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LIVESTOCK-CME cattle futures hover near highs as cash prices jump
By Tom Polansek CHICAGO, May 1 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures hovered near recent contract highs on Thursday as traders said cash prices galloped to new highs.Tight U.S. supplies continue to drive up cash prices as meatpackers compete to buy cattle t...Reuters
Thu, May 1
US Plains HRW Wheat-Basis bids unchanged as buyers roll bids
CHICAGO, May 1 (Reuters) - Spot hard red winter wheat basis bids were steady in the U.S. Plains on Thursday as trade remained quiet and many buyers rolled their basis bids to the July contract KWN25 ahead of the May contract's expiration date. Traders assessed weather conditions for winter wheat...Reuters
Thu, May 1
EOG Resources beats first-quarter profit estimates on higher natural gas prices
May 1(Reuters) - EOG Resources EOG.N beat estimates for first-quarter profit on Thursday, as the company benefited from higher natural gas prices. The company reported an adjusted profit of $2.87 per share for the quarter ended March 31, compared with analysts' average estimate of $2.79, accordi...Reuters
Thu, May 1
Oil up 2% as Trump threatens new sanctions on Iran
Trump says all Iranian oil purchases must stopSaudi willing to sustain lower prices for longerUS economy contracts in Q1 amid trade policy disruptionsBy Arathy Somasekhar HOUSTON, May 1 (Reuters) - Oil prices settled nearly 2% higher on Thursday after U.S. President Donald Trump threatened second...Reuters
Thu, May 1
GRAINS-Soybean futures end up in recovery from two-week low
By Tom Polansek CHICAGO, May 1 (Reuters) - Chicago Board of Trade soybean futures ended higher on Thursday as prices rebounded after sliding to a two-week low amid worries about U.S. export demand, analysts said.Corn futures eased, while wheat ended nearly unchanged.Technical buying helped soybea...Reuters
Thu, May 1
US imposes sanctions on Mexican fuel theft network it links to CJNG cartel
By Timothy Gardner WASHINGTON, May 1 (Reuters) - The U.S. Treasury Department on Thursday imposed sanctions on two entities and three Mexican nationals it said are involved in a drug trafficking and oil smuggling network linked to the Cartel Jalisco Nueva Generacion gang.U.S. authorities say CJNG...Reuters
Thu, May 1
Last Chevron-chartered vessel starts to return oil cargo in Venezuela, data and source say
HOUSTON, May 1 (Reuters) - A vessel chartered by Chevron CVX.N carrying some 300,000 barrels of Venezuelan oil was set to start discharging at a Venezuelan port on Thursday, according to shipping data and a source.It would be the last tanker to return its cargo following state company PDVSA's or...Reuters
Thu, May 1
Senior Ukrainian official: Parliament to ratify minerals deals with US in few weeks
KYIV, May 1 (Reuters) - Ukraine's parliament will ratify within the next few weeks a deal with the United States on developing minerals, First Deputy Prime Minister Yulia Svyrydenko said on Thursday."We want to ratify it as soon as possible. So we plan to do it within the coming weeks," ...Reuters
Thu, May 1
US EIA releases natgas storage report after software glitch
May 1 (Reuters) - The U.S. Energy Information Administration, which has seen numerous layoffs and retirements in recent months, said on Thursday it delayed the release of the natural gas weekly storage report due to a software problem.The EIA released the report, which usually comes out at 10:30 a.m...Reuters
Thu, May 1
CBOT soybeans end higher in turnaround from earlier losses
CHICAGO, May 1 (Reuters) - Chicago Board of Trade soybean futures closed higher on Thursday as the market rebounded from a two-week low.Technical buying helped to support the gains, brokers said.CBOT July soybeans SN25 closed up 5-3/4 cents at $10.50-1/4 per bushel after falling earlier to a two-wee...Reuters
Thu, May 1
CBOT wheat ends nearly flat after recently setting contract lows
May 1 - Chicago Board of Trade wheat futures ended nearly flat on Thursday after recently setting contract lows.Traders assessed weather conditions for winter wheat crops, which will be harvested in the coming months, and for plantings of spring wheat.Recent rain has boosted soil moisture in the sou...Reuters
Thu, May 1
US natgas prices jump 5% to 2-week high on output drop, despite big storage build
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about even with five-year averageBy Scott DiSavino May 1 (Reuters) - U.S. natural gas futures jumped about 5% to a two-week high on Thursday on a drop in output over the past few days and forecasts ...Reuters
Thu, May 1
