News
Important Only
US farm agency to allow Iowa, Indiana to bar junk food and soda from food aid
By Leah Douglas WASHINGTON, May 22 (Reuters) - U.S. Agriculture Secretary Brooke Rollins said on Thursday that she had signed waivers from Iowa and Indiana that would allow the states to bar the purchase of some processed foods and sugary drinks with Supplemental Nutrition Assistance Program bene...Reuters
Thu, May 22
Canada's Champagne says G7 ministers not 'skating around' tariff issue
BANFF, Alberta, May 22 (Reuters) - Canada's Finance Minister François-Philippe Champagne said on Thursday that the discussions on tariffs did come up during a G7 finance leaders' meeting, even though there was mention of them in the final communique that was published. "They are not skat...Reuters
Thu, May 22
US agency says geothermal energy in Nevada's Great Basin could play larger role
May 22 (Reuters) - Geothermal energy in the Great Basin of Nevada and adjoining states could produce electricity equivalent to 10% of the current U.S. power supply, the U.S. Geological Survey said on Thursday. The projected 10% would be a major increase, considering that geothermal energy currently...Reuters
Thu, May 22
US forecasts above-normal 2025 hurricane season amid concerns about NOAA cuts
NOAA staffing cuts won't affect hurricane forecasts, NWS saysCritics worry cuts may hinder storm monitoring in key regionsFEMA absent from hurricane forecast briefingBy Erwin Seba HOUSTON, May 22 (Reuters) - U.S. government scientists forecast an above-normal 2025 hurricane season on Thursday...Reuters
Thu, May 22
US supports Republican states' argument in BlackRock climate case
Texas, other states accuse asset managers of discouraging coal outputBlackRock, State Street and Vanguard have sought to have the case dismissedDOJ and FTC urge judge to reject several of the asset managers' argumentsBy Jody Godoy and Ross Kerber May 22 (Reuters) - U.S. federal antitrust enfo...Reuters
Thu, May 22
ICE canola futures flat despite soyoil losses
WINNIPEG, Manitoba, May 22 (Reuters) - ICE canola futures were little moved on Thursday despite a selloff in Chicago soyoil.• July canola RSN5 settled down 10 cents at $715.90 per metric ton. November RSX5 fell 20 cents to $685.80. • The canola market continues to be quiet, with no weather scares or...Reuters
Thu, May 22
GRAINS-Chicago wheat futures dip as short-covering rally fades
Corn futures mixed amid steadier US dollar and favorable crop conditionsSoybeans rise on technical trading despite negative biodiesel tax credit amendmentUS wheat total exports hit highest weekly total since December 2023By P.J. Huffstutter CHICAGO, May 22 (Reuters) - Chicago wheat futures fell o...Reuters
Thu, May 22
Oil prices settle down on potential further increase in OPEC+ output
OPEC in pursuit of market share, says Onyx analyst411,000 bpd increase likely, RBC Capital analyst saysU.S. crude inventories rise unexpectedly By Georgina McCartney HOUSTON, May 22 (Reuters) - Oil prices settled lower on Thursday as investors weighed a report that OPEC+ is discussing a productio...Reuters
Thu, May 22
Chicago wheat futures decline amid easing crop concerns
CHICAGO, May 22 (Reuters) - Chicago Board of Trade wheat futures fell on Thursday as a short-covering rally that took prices to a one-month peak petered out, with traders seeing limited threats to Northern Hemisphere crops despite adverse weather concerns, analysts said.CBOT July soft red winter whe...Reuters
Thu, May 22
US Steelworkers union urges Trump to block Nippon Steel's bid for U.S. Steel
WASHINGTON, May 22 (Reuters) - The United Steelworkers union urged U.S. President Donald Trump on Thursday to block Nippon Steel's 5401.T bid for U.S. Steel X.N despite a pledge by the Japanese steel giant to invest $14 billion in the iconic American company, as first reported by Reuters. In a s...Reuters
Thu, May 22
House budget bill effectively halts US clean energy boom
House budget bill speeds up expiry of clean energy tax credits, makes them harder to useBudget bill preserves tax credits for nuclear energyAttention turns to Senate to save key IRA tax credit measuresBill's passage sends clean energy stocks plummetingBy Valerie Volcovici and Nichola Groom WA...Reuters
Thu, May 22
US natgas prices fall 3% on big storage build, lower flows to LNG export plants
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 3% over five-year normalBy Scott DiSavino May 22 (Reuters) - U.S. natural gas futures fell about 3% on Thursday on a bigger-than-expected storage build, a smaller-than-expected decline in outp...Reuters
Thu, May 22
US Plains HRW Wheat-Basis bids mostly steady as futures hold near 3-1/2 week high
CHICAGO, May 22 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were mostly unchanged at elevators and mills around the southern U.S. Plains on Thursday as futures prices leveled after early-week gains and farmers' sales remained slow, merchants said.Rising futures prices have sparke...Reuters
Thu, May 22
CBOT soybeans firm on technical trading ahead of holiday weekend
CHICAGO, May 22 (Reuters) - Chicago Board of Trade soybean futures ended higher Thursday on technical trading, as market participants began to adjust their positions ahead of the Memorial Day holiday weekend, analysts said.CBOT July soybeans SN25 settled up 4-3/4 cents at $10.67-1/2 a bushel.CBOT Ju...Reuters
Thu, May 22
CBOT nearby corn contract ends higher on technical trading
CHICAGO, May 22 (Reuters) - Chicago Board of Trade's most-active July corn futures contract ended higher on Thursday on technical trading, while deferred contract months turned lower on a steadier U.S. dollar, weaker crude oil and generally favorable crop conditions, market analysts said.A stron...Reuters
Thu, May 22
US Steelworkers union urges Trump to block Nippon Steel's bid for U.S. Steel
WASHINGTON, May 22 (Reuters) - The United Steelworkers union urged U.S. President Donald Trump on Thursday to block Nippon Steel's 5401.T bid for U.S. Steel X.N despite a pledge by the Japanese steel giant to invest $14 billion in the iconic American company, as first reported by Reuters. In a s...Reuters
Thu, May 22
US 'not convinced' about lower G7 price cap on Russian oil, European official says
By Julia Payne BANFF, Alberta, May 22 (Reuters) - A European official said on Thursday that the United States is "not convinced" about lowering the Group of Seven nations (G7) price cap on Russian crude oil. The European Union has proposed revising the cap down to an indicative level of $...Reuters
Thu, May 22
GRAINS-Chicago wheat futures dip as short-covering rally fades
Corn futures mixed amid steadier U.S. dollar and favorable crop conditionsSoybeans rise on technical trading despite negative biodiesel tax credit amendmentU.S. wheat total exports hit highest weekly total since December 2023By P.J. Huffstutter CHICAGO, May 22 (Reuters) - Chicago wheat futures fe...Reuters
Thu, May 22
US 'not convinced' about lowering G7 oil price cap, European official says
BANFF, Alberta, May 22 (Reuters) - A European official said the United States was "not convinced" about lowering the Group of Seven nations (G7) price cap on Russian crude oil. The EU proposed revising the cap down to an indicative level of $50 a barrel from the current $60 a barrel. During ...Reuters
Thu, May 22
PRECIOUS-Gold falls on dollar uptick, profit taking
US House narrowly passes Trump's sweeping tax-cut billUS dollar up 0.3%US business activity improves in MayBy Sarah Qureshi May 22 (Reuters) - Gold swung to losses on Thursday as the U.S. dollar strengthened and investors booked profits after prices touched a two-week high earlier in the sess...Reuters
Thu, May 22
