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Mexico to tighten cattle flows from south, rules out shutting border over screwworm
MEXICO CITY, May 13 (Reuters) - Mexico will tighten the flow of cattle from the south of the country to limit the potential spread of the screwworm, the nation's agriculture minister said on Tuesday.The screwworm, which can kill cattle or other hosts within weeks, has recently been detected in t...Reuters
Tue, May 13
Hunt Refining's Alabama refinery operating at reduced rates after fire
NEW YORK, May 13 (Reuters) - Hunt Refining Company is operating its 50,000 barrel-per-day refinery in Tuscaloosa, Alabama at reduced rates following a fire last week, the privately-owned company said in a statement.A fire broke out at the refinery's coker unit on May 7 as it suffered an external...Reuters
Tue, May 13
PRECIOUS-Gold rebounds on bargain-hunting, softer US inflation data
US consumer price index increased 0.2% last monthMarkets expect Fed to resume policy easing in SeptemberUS and China on Monday agreed to pause trade warBy Sarah Qureshi May 13 (Reuters) - Gold prices rose on Tuesday on bargain-hunting after a sharp loss in the previous day, while softer-than-expe...Reuters
Tue, May 13
US Cash Grains-Spot corn basis mostly steady to higher in Midwest
CHICAGO, May 13 (Reuters) - Spot basis bids for corn were mostly steady to higher at U.S. Midwest processors, elevators and and river terminals on Tuesday, with dealers trying to entice farmers busy with planting to sell the grain. The corn basis rose by 6 cents at a processor in Decatur, Illinois, ...Reuters
Tue, May 13
UK trade remedies body recommends country-specific quota caps on steel imports
LONDON, May 13 (Reuters) - Britain's Trade Remedies Authority (TRA) recommended on Tuesday that country-specific quota caps should be imposed on certain categories of steel imports to help defend its domestic industry, which said the proposals were insufficient.Britain has been trying to protect...Reuters
Tue, May 13
Euronext wheat steadies after latest lows with export demand in focus
PARIS, May 13 (Reuters) - Euronext wheat ended little changed on Tuesday, recovering from earlier contract lows in step with Chicago futures as traders watched to see if the recent price slide would stir more demand from importers.September milling wheat BL2U5, the most active position on Paris-base...Reuters
Tue, May 13
US farm agency staff warn Congress of food safety risks, political interference
Budget cuts and staff losses have weakened USDA, staff sayOne research agency has lost nearly 60% of food safety scientistsMore than 15,000 employees have left USDA since JanuaryBy Leah Douglas WASHINGTON, May 13 (Reuters) - Unions representing staff in the U.S. Department of Agriculture's re...Reuters
Tue, May 13
Gold price rebounds on cool US CPI reading but remains trapped on risk-on mood
Gold prices traded with a positive tone on Tuesday, following Monday’s drop of over 2.70%, exchanged hands at around $3,250, up by 0.42%. A softer-than-expected US inflation report and the trade truce between China and the US may keep Gold prices capped beneath the $3,300 figure.
Fxstreet
Tue, May 13
Tullow Oil Announces Sale Of Gabon Assets To Gabon Oil
May 13 (Reuters) - Tullow Oil PLC TLW.L:TULLOW OIL PLC - SPA FOR STRATEGIC SALE OF GABON ASSETS TO GOCTULLOW OIL PLC - ANNOUNCES SALE OF GABON ASSETS TO GABON OILTULLOW OIL PLC: PROPOSED DEAL FOR TOTAL CASH CONSIDERATION OF US$300 MILLION NET OF TAXReuters
Tue, May 13
Europe Gasoline/Naphtha-Gasoline refining margins tumble
LONDON, May 13 (Reuters) - Northwest European gasoline profit margins fell by about $2.96 to $13.72 a barrel on Tuesday, as Nigeria's giant Dangote refinery cancelled June maintenance on its gasoline-producing RFCC unit.A total of 4,200 metric tons of Eurobob E5 barges traded in the Argus window...Reuters
Tue, May 13
Goldman Sachs sees upside risk to Brent, WTI oil price forecasts
May 13 (Reuters) - Goldman Sachs sees upside risk to its Brent and WTI oil price forecast in 2025 and 2026 from recent trade de-escalation, it said in a note on Tuesday.The bank estimates around $3-4 per barrel of upside risk to its Brent and WTI oil price forecast of $60/bbl and $56/bbl respectivel...Reuters
Tue, May 13
TotalEnergies, BWEnergy set to decide on Namibia projects late next year, govt official says
Namibia hopes for joint plan to monetize gasTotalEnergies said it needs to reinject gas into oil fieldTotal to submit development plan in June or July -Namibia saysNamibia expects first oil in 2029-2030By America Hernandez PARIS, May 13 (Reuters) - Namibia expects a final investment decision (FID...Reuters
Tue, May 13
GRAINS-Soybeans fall from peak on profit-taking, wheat hits new lows
Corn, soy tick lower on technical tradingWheat bounces after hitting contract lowsBy Heather Schlitz CHICAGO, May 13 (Reuters) - Chicago soybeans edged down on profit taking on Tuesday after hitting a three-month high in the previous session on a temporary truce in the U.S.-China trade war and a ...Reuters
Tue, May 13
Copec says China pulp market could be challenging in face of US tariffs
May 13 (Reuters) - Chilean industrial conglomerate Empresas Copec COPEC.SN said on Tuesday that the Chinese market for its forestry products could become more challenging if paper makers struggle to boost sales amid uncertainty over U.S. tariff policies.In Europe, meanwhile, uncertainty and concerns...Reuters
Tue, May 13
Goldman Sachs sees upside risk to Brent, WTI oil price forecasts
May 13 (Reuters) - Goldman Sachs estimates around $3-4 per barrel of upside risk to its Brent and WTI oil price forecast of $60/bbl and $56/bbl respectively for the rest of 2025, and $56/bbl and $52/bbl respectively in 2026 from recent trade de-escalation, it said in a note on Tuesday.Reuters
Tue, May 13
FACTBOX-What's in the Republican tax and spending plan
By Andy Sullivan WASHINGTON, May 13 (Reuters) - Republicans in the U.S. Congress are advancing a sweeping budget package that would fulfill President Donald Trump's calls to cut taxes and reduce spending, though details still need to be resolved. Here are major elements of the package, al...Reuters
Tue, May 13
UK's TRA recommends country-specific quota caps on steel imports
LONDON, May 13 (Reuters) - Britain's Trade Remedies Authority (TRA) has recommended on Tuesday that country-specific quota caps should be imposed on certain categories of steel imported to the UK to help defend the country's steel-production industry.The government body said in statement the...Reuters
Tue, May 13
METALS-Temporary US-China trade truce, weaker dollar drive copper to six-week high
By Ashitha Shivaprasad May 13 (Reuters) - Copper prices rose on Tuesday after the United States said it would cut some tariffs on imports from China, where inventories have dropped significantly. Benchmark copper CMCU3 on the London Metal Exchange was up 0.8% at $9,594.50 a metric ton by 1550 GMT...Reuters
Tue, May 13
