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COLUMN-Light Chinese soy imports should raise eyebrows: Braun
By Karen Braun NAPERVILLE, ILLINOIS, May 14 (Reuters) - China’s soybean imports recently dipped to a 12-year low, and trade estimates suggest the overall intake pace could still be sluggish by mid-year. But top supplier Brazil has harvested a record crop and its latest export volumes to China hav...Reuters
Thu, May 15
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 15 (Reuters) - Contract Target Support/Resistance Brent oil $64.57/$63.88res $65.69/$66.38Palm oil (3rd month)3,921/3,887 ringgitres 3,972/4,010/4,034 ringgitWTI* $61.50/$60.78res $62.65/$63.37Spot gold$3,135/$3,090res $3,206/$3,251LME copper...Reuters
Thu, May 15
Gold Price Forecast: XAU/USD posts modest gains above $3,150 on better risk appetite
The Gold price (XAU/USD) trades with mild gains near $3,180 during the early Asian session on Thursday. However, the potential upside for the yellow metal might be capped in the near term due to better risk appetite and progress in trade talks.
Fxstreet
Thu, May 15
Judge to hear Mali's request to reopen Barrick mine under new management, official says
Barrick's operations in Mali halted over taxes, new mining codeArbitration case ongoingMali holds 20% stake in Barrick's Loulo-Gounkoto complexBy Portia Crowe and Divya Rajagopal DAKAR/TORONTO, May 14 (Reuters) - A court in Mali will hold a hearing on Thursday to consider a request made b...Reuters
Wed, May 14
Citi lifts short-term Brent price forecast to $60/bbl
May 14 (Reuters) - Citi Research on Wednesday lifted its three-month Brent crude forecast by $5 to $60 per barrel but held its second-quarter and third-quarter averages at $62 and $63, respectively, still expecting a downward move as "probabilities skewing toward a US–Iran nuclear deal."...Reuters
Wed, May 14
US oil prices drop more than $1 as inventory build raises oversupply fear
By Yuka Obayashi TOKYO, May 15 (Reuters) - U.S. crude futures declined more than $1 in early trade on Thursday after an unexpected build in U.S. crude oil inventories last week raised investor concerns about oversupply.U.S. West Texas Intermediate (WTI) crude CLc1 futures slid $1.21, or 1.9%, to ...Reuters
Wed, May 14
Venture Global urges FERC to reaffirm approval for Louisiana LNG project
May 14 (Reuters) - U.S. liquefied natural gas company Venture Global VG.N is seeking approval by June 26 to construct its CP2 plant in Louisiana, according to a letter sent to Federal Energy Regulatory Commission Chairman Mark Christie on Wednesday. The U.S. is the world's largest exporte...Reuters
Wed, May 14
CIF/FOB Gulf Grain-Soybean, corn barge bids mostly steady-firmer
CHICAGO, May 14 (Reuters) - Basis bids for soybeans and corn delivered by barge to U.S. Gulf Coast terminals were mostly steady to firmer on Wednesday, and farmer sales of both crops into marketing channels that feed the Gulf remained slow, traders said.CIF Gulf soybean barges loaded in May were bid...Reuters
Wed, May 14
Brazil's J&F, Paper Excellence agree to settlement over failed unit sale
By Luciana Magalhaes SAO PAULO, May 14 (Reuters) - Brazil's J&F Investimentos and Canada's Paper Excellence have settled a seven-year-old dispute with a deal that calls for J&F to pay $2.7 billion and reacquire a pulp company it contracted to sell to Paper Excellence but did not f...Reuters
Wed, May 14
LIVESTOCK-CME cattle futures backtrack from record highs
By Tom Polansek CHICAGO, May 14 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures tumbled on Wednesday after climbing to records on dwindling U.S. supplies.Futures prices have set all-time highs since Washington over the weekend added to supply worries by suspending ca...Reuters
Wed, May 14
Pre-war EU-Ukraine trade deal may temporarily return when tariff suspension expires
By Julia Payne and Philip Blenkinsop BRUSSELS, May 14 (Reuters) - The EU is weighing a temporary return to its pre-war trade agreement with Ukraine if a renegotiated deal is not ready to take effect when war-related tariff suspensions expire on June 5, EU diplomats said on Wednesday.The Commissio...Reuters
Wed, May 14
CANADA-CRUDE-Discount on Western Canada Select heavy crude unchanged
May 14 (Reuters) - The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) CLc1 was unchanged on Wednesday.WCS for June delivery in Hardisty, Alberta, settled at $9.15 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, fla...Reuters
Wed, May 14
US farm agency cancels Food for Progress food aid grants
By Leah Douglas WASHINGTON, May 14 (Reuters) - The U.S. Department of Agriculture on Wednesday canceled existing grants under its Food for Progress food aid program, according to an email seen by Reuters and two sources familiar with the situation. The Food for Progress program sends U.S. commodi...Reuters
Wed, May 14
Venture Global urges FERC to reaffirm approval for Louisiana LNG project
May 14 (Reuters) - U.S. liquefied natural gas company Venture Global VG.N on Wednesday urged the Federal Energy Regulatory Commission to reaffirm its authorizations of the new LNG facilities in Cameron Parish, Louisiana, along with the associated pipeline infrastructure.Reuters
Wed, May 14
US Cash Crude-Grades rise as domestic refining demand set to grow
May 14 (Reuters) - Crude grades rose on Wednesday, dealers said, with domestic refining demand expected to tick higher. U.S. oil refiners are expected to have about 714,000 barrels per day (bpd) of capacity offline in the week ending May 16, increasing available refining capacity by 560,000 bpd, res...Reuters
Wed, May 14
New Fortress Energy posts quarterly loss as all segments show weak performance
May 14 (Reuters) - New Fortress Energy NFE.O posted a loss in the first quarter on Wednesday, as the U.S. LNG firm struggled with weak performance across its segments, sending the shares down nearly 19% in extended trading.The company also closed the sale of its Jamaican assets and operations to Exc...Reuters
Wed, May 14
US Plains HRW Wheat-Spot basis bids steady to up with limited farmer selling
CHICAGO, May 14 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were flat to higher in a spot check of facilities around the southern U.S. Plains on Wednesday as dealers tried to entice farmers to sell. CBOT July K.C. HRW wheat KWN25 futures closed higher, settling up 11-1/4 cents at $5....Reuters
Wed, May 14
Trump not going to Turkey for Russia-Ukraine talks, US official says
WASHINGTON, May 14 (Reuters) - President Donald Trump is not going to Turkey to join Russia-Ukraine talks on Thursday, a U.S. official said on Wednesday.The official spoke after Russian President Vladimir Putin announced the Russian delegation for the talks, a list that did not include Putin himself...Reuters
Wed, May 14
