News
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Head of biggest US power grid, PJM, to step down
By Laila Kearney April 14 (Reuters) - The CEO of the largest U.S. power grid, PJM Interconnection, has decided to leave his post at the end of the year, the organization said on Monday, amid rising electricity prices that have drawn public scrutiny. Manu Asthana, who has led the power mark...Reuters
Mon, Apr 14
CIF/FOB Gulf Grain-Soy basis barge bids steady, corn bids tick lower
CHICAGO, April 14 (Reuters) - Basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals were steady, while bids for corn ticked lower on Monday as river shipping woes create issues with movement of supplies to the export hub, traders said.* Forecasts for more rainfall in parts of the c...Reuters
Mon, Apr 14
ADM halting domestic trading in China, cutting jobs in Shanghai
By Ella Cao, Karl Plume and Ana Mano BEIJING/CHICAGO, April 14 (Reuters) - Global grain merchant Archer-Daniels-Midland ADM.N has begun shutting down domestic trading operations in China and laying off staff within its largest business segment as part of a global cost-cutting push, the company sa...Reuters
Mon, Apr 14
CANADA-CRUDE-Western Canada Select heavy crude discount returns to pre-Keystone spill narrowness
April 14 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 narrowed on Monday, returning to the extremely tight levels it was trading at prior to last week's shutdown of the Keystone pipeline. WCS for Ma...Reuters
Mon, Apr 14
US says most tomatoes imported from Mexico to face 21% duty from July 14
April 14 (Reuters) - The U.S. Commerce Department on Monday said most tomatoes imported from Mexico to the United States will face duties of 20.91% from July 14 as it withdraws from an agreement it said had failed to protect domestic tomato growers."This action will allow U.S. tomato growers to ...Reuters
Mon, Apr 14
Capital Power to expand in PJM power market with $2.2 billion deal
April 14 (Reuters) - Canadian power producer Capital Power Corp CPX.TO said on Monday it would buy two natural-gas fired power plant operators located in the PJM market for about $2.2 billion.The deal comes at a time when electricity prices are rapidly increasing in PJM, the United States' bigge...Reuters
Mon, Apr 14
US says most tomatoes imported from Mexico to face 21% duty from July 14
April 14 (Reuters) - The U.S. Commerce Department on Monday said most tomatoes imported from Mexico to the United States will face duties of 20.91% from July 14 as it withdraws from an agreement it said had failed to protect domestic tomato growers."This action will allow U.S. tomato growers to ...Reuters
Mon, Apr 14
US Cash Grains-Soy basis bids firm at river terminals, Midwest plantings begin
CHICAGO, April 14 (Reuters) - Spot basis bids for soybeans were flat to higher at Midwestern river terminals and grain elevators, spot checks showed on Monday.* Farmer selling is expected to be slow this week, keeping basis firm, as farmers take advantage of mostly dry weather to plant soy and corn ...Reuters
Mon, Apr 14
ADM halting domestic trading in China, cutting jobs in Shanghai
By Ella Cao and Karl Plume BEIJING/CHICAGO, April 14 (Reuters) - Global grain merchant Archer-Daniels-Midland ADM.N has begun shutting down domestic trading operations in China and laying off staff within its largest business segment as part of a global cost-cutting push, the company said in an e...Reuters
Mon, Apr 14
Trump administration cancels $3 billion climate-friendly farming program
By Leah Douglas WASHINGTON, April 14 (Reuters) - The U.S. Department of Agriculture on Monday said it had canceled a $3 billion program for climate-smart farming projects after a review found it did not align with the priorities of the Trump administration. President Donald Trump has attempted to...Reuters
Mon, Apr 14
Brazil Q1 cocoa grind falls 13% on slower demand, low local supplies
April 14 (Reuters) - Cocoa processing plants in Brazil, the world's fifth-largest chocolate market, processed 52,135 metric tons of the bean in the first quarter, 13% less than in the same period in 2024, due to slower demand and falling local supplies.Data from industry group AIPC released on M...Reuters
Mon, Apr 14
CBOT wheat ends lower on improving US weather forecasts
CHICAGO, April 14 (Reuters) - Chicago Board of Trade wheat futures fell on Monday, pressured by forecasts for improving weather in dry areas of the U.S. Plains production belt and spillover weakness as European wheat futures hit one-year lows, brokers said.CBOT May soft red winter wheat WK25 settled...Reuters
Mon, Apr 14
SOFTS-Robusta coffee rallies amid supply jitters, tariff exemptions
