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CBOT corn falls on good weather in central US, cheap South American supplies
CHICAGO, May 29 (Reuters) - Chicago Board of Trade corn futures dipped down on Thursday as benign weather was forecast in the central U.S. and cheap South American crops undercut U.S. exports, according to analysts. CBOT July corn CN25 settled down 4 cents at $4.47 a bushel. A Reuters poll of analys...Reuters
Thu, May 29
EXCLUSIVE-White House considers plan to clear record backlog of small refinery biofuel waivers
Backlog of exemption requests built up during President Biden's administration Trump administration looking to unwind the backlog without disrupting marketPlan under consideration would rule on 2024 requests, delay othersBy Jarrett Renshaw and Stephanie KellyWASHINGTON, May 29 (Reuters) - The Wh...Reuters
Thu, May 29
US natgas prices ease on forecasts for less demand this week
US LNG export feedgas is down in May after hitting a record in AprilUS gas output is down in May after hitting a record in AprilUS gas storage is about 4% over the five-year normalBy Scott DiSavino May 29 (Reuters) - U.S. natural gas futures eased about 1% on Thursday as forecasts for less demand...Reuters
Thu, May 29
ICE canola futures firm on weak day for vegoils
WINNIPEG, Manitoba, May 29 (Reuters) - ICE canola futures firmed on Thursday despite downward pressure in the vegoils market.• July canola RSN5 settled up $3.90 at $715.90 per metric ton. November RSX5 settled up $5.50 at $691.80. • A trader said the market believes it needs to bid-up canola prices ...Reuters
Thu, May 29
CBOT soybeans tick up as Trump tariffs in court battle
CHICAGO, May 29 (Reuters) - Chicago Board of Trade soybean futures firmed on Thursday as the U.S. dollar fell with investors anticipating a court fight over Trump's trade wars, but beneficial weather in the central United States kept a ceiling on prices. CBOT July soybeans SN25 settled up 3-1/...Reuters
Thu, May 29
Tight US fuel inventories add supply risks to above-average hurricane season
Low inventories heighten supply risks amid hurricane seasonGulf Coast disruptions could spike Eastern product pricesFuel demand drop during storms may limit price volatilityBy Nicole Jao and Shariq Khan NEW YORK, May 29 (Reuters) - Low levels of fuel inventories in the United States have stoked s...Reuters
Thu, May 29
Oil prices fall as investors assess US court ruling on Trump tariffs
Oil volatile after earlier gains on US court blocking Trump's tariffs OPEC+ could hike oil output for July, say sources and analystUS crude, gasoline and distillate inventories fall, EIA saysBy Stephanie Kelly NEW YORK, May 29 (Reuters) - Oil prices fell over 1% on Thursday, retreating from ...Reuters
Thu, May 29
Williams working with federal, state regulators to revive Pennsylvania-New York natgas pipes
By Scott DiSavino May 29 (Reuters) - U.S. energy company Williams Cos WMB.N said on Thursday it was working with federal and state regulators to revive two previously canceled natural gas pipelines from Pennsylvania to New York.The pipelines are the Northeast Supply Enhancement (NESE) from Pennsy...Reuters
Thu, May 29
US Plains HRW Wheat-Basis bids flat as futures gain strength
CHICAGO, May 29 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were flat in the U.S. Plains on Thursday as futures extended gains.U.S. crop ratings came in below market expectations, though prices remained within sight of a five-year low amid broadly favorable harvest prospects in the n...Reuters
Thu, May 29
PRECIOUS-Gold holds firm as markets digest court roadblock on tariffs
US weekly jobless claims rise more than expected Trump tariff push given new twist by court setbackUS PCE due on Friday By Ashitha Shivaprasad May 29 (Reuters) - Gold prices rose in volatile trading on Thursday, aided by softer jobs data, while market participants also digested a court ruling tha...Reuters
Thu, May 29
Williams working with federal and state regulators to revive canceled Pennsylvania-New York natgas pipes
May 29 (Reuters) - U.S. energy company Williams Cos WMB.N said on Thursday it is working with federal and state regulators to revive two previously canceled natural gas pipes from Pennsylvania to New York.The pipelines are the Northeast Supply Enhancement (NESE) and Constitution Pipeline.Reuters
Thu, May 29
GRAINS-CBOT corn prices slip as weather aids US crops
U.S. weather aids corn, soybeans, wheatA falling dollar supports wheatSouth American harvest pressures cornBy Renee Hickman CHICAGO, May 29 (Reuters) - Chicago corn futures fell on Thursday as beneficial weather patterns moved through growing areas, analysts said. Cheap South American crops al...Reuters
Thu, May 29
US Cash Grains-Spot soybean, corn bids steady as planting continues
CHICAGO, May 29 (Reuters) - Spot soybean and corn basis bids were steady in the U.S. Midwest on Thursday as farmers focused on seeding the remainder of their crop.The corn and soy bid ticked up at an Illinois river terminal. Basis bids were steady elsewhere, spot checks showed.A stronger dollar, whi...Reuters
Thu, May 29
Boeing CEO says company is 'pretty confident' it is ready to increase 737 MAX output
Boeing 'pretty confident' it can increase production of 737 MAX jets to 42 a month After FAA approves output increase, CEO says company has subsequent rate increases in its planBy Dan Catchpole May 29 (Reuters) - Boeing BA.N is "pretty confident" that it can increase production of...Reuters
Thu, May 29
Wartsila bets flexibility key for ethanol power generation in Brazil
Wartsila says running an engine on ethanol will provide needed flexibilityEarlier successful tests for ethanol power in Brazil failed to advance furtherBy Oliver Griffin SAO PAULO, May 29 (Reuters) - Finland's Wartsila WRT1V.HE is betting that a more nimble way to generate power with ethanol ...Reuters
Thu, May 29
Gold surges above $3,300 as US jobs data disappoints, Trump tariffs blocked
Gold price bounced off weekly lows of $3,245 and rose past $3,300 on Thursday, helped by a softer jobs report in the United States (US), while markets cheered a US court decision to block US President Donald Trump’s tariffs. At the time of writing, XAU/USD trades at $3,318 and gains 0.94%.
Fxstreet
Thu, May 29
EU wheat sets contract low as Russia crop outlook improves
LONDON, May 29 (Reuters) - Euronext wheat prices ended little changed on Thursday after earlier setting a contract low as an improving outlook for crops in Russia heightened concerns about slow export demand.September milling wheat BL2U5, the most active position on Paris-based Euronext, settled at ...Reuters
Thu, May 29
CORRECTED-South Africa proposes buying US LNG as seeks trade deal
Trade package was proposed during Ramaphosa's White House visitPackage also includes duty-free proposals for South African-made vehicles and auto partsGovernment website down because of technical issuesBy Wendell Roelf CAPE TOWN, May 26 (Reuters) - South Africa has offered to buy liquefied na...Reuters
Thu, May 29
METALS-Copper steady after US court puts brakes on Trump tariffs
By Ashitha Shivaprasad May 29 (Reuters) - Copper prices steadied on Thursday, lifted by market optimism after a federal court halted President Donald Trump's move to impose sweeping tariffs on imports from most of the United States' trading partners.The Court of International Trade blocke...Reuters
Thu, May 29
US distillate fuel oil stocks fell last week to lowest in two decades, EIA says
NEW YORK, May 29 (Reuters) - U.S. inventories of distillate fuel oil fell by 2.4 million barrels to 223.1 million barrels in the week ended May 23, the lowest since April 2005, data from the Energy Information Administration showed on Thursday.Distillate fuel stocks, which include diesel and heating...Reuters
Thu, May 29
