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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
Mali hearing on Barrick's Loulo-Gounkoto mines postponed to June 2
BAMAKO, May 22 (Reuters) - A Malian court has postponed for the second time a hearing on whether to place Barrick Mining's ABX.TO Loulo-Gounkoto gold mine under provisional administration to restart operations, the presiding judge said on Thursday.The state had requested the adjournment until Ju...Reuters
Thu, May 22
Europe Gasoline/Naphtha-Gasoline profit margins rise on lower stocks
LONDON, May 22 (Reuters) - Northwest European gasoline profit margins jumped by nearly $1 to $15.84 a barrel on Thursday as regional inventories fell to a near-seven month low.A total of 17,400 metric tons of Eurobob E5 barges traded in the Argus window with ExxonMobil, Gunvor, Trafigura and Shell s...Reuters
Thu, May 22
Chevron's oil license in Venezuela to expire May 27, Rubio says
Rubio post on X contradicts special envoy's statementSpecial envoy Grenell had said license would be extendedChevron shipped some 240,000 bpd of Venezuelan oil to US through March WASHINGTON, May 22 (Reuters) - Oil producer Chevron's CVX.N U.S. license to operate in Venezuela will expire ...Reuters
Thu, May 22
EXCLUSIVE-US farm agency cancels food aid for children in poor countries
USDA cancels 17 foreign aid projects serving school mealsCuts align with Trump's foreign aid objectives, USDA spokesperson saysCatholic Relief Services warns of increased hunger and migration to the US due to aid cuts By Leah Douglas WASHINGTON, May 22 (Reuters) - The U.S. Department of Agric...Reuters
Thu, May 22
US sees promise in American firms helping oil, gas development in Iraqi Kurdistan
By Timothy Gardner WASHINGTON, May 22 (Reuters) - There is ample opportunity for U.S. cooperation on oil and gas development in Iraqi Kurdistan, U.S. Energy Secretary Chris Wright said on Thursday, despite Iraq's federal government disputing deals that U.S. companies signed with the region th...Reuters
Thu, May 22
U.S. nuclear power plant outages
May 22 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Total ...Reuters
Thu, May 22
G7 ministers to address imbalances, discussed $50/barrel Russian oil price cap-EU's Dombrovskis
BANFF, Alberta, May 22 (Reuters) - Group of Seven finance leaders agreed to address global economic imbalances and advanced plans for stronger Russian sanctions in support of Ukraine, including potentially lowering the G7 price cap on Russian crude oil exports to $50 a barrel, European Union Executi...Reuters
Thu, May 22
METALS-Copper touches three-week low as economic uncertainty lingers
By Ashitha Shivaprasad May 22 (Reuters) - Copper prices hit a three-week low on Thursday and other base metals also eased as uncertainty persists over economic conditions and demand growth.Benchmark copper CMCU3 on the London Metal Exchange (LME) was down 0.4% at $9,498 a metric ton by 1600 GMT. ...Reuters
Thu, May 22
US sees promise in American firms helping oil, gas development in Iraqi Kurdistan
WASHINGTON, May 22 (Reuters) - There is ample opportunity for U.S. cooperation on oil and gas development in Iraqi Kurdistan, U.S. Energy Secretary Chris Wright said on Thursday, despite Iraq's federal government disputing deals U.S. companies signed with the region this week. "I see great o...Reuters
Thu, May 22
US Cash Grains-Corn, soybean basis bids mostly steady-higher at Midwest elevators
CHICAGO, May 22 (Reuters) - Spot corn and soybean basis bids were mostly steady to higher on Thursday at U.S. Midwest interior elevators and river terminals and unchanged at processing plants, grain merchants said.Selling by farmers was minimal despite rising futures prices as cash values remained b...Reuters
Thu, May 22
US scientists forecast above normal 2025 hurricane season
HOUSTON, May 22 (Reuters) - U.S. government scientists said on Thursday they expect an above-normal hurricane season in 2025 producing three to five major hurricanes with sustained winds of at least 111 miles per hour (179 kph).The Atlantic hurricane season, which begins on June 1, is forecast to pr...Reuters
Thu, May 22
EU wheat eases after short-covering wave as export concerns linger
PARIS, May 22 (Reuters) - Euronext wheat fell on Thursday from a one-month high as a short-covering wave subsided and attention shifted back to favourable harvest prospects and stiff export competition.Benchmark September milling wheat BL2U5 on Paris-based Euronext was down 1.3% at 209.25 euros a me...Reuters
Thu, May 22
Italy fully supports EU efforts to stop Russian gas imports by 2027
ROME, May 22 (Reuters) - Italy fully supports European Union efforts to stop Russian gas imports into the bloc by 2027, the country's energy minister told reporters on Thursday, adding any decisions by Rome to boost LNG imports from the U.S. were up to private buyers.Italy last year imported a s...Reuters
Thu, May 22
Silver Price Forecast: Silver retreats from seven-week highs
Silver (XAG/USD) reverses sharply lower on Thursday after briefly testing $33.70, its highest level in seven weeks, showing signs of near-term fatigue after a strong upside breakout on Wednesday to trade around $32.95 during the American session.
Fxstreet
Thu, May 22
FACTBOX-What's in the Republican tax and spending plan?
By Andy Sullivan WASHINGTON, May 22 (Reuters) - The Republican-led House of Representatives has passed a sweeping budget package that would fulfill many of President Donald Trump's priorities. The Republican-led Senate next takes up the package, with significant changes likely.Here is a summa...Reuters
Thu, May 22
House budget bill effectively kills 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 WASHINGTON, May 22 (...Reuters
Thu, May 22
