News
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TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 29 (Reuters) - Contract Target Support/Resistance Brent oil $65.33/$65.82/$66.12sup $64.54/$64.04Palm oil (3rd month)3,867/3,838/3,814 ringgitres 3,911/3,928 ringgitWTI* $62.86/$63.36sup $62.05/$61.55Spot gold$3,234/3,218res $3,284/$3,304...Reuters
Thu, May 29
China offers Pacific Islands increased support in addressing climate change
BEIJING, May 29 (Reuters) - Chinese Foreign Minister Wang Yi pledged increased support from the world's second-largest economy to Pacific Island countries in addressing climate change, during a summit China's Xiamen on Wednesday, according to a ministry readout. The world's biggest bilat...Reuters
Wed, May 28
US cancels more than $700 million funding for Moderna bird flu vaccine
By Patrick WingroveMay 28 (Reuters) - The Trump administration has canceled a contract awarded to Moderna MRNA.O for the late-stage development of its bird flu vaccine for humans, as well as the right to purchase shots, the drugmaker announced on Wednesday. Shares of Moderna were flat in after-marke...Reuters
Wed, May 28
Canada's Nutrien plans major Pacific Northwest terminal to boost potash exports
May 28 (Reuters) - Fertilizer producer Nutrien NTR.TO said on Wednesday it was planning a major terminal at a Pacific Northwest port and is currently exploring sites in the United States and Canada."Nutrien is reviewing options to increase West Coast port capacity as part of our long-term strate...Reuters
Wed, May 28
COLUMN-What to make of surprisingly low US crop ratings: Braun
By Karen Braun NAPERVILLE, Illinois, May 28 (Reuters) - The U.S. corn crop has gotten off to a somewhat disappointing start in what is supposed to be a record producing season.Meanwhile, U.S. spring wheat is experiencing its second-worst start to the growing season in history after this year’s pl...Reuters
Wed, May 28
LIVESTOCK-CME lean hog futures up as grilling season kicks off
By Renee Hickman CHICAGO, May 28 (Reuters) - Chicago Mercantile Exchange lean hog futures rose on Wednesday for a second day in a row as stronger demand was anticipated with the spring/summer grilling season getting into gear following the Memorial Day holiday in the U.S. CME most actively trade...Reuters
Wed, May 28
US cancels more $700 million funding for Moderna bird flu vaccine
By Patrick WingroveMay 28 (Reuters) - The Trump administration has cancelled a contract awarded to Moderna MRNA.O for the late-stage development of its bird flu vaccine for humans, as well as the right to purchase shots, according to the drugmaker. Moderna in January was awarded $590 million by the ...Reuters
Wed, May 28
CIF/FOB Gulf Grain-Corn barge bids mostly steady to lower
CHICAGO, May 28 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast terminals were mostly steady to lower on Wednesday, traders said.U.S. corn export sales are beginning to slow after demand has been strong, brokers said, noting that some Asian buyers are increasingly booking Brazi...Reuters
Wed, May 28
IG4 Capital in talks to invest in Brazil's Rio Alto Energias, say sources
By Luciana Magalhaes and Leticia FucuchimaSAO PAULO, May 28 (Reuters) - A new fund managed by private equity firm IG4 Capital is in advanced talks with creditors of Brazilian renewable power company Rio Alto Energias Renovaveis RIOS3.SA to restructure and invest in its operations, two people familia...Reuters
Wed, May 28
US judge bars Trump from ending New York congestion program
Judge Liman criticizes the Transportation Department's tactics as coerciveNew York says its congestion pricing program reduces traffic by 8% to 13%Funds from the program will support $15 billion in transit improvementsBy David Shepardson May 28 (Reuters) - A judge on Wednesday blocked the U.S...Reuters
Wed, May 28
Oil gains on supply concerns, investors await July OPEC+ output decision
OPEC+ keeps output policy unchangedEight OPEC+ members expected to agree to output boost SaturdayGoldman Sachs sees OPEC+ keeping output steady after July hikeChevron's Venezuelan oil curbs, Canadian wildfires limit price downsideBy Nicole Jao NEW YORK, May 28 (Reuters) - Oil prices gained mo...Reuters
Wed, May 28
GRAINS-CBOT soybeans, corn fall on quick planting pace
Corn and soy fall on plantings ahead of 5-year averagesWheat rises on lower than expected crop ratingsCorn and soybeans pressured by large Brazil crop expectationsBy Renee Hickman CHICAGO, May 28 (Reuters) - Chicago soybean futures dropped on Wednesday as the U.S. Department of Agriculture's ...Reuters
Wed, May 28
US Cash Crude-Coastal grades strengthen as refiners increase output
May 28 (Reuters) - U.S. coastal crude grades strengthened on Wednesday, dealers said, while domestic refiners are expected to increase their capacity and a major refinery in Joliet, Illinois brought a unit back to full capacity.Mars Sour WTC-MRS strengthened 45 cents at a midpoint of a 95-cent premi...Reuters
Wed, May 28
Natural gas flows to Freeport LNG export plant in Texas drop Wednesday, sources say
By Curtis Williams HOUSTON, May 28 (Reuters) - Natural gas flows to a Freeport liquefied natural gas (LNG) export plant in Texas declined on Wednesday, likely leading to a reduction in LNG output, two sources said.Freeport is the third largest LNG export facility in the U.S. and has helped the co...Reuters
Wed, May 28
CBOT wheat futures rise as USDA crop ratings fall
CHICAGO, May 28 (Reuters) - Chicago Board of Trade wheat futures firmed on Wednesday as U.S. Department of Agriculture crop ratings came in lower than expected. CBOT July soft red winter wheat WN25 settled up 1-3/4 cents at $5.30-1/4 a bushel.K.C. July hard red winter wheat KWN25 ended up 3/4 cent ...Reuters
Wed, May 28
CBOT soybeans weaken as planting progress moves rapidly
CHICAGO, May 28 (Reuters) - Chicago Board of Trade soybean futures lost ground on Wednesday as the U.S. Department of Agriculture reported planting progress ahead of the five-year average. CBOT July soybeans SN25 settled down 14 cents at $10.48-1/2 a bushel.CBOT July soyoil BON25 ended 0.64 cent low...Reuters
Wed, May 28
US Cash Grains-Soy, corn basis nearly unchanged amid slow selling
CHICAGO, May 28 (Reuters) - Spot soybean and corn basis bids were muted in quiet cash trade on Wednesday as farmer selling was mixed as planting was in varying stages across the country. The corn basis rose by 4 cents at a rail terminal in Ohio. Corn, soy and wheat basis bids were steady elsewhere, ...Reuters
Wed, May 28
US Plains HRW Wheat-Basis bids steady-higher as futures rebound
CHICAGO, May 28 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady to higher in the U.S. Plains on Wednesday as a bounce in futures prices and decent export demand encouraged some selling. U.S. crop ratings came in below market expectations, though prices remained within sight o...Reuters
Wed, May 28
US natgas prices drop 6% on volatile contract expiration, talk of Freeport LNG reduction
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 4% over five-year normalBy Scott DiSavino May 28 (Reuters) - U.S. natural gas futures fell about 6% on Wednesday to a one-week low in volatile contract expiration trade, pressured by an ex...Reuters
Wed, May 28
