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CORRECTED-Spear AI raises first round of funding to apply AI to submarine data
By Stephen NellisSAN FRANCISCO, July 25 (Reuters) - A startup founded by U.S. Navy veterans aiming to help the U.S. military use artificial intelligence to decipher data gathered by submarines has raised its first round of outside capital.Washington-based Spear AI specializes in working with what is...Reuters
Fri, Jul 25
Economists doubt Trump outlook that US will sell 'so much' beef to Australia
Australia relaxed curbs on US beef importsCanberra says decision not related to trade talksHigh prices make big US exports unlikely, analysts sayUS cattle herd fell to record low for July, USDA saysAustralian opposition concerned about biosecurity riskBy Kanishka Singh, Peter Hobson and Tom Polansek...Reuters
Fri, Jul 25
US Cash Crude-Coastal grades weaken on final day of roll trade
July 25 (Reuters) - Cash price differentials for coastal U.S. crude grades weakened on Friday, dealers said, on the final day of the roll trade period.The three-day roll trade period begins on the session after the expiration of the front-month U.S. crude futures contract CLc1. Traders use it to squ...Reuters
Fri, Jul 25
CBOT corn futures dip as large US harvest looms
CHICAGO, July 25 (Reuters) - Chicago Board of Trade corn futures eased on Friday amid expectations of a large U.S. harvest, and weather forecasts that could benefit Midwestern crop production yields, market analysts said.New-crop CBOT December CZ25 ended the day down 1-3/4 cents at $4.19 a bushel. T...Reuters
Fri, Jul 25
GRAINS-Chicago wheat futures dip on global supply pressure; corn, soybeans fall
Corn futures slide on beneficial weather forecast, large US harvest expectationsSoybeans slip on slower-than-hoped U.S. export salesEU-US trade talks may end uncertainty for European industryBy P.J. Huffstutter CHICAGO, July 25 (Reuters) - Chicago Board of Trade wheat futures fell on Friday a...Reuters
Fri, Jul 25
Chicago wheat futures decline as global supply pressures market
CHICAGO, July 25 (Reuters) - Chicago Board of Trade wheat futures fell on Friday, and also ended the week lower, as plentiful global supply from ongoing Northern Hemisphere harvests outweighed strong U.S. exports, market analysts said.CBOT September soft red winter wheat WU25 closed down 3-1/4 cents...Reuters
Fri, Jul 25
Oil prices dip to settle at 3-week low on US and China economic concerns
US and China economic concerns impact oil pricesVenezuelan oil exports may rise as US eases rulesUS oil/gas rig count falls for 12th time in 13 weeks - Baker HughesBy Scott DiSavino NEW YORK, July 25 (Reuters) - Oil prices eased on Friday and settled at a three-week low as traders worried about n...Reuters
Fri, Jul 25
US soybean futures dip as trade uncertainty lingers
CHICAGO, July 25 (Reuters) - Chicago Board of Trade soybean futures ended lower Friday - with the most-active contract Sv1 also ending down for the week - on trade uncertainty and export demand questions, market analysts said.Soybean futures also faced pressure from expectations of large U.S. produc...Reuters
Fri, Jul 25
US natgas prices edge up as near-record fuels air conditioning demand
Hottest days of summer coming early next weekGas stockpiles seen at 7% above normal and growingGas output on track for monthly record high in JulyBy Scott DiSavinoJuly 25 (Reuters) - U.S. natural gas futures edged up on Friday on forecasts for near-record heat early next week that should cause power...Reuters
Fri, Jul 25
Trump tariffs weigh on Brazil chemical exporters, spark order cancellations
By Ana ManoSAO PAULO, July 25 (Reuters) - Chemical products companies in Brazil, which exported $2.4 billion to the U.S. last year, face a slew of contract cancellations as President Donald Trump has threatened a new 50% tariff on the South American nation's exports from August 1.Since Trump'...Reuters
Fri, Jul 25
Dairy farm cooperatives settle milk price-fixing lawsuit for $34 million
By Mike Scarcella July 25 (Reuters) - Two dairy farm cooperatives have agreed to pay a combined $34 million to resolve a proposed class action accusing them of conspiring to fix milk prices in Texas, New Mexico and other parts of the southwestern United States.The preliminary settlement was filed...Reuters
Fri, Jul 25
OPEC says JMMC does not hold decision-making authority over production levels
July 25 (Reuters) - The Organization of the Petroleum Exporting Countries (OPEC) said on Friday that the joint ministerial monitoring committee(JMMC), scheduled to convene on Monday, does not hold decision-making authority over production levels.OPEC added that claims linking the JMMC meeting to oil...Reuters
Fri, Jul 25
Phillips 66 to operate refineries in low to mid 90% range in Q3 2025
NEW YORK, July 25 (Reuters) - U.S. crude oil refiner Phillips 66 PSX.N plans to operate its refineries in the low to mid-90% range of combined capacity of 1.5 million barrels per day in the third quarter, Chief Financial Officer Kevin Mitchell said on Friday during a conference call with analysts.Th...Reuters
Fri, Jul 25
US drillers cut oil and gas rigs for 12th time in 13 weeks, Baker Hughes says
By Scott DiSavino July 24 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the 12th time in 13 weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future outpu...Reuters
Fri, Jul 25
Venezuela oil company PDVSA readies return to work under previous US terms
Company expects US to authorize full return to previous mechanismIf partners are allowed to contribute to payments, swaps, Venezuela would secure source of revenueCountry has stabilized oil output at around 1 million bpdBy Marianna Parraga July 25 (Reuters) - Venezuela's state-run oil company...Reuters
Fri, Jul 25
Europe Gasoline/Naphtha-Gasoline profit margins edge up
LONDON, July 25 (Reuters) - Northwest European gasoline profit margins rose by about 9 cents to $13.57 a barrel on Friday.A total of 6,000 metric tons of Eurobob E5 gasoline barges traded, with Trafigura and BP selling to TotalEnergies, Varo and Aramco.An additional 10,000 tons of Eurobob E10 barges...Reuters
Fri, Jul 25
US drillers cut oil and gas rigs for 12th time in 13 weeks, Baker Hughes says
By Scott DiSavino July 24 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the 12th time in 13 weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future outpu...Reuters
Fri, Jul 25
EU wheat ends week lower as supply pressure continues
PARIS, July 25 (Reuters) - European wheat prices shed more than 3% this week, pressured by abundant global supplies as traders awaited clearer assessments of potential damage from recent rainfall on the quality of German crops.Benchmark September milling wheat BL2U5 on Paris-based Euronext, closed 0...Reuters
Fri, Jul 25
