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GRAINS-Chicago soybeans dip on rising competition; wheat rises on China dry weather
By Ella Cao and Lewis Jackson BEIJING, May 9 (Reuters) - Chicago soybean futures eased on Friday due to weak demand and rising global competition from Latin American countries, amid caution ahead of the looming U.S.-China talks this weekend and a U.S. Department of Agriculture (USDA) report next ...Reuters
Fri, May 9
METALS-Metals in tight range ahead of China-US trade talks
SHANGHAI, May 9 (Reuters) - Metal prices in London traded in tight ranges on Friday as traders waited cautiously ahead of the U.S.-China trade talks this weekend.Benchmark copper CMCU3 on the London Metal Exchange (LME) fell 0.3% to $9,405 a metric ton as of 0135 GMT. U.S. President Donald Trump and...Reuters
Fri, May 9
GRAINS-Chicago soybeans dip on rising competition; wheat rises on China dry weather
BEIJING, May 9 (Reuters) - Chicago soybean futures eased on Friday due to weak demand and rising global competition from Latin American countries, amid caution ahead of the looming U.S.-China talks this weekend and a U.S. Department of Agriculture (USDA) report on Monday.Wheat gained on drought conc...Reuters
Fri, May 9
PRECIOUS-Gold firms on dip buying; US-China trade talks in focus
May 9 (Reuters) - Gold prices firmed on Friday, as investors bought bullion following a decline in the previous session, while markets looked ahead to U.S.-China trade talks due this weekend.FUNDAMENTALS * Spot gold XAU= rose 0.1% to $3,309.39 an ounce, as of 0024 GMT. U.S. gold futures GCcv1 firmed...Reuters
Fri, May 9
CIF/FOB Gulf Grain-Corn barge bids soften despite strong export pace
CHICAGO, May 8 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast terminals ticked lower on Thursday, despite a brisk U.S. export pace, while soybean barge bids firmed a bit in quiet trade, traders said.The U.S. Department of Agriculture reported export sales of U.S. old-crop corn...Reuters
Fri, May 9
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 9 (Reuters) - Contract Target Support/Resistance Brent oil $63.78/$64.83sup $62.67/$61.98Palm oil (3rd month)3,867/3,906 ringgitsup 3,804/3,765 ringgitWTI* $61.38/$62.82sup $59.05/$57.61Spot gold$3,274/$3,246res $3,355/$3,391LME copper (3rd m...Reuters
Thu, May 8
Trump, Starmer hail limited US-UK trade deal, but 10% duties remain
Starmer says 'historic' deal to expand US-UK trade Deal opens 'a tremendous market' for the US - TrumpDeal is first since Trump launched global tariff warBaseline 10% tariff on UK goods to remain, Trump saysBy Andrea Shalal, Alistair Bell and Andrew MacAskill WASHINGTON/LONDON, Ma...Reuters
Thu, May 8
Near-record US container import streak expected to snap in May due to tariffs
US imports up 9% year-over-year in AprilMay imports at two largest US ports falling sharply this month Maersk said April US-China volume plunged 30-40%, underscoring May declinesTrump says of cargo declines: "That means we lose less money."By Lisa Baertlein and Andrea Shalal LOS ANGELES/W...Reuters
Thu, May 8
Chile's Copec Q1 profit falls 8.5% on weaker forestry unit
By Natalia SiniawskiMay 8 (Reuters) - Chilean industrial conglomerate Empresas Copec COPEC.SN on Thursday posted an 8.5% drop in first-quarter profit, as weaker forestry results from lower pulp prices and panel volumes were partly offset by a stronger energy sector performance.First-quarter profits ...Reuters
Thu, May 8
RPT-EXCLUSIVE-US sanctions on China refiners over Iran oil disrupt operations, sources say
U.S. sanctioned Luqing, Shengxing refiners over Iranian oilKey port operator rejects shipments to those refiners, sources saySanctions create hurdles for finance and sales, sources sayMeasures deter other 'teapots' from buying Iran oil, sources say By Siyi Liu, Trixie Yap and Chen Aizhu S...Reuters
Thu, May 8
US energy companies seek exemption from Trump plan to move LNG on US-built ships
USTR rules on LNG shipments surprised industryRules go against Trump vow to support US energy dominanceRules would disadvantage US LNG exporters in global marketIndustry says dearth of US shipbuilding makes compliance difficult By Lisa Baertlein and Jarrett Renshaw LOS ANGELES/WASHINGTON, May 7 (...Reuters
Thu, May 8
US-UK deal will save jobs at Jaguar Land Rover facility, ambassador says
May 8 (Reuters) - A limited bilateral trade deal between the United States and Britain will prevent layoffs that were planned at a Jaguar Land Rover TAMO.NS facility in the West Midlands in Britain, Ambassador to the U.S. Peter Mandelson said on Thursday. "This deal has saved those jobs," Ma...Reuters
Thu, May 8
Mexico's Pemex aims to reopen wells to boost falling oil output, documents and sources say
New E&P head says advancing with 'reactivation of closed wells'Some 4,800 wells could be reopened for production, data showsPrograms to extract more barrels are expensive and difficultPemex lacks funds for these strategic projectsBy Stefanie Eschenbacher, Adriana Barrera and Ana Isabel M...Reuters
Thu, May 8
CANADA-CRUDE-Discount on Western Canada Select heavy crude widens
May 8 (Reuters) - The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) CLc1 widened on Thursday.WCS for June delivery in Hardisty, Alberta, settled at $9.10 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, after havin...Reuters
Thu, May 8
LIVESTOCK-CME cattle higher as grilling season ramps up
By Heather Schlitz CHICAGO, May 8 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle rose on Thursday, as demand surged ahead of Mother's Day and the start of grilling season, analysts said.A tight cattle supply and strong demand from consumers and retailers has propelled c...Reuters
Thu, May 8
Citgo posts $82 million loss in Q1 amid weak margins
Crude utilization falls to 95% in Q1 from 98% in Q4Liquidity down to $2.1 bln from $3.8 bln in previous quarterFirst quarter was second period of consecutive lossBy Marianna Parraga HOUSTON, May 8 (Reuters) - Venezuela-owned refiner Citgo Petroleum registered an $82 million net loss in the first ...Reuters
Thu, May 8
Mexico's Pemex plans to reopen wells to boost declining production, documents and sources show
MEXICO CITY, May 8 (Reuters) - Mexican state energy company Pemex plans to reopen old wells in a bid to squeeze more barrels out of them to boost declining production, according to two documents and four sources, as it struggles to reach an ambitious government target.Earlier this week, Pemex said i...Reuters
Thu, May 8
MP Materials swings to quarterly loss on rising production costs
May 8 (Reuters) - U.S. rare earths producer MP Materials MP.N said on Thursday that it swung to a first-quarter loss due in part to rising production costs and interest expenses, though results met investors' expectations. The results are the first since the Las Vegas-based company said last ...Reuters
Thu, May 8
