News
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Hedge funds' net shorts on US 10-year futures hit roughly six-month high, CFTC data shows
NEW YORK, April 11 (Reuters) - Bearish bets on U.S. 10-year Treasury note futures from leveraged accounts or hedge funds hit their largest level since late October, data showed on Friday. Leveraged funds's net shorts on U.S. 10-year note futures rose to 1,873,687 contracts 1043602LNET, accordi...Reuters
Fri, Apr 11
CBOT wheat ends higher on faltering dollar
April 11 (Reuters) - Chicago Board of Trade wheat futures closed up on Friday as the U.S. dollar weakened against other major currencies, analysts said. CBOT May soft red winter wheat WK25 settled up 17-3/4 cents at $5.55-3/4 per bushel. K.C. May hard red winter wheat KWK25 ended up 10 cents at $5.6...Reuters
Fri, Apr 11
Tankers sail away from Venezuela empty, partially loaded amid cargo cancellations
HOUSTON, April 11 (Reuters) - A Suezmax tanker chartered by U.S. refiner Valero Energy VLO.N to receive Venezuelan crude from Chevron CVX.N off the Caribbean island of Aruba has set sail to the U.S. partially loaded as it could not complete its cargo amid cancellations by state company PDVSA, LSEG d...Reuters
Fri, Apr 11
CBOT soybeans end higher on USDA data, falling dollar
CHICAGO, April 11 (Reuters) - Chicago Board of Trade soybean futures climbed on Friday on data from the U.S. Department of Agriculture's Thursday supply and demand report, higher soyoil futures and a weaker U.S. dollar, according to analysts. CBOT May soybeans SK25 settled up 13-3/4 cents to end...Reuters
Fri, Apr 11
SOFTS-Cocoa, coffee recover but post weekly losses amid demand woes
NEW YORK, April 11 (Reuters) - World cocoa and coffee prices recovered on Friday from steep falls mid-week amid the tariff woes, but still posted weekly losses as investors continue to fear a global recession. The U.S. administration said on Wednesday it would pause most higher tariffs for ...Reuters
Fri, Apr 11
ICE canola futures rise for a fifth straight session
WINNIPEG, Manitoba - April 11 (Reuters) - ICE canola futures finished the week with a fifth straight gain, rising almost $40 per metric ton since Monday. • January canola RSK5 settled up $6.70 at $660.70 per metric ton, a level traders said will encourage farmers to sell whatever crops they still...Reuters
Fri, Apr 11
CBOT corn rises on USDA data, weak dollar
CHICAGO, April 11 (Reuters) - Chicago Board of Trade corn futures ended higher on Friday on residual support from the U.S. Department of Agriculture reporting tighter U.S. corn ending stocks and on a falling U.S. dollar, according to analysts. CBOT May corn CK25 settled up 7-1/2 cents at $4.90-1/4 a...Reuters
Fri, Apr 11
Valero Mexico suspended from the country's import registry for motor fuels
By Stefanie EschenbacherMEXICO CITY, April 11 (Reuters) - Valero Mexico said on Friday that it was notified by the country's tax authority that it had been "momentarily" suspended from the registry of importers for motor fuels but that it was cooperating with an investigation. One of the...Reuters
Fri, Apr 11
Lower oil prices could sink Ecopetrol's full-year profits by $2.8 billion, president warns
By Nelson BocanegraBOGOTA, April 11 (Reuters) - Lower oil prices could reduce Colombian state-run oil firm Ecopetrol's profits by up to 12 trillion pesos ($2.76 billion) this year, the company's president warned on Friday.Ecopetrol ECO.CN may also have to scrap production at some fields and ...Reuters
Fri, Apr 11
Argentina soy, once parched, now has too much rain
By Maximilian HeathBUENOS AIRES, April 11 (Reuters) - Drenched Argentine fields due to heavy rains in the country's farm heartland are raising fears of soybean losses and delayed sales of the 2024/25 crop, although drier weather on the horizon should bring relief to producers, industry experts s...Reuters
Fri, Apr 11
White House proposes to eliminate NOAA climate research in budget proposal
By Valerie Volcovici April 11 (Reuters) - The administration of President Donald Trump aims to eliminate the arm of the National Oceanic and Atmospheric Administration that oversees research on climate change, and refocus the U.S. fisheries service to support energy development, according to a dr...Reuters
Fri, Apr 11
Valero Mexico suspended from the country's import registry for motor fuels
MEXICO CITY, April 11 (Reuters) - Valero Mexico said on Friday that it was notified by the country's tax authority that it had been "momentarily" suspended from the registry of importers for motor fuels but that it was cooperating with an investigation. One of the country's largest p...Reuters
Fri, Apr 11
Abu Dhabi's ADNOC mulls bid for Aethon's US natgas assets, source says
April 11 (Reuters) - Abu Dhabi state oil company ADNOC is in the early stages of considering a bid for investment firm Aethon Energy Management's U.S. natural gas assets, according to a person familiar with the matter.ADNOC has done a string of acquisitions in gas and chemicals, which along with...Reuters
Fri, Apr 11
Xi and Lula step up meetings, firming China-Brazil ties with eyes on Trump
By Lisandra Paraguassu BRASILIA, April 11 (Reuters) - Brazil's President Luiz Inacio Lula da Silva will travel to China next month for his third meeting with President Xi Jinping since taking office in 2023, the government in Brasilia said, and a fourth meeting is already planned for July.The...Reuters
Fri, Apr 11
US natgas prices ease on small daily output rise, trade tariff worries
US LNG export feedgas on track to hit record high in AprilUS gas output on track to slide in April from March recordUS gas storage about 4% below five-year averageBy Scott DiSavino April 11 (Reuters) - U.S. natural gas futures eased about 1% on Friday on a small increase in daily output and worri...Reuters
Fri, Apr 11
Brent, WTI prices climb more $1 on possible Iran crude restriction
China imposes 125% tariff on US goods, escalating trade warEIA lowers global economic growth and oil demand forecastsBy Erwin Seba April 11 (Reuters) - Brent and West Texas Intermediate crude climbed more than $1 on Friday after U.S. Energy Secretary Chris Wright said the United States could end ...Reuters
Fri, Apr 11
GRAINS-Wheat rallies on sliding dollar
By Renee Hickman CHICAGO, April 11 (Reuters) - Chicago wheat futures rallied Friday as the dollar weakened against other major currencies, while corn firmed on U.S. Department of Agriculture data and soybeans climbed, unruffled by the latest hike in China's retaliatory tariffs against U.S. go...Reuters
Fri, Apr 11
US oil rig count falls by most in a week since June 2023, Baker Hughes says
By Scott DiSavino April 11 (Reuters) - U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig count for a third consecutive week, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and g...Reuters
Fri, Apr 11
Trump optimistic on reaching deal with China, White House says
WASHINGTON, April 11 (Reuters) - U.S. President Donald Trump is optimistic about reaching a trade deal with China, White House press secretary Karoline Leavitt said on Friday, amid an escalating trade war between the two economic giants that has battered markets."The president has made it very c...Reuters
Fri, Apr 11
US Plains HRW Wheat-Basis steady amid quiet trade, slow selling
CHICAGO, April 11 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were flat in the U.S. Midwest on Friday as selling was quiet amid a lack of farmer selling and after the U.S. Department of Agriculture in its monthly supply and demand report raised its global and U.S. wheat stocks projec...Reuters
Fri, Apr 11
