News
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US Cash Grains-Spot basis for corn, soybeans flat to higher
CHICAGO, May 16 (Reuters) - Spot basis bids for corn and soybeans were mostly steady to higher at U.S. Midwest processors and elevators on Friday as some locations provided selling incentives to farmers busy with planting, according to dealers. The corn basis improved by 5 cents in Linden, Indiana. ...Reuters
Fri, May 16
GRAINS-Wheat stumbles on improved harvest prospects; soy steadies
Wheat ticks lower on good yield prospectsCorn down on ideal planting, growing conditionsSoy consolidates after previous session's tumbleBy Heather Schlitz CHICAGO, May 16 (Reuters) - Chicago wheat futures moved lower on Friday as traders weighed improved yield prospects in the U.S. Plains, th...Reuters
Fri, May 16
North Sea Crude-WTI trades higher
LONDON, May 16 (Reuters) - U.S. WTI Midland crude traded higher on Friday, while North Sea grades were steady. PLATTS WINDOW* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).* There was a single deal on Friday....Reuters
Fri, May 16
METALS-Demand concerns push copper prices lower
By Polina Devitt LONDON, May 16 (Reuters) - Copper prices fell for the second session on Friday as softer demand from price-sensitive consumers such as China pushed the growth-dependent metal down from its recent highs sparked by the 90-day U.S.-China trade truce.Benchmark three-month copper CMCU...Reuters
Fri, May 16
Europe Gasoline/Naphtha-Gasoline margins edge higher in busy trading
LONDON, May 16 (Reuters) - Northwest European gasoline profit margins rose slightly on Friday to $14.54 a barrel on brisk trading activity and lower regional inventories. A total of 16,500 metric tons of Eurobob E5 barges traded in the Argus window on Friday, an increase of more than twofold on the ...Reuters
Fri, May 16
Gold retreats below $3,200 as safe-haven demand fades, down over $300 from record high
Gold (XAU/USD) continues to decline on Friday, falling toward $3,180 and marking a sharp weekly loss of over 4%, its biggest since November 2024. The precious metal has now shed over $300 from its record high of $3,500 set in April, as safe-haven demand weakens and technical selling accelerates.
Fxstreet
Fri, May 16
Venezuela's PDVSA begins exporting crude grade previously shipped by Chevron, data says
May 16 (Reuters) - Venezuela's state-run PDVSA has begun exporting a heavy crude grade that had been shipped by Chevron CVX.N since 2022, maritime data showed, following the cancellation of cargoes to the U.S. producer last month amid payment uncertainty.Reuters
Fri, May 16
EU readying new sanctions to increase pressure on Russia, von der Leyen says
Leaders from across Europe meet in TiranaEU threatens Russia with more sanctions over UkraineZelenskiy says his priority is obtaining unconditional ceasefire By Andrew Gray and Fatos Bytyci TIRANA, May 16 (Reuters) - The European Union is working on a new package of sanctions to increase pressure...Reuters
Fri, May 16
US freight industry hopes for back-to-school demand boost after tariff truce
Analysts predict spike in orders during back-to-school seasonHigher imports to benefit carriers and railroads Freight influx could hit U.S. West Coast ports by June-end By Abhinav Parmar May 16 (Reuters) - A 90-day trade thaw between Washington and Beijing could prove to be a welcome reprieve for...Reuters
Fri, May 16
Vibra Foods linked to first Brazil case of bird flu on commercial farm, sources say
SAO PAULO, May 16 (Reuters) - Brazil's first bird flu outbreak on a commercial farm has been found on a supplier linked to privately owned chicken processor Vibra Foods, according to two sources briefed on the matter speaking on condition of anonymity on Friday. The company did not have an immed...Reuters
Fri, May 16
France's CMA CGM to redeploy fleet to avoid U.S. port fees on Chinese vessels
By Gus Trompiz PARIS, May 16 (Reuters) - French shipping group CMA CGM will reorganise its global fleet to avoid U.S. port fees on Chinese-built vessels that are due to take effect from October, the company's finance director said.The port charges are another operational headache for shipping...Reuters
Fri, May 16
Israel attacks Yemeni ports, Houth-run television says
ADEN, May 16 (Reuters) - Israel attacked Yemen's ports of Hodeidah and Salif along the country's Red Sea coast on Friday, the Houthi-run Al Masirah TV said, in an apparent response to the militant group's missile launches against Israel.Al Masirah did not provide further details, but two...Reuters
Fri, May 16
Euronext wheat rebound stalls as export worries linger
PARIS, May 16 (Reuters) - Euronext wheat edged down on Friday as a rebound from contract lows stalled with pressure from a fall in Chicago and lingering concerns about lagging export demand.September milling wheat BL2U5 was down 0.7% at 204.50 euros a metric ton by 1455 GMT. It earlier rose to a one...Reuters
Fri, May 16
Gold players keep faith despite trade truce-induced correction
Spot gold heads for worst week since NovemberGold likely to rise than to fall from here - analystGold hit all-time high of $3,500.05/oz last monthBy Brijesh Patel May 16 (Reuters) - Gold prices have fallen almost 10% from a record high just above $3,500 per ounce in April as a de-escalation in U....Reuters
Fri, May 16
EXPLAINER-What is bird flu, and why is Brazil's first case on a commercial farm concerning?
By Oliver Griffin SAO PAULO, May 16 (Reuters) - Brazil, the world's largest chicken exporter, on Friday reported its first case of highly pathogenic avian influenza - also known as bird flu - on a commercial farm, triggering fears over global poultry supply chains. The disease has spread arou...Reuters
Fri, May 16
World Bank approves $350 million grant for Malawi hydropower project
BLANTYRE, May 16 (Reuters) - The World Bank's board of directors has approved a $350 million grant to support a large hydropower storage project in Malawi that will significantly increase the Southern African country's generation capacity.The World Bank said in a statement late on Thursday t...Reuters
Fri, May 16
U.S. nuclear power plant outages
May 16 (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
Fri, May 16
CBOT Trends-Wheat down 1-2 cents, corn mixed, soybeans down 1-4
CHICAGO, May 16 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday.NOTE: CBOT soybean, soyoil and soymeal futures are trading with expanded daily limits on Friday after CBOT soyoil fu...Reuters
Fri, May 16
US natgas prices ease to 2-week low on lower demand and 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 16 (Reuters) - U.S. natural gas futures eased about 1% to a two-week low on Friday on a lower drop in output than previously expected, declines in...Reuters
Fri, May 16
UAE to up value of US energy investments to $440 billion by 2035
UAE says value of energy investments in US to rise five-foldUS firms to invest $60 billion in UAE energy projectsTrump says there is progress on UAE's $1.4 trillion pledgeBy Yousef Saba DUBAI, May 16 (Reuters) - The United Arab Emirates plans to raise its energy investments in the United Stat...Reuters
Fri, May 16
