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LIVESTOCK-CME cattle futures stampede higher as cash cattle market soars
By Julie Ingwersen CHICAGO, June 6 (Reuters) - Chicago Mercantile Exchange cattle futures set life-of-contract highs on Friday, sparked by soaring cash prices as meat packers scrambled to keep their plants operating while cattle supplies remained tight, traders said.CME August live cattle futures...Reuters
Sat, Jun 7
USDA redaction of trade analysis causes concern about report integrity
USDA delays quarterly ag trade report, cites internal review processDelayed report published without its usual explanatory text Text of report had linked Trump's tariffs to rising agricultural trade deficitAnalysts worry that staff cutbacks may affect future reportsBy Julie Ingwersen, Leah Dougl...Reuters
Fri, Jun 6
Trump says China's Xi agreed to let rare earth minerals flow to US
Trump says Xi will let critical minerals flowRemark follows rare call between two leadersChina did not immediately commentBy Trevor Hunnicutt WASHINGTON, June 6 (Reuters) - U.S. President Donald Trump said on Friday that Chinese President Xi Jinping agreed to let rare earth minerals and magnets f...Reuters
Fri, Jun 6
US ethane vessels stall amid curbs on exports to China
At least 7 ships are anchored or hovering in US Gulf watersOne vessel docks near Houston after heading away from Gulf CoastNo immediate alternative markets for US ethane exports, consultant saysBy Arathy Somasekhar, Georgina McCartney and Trixie Yap HOUSTON/SINGAPORE, June 6 (Reuters) - Over half...Reuters
Fri, Jun 6
CIF/FOB Gulf Grain-Soybean barge bids firm slightly, corn bids generally steady
CHICAGO, June 6 (Reuters) - Basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals ticked higher on Friday, while bids for corn loadings in nearby months were mostly steady, traders said.The U.S. Department of Agriculture is slated to update U.S. corn and soy crop condition ratings ...Reuters
Fri, Jun 6
Trump says China's Xi agreed to restart flow of rare earth minerals
WASHINGTON, June 6 (Reuters) - U.S. President Donald Trump said on Friday that Chinese President Xi Jinping had agreed to restart the flow of rare earth minerals to the United States."We're very far advanced on the China deal," Trump told reporters aboard Air Force One.Reuters
Fri, Jun 6
WTI-Brent spread at narrowest in almost two years as US prices rise
By Georgina McCartney HOUSTON, June 6 (Reuters) - The spread between U.S. West Texas Intermediate and Brent crude futures narrowed to its tightest level since September 2023 on Friday as U.S. prices rose on a sliding rig count and Canadian wildfires that cut supplies, analysts and traders said. U...Reuters
Fri, Jun 6
CANADA-CRUDE-Discount on Western Canada Select narrows
June 6 (Reuters) - The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate (WTI) futures CLc1 narrowed on Friday.WCS for July delivery in Hardisty, Alberta, settled at $8.85 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, after havin...Reuters
Fri, Jun 6
CBOT wheat ends higher as Russia-Ukraine tensions escalate
CHICAGO, June 6 (Reuters) - Chicago Board of Trade wheat futures closed higher on Friday for a third straight session as escalating hostilities between key grain exporters Russia and Ukraine, along with weather-related U.S. harvest delays, prompted speculators to cover short positions ahead of the w...Reuters
Fri, Jun 6
US Cash Grains-Corn bids steady-firmer, US crop weather looks benign
CHICAGO, June 6 (Reuters) - Spot basis bids for U.S. corn were mostly flat to stronger at Midwestern grain elevators and processing plants on Friday, extending a trend in the cash market, dealers said.The basis rose by 2 cents at an elevator in Council Bluffs, Iowa, and by 5 cents at a port facility...Reuters
Fri, Jun 6
US Cash Crude-Grades mixed on expected dip in future supply, weakened refinery demand
June 6 (Reuters) - Grades were mixed on Friday, dealers said, as domestic supplies are set to slip while refining demand was also expected to fall. U.S. energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since September 2023...Reuters
Fri, Jun 6
Trump administration approves coal mine expansion to boost Asia exports
WASHINGTON, June 6 (Reuters) - The U.S. Interior Department approved a plan by Signal Peak Energy to expand coal mining, providing exports for Japan and South Korea, the agency said on Friday, as it responded to President Donald Trump's energy-emergency directives.The approval authorizes the Mon...Reuters
Fri, Jun 6
Missouri probes false report about screwworm pest that hurt US cattle prices
By Tom Polansek June 6 (Reuters) - Missouri authorities are investigating a fake press release about the damaging livestock pest New World screwworm that sparked a selloff in U.S. cattle futures markets last week, the state's agriculture department said on Friday.U.S. agriculture officials an...Reuters
Fri, Jun 6
US Plains HRW Wheat-Basis bids unchanged as rain slows harvesting
CHICAGO, June 6 (Reuters) - Spot basis bids for hard red winter (HRW) wheat remained steady in the southern U.S. Plains on Friday as rain impeded early harvesting, grain dealers said.Forecasts for continued rainfall could potentially threaten the crop's quality, a broker said.The U.S. Department...Reuters
Fri, Jun 6
US oil/gas rig count falls for 6th week to 2021 lows, Baker Hughes says
By Scott DiSavino June 6 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since September 2023, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count,...Reuters
Fri, Jun 6
EXCLUSIVE-US suspends licenses to ship nuclear plant parts to China, sources say
Nuclear equipment suppliers include Emerson, WestinghouseSuspensions come amid two-week blitz of restrictions on exports to ChinaShipments of hydraulic fluid, jet engines among broad swathe of items affectedRestrictions imposed during tense U.S.-China trade warBy Karen Freifeld and Fanny Potkin J...Reuters
Fri, Jun 6
CBOT soybeans rise on US-China trade optimism
CHICAGO, June 6 (Reuters) - Chicago Board of Trade soybean futures closed higher on Friday on optimism about U.S. trade relations with top global soy buyer China after leaders of the two countries spoke and agreed to further discussions, and as soyoil futures climbed 1.8% to a one-week top, traders ...Reuters
Fri, Jun 6
Crude climbs on US jobs report, China talks
Brent, WTI poised to finish the week higherU.S. jobs report shows unemployment steady at 4.2%Trade negotiations continue with ChinaU.S. oil, gas rigs hit lowest level since November 2021By Erwin Seba HOUSTON, June 6 (Reuters) - Crude rose more than $1 a barrel on Friday, posting its first weekly ...Reuters
Fri, Jun 6
ICE canola futures break higher to end week flat
WINNIPEG, Manitoba, June 6 (Reuters) - ICE canola futures rose on spillover optimism from Chicago on Friday after U.S. President Donald Trump said he had a cheery trade chat with the Chinese president.• The week ended near the same point it began, at $710, with midweek weakness failing to provoke a ...Reuters
Fri, Jun 6