NEW YORK, April 14 (Reuters) - World robusta coffee prices rallied on Monday after U.S. exclusions on some tariffs allowed investors to turn their attention back to worries over falling supplies of the instant coffee ingredient.Data last week showed robusta exports from Brazil, the world's secon...Reuters
Mon, Apr 14
Exhausted government workers decide to take Trump's second buyout offer
Some federal workers say they will take new buyout offer due to exhaustionHave decided to leave government work despite economic uncertainty due to Trump's tariffsThree months of cost-cutting, chaos driven by Musk's DOGE have taken a toll, workers sayBy Tim Reid and Leah Douglas WASHINGTO...Reuters
Mon, Apr 14
CBOT soybeans end mixed as traders adjust spread positions
CHICAGO, April 14 (Reuters) - Chicago Board of Trade soybean futures closed mixed on Monday, with the nearby contracts ending lower on profit-taking while deferred, new-crop contracts firmed a bit.CBOT May soybeans SK25 settled down 1 cent at $10.41-3/4 per bushel, retreating after reaching $10.49-1...Reuters
Mon, Apr 14
CBOT corn ends down on profit-taking after six-week top
CHICAGO, April 14 (Reuters) - Chicago Board of Trade corn futures closed lower on Monday for the first time in seven sessions, retreating on profit-taking and technical selling after the benchmark May contract CK25 failed to match a six-week high set on Friday.CBOT May corn CK25 settled down 5-1/4 c...Reuters
Mon, Apr 14
FACTBOX-Trump's tariffs and threatened trade actions
April 14 (Reuters) - A global trade war, sparked by U.S. President Donald Trump, has intensified as he ramped up levies on China while reversing sweeping tariffs on most trading partners, stoking fears of a recession, sending jitters across global financial markets and drawing condemnation from lead...Reuters
Mon, Apr 14
ICE canola futures split between old and new crop contracts
WINNIPEG, Manitoba - April 14 (Reuters) - ICE canola futures contract months split Monday, with July weakening while November rose.• Most-traded July canola RSN5 settled down ten cents at $668.70 per metric ton, while November RSX5 rose $5.50 to $648.30.• The narrowing of the July-November spread is...Reuters
Mon, Apr 14
TABLE-Mexico's Pemex sets May Maya price for international buyers
April 14 - Mexican state oil company Pemex revised its May term pricing formulas for crude shipped to customers in the Americas, Europe and Asia, the company's trading arm said on Monday.The following table lists adjustments to price constants for Pemex's flagship Maya heavy crude oil, as we...Reuters
Mon, Apr 14
Oil rises marginally on tariff exemption, Chinese crude imports
China's crude oil imports rebounded in March, data showsOPEC downgrades its 2025 global oil demand growth forecastGoldman Sachs sees Brent averaging $63 for rest of 2025By Arathy Somasekhar HOUSTON, April 14 (Reuters) - Oil prices settled slightly higher on Monday on exemptions for some elect...Reuters
Mon, Apr 14
South Bow watching weather before proceeding with Keystone pipeline restart
By Amanda Stephenson April 14 (Reuters) - Pipeline operator South Bow SOBO.TO said Monday it is keeping an eye on inclement weather before proceeding with a planned controlled restart of its Keystone oil pipeline system. The Calgary, Canada-based company had previously indicated it was tar...Reuters
Mon, Apr 14
US natgas prices drop 6% to 9-week low on record output, lower demand
US LNG export feedgas on track to hit record high in AprilUS gas output on track to hit record high in AprilUS gas storage about 4% below five-year averageBy Scott DiSavino April 14 (Reuters) - U.S. natural gas futures fell about 6% to a nine-week low on Monday on record output over the weekend a...Reuters
Mon, Apr 14
US Plains HRW Wheat-Basis bids flat-up, traders keep eye on dry weather
CHICAGO, April 14 (Reuters) - Spot basis bids firmed for hard red winter (HRW) wheat in parts of Kansas on Monday, traders said, as dryness continued to threaten the crop.* Some areas of the Plains still lack adequate soil moisture for the normal development of winter grains, the U.S. Department of ...Reuters
Mon, Apr 14
GRAINS-US wheat futures sag on rain forecast; corn lower, soybeans mixed
By Julie Ingwersen CHICAGO, April 14 (Reuters) - U.S. wheat futures fell on Monday, pressured by forecasts for improving weather in dry areas of the Plains production belt and spillover weakness as European wheat futures hit one-year lows, brokers said. But a weaker dollar .DXY lent underlying...Reuters
Mon, Apr 14
Med crude-Urals diffs steady, Kazakh oil output down in early April
MOSCOW, April 14 (Reuters) - Urals crude oil differentials kept stable, while Kazakhstan's oil output fell in the first two weeks of April by 3% from the March average, Kazakh energy ministry said on Monday.The Central Asian country's crude production, excluding gas condensate, was down in A...Reuters
Mon, Apr 14