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WTI extends the rally above $63.00 on easing trade tensions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.25 during the Asian trading hours on Wednesday. The WTI price extends its upside amid easing trade tensions between the United States (US) and China, which prompt traders to dial back odds of a recession.
Fxstreet
Wed, May 14
CIF/FOB Gulf Grain-Soybean barge bids firm
CHICAGO, May 13 (Reuters) - Basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals firmed on Tuesday, reflecting exporter needs and a slow pace of farmer offerings, traders said. CIF Gulf soybean barges loaded in May were bid at around 62 cents over Chicago Board of Trade July SN25...Reuters
Tue, May 13
US Plains HRW Wheat-Spot basis bids flat as futures slump
CHICAGO, May 13 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were flat in a spot check of facilities around the southern U.S. Plains on Tuesday as futures hit contract lows. CBOT July K.C. HRW wheat KWN25 futures closed up after falling for four sessions in a row, following a drop to ...Reuters
Tue, May 13
CANADA-CRUDE-Discount on Western Canada Select heavy crude widens
May 13 (Reuters) - The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) CLc1 widened on Tuesday.WCS for June delivery in Hardisty, Alberta, settled at $9.15 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, after havin...Reuters
Tue, May 13
US health department to reverse federal layoffs of coal safety workers, senator says
By Valerie Volcovici WASHINGTON, May 13 (Reuters) - Over 100 federal employees who screen coal miners for black lung disease and research other respiratory disease who had been terminated as part of sweeping government layoffs have had their jobs restored permanently, West Virginia Republican Sen...Reuters
Tue, May 13
Ukraine completes steps for minerals deal with US, deputy prime minister says
May 13 (Reuters) - Ukraine has concluded procedures for implementation of a deal with the United States on exploiting minerals, including the operation of an investment fund, the country's first deputy prime minister said on Tuesday.Yulia Svyrydenko gave few details of the latest step in securin...Reuters
Tue, May 13
US imposes sanctions on companies it says sent Iranian oil to China
US imposes sanctions on firms assisting Iran's Sepehr EnergyUS designated Sepehr in 2023Treasury says companies helped get Iranian oil to ChinaLatest measures come days after 4th round of US-Iran talksAnalyst says fresh sanctions put pressure on Chinese banksBy Timothy Gardner WASHINGTON, May...Reuters
Tue, May 13
LIVESTOCK-CME cattle hover near highs after previous day's rally
By Heather Schlitz CHICAGO, May 13 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures settled near contract highs on Tuesday that were struck during the previous session when a halt to imports of Mexican cattle sent Chicago cattle futures sky-rocketing, traders said. ...Reuters
Tue, May 13
US Cash Crude-Grades broadly fall as crude stocks rise, API data shows
May 13 (Reuters) - Physically traded U.S. crude grades broadly slipped on Tuesday, dealers said, as stocks ticked higher and domestic refining demand weakened.U.S. crude oil stocks rose last week while gasoline and distillate inventories fell, market sources said, citing American Petroleum Institute...Reuters
Tue, May 13
Last-ditch lobbying blitz seeks to save Biden's clean-energy tax credits
Republican bill aims to cut tax credits for renewable energyBiden climate bill created jobs in Republican states, group saysAdvertisements will note jobs created in congressional districtBy Valerie VolcoviciWASHINGTON, May 13 (Reuters) - U.S. energy industry trade groups have launched a last-minute ...Reuters
Tue, May 13
US farm agency restores some climate-related webpages after farmer lawsuit
By Leah Douglas WASHINGTON, May 13 (Reuters) - The U.S. Department of Agriculture restored on Tuesday some climate change-related webpages that the agency had deleted since President Donald Trump's inauguration, after being sued by farm and environmental groups, one of the groups said. The Tr...Reuters
Tue, May 13
US farm agency restores some climate-related webpages after farmer lawsuit
By Leah Douglas WASHINGTON, May 13 (Reuters) - The U.S. Department of Agriculture restored on Tuesday some climate change-related webpages that the agency had deleted since President Donald Trump's inauguration, after being sued by farm and environmental groups, one of the groups said. The Tr...Reuters
Tue, May 13
China pulp market could be challenging in face of US tariffs, Copec says
Pulp prices hit by US tariff uncertainties, Copec saysChinese customers waiting for lowest prices, adds executiveEuropean market following similar patternCopec is building a $4.6 bln pulp project in BrazilBy Sarah Morland May 13 (Reuters) - Chilean industrial conglomerate Empresas Copec COPEC.SN ...Reuters
Tue, May 13
GRAINS-Soybeans higher on bullish USDA report, US-China trade truce
Soy choppy amid profit-taking, bullish USDA reportsCorn sinks to five-month low on technical tradingWheat bounces after hitting contract lowsBy Heather Schlitz CHICAGO, May 13 (Reuters) - Chicago soybean futures settled higher on Tuesday on strength from a temporary truce in the U.S.-China trade ...Reuters
Tue, May 13
Crude oil climbs more than $1.60 a barrel on tariff cuts, economic outlook
Markets bullish on US-China tariff relief Increasing OPEC+ supply could weigh on prices Lower US inflation seen as positive for demandBy Erwin Seba HOUSTON, May 13 (Reuters) - Crude oil futures climbed more than $1.60 a barrel on Tuesday, lifted by a temporary cut in U.S.-China tariffs and a bett...Reuters
Tue, May 13
ICE canola futures join vegoils rally
WINNIPEG, Manitoba, May 13 (Reuters) - ICE canola futures tagged along with other vegoils on Tuesday, rising more than 2.6%.• July canola RSN5 settled up $18.70 at $729.30 per metric ton. November RSX5 rose $13 to $689.80.• Traders said Canadian canola is still undervalued compared to other vegoils,...Reuters
Tue, May 13
US natgas prices steady as lower output offsets lower demand
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 3% over five-year normalBy Scott DiSavino May 13 (Reuters) - U.S. natural gas futures held steady on Tuesday as a drop in output in recent weeks offset forecasts for lower demand over the next...Reuters
Tue, May 13
CBOT wheat hits contract lows before recovering
May 13 (Reuters) - Chicago Board of Trade wheat futures sank to contract lows on Tuesday as a higher-than-expected forecast of U.S. stocks and a sharp improvement in U.S. crop conditions added to supply pressure, though futures recovered later in the session on short covering.All soft red wheat cont...Reuters
Tue, May 13
Carney unveils cabinet aimed at urgently resetting US-Canada ties
Finance minister, US trade minister stay in placeCarney plans tax cuts, internal trade barrier removal by July 1Teamsters union concerned over labor minister position changeBy Promit Mukherjee and David Ljunggren OTTAWA, May 13 (Reuters) - Canadian Prime Minister Mark Carney, who won an election ...Reuters
Tue, May 13
