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US will fast-track Utah uranium mine permit
May 12 (Reuters) - The U.S. Interior Department said on Monday it will fast-track environmental permitting for Anfield Energy's AEC.V proposed Velvet-Wood uranium mine project in Utah to boost President Donald Trump's efforts to ramp up domestic energy production.As a result, the project'...Reuters
Mon, May 12
Oil prices settle up at 2-week high as US, China ease tariffs
U.S. and China agree to 90-day pause on tariffsSaudi Aramco expects oil demand to remain resilient this yearIraq oil exports on track to decline in May and JuneBy Scott DiSavino NEW YORK, May 12 (Reuters) - Oil prices rose about 1.5% to settle at a two-week high on Monday, after the U.S. and Chin...Reuters
Mon, May 12
ICE canola futures mixed despite soyoil surge
WINNIPEG, Manitoba, May 12 (Reuters) - ICE canola futures were slightly weaker for old-crop months and modestly higher for new-crop months on Monday, despite excitement in the Chicago grains complex and exuberance in equity markets.• The news of a U.S.-China trade war ceasefire spurred a relief rall...Reuters
Mon, May 12
CBOT soybeans soar following trade war pause
CHICAGO, May 12 (Reuters) - Chicago Board of Trade soybean futures notched a three-month high on Monday as a truce in the U.S.-China trade war and a bullish U.S. Department of Agriculture report helped prices recover to pre-trade war levels, traders and analysts said.The U.S. and China agreed on Mon...Reuters
Mon, May 12
Staff exodus at US farm agency leaves fewer experts to battle bird flu
Animal disease unit of USDA has lost 16% of staffStaffing losses come as agency battles bird flu, screwwormState veterinarians warn of fewer resources to respond to threats By Leah Douglas and Tom Polansek May 12 (Reuters) - Hundreds of veterinarians, support staff and lab workers at the animal h...Reuters
Mon, May 12
Cattle futures surge over US halt to Mexican cattle imports
By Kylie Madry and Heather Schlitz MEXICO CITY/CHICAGO, May 12 (Reuters) - U.S. cattle futures soared to record highs on Monday after Washington suspended cattle imports from Mexico over a flesh-eating parasite, which Mexican President Claudia Sheinbaum denounced as unfair. New World sc...Reuters
Mon, May 12
CBOT corn futures mixed after USDA report, tariff pause
CHICAGO, May 12 (Reuters) - Chicago Board of Trade corn futures were mixed on Monday after a pause in the U.S.-China trade standoff and a bullish U.S. Department of Agriculture report supported prices, though expectations of a large U.S. corn crop capped gains.U.S. farmers are planting more corn and...Reuters
Mon, May 12
US natgas prices drop 4% on rising output, 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 12 (Reuters) - U.S. natural gas futures fell about 4% on Monday on a rise in output in recent days coupled with a decline in gas flows to liquefie...Reuters
Mon, May 12
US Cash Grains-Spot corn basis steady to lower, soybean basis unchanged
CHICAGO, May 12 (Reuters) - Spot basis bids for corn were steady to lower at U.S. Midwest processors and river terminals on Monday, while basis bids for soybeans were unchanged in a spot check of locations. The corn basis fell by 5 cents a bushel at a processor in Cedar Rapids, Iowa, and by 3 cents ...Reuters
Mon, May 12
Equinor says it could cancel New York offshore wind project over Trump order
May 12 (Reuters) - The developer of a major U.S. offshore wind project warned that it will cancel the Empire Wind facility off the coast of New York if it cannot reach a resolution over a stop-work order issued by the Trump administration in the coming days.Molly Morris, president of the U.S. renewa...Reuters
Mon, May 12
INSTANT VIEW-USDA sees larger US corn stockpiles in 2025/26
CHICAGO, May 12 (Reuters) - U.S. corn supplies are expected to rise in the coming year, although not as much as most analysts expected, while soybean supplies should tighten, the U.S. Department of Agriculture said on Monday. Highlights:* USDA...Reuters
Mon, May 12
GRAINS-Soybeans hit 3-month high on US-China trade deal, USDA report
Soybeans rise, corn mixed on USDA report and U.S.-China trade dealWheat hits contract lows on good U.S. harvest prospectsBy Heather Schlitz CHICAGO, May 12 (Reuters) - Chicago soybean futures notched a three-month high on Monday as a truce in the U.S.-China trade war and a bullish U.S. Department...Reuters
Mon, May 12
Pakistan finance minister: conflict with India won't have large fiscal impact
Pakistan-India clash had minimal fiscal impact, can be accommodated within current fiscal space-finance minister No need for new economic assessment-finmin$1 bln disbursement under the IMF's $7 bln bailout agreement to land tomorrowBudget talks with IMF scheduled from May 14-23-Aurangzeb confirm...Reuters
Mon, May 12
PRECIOUS-Gold falls 3% as US and China strike tariff deal
US CPI due on Tuesday Dollar, global shares soar after China-US trucePalladium down over 3% By Sarah Qureshi and Ashitha Shivaprasad May 12 (Reuters) - Safe-haven gold fell 3% on Monday as risk sentiment crept in following the announcement of a temporary deal between the United States and China ...Reuters
Mon, May 12
After leaders request, European Commission working on tougher Russia sanctions, France says
By John IrishPARIS, May 12 (Reuters) - France said on Monday that leaders at a meeting on Ukraine this weekend had asked the European Commission to put together new "massive" sanctions targeting Russia's oil and financial sector if Russia failed to agree a ceasefire.The EU is already wor...Reuters
Mon, May 12
Gold price plunges over $100 as US-China deal fuels USD rally
Gold prices tumbled over 3% on Monday, following improvements in risk appetite after weekend discussions between the US and China, which agreed to a 90-day tariff reduction. At the time of writing, the XAU/USD trades at $3,225, having hit a daily high of $3,326.
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Mon, May 12
Mexico expects early review of USMCA trade pact
By Aida Pelaez-FernandezMEXICO CITY, May 12 (Reuters) - Mexico expects a planned review of the trilateral trade pact with the U.S. and Canada to kick off ahead of schedule, the nation's economy minister said on Monday.The review of the USMCA trade agreement is set to begin in 2026, but Mexican E...Reuters
Mon, May 12
Pakistan finance minister: conflict with India won't have large fiscal impact
By Ariba Shahid and Charlotte GreenfieldKARACHI/ISLAMABAD, May 12 (Reuters) - The recent military escalation with arch-rival India won't have a large fiscal impact on Pakistan and can be managed within the current fiscal space, with no need for a new economic assessment, Pakistan's Finance M...Reuters
Mon, May 12
Hong Kong's CK Hutchison assures legal compliance in ports deal
May 12 (Reuters) - Hong Kong's CK Hutchison 0001.HK said on Monday that its closely monitored ports deal would strictly adhere to all required compliance standards and would never be executed illegally."This transaction would never be carried out under any illegal or non-compliant circumstan...Reuters
Mon, May 12
Brazil's Lula courts trade ties in Beijing as China spars with Trump
Lula cheers $4.5 billion in upcoming Chinese investmentsBrazil seeks investments in rail, farm export infrastructureUS tariffs on China remain elevated even after Monday dealBy Lisandra Paraguassu and Eduardo Baptista BRASILIA, May 12 (Reuters) - Brazilian officials on Monday touted President...Reuters
Mon, May 12
