News
Important Only
EU Commission proposes 25% counter-tariffs on some US imports, document shows
By Julia Payne BRUSSELS, April 7 (Reuters) - The European Commission proposed counter-tariffs of 25% on a range of U.S. goods on Monday in response to President Donald Trump's tariffs on steel and aluminium, a document seen by Reuters showed. The tariffs on some goods will take effect May 16 ...Reuters
Mon, Apr 7
GRAINS-Chicago soybeans and corn seesaw on shifting tariff news
By Renee Hickman CHICAGO, April 7 (Reuters) - Chicago corn and soybeans whipsawed back and forth on Monday, fueled by tariff news and weather risks, according to analysts. Wheat firmed on a dry weather forecast in the U.S. wheat belt. The most active soybean contract Sv1 on the Chicago Bo...Reuters
Mon, Apr 7
EU commission proposes 25% counter-tariffs on some US imports, document shows
BRUSSELS, April 7 (Reuters) - The European Commission proposed counter-tariffs of 25% on a range of U.S. goods on Monday in response to President Donald Trump's tariffs on steel and aluminium, a document seen by Reuters showed. The tariffs on some goods will come into effect May 16 and other lat...Reuters
Mon, Apr 7
Maine sues over USDA pause on funds over support for transgender athletes
April 7 (Reuters) - The state of Maine on Monday filed a lawsuit challenging the U.S. Department of Agriculture's decision to withhold federal funds used to feed school children over the state's refusal to ban transgender women from sports.Maine Attorney General Aaron Frey, a Democrat, filed...Reuters
Mon, Apr 7
US Plains HRW Wheat-Basis steady-higher as futures seesaw
CHICAGO, April 7 (Reuters) - Spot basis bids for hard red winter wheat (HRW) were flat to higher in the U.S. Plains on Monday as farmers were reluctant to sell their crops amid low prices, though beneficial rains are likely to help the region's nascent wheat crop. * The basis improved at a grain...Reuters
Mon, Apr 7
Chile regulator: copper prices have likely peaked as U.S.-China trade war looms
By Fabian Cambero SANTIAGO, April 7 (Reuters) - Chile's state copper commission Cochilco on Monday said that prices for the red metal have likely already peaked this year amid an escalating trade war, as U.S. President Donald Trump threatened to further increase tariffs on China. "Base...Reuters
Mon, Apr 7
Europe Gasoline/Naphtha-Gasoline margins fall slightly
LONDON, April 7 (Reuters) - Northwest European gasoline refining profit margins fell slightly on Monday.A total of 10,000 metric tons of Eurobob E5 traded, with Trafigura and Vitol selling to Litasco and Mabanaft.A total of 2,000 tons of E10 traded with Litasco selling to BMV.India on Monday raised ...Reuters
Mon, Apr 7
SOFTS-Coffee, cocoa and sugar plunge as Trump tariff turmoil continues
LONDON, April 7 (Reuters) - World coffee, cocoa and sugar prices plunged on Monday as investors continued to fret about recession risks, with U.S. President Donald Trump showing little sign of backing down from sweeping trade tariffs imposed late last week. Investors fear a global trade war ...Reuters
Mon, Apr 7
METALS-Base metals decline as US-China trade conflict ramps up recession fears
April 7 (Reuters) - Base metals in London declined on Monday, with copper hitting its lowest level in over 16 months on fears about reduced demand and higher chances of a recession following trade tensions between the U.S. and China.The benchmark three-month copper CMCU3 on the London Metal Exchange...Reuters
Mon, Apr 7
Frontier bonds suffer heavy selloff, Sub-Saharan yields hit double digits
LONDON, April 7 (Reuters) - Hard-currency debt issued by smaller, riskier, emerging markets suffered a sharp selloff on Monday, with yields across many of the bonds soaring into double digits, as U.S. President Donald Trump showed no signs of backing away from sweeping tariffs. The turmoil could exa...Reuters
Mon, Apr 7
EUROPE GAS-Global trade fears fuel market volatility
LONDON, April 7 (Reuters) - Dutch and British gas prices recouped some earlier losses after rising on Monday before falling back again, as fears of a global trade war leading to weaker energy demand drive volatility.The benchmark Dutch front-month contract TRNLTTFMc1 was down 0.55 euros to 35.90 eur...Reuters
Mon, Apr 7
Russian court lifts suspension for Transneft's Black Sea oil berth, source says
MOSCOW, April 7 (Reuters) - A Russian court overturned on Monday a decision by a regulator to suspend the operation of an oil berth at the Black Sea port of Novorossiisk controlled by Transneft TRNF_p.MM, an industry source told Reuters.Transneft said last week it had suspended mooring number 8 at N...Reuters
Mon, Apr 7
Power Up: Oil prices fall below breakeven
April 7 (Reuters) - By Elizabeth Hampton, Editor-in-Charge, U.S. Energy MarketsHello Power Up readers! Markets are continuing to spiral downward as U.S. President Donald Trump's trade war stokes growing concerns of a recession. The S&P 500 extended its fall, nearing bear territory, and Gol...Reuters
Mon, Apr 7
US Cash Grains-Corn, soy basis mixed as tariff threats evaluated
CHICAGO, April 7 (Reuters) - Spot basis bids for corn and soybeans were mixed in the U.S. Midwest on Monday as industry players weighed the impact of U.S. trade policy and retaliatory tariffs against U.S. agricultural goods, dealers said. * The corn basis rose at an Ohio elevator, Indiana ethanol pl...Reuters
Mon, Apr 7
TABLE-OPEC March oil output falls 110,000 barrels per day, survey finds
By Alex Lawler LONDON, April 7 (Reuters) - The following table shows crude oil output from the Organization of the Petroleum Exporting Countries in millions of barrels per day in March and February, according to a Reuters survey published on Monday.OPEC and allies, known as OPEC+, agreed in Decem...Reuters
Mon, Apr 7
Trump threatens additional tariffs on China, terminates talks
WASHINGTON, April 7 (Reuters) - U.S. President Donald Trump said on Monday he will impose an additional 50% tariff on China if Beijing does not withdraw its retaliatory tariffs on the United States. "Additionally, all talks with China concerning their requested meetings with us will be terminat...Reuters
Mon, Apr 7
Black Sea CPC Blend oil exports revised down to 1.6 million bpd for April, sources say
MOSCOW, April 7 (Reuters) - Black Sea CPC Blend oil exports for April were revised down to 1.6 million barrels per day, or 6.2 million metric tons, from 1.7 million bpd in the preliminary plan, two sources said on Monday.Caspian Pipeline Consortium, which exports Kazakhstan and Russia's oil from...Reuters
Mon, Apr 7
EU will target less than €26 bln worth of U.S. imports, Sefcovic says
LUXEMBOURG, April 7 (Reuters) - The European Union's countermeasures targeting a list of U.S. imports in response to the Trump's administration steel and aluminum tariffs will be less than 26 billion euros' ($28.46 billion) worth after taking in account member states' remarks, EU tra...Reuters
Mon, Apr 7
Gold reserves in London vaults rise in March, says LBMA
LONDON, April 7 (Reuters) - The London Bullion Market Association (LBMA) said on Monday that gold held in London vaults totalled 8,488 metric tons at the end of March, up 0.1% from the previous month, as outflows from London to New York slowed down after dislocation.The most active Comex gold future...Reuters
Mon, Apr 7