Trump says buying Iranian oil must stop, threatens secondary sanctions on purchasers
By Timothy Gardner May 1 (Reuters) - U.S. President Donald Trump said all purchases of Iranian oil or petrochemical products must stop and any country or person buying any from the country would be immediately subject to secondary sanctions."They will not be allowed to do business with the Un...Reuters
Thu, May 1
CBOT corn eases amid expectations for better US weather
CHICAGO, May 1 (Reuters) - Chicago Board of Trade corn futures ended lower on Thursday as forecasts for favorable U.S. planting conditions weighed on the market, analysts said.The weather is expected to turn clearer and drier next week after rains stalled plantings in parts of the Midwest this week,...Reuters
Thu, May 1
ANALYSIS-US, Ukraine may wait decade or more to see revenue from minerals deal
Minerals deal between US, Ukraine won't bear fruit for yearsThreats posed by war with Russia will deter many investorsChallenges also include poor data, damaged power infrastructureRussia occupies territory where several deposits are locatedUkraine sees deal as a way of improving relations with ...Reuters
Thu, May 1
EXCLUSIVE-US pushes Congo, Rwanda for peace accord and billion-dollar mineral deals
U.S. pushes Congo, Rwanda for peace accord, mineral dealsRwanda-backed M23 rebels advance in Congo amid conflictU.S. demands Rwanda withdraw troops, end M23 supportBy Andrew Mills DOHA, May 1 (Reuters) - The U.S. is pushing Congo and Rwanda to sign a peace accord at the White House in about two m...Reuters
Thu, May 1
Trump says buying Iranian oil must stop, threatens secondary sanctions on purchasers
May 1 (Reuters) - U.S. President Donald Trump on Thursday said all purchases of Iranian oil or petrochemicals products must stop and that any country or person buying any from the country would be immediately subject to secondary sanctions."They will not be allowed to do business with the United...Reuters
Thu, May 1
Last Chevron-chartered vessel starts to return oil cargo in Venezuela, data and source say
HOUSTON, May 1 (Reuters) - A vessel chartered by Chevron CVX.N carrying some 300,000 barrels of Venezuelan oil was set to start discharging its cargo at a Venezuelan port on Thursday, according to shipping data and a source, the last tanker to empty following state company PDVSA's order to retur...Reuters
Thu, May 1
US equals monthly LNG export record in April
US equals record LNG exports in AprilMost sold to EuropeUS-China trade war impacts LNG flows By Curtis Williams HOUSTON, May 1 (Reuters) - The United States in April equaled its record for the largest volume of liquefied natural gas exported as capacity increased with the ramp-up of Venture Globa...Reuters
Thu, May 1
DTE Energy's quarterly profit rises on strength of gas and energy trading
By Katha KaliaMay 1 (Reuters) - DTE Energy DTE.N reported increased first-quarter profit on Thursday, aided by strength in its gas and energy trading segments, and added it anticipates the tariff impact to be manageable.The power industry is bracing for the potential fallout from tariffs as the tra...Reuters
Thu, May 1
EXCLUSIVE-US pushing Congo-Rwanda peace accord accompanied by bilateral minerals deals
DOHA, May 1 (Reuters) - The U.S. is pushing Congo and Rwanda to sign a peace accord at the White House in about two months, accompanied by bilateral minerals deals with both countries, President Donald Trump's senior Africa advisor, Massad Boulos, told Reuters on Thursday.A U.S.-backed peace acc...Reuters
Thu, May 1
LVMH's Moet Hennessy to cut workforce by 10%, FT reports
May 1 (Reuters) - LVMH LVMH.PA group's wine and spirits business Moet Hennessy will shrink its workforce by more than 10%, about 1,200 employees, the Financial Times reported on Thursday, citing an internal video message from the division's CEO, Jean-Jacques Guiony. Guiony and his deputy, A...Reuters
Thu, May 1
Li-Cycle seeking buyers amid ongoing liquidity concerns
May 1 (Reuters) - Canadian lithium battery recycling company Li-Cycle LICYN.MX said on Thursday it is seeking buyers for its business or assets as it needs additional funding to maintain operations. The company has hired financial services company Hilco Corporate Finance to help with the process, bu...Reuters
Thu, May 1
US Ex-Im Bank votes to reverse ban on overseas coal lending
By Valerie VolcoviciWASHINGTON, May 1 (Reuters) - The board of the U.S. Export-Import Bank unanimously voted on Thursday to reverse a years-long restriction on lending to coal projects overseas, reflecting President Donald Trump's agenda that calls for more domestic coal mining and exports of U....Reuters
Thu, May 1