News
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CBOT Trends-Wheat steady-down 1 cent, corn up 4-6, soybeans up 16-20
CHICAGO, May 12 (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 Monday.WHEAT - Steady to down 1 cent per bushel* CBOT wheat futures fell on weak export demand, according to analysts, and ...Reuters
Mon, May 12
COMMODITIES-Oil jumps, soy rises as US-China tariff pause brings relief
Crude oil futures rise more than 3%Soybean futures trading at highest in over three monthsSpot gold prices fall on drop in safe-haven demandBy Seher Dareen May 12 (Reuters) - Oil prices jumped more than 3% on Monday while soybeans traded at close to their highest in over three months after the Un...Reuters
Mon, May 12
Saudi Aramco Exec Says Despite Recent Market Volatility, Oil Market Fundamentals Remain Sound - Conf Call
May 12 (Reuters) - Saudi Arabian Oil Co 2222.SE:SAUDI ARAMCO EXEC SAYS DESPITE RECENT MARKET VOLATILITY, OIL MARKET FUNDAMENTALS REMAIN SOUND - EARNINGS CONFERENCE CALLSAUDI ARAMCO EXEC: CURRENTLY, IT IS PREMATURE TO ASSESS THE FULL IMPACT OF TRADE NEGOTIATIONS, AS THERE ARE MANY MOVING PARTSARAMCO ...Reuters
Mon, May 12
INSIGHT-Prospects of Saudi ties to Israel elusive as Trump seeks $1 trillion bonanza
Saudi-Israel normalization stalled due to Gaza conflictFocus of Trump visit to Riyadh is on investments, arms deals, and AI collaborationsVisit aims to counter China’s rising clout in regionBy Samia Nakhoul, Humeyra Pamuk and Alexander Cornwell WASHINGTON/DUBAI, May 11 (Reuters) - When U.S. Presi...Reuters
Mon, May 12
US customers should get Chinese rare earth permits more easily after trade truce, say sources
BEIJING, May 12 (Reuters) - Rare earth export permits for U.S. customers are likely to have an easier time getting approval from Beijing after Monday's trade war truce, however a complete removal of the restrictions is unlikely, according to two sources in the industry in China.Reuters
Mon, May 12
FACTBOX-Trump's tariffs and threatened trade actions
May 12 (Reuters) - The United States and China on Monday agreed to temporarily slash reciprocal tariffs as the world's two biggest economies look to end a damaging trade war, which has heightened fears of a recession and led to a U.S. economic contraction in the first quarter. The...Reuters
Mon, May 12
PRECIOUS-Gold slides 3% as US, China agree to slash reciprocal tariffs
Dollar rises more than 1% against its rivalsUS and China reach deal to slash tariffs, officials saySilver down more than 1%By Brijesh Patel May 12 (Reuters) - Gold dropped 3% to a more than one-week low on Monday after the United States and China said they had agreed to a deal to cut reciprocal t...Reuters
Mon, May 12
British bioethanol industry faces 'existential' threat after US trade deal, producers say
US-UK trade deal removed UK tariffs on US ethanolAB Foods, Ensus say operating environment now impossible Plants will have to close under current situation, they sayWould be "irresponsible" to sign new supplier contractsProducers call for urgent government actionBy James Davey LONDON, May...Reuters
Mon, May 12
RPT-Traders rebrand Venezuelan oil for China as Brazilian, sources and tanker trackers say
China registered some 67,000 bpd of mixed bitumen imports from Brazil since July worth $1.2 blnShippers tamper with the tankers' signal to make them look like departing from BrazilApart from shortening voyages, the practice helps secure bank financing By Chen Aizhu SINGAPORE, May 12 (Reuters)...Reuters
Mon, May 12
Iran is preparing for Russian President Vladimir Putin to visit, Tehran says
MOSCOW, May 12 (Reuters) - Iran is preparing for a visit by Russian President Vladimir Putin, Iran's government spokesperson Fatemeh Mohajerani was quoted by Russia's state RIA news agency as saying on Monday."Putin's trip to Tehran is currently being worked out, preparations are und...Reuters
Mon, May 12
RPT-COLUMN-Funds might be short CBOT corn heading into Monday's data dump: Braun
By Karen Braun NAPERVILLE, Illinois, May 11 (Reuters) - When it comes to Chicago corn futures, speculators typically hold on to heavily bullish corn bets for an extended period. Ditching them after just a few months is unusual.But investors might be bearish heading into Monday’s reports from the ...Reuters
Mon, May 12
US's Bessent: Imagine next US-China meeting in next few weeks
WASHINGTON, May 12 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Monday he believed U.S. and China negotiators will meet again in the coming weeks to discuss a more detailed trade agreement, but he was not clear on when another meeting might take place.In an interview with CNBC after ini...Reuters
Mon, May 12
GRAINS-Soybeans, corn up on US-China trade optimism; wheat flat
BEIJING/HAMBURG, May 12 (Reuters) - Chicago soybean and corn futures rose on Monday, supported by positive U.S.-China trade negotiations which raised the first sparks of hope for a resumption of U.S. exports to China.Wheat was little changed, supported by buying interest as it hovered around life-of...Reuters
Mon, May 12
US Nat Gas opens lower on storage surplus – ING
US natural gas prices fell early Thursday as rising inventories outweighed modest weather-driven demand expectations, with the supply surplus building faster than anticipated, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Mon, May 12
US Virgin Islands involved in US international ship registry proposal, governor says
LONDON, May 12 (Reuters) - The U.S. Virgin Islands (USVI) is involved in a proposal that aims to create a US international ship registry domiciled in the U.S. territory, the island's governor said.President Donald Trump's administration is considering the proposal as part of efforts to enlar...Reuters
Mon, May 12
Brazil seeks China trade boost amid Trump tariff chaos as Lula meets Xi
By Lisandra Paraguassu BRASILIA, May 12 (Reuters) - Brazil's President Luiz Inacio Lula da Silva heads to Beijing this week to meet his counterpart Xi Jinping, seeking to tighten relations between the two nations while leveraging U.S. President Donald Trump's unpredictable trade policies ...Reuters
Mon, May 12
China's foreign minister meets counterparts from Venezuela, Peru, Uruguay and Cuba
BEIJING, May 12 (Reuters) - China's foreign minister on Monday met with his counterparts from Venezuela, Peru, Uruguay and Cuba in Beijing, statements released by China's foreign ministry said.China is willing to work with countries in the Global South to safeguard multilateralism and free t...Reuters
Mon, May 12
