News
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PRECIOUS-Gold stages rebound as US dollar, Treasury yields slip
May 28 (Reuters) - Gold prices gained on Wednesday, helped by a slight retreat in the dollar and lower U.S. bond yields as investors await a U.S. core Personal Consumption Expenditures (PCE) price index report due later this week for interest rate clues. FUNDAMENTALS* Spot gold XAU= was u...Reuters
Wed, May 28
USDA mission to travel to Mexico with eye toward lifting cattle import suspension, Mexico says
MEXICO CITY, May 27 (Reuters) - A mission representing the U.S. Department of Agriculture (USDA) will travel to Mexico in the coming days, Mexico's agriculture ministry said on Tuesday, and could then lift its suspension of Mexican cattle imports.The U.S. had suspended the imports on an outbreak...Reuters
Wed, May 28
WTI holds below $61.00 amid supply concerns, all eyes on OPEC+ meeting
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.90 during the Asian trading hours on Wednesday. The WTI price edges lower amid supply concerns after Iranian and US delegations made progress in their nuclear talks.
Fxstreet
Wed, May 28
USDA mission to travel to Mexico with eye toward lifting cattle import suspension, Mexico says
MEXICO CITY, May 27 (Reuters) - A mission representing the U.S. Department of Agriculture (USDA) will travel to Mexico in the coming days, Mexico's agriculture ministry said on Tuesday, and could then lift its suspension of Mexican cattle imports.The U.S. had suspended the imports on an outbreak...Reuters
Wed, May 28
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 28 (Reuters) - Contract Target Support/Resistance Brent oil $63.71/$63.25res $64.54/$64.93/$65.33Palm oil (3rd month)3,838/3,814 ringgitres 3,878/3,902 ringgitWTI* $60.23res $61.55/$62.05/$62.45Spot gold$3,335sup $3,284/$3,266LME copper (...Reuters
Wed, May 28
US grants Chevron narrow authorization to keep assets in Venezuela, sources say
Chevron's new authorization restricts operations in Venezuela, sources sayChevron's previous license to operate in Venezuela expired on TuesdayVenezuela's oil output hindered by sanctions, mismanagement and lack of investment May 27 (Reuters) - The Trump administration has issued a na...Reuters
Tue, May 27
US judge extends topping period in Citgo parent's auction
By Marianna Parraga HOUSTON, May 27 (Reuters) - A U.S. federal judge has extended to at least June 2 a period for bidders to submit rival bids in a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a filing released on Tuesday.Last month, Del...Reuters
Tue, May 27
Brazil government renews tariffs, quotas on steel products
SAO PAULO, May 27 (Reuters) - Brazil's government on Tuesday decided to renew 25% tariffs initially imposed last year on 19 steel products, while also expanding the trade defense measure to other four, Brazil's Ministry of Development, Industry, Trade and Services said.The decision, which wa...Reuters
Tue, May 27
Centerpoint Energy Restored 90% Of 167,000 Outages Experienced Overnight Across Greater Houston
May 27 (Reuters) - CenterPoint Energy Inc CNP.N:SPRING STORM UPDATE: CENTERPOINT ENERGY HAS RESTORED 90% OF THE 167,000 OUTAGES EXPERIENCED OVERNIGHT ACROSS GREATER HOUSTONCENTERPOINT ENERGY INC - FEWER THAN 15,000 CUSTOMERS REMAIN WITHOUT POWER IN HOUSTONReuters
Tue, May 27
US appeals court rejects challenge to federal marijuana ban
1st Circuit rejects David Boies-backed challengeSupreme Court upheld federal ban on marijuana in 2005Plaintiffs argued policy changes since then undercut rulingBy Nate Raymond BOSTON, May 27 (Reuters) - A U.S. appeals court on Tuesday rejected arguments by several Massachusetts cannabis businesse...Reuters
Tue, May 27
Brazil government renews tariffs, quotas on steel products
SAO PAULO, May 27 (Reuters) - Brazil's government on Tuesday decided to renew 25% tariffs initially imposed last year on 19 steel products, while also expanding the trade defense measure to other four, Brazil's Ministry of Development, Industry, Trade and Services said in a statement.The dec...Reuters
Tue, May 27
US grants Chevron narrow authorization to keep assets in Venezuela, sources say
May 27 (Reuters) - The Trump administration has issued a narrow authorization for U.S. oil producer Chevron CVX.N to keep assets in Venezuela, including its stakes in oil joint ventures with state company PDVSA, two sources with knowledge of the decision said on Tuesday.Reuters
Tue, May 27
LIVESTOCK-CME lean hog futures climb as seasonal demand ticks up
By Renee HickmanCHICAGO, May 27 (Reuters) - Chicago Mercantile Exchange lean hog futures rose on Tuesday following the U.S. Memorial Day holiday weekend and as the grilling season kicked into gear, according to analysts. CME most actively traded July lean hogs LHN25 rose 0.600 cent to finish at 102....Reuters
Tue, May 27
New Fortress Energy receives notice from Nasdaq for non-compliance
May 27 (Reuters) - U.S. LNG company New Fortress Energy NFE.O on Tuesday said it received an expected notice from Nasdaq on non-compliance with the stock market's listing rule for not submitting its quarterly reports with the U.S. Securities and Exchange Commission.Earlier this month, the compan...Reuters
Tue, May 27
US Cash Grains-Soy, corn basis steady in muted trade
CHICAGO, May 27 (Reuters) - Spot soybean and corn basis bids were flat in the U.S. Midwest on Tuesday amid slow farmer selling and tepid demand, dealers said.Soy and corn bids were steady, spot checks showed.The wheat basis ticked higher at an Ohio elevator. Chicago futures resumed trading on Tuesda...Reuters
Tue, May 27
GRAINS-Wheat falls on rain in growing regions
By Renee Hickman CHICAGO, May 27 (Reuters) - Chicago wheat fell for a third straight session on Tuesday, as rain in growing areas of the U.S. Plains improved moisture for the crop, reinforcing expectations of a well-supplied market, according to analysts. Corn also eased, curbed by a bounce in th...Reuters
Tue, May 27
Biggest California utility sees more than 40% jump in data center interest, executive says
PG&E says data center interest up in new parts of CaliforniaPotential new demand seen in April studyData center developers want much bigger sites than indicated last yearBy Laila Kearney May 27 (Reuters) - PG&E PCG.N, California's largest electric utility, has seen a jump of more than...Reuters
Tue, May 27
CBOT wheat futures fall on beneficial rains in growing regions
CHICAGO, May 27 (Reuters) - Chicago Board of Trade wheat futures dipped on Tuesday as rain in multiple growing areas improved moisture for the crop, reinforcing expectations of a well-supplied market, according to analysts.CBOT July soft red winter wheat WN25 settled down 14 cents at $5.28-1/2 a bus...Reuters
Tue, May 27
