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US farm agency restores some climate-related webpages after farmer lawsuit
By Leah Douglas WASHINGTON, May 13 (Reuters) - The U.S. Department of Agriculture restored on Tuesday some climate change-related webpages that the agency had deleted since President Donald Trump's inauguration, after being sued by farm and environmental groups, one of the groups said. The Tr...Reuters
Tue, May 13
China pulp market could be challenging in face of US tariffs, Copec says
Pulp prices hit by US tariff uncertainties, Copec saysChinese customers waiting for lowest prices, adds executiveEuropean market following similar patternCopec is building a $4.6 bln pulp project in BrazilBy Sarah Morland May 13 (Reuters) - Chilean industrial conglomerate Empresas Copec COPEC.SN ...Reuters
Tue, May 13
GRAINS-Soybeans higher on bullish USDA report, US-China trade truce
Soy choppy amid profit-taking, bullish USDA reportsCorn sinks to five-month low on technical tradingWheat bounces after hitting contract lowsBy Heather Schlitz CHICAGO, May 13 (Reuters) - Chicago soybean futures settled higher on Tuesday on strength from a temporary truce in the U.S.-China trade ...Reuters
Tue, May 13
Crude oil climbs more than $1.60 a barrel on tariff cuts, economic outlook
Markets bullish on US-China tariff relief Increasing OPEC+ supply could weigh on prices Lower US inflation seen as positive for demandBy Erwin Seba HOUSTON, May 13 (Reuters) - Crude oil futures climbed more than $1.60 a barrel on Tuesday, lifted by a temporary cut in U.S.-China tariffs and a bett...Reuters
Tue, May 13
ICE canola futures join vegoils rally
WINNIPEG, Manitoba, May 13 (Reuters) - ICE canola futures tagged along with other vegoils on Tuesday, rising more than 2.6%.• July canola RSN5 settled up $18.70 at $729.30 per metric ton. November RSX5 rose $13 to $689.80.• Traders said Canadian canola is still undervalued compared to other vegoils,...Reuters
Tue, May 13
US natgas prices steady as lower output offsets lower demand
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 13 (Reuters) - U.S. natural gas futures held steady on Tuesday as a drop in output in recent weeks offset forecasts for lower demand over the next...Reuters
Tue, May 13
CBOT wheat hits contract lows before recovering
May 13 (Reuters) - Chicago Board of Trade wheat futures sank to contract lows on Tuesday as a higher-than-expected forecast of U.S. stocks and a sharp improvement in U.S. crop conditions added to supply pressure, though futures recovered later in the session on short covering.All soft red wheat cont...Reuters
Tue, May 13
Carney unveils cabinet aimed at urgently resetting US-Canada ties
Finance minister, US trade minister stay in placeCarney plans tax cuts, internal trade barrier removal by July 1Teamsters union concerned over labor minister position changeBy Promit Mukherjee and David Ljunggren OTTAWA, May 13 (Reuters) - Canadian Prime Minister Mark Carney, who won an election ...Reuters
Tue, May 13
CBOT soybeans choppy amid profit-taking, US-China trade optimism
CHICAGO, May 13 (Reuters) - Chicago Board of Trade soybean futures chopped up and down in price on Tuesday, supported by a temporary truce in the U.S.-China trade war and a bullish U.S. Department of Agriculture report but pressured by profit-taking.The U.S.-China trade deal has buoyed the soybean m...Reuters
Tue, May 13
CBOT corn futures hit 5-month low on technical selling
CHICAGO, May 13 (Reuters) - Chicago Board of Trade corn futures fell to a five-month low on Tuesday as technical selling and ideal planting weather in the U.S. Corn Belt pressured prices.U.S. farmers had planted 62% of the nation's corn crop by Sunday, higher than the average of analyst expectat...Reuters
Tue, May 13
Venezuela tops up heavy naphtha stocks ahead of license expirations, documents say
Extra supply set to double oil imports to 165,000 bpd this monthPDVSA only delivering oil to customers that prepay cargoes or fully exchange their value for diluentKey agreement with M&P, Vitol has expanded exchanges May 13 (Reuters) - Venezuela's PDVSA has ramped up imports of heavy nap...Reuters
Tue, May 13
Mexico to tighten cattle flows from south, rules out shutting border over screwworm
MEXICO CITY, May 13 (Reuters) - Mexico will tighten the flow of cattle from the south of the country to limit the potential spread of the screwworm, the nation's agriculture minister said on Tuesday.The screwworm, which can kill cattle or other hosts within weeks, has recently been detected in t...Reuters
Tue, May 13
Hunt Refining's Alabama refinery operating at reduced rates after fire
NEW YORK, May 13 (Reuters) - Hunt Refining Company is operating its 50,000 barrel-per-day refinery in Tuscaloosa, Alabama at reduced rates following a fire last week, the privately-owned company said in a statement.A fire broke out at the refinery's coker unit on May 7 as it suffered an external...Reuters
Tue, May 13
PRECIOUS-Gold rebounds on bargain-hunting, softer US inflation data
US consumer price index increased 0.2% last monthMarkets expect Fed to resume policy easing in SeptemberUS and China on Monday agreed to pause trade warBy Sarah Qureshi May 13 (Reuters) - Gold prices rose on Tuesday on bargain-hunting after a sharp loss in the previous day, while softer-than-expe...Reuters
Tue, May 13
US Cash Grains-Spot corn basis mostly steady to higher in Midwest
CHICAGO, May 13 (Reuters) - Spot basis bids for corn were mostly steady to higher at U.S. Midwest processors, elevators and and river terminals on Tuesday, with dealers trying to entice farmers busy with planting to sell the grain. The corn basis rose by 6 cents at a processor in Decatur, Illinois, ...Reuters
Tue, May 13
UK trade remedies body recommends country-specific quota caps on steel imports
LONDON, May 13 (Reuters) - Britain's Trade Remedies Authority (TRA) recommended on Tuesday that country-specific quota caps should be imposed on certain categories of steel imports to help defend its domestic industry, which said the proposals were insufficient.Britain has been trying to protect...Reuters
Tue, May 13
Euronext wheat steadies after latest lows with export demand in focus
PARIS, May 13 (Reuters) - Euronext wheat ended little changed on Tuesday, recovering from earlier contract lows in step with Chicago futures as traders watched to see if the recent price slide would stir more demand from importers.September milling wheat BL2U5, the most active position on Paris-base...Reuters
Tue, May 13
US farm agency staff warn Congress of food safety risks, political interference
Budget cuts and staff losses have weakened USDA, staff sayOne research agency has lost nearly 60% of food safety scientistsMore than 15,000 employees have left USDA since JanuaryBy Leah Douglas WASHINGTON, May 13 (Reuters) - Unions representing staff in the U.S. Department of Agriculture's re...Reuters
Tue, May 13
Gold price rebounds on cool US CPI reading but remains trapped on risk-on mood
Gold prices traded with a positive tone on Tuesday, following Monday’s drop of over 2.70%, exchanged hands at around $3,250, up by 0.42%. A softer-than-expected US inflation report and the trade truce between China and the US may keep Gold prices capped beneath the $3,300 figure.
Fxstreet
Tue, May 13
