News
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VEGOILS-Palm tracks weakness in Chicago soyoils, Dalian vegetable oils
JAKARTA, April 15 (Reuters) - Malaysian palm oil futures fell for a second consecutive session on Tuesday, weighed down by lacklustre performances in Chicago soyoil and Dalian vegetable oils.The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange lost 69 r...Reuters
Tue, Apr 15
White House envoy says Iran deal hinges on verification of uranium enrichment and weapons
April 14 (Reuters) - White House special envoy Steve Witkoff said on Monday that a diplomatic agreement with Iran will depend on working out details around verification of the country's uranium enrichment and weapons programs."This is going to be much about verification on the enrichment pro...Reuters
Tue, Apr 15
Oil prices rise on potential US tariff exemptions on cars, pick-up in China crude imports
BEIJING, April 15 (Reuters) - Oil prices climbed in early trading on Tuesday, boosted by new tariff exemptions floated by President Donald Trump and a rebound in China crude oil imports in anticipation of tighter Iranian supply.
Reuters
Tue, Apr 15
South Korea vice minister to travel to Alaska for gas project talks, Yonhap says
SEOUL, April 15 (Reuters) - South Korea's vice industry minister Choe Nam-ho is planning to travel soon to Alaska as part of working-level negotiations between the United States and South Korea over Alaska's liquefied natural gas (LNG) project, Yonhap news agency reported on Tuesday.Reuters
Tue, Apr 15
GRAINS-Wheat slips on forecasts for better cropping weather
CANBERRA, April 15 (Reuters) - Chicago wheat futures edged lower for a second day on Tuesday, under pressure from weather forecasts predicting improved conditions in the U.S. wheat belt, as well as declining prices in Europe and Russia. Corn and soybeans were holding close to seven-week highs reache...Reuters
Tue, Apr 15
COLUMN-China's Q1 key commodity imports were soft, outlook mixed: Russell
By Clyde Russell LAUNCESTON, Australia, April 15 (Reuters) - China's imports of major commodities were weak in the first quarter, but the challenge is working out whether the soft outcomes are mainly the result of temporary factors or signs of deeper economic malaise.The big four commodity im...Reuters
Tue, Apr 15
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, April 15 (Reuters) - Contract Target Support/Resistance Brent oil $65.81/$66.71sup $64.91/$63.79/$63.10Palm oil (3rd month)4,119/4,072 ringgitres 4,176/4,212/4,269 ringgitWTI* $62.85/$63.82sup $60.68/$59.94/$58.74Spot gold$3,240/$3,255sup $3,195/$...Reuters
Tue, Apr 15
US Cash Crude-Grades mixed as key pipeline remained offline
April 14 (Reuters) - Grades were mixed on Monday, dealers said, as a key pipeline that moves crude from Alberta to U.S. refineries in Illinois, Oklahoma and along the U.S. Gulf Coast remained offline. Pipeline operator South Bow SOBO.TO said it is keeping an eye on inclement weather before...Reuters
Tue, Apr 15
GRAINS-US wheat futures sag on rain forecast; corn down, soy ends mixed
CHICAGO, April 14 (Reuters) - U.S. wheat futures fell on Monday, pressured by forecasts for improving weather in dry areas of the Plains production belt and spillover weakness as European wheat futures hit one-year lows, brokers said.Reuters
Tue, Apr 15
LIVESTOCK-CME cattle futures rise on upbeat beef demand, Wall Street
By Julie IngwersenCHICAGO, April 14 (Reuters) - Chicago Mercantile Exchange live cattle futures rose on Monday, extending the rally from the previous session, on strong wholesale beef prices and a higher close on Wall Street that lifted optimism about consumer demand for meat, traders said.CME June ...Reuters
Mon, Apr 14
Head of biggest US power grid, PJM, to step down
By Laila Kearney April 14 (Reuters) - The CEO of the largest U.S. power grid, PJM Interconnection, has decided to leave his post at the end of the year, the organization said on Monday, amid rising electricity prices that have drawn public scrutiny. Manu Asthana, who has led the power mark...Reuters
Mon, Apr 14
CIF/FOB Gulf Grain-Soy basis barge bids steady, corn bids tick lower
CHICAGO, April 14 (Reuters) - Basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals were steady, while bids for corn ticked lower on Monday as river shipping woes create issues with movement of supplies to the export hub, traders said.* Forecasts for more rainfall in parts of the c...Reuters
Mon, Apr 14
ADM halting domestic trading in China, cutting jobs in Shanghai
By Ella Cao, Karl Plume and Ana Mano BEIJING/CHICAGO, April 14 (Reuters) - Global grain merchant Archer-Daniels-Midland ADM.N has begun shutting down domestic trading operations in China and laying off staff within its largest business segment as part of a global cost-cutting push, the company sa...Reuters
Mon, Apr 14
CANADA-CRUDE-Western Canada Select heavy crude discount returns to pre-Keystone spill narrowness
April 14 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 narrowed on Monday, returning to the extremely tight levels it was trading at prior to last week's shutdown of the Keystone pipeline. WCS for Ma...Reuters
Mon, Apr 14
US says most tomatoes imported from Mexico to face 21% duty from July 14
April 14 (Reuters) - The U.S. Commerce Department on Monday said most tomatoes imported from Mexico to the United States will face duties of 20.91% from July 14 as it withdraws from an agreement it said had failed to protect domestic tomato growers."This action will allow U.S. tomato growers to ...Reuters
Mon, Apr 14
Capital Power to expand in PJM power market with $2.2 billion deal
April 14 (Reuters) - Canadian power producer Capital Power Corp CPX.TO said on Monday it would buy two natural-gas fired power plant operators located in the PJM market for about $2.2 billion.The deal comes at a time when electricity prices are rapidly increasing in PJM, the United States' bigge...Reuters
Mon, Apr 14
US says most tomatoes imported from Mexico to face 21% duty from July 14
April 14 (Reuters) - The U.S. Commerce Department on Monday said most tomatoes imported from Mexico to the United States will face duties of 20.91% from July 14 as it withdraws from an agreement it said had failed to protect domestic tomato growers."This action will allow U.S. tomato growers to ...Reuters
Mon, Apr 14
US Cash Grains-Soy basis bids firm at river terminals, Midwest plantings begin
CHICAGO, April 14 (Reuters) - Spot basis bids for soybeans were flat to higher at Midwestern river terminals and grain elevators, spot checks showed on Monday.* Farmer selling is expected to be slow this week, keeping basis firm, as farmers take advantage of mostly dry weather to plant soy and corn ...Reuters
Mon, Apr 14
ADM halting domestic trading in China, cutting jobs in Shanghai
By Ella Cao and Karl Plume BEIJING/CHICAGO, April 14 (Reuters) - Global grain merchant Archer-Daniels-Midland ADM.N has begun shutting down domestic trading operations in China and laying off staff within its largest business segment as part of a global cost-cutting push, the company said in an e...Reuters
Mon, Apr 14
Trump administration cancels $3 billion climate-friendly farming program
By Leah Douglas WASHINGTON, April 14 (Reuters) - The U.S. Department of Agriculture on Monday said it had canceled a $3 billion program for climate-smart farming projects after a review found it did not align with the priorities of the Trump administration. President Donald Trump has attempted to...Reuters
Mon, Apr 14
