News
Important Only
Japan to send a senior official to Alaska energy conference
TOKYO, May 30 (Reuters) - Japan's Economy, Trade and Industry Minister Yoji Muto said on Friday that a senior official will attend an energy conference in Alaska early next week, where the proposed $44 billion Alaska LNG project is expected to be discussed.Takehiko Matsuo, the ministry's Vic...Reuters
Fri, May 30
China says made progress in talks about resuming Japanese seafood imports
BEIJING, May 30 (Reuters) - China and Japan held another round of talks on the trade of Japanese aquatic products, at which both sides made "substantial progress", according to a statement from China's General Administration of Customs on Friday.The Japanese government said China has agr...Reuters
Fri, May 30
GRAINS-Wheat poised to end week lower on supply pressure, soybeans down
Wheat down 1.2% this week, corn down 2.6%, soybeans 1.5% lowerHigher Russian exports, improved India yields weigh on wheatImproved U.S. weather adds pressure on soybean, corn futuresBy Naveen Thukral SINGAPORE, May 30 (Reuters) - Chicago wheat edged higher on Friday, with bargain-buying supportin...Reuters
Fri, May 30
GRAINS-Wheat poised to end week lower on supply pressure
SINGAPORE, May 30 (Reuters) - Chicago wheat edged higher on Friday, with bargain-buying supporting prices, although the market is poised for a first weekly decline in three weeks on expectations of higher exports from Russia and improved yields in India.Reuters
Fri, May 30
Oil prices set for weekly drop with tariff legal battles, OPEC+ in focus
By Colleen Howe BEIJING, May 30 (Reuters) - Oil prices were on track to end the week down more than 1% on Friday amid whipsawing tariff rulings in the U.S. and as the market braced for a potential OPEC+ output hike.Brent crude futures LCOc1 slipped 26 cents, or 0.41%, to $63.89 a barrel by 0104 G...Reuters
Fri, May 30
PREVIEW-Global airlines to address trade war, net-zero uncertainties at annual summit
Airlines body IATA holding CEO meeting in New Delhi from Sunday to TuesdayPassenger numbers at record levels, but airlines face cost pressures, delivery delaysAviation safety to be in focus after a spate of recent accidentsBy Lisa Barrington and Abhijith Ganapavaram NEW DELHI, May 30 (Reuters) - ...Reuters
Fri, May 30
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 30 (Reuters) - Contract Target Support/Resistance Brent oil $63.46/$63.11res $64.38/$64.80Palm oil (3rd month)3,886/3,860 ringgitres 3,912/3,945 ringgitWTI* $60.48/$59.87/$59.45res $61.47/$62.08Spot gold$3,272res $3,330/$3,348/$3,365LME c...Reuters
Fri, May 30
US terminal operator warns its ethane, butane exports to China could fall
May 29 (Reuters) - Enterprise Products Partners EPD.N on Thursday said its ethane and butane exports could be hurt by a U.S. Department of Commerce requirement that it apply for a license to export to China.The United States has ordered a broad swathe of companies to stop shipping goods, including e...Reuters
Thu, May 29
US Cash Grains-Soy, corn basis bids unchanged in quiet trade
CHICAGO, May 29 (Reuters) - Spot soybean and corn basis bids were steady as farmers focused on seeding the remainder of their crop, dealers said. Chicago corn futures fell on Thursday as beneficial weather patterns moved through growing areas, analysts said.Cheap South American crops also weighed on...Reuters
Thu, May 29
Court battle over Trump tariffs prolongs shipper uncertainty as holiday season nears
Trump tariff uncertainty sidelines importersPort of Los Angeles May volume down double-digits from last yearHoliday shipping season off to soft start at Port of Los AngelesBy Lisa Baertlein LOS ANGELES, May 29 (Reuters) - Importer uncertainty ahead of the vital holiday ocean shipping season remai...Reuters
Thu, May 29
LIVESTOCK-CME cattle futures climb on cash, boxed beef strength
By Renee Hickman CHICAGO, May 29 (Reuters) - Chicago Mercantile Exchange cattle futures rallied on Thursday following a two-day decline, lifted by strong cash cattle markets and rising wholesale beef prices, traders said. Benchmark CME August live cattle futures LCQ25 rose 1.900 cents to settle a...Reuters
Thu, May 29
Sempra's Port Arthur Phase 2 wins US approval to export LNG
WASHINGTON, May 29 (Reuters) - Sempra's SRE.N Port Arthur Phase 2 project in Texas has won U.S. approval to export liquefied natural gas to markets in Europe and Asia, the Department of Energy said on Thursday. It was the first final LNG export authorization under U.S. President Donald Trump, wh...Reuters
Thu, May 29
Meyer Burger closes US solar panel factory in Arizona
By Nichola GroomMay 29 (Reuters) - Solar panel maker Meyer Burger MBTN.S shut down a U.S. factory in Arizona due to financial troubles, cutting all 282 employees, the Swiss company said on Thursday.The closure is a setback for solar industry efforts to build a domestic supply chain and reduce its re...Reuters
Thu, May 29
Barrick asks World Bank court to intervene in Mali proceedings
Barrick seeks World Bank court intervention to prevent Mali mine takeoverMali's new mining code challenges foreign companiesBarrick claims Mali moved goal posts on investment termsBy Divya RajagopalTORONTO, May 29 (Reuters) - Barrick Mining ABX.TO has asked the arbitration tribunal of the World ...Reuters
Thu, May 29
Wells Fargo signs deal to sell $4.4 billion rail assets portfolio
May 29 (Reuters) - Wells Fargo WFC.N said on Thursday it has signed a deal to sell its rail equipment leasing business to a newly formed joint venture between railcar lessor GATX Corporation GATX.N and Brookfield Infrastructure BIP.N.The deal, which the U.S. banking giant said will not have a materi...Reuters
Thu, May 29
Enterprise Products says its China exports could fall due to license requirement
HOUSTON, May 29 (Reuters) - Enterprise Products Partners EPD.N on Thursday said its ethane and butane exports could be hurt by a U.S. Department of Commerce requirement that it apply for a license to export to China. The United States has ordered a broad swathe of companies to stop shipping go...Reuters
Thu, May 29
North Dakota regulator extends how long oil producers can leave wells uncompleted after drilling
HOUSTON, May 29 (Reuters) - North Dakota has extended its policy on how long producers can leave wells uncompleted after drilling, a move that is expected to help drillers cope with weak oil prices, the state's Department of Mineral Resources said on Thursday.Oil producers around the country hav...Reuters
Thu, May 29
