News
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CIF/FOB Gulf Grain-Soybean, corn barge basis firms amid river navigation issues
CHICAGO, April 8 (Reuters) - Spot basis bids for soybeans and corn delivered by barge to U.S. Gulf Coast terminals turned higher on Tuesday, as nearby futures firmed and transportation issues snarled some interior rivers, traders said.* Chicago Board of Trade soybean futures rose on technical tradin...Reuters
Tue, Apr 8
Largest US egg producer cooperating in Justice Department price probe
April 8 (Reuters) - The largest U.S. egg producer, Cal-Maine Foods CALM.O, is cooperating with a U.S. Department of Justice investigation into high egg prices and whether producers have conspired to raise them, the company said on Tuesday.The DOJ sent Cal-Maine a civil investigative demand last ...Reuters
Tue, Apr 8
EU Commission to discuss trade, US tariff strategy with industries
By Julia Payne BRUSSELS, April 8 (Reuters) - The European Commission has invited the sectors most impacted by U.S. tariffs to an in-person meeting on Thursday, an invitation letter seen by Reuters showed, as the commission weighs new trade partnerships and further countermeasures. The meeting led...Reuters
Tue, Apr 8
Wood Mackenzie cuts 5-year US wind energy outlook 40% on Trump policies
April 8 (Reuters) - A prominent energy research firm slashed its five-year outlook for new U.S. wind energy projects by 40% on Tuesday, citing Trump administration policies and concerns about the economy.Wood Mackenzie expects the United States to install 45.1 gigawatts of wind, both onshore and off...Reuters
Tue, Apr 8
US licenses for Trinidad-Venezuela gas projects revoked, Trinidad says
April 8 (Reuters) - The United States has revoked two licenses it had granted in recent years for the development of offshore natural gas projects between Trinidad and Tobago and Venezuela, the Caribbean country's prime minister, Stuart Young, said on Tuesday.The authorizations, which have allow...Reuters
Tue, Apr 8
Canadian oil and gas CEOs take cautious approach during price rout
Global oil prices at four-year lows after tariff-related selloffCanadian oil production growth this year could be limited if lower prices persist, economists sayCanadian companies holding off on making changes for nowBy Amanda Stephenson TORONTO, April 8 (Reuters) - CEOs of Canadian oil and gas p...Reuters
Tue, Apr 8
Phillips 66 Reports Unit Upset at Sweeny, Texas Refinery
April 8 (Reuters) - PHILLIPS 66 PSX.N:REPORTS UNIT UPSET, RESULTING IN SAFE UTILIZATION OF FLARE SYSTEM AT ITS SWEENY REFINERY AND PETROCHEMICAL COMPLEX, TEXASCAPACITY: 265,000 BARRELS PER DAYSOURCE: TEXAS COMMISSION ON ENVIRONMENTAL QUALITY FILINGReuters
Tue, Apr 8
Cal-Maine says cooperating with Justice Department's probe into high egg prices
April 8 (Reuters) - Cal-Maine Foods CALM.O on Tuesday said it was cooperating with an investigation by the U.S. Justice Department regarding high price of eggs and whether producers have conspired to raise rates.The U.S. egg producer got a civil investigative demand from the authority last month, Ca...Reuters
Tue, Apr 8
GRAINS-Chicago soybeans climb on recovery after tariff news
By Renee Hickman CHICAGO, April 8 (Reuters) - Chicago soybean futures rose on Tuesday, bouncing back from a four-month low on technical trading, while corn and soy futures also firmed as traders turned their attention toward a U.S. Department of Agriculture data release and weather concerns, anal...Reuters
Tue, Apr 8
Brazil coffee exporters glimpse opportunity amidst U.S tariffs
By Roberto SamoraSAO PAULO, April 8 (Reuters) - Brazilian coffee exporters see U.S. President Donald Trump's global tariffs as an opportunity to send more robusta beans to the United States after international rivals were hit with even heavier charges. Trump's tariffs levy a charge of 10% on...Reuters
Tue, Apr 8
Oil settles down $1 to trade at four-year lows as US-China trade war escalates
Oil prices settle down more than $1 a barrel Downside risks remain as US, China escalate tariff conflictGoldman Sachs says Brent, WTI could hit $62 and $58, respectively, by December 2025Trump says US and Iran will hold nuclear talks in Oman By Georgina McCartney HOUSTON, April 8 (Reuters) - Oil ...Reuters
Tue, Apr 8
Trump tells Justice Department to 'fight' states targeting coal miners
WASHINGTON, April 8 (Reuters) - U.S. President Donald Trump said on Tuesday that he is instructing the Department of Justice to identify and fight states that put coal miners out of business."I am instructing the Department of Justice to identify and fight every single unconstitutional state or ...Reuters
Tue, Apr 8
Trump says he will tap Defense Production Act to boost coal production
WASHINGTON, April 8 (Reuters) - President Donald Trump said on Tuesday that he will tap the Defense Production Act to boost coal mining, a move that could put the federal purse behind reviving the fading industry in the United States. Trump is signing executive orders on Tuesday to boost coal produc...Reuters
Tue, Apr 8
CBOT wheat firms with weaker dollar, weather risks
April 8 (Reuters) - Chicago Board of Trade wheat futures closed higher on Tuesday as the U.S. dollar was weaker and wet weather impacted some U.S. wheat-growing areas, according to analysts. CBOT May soft red winter wheat WK25 settled up 3-1/2 cents at $5.40 per bushel. K.C. May hard red winter whe...Reuters
Tue, Apr 8
ICE canola futures continue nearby rally
WINNIPEG, Manitoba - April 8 (Reuters) - Nearby ICE canola futures rose again on Tuesday, adding to a two-week trend, increasing their premium to contracts for the 2025-26 crop.• May canola RSK5 settled up $9.20 at $646.20 per metric ton. July RSN5 rose $9.70 to $652.70, giving it a $22.60 premium t...Reuters
Tue, Apr 8
Argentina aims to boost lithium production by 75% in 2025, sees no risk from trade war
By Lucila SigalBUENOS AIRES, April 8 (Reuters) - Argentina, the world's fifth-largest lithium producer, expects to produce 130,800 tonnes of lithium carbonate equivalent (LCE) in 2025, a 75% increase from 2024, the Argentine Chamber of Mining Companies (CAEM) said Tuesday.The boost in production...Reuters
Tue, Apr 8
CBOT corn ends higher on weather risks, USDA report positioning
CHICAGO, April 8 (Reuters) - Chicago Board of Trade corn futures settled up Monday on positioning ahead of the U.S. Department of Agriculture's upcoming supply and demand report, due Thursday, and on wet weather affecting corn-growing areas of the central U.S., according to analysts. CBOT Ma...Reuters
Tue, Apr 8
Panama's attorney general opens investigation over possible damages by CK Hutchison's contract
PANAMA CITY, April 8 (Reuters) - Panama's attorney general's office has opened an investigation on possible damages caused by a contract granted to Hong Kong-based CK Hutchison 0001.HK for the operation of two ports in the Central American country, attorney general Luis Carlos Gomez said in ...Reuters
Tue, Apr 8
