercial insurance agency, expanding its presence in the Midwest. ...Reuters
Mon, Apr 21
CBOT near flat as planting faces weather delays
CHICAGO, April 21 (Reuters) - Chicago Board of Trade corn futures traded near flat on Monday as wet weather in the U.S. Midwest gave support but U.S. President Donald Trump's comments about U.S. Federal Reserve Chair Jerome Powell led to market jitters. July corn CN25 ended down 1/4 cent to $4.9...Reuters
Mon, Apr 21
CBOT soybeans dip on Trump's Federal Reserve tirade
CHICAGO, April 21 (Reuters) - Chicago Board of Trade soybean futures dropped Monday as U.S. President Donald Trump bashed U.S. Federal Reserve Chair Jerome Powell over interest rates, triggering a wider market sell-off. CBOT July soybeans SN25 settled down 6-1/4 cents to $10.41-1/2 per bushel.CBOT J...Reuters
Mon, Apr 21
ICE canola futures fall as global vegoils weaken
WINNIPEG, Manitoba - April 21 (Reuters) - ICE canola futures fell with vegoils weakness on Monday.• Most-traded July canola RSN5 settled down $10.30 at$665.40 per metric ton.• The July-November spread has returned to the inverse level it has often held since the last harvest, with a more than $20 di...Reuters
Mon, Apr 21
US Plains HRW Wheat-Basis bids mostly steady as futures dive
CHICAGO, April 21 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were mostly unchanged across the southern U.S. Plains on Monday as sinking futures prices limited farmer selling interest, dealers said.* Recent dry weather has raised concerns about harvest potential in parts of the Plain...Reuters
Mon, Apr 21
US natgas prices drop 7% to 5-month low on record output, lower demand 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 DiSavinoApril 21 (Reuters) - U.S. natural gas futures dropped about 7% to a five-month low on Monday on record output and forecast...Reuters
Mon, Apr 21
US Supreme Court rebuffs CSX bid to revive antitrust suit against Norfolk Southern
Lower court found CSX missed the statute of limitationsShips use Norfolk terminal to offload cargo onto trainsBy Mike ScarcellaWASHINGTON, April 21 (Reuters) - The U.S. Supreme Court declined on Monday to hear freight rail giant CSX's bid to revive its antitrust lawsuit accusing rival Norfolk So...Reuters
Mon, Apr 21
GRAINS-Chicago soybeans pressured as Trump attacks Federal Reserve chair
Soybeans, wheat fall alongside stock market, other commoditiesMidwest weather delays planting in some areasCorn supported by demandBy Renee Hickman CHICAGO, April 21 (Reuters) - Chicago soybeans fell on Monday after an overnight rally with the mood in outside markets souring as U.S. President Don...Reuters
Mon, Apr 21
