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Cold winds sweep Beijing, closing key sites, disrupting travel
BEIJING, April 12 (Reuters) - China's capital hunkered down on Saturday as rare typhoon-like gales swept northern regions, forcing the closure of historic sites and disrupting travel while bringing late snowfalls and hailstone showers in some areas.Windows shook and trees crashed onto footpaths ...Reuters
Sat, Apr 12
Trump plans to stockpile deep sea metals to counter China, FT reports
April 12 (Reuters) - The Trump administration is drafting an executive order to enable the stockpiling of metals found on the Pacific Ocean seabed to counter China's dominance in battery minerals and rare earth supply chains, The Financial Times reported on Saturday, citing people familiar with...Reuters
Sat, Apr 12
CORRECTED-Cold winds sweep Beijing, closing key sites, disrupting travel
BEIJING, April 12 (Reuters) - China's capital hunkered down on Saturday as rare typhoon-like gales swept northern regions, forcing the closure of historic sites and disrupting travel while bringing late snowfalls and hailstone showers in some areas.Windows shook and cars were rocked by gusts of ...Reuters
Sat, Apr 12
CORRECTED-GLOBAL LNG -Asian spot prices slip to near 1-year low on weak demand, recession concerns
By Emily Chow SINGAPORE, April 11 (Reuters) - Asian spot liquefied natural gas (LNG) prices slid its lowest in nearly a year this week, weighed by weak demand, high stocks and concerns of a global recession triggered by U.S. President Trump's implementation of worldwide tariffs. The average L...Reuters
Sat, Apr 12
Trump administration moves to pull Maine's school funding over transgender athletes
Education Department moves to cut off Maine's federal education fundingJudge issues temporary restraining order blocking USDA from cutting off federal school lunch fundingBy Nate Raymond and Jack Queen April 11 (Reuters) - U.S. President Donald Trump's administration on Friday moved to cu...Reuters
Sat, Apr 12
Chevron's Venezuelan oil cargoes canceled, stalled amid payment uncertainty
PDVSA cancels authorizations for Chevron-chartered shipsChevron awaits paperwork for cargo return to Venezuelan ports HOUSTON, April 11 (Reuters) - At least two vessels carrying Venezuelan crude chartered by Chevron CVX.N are stalled due to state oil company PDVSA canceling their export authoriza...Reuters
Sat, Apr 12
Trump administration cannot freeze Maine school lunch funds over transgender athlete policy, judge rules
Judge rules USDA didn't follow legal procedures in freezing fundsProgram funds used to feed schoolchildren and vulnerable adults April 11 (Reuters) - President Donald Trump's administration cannot cut off Maine's federal school lunch funding over the state's refusal to ban transge...Reuters
Sat, Apr 12
Canada's South Bow cuts crude trading team, focuses on contracted pipeline volumes, sources say
South Bow laid off 2 crude traders on April 4, sources sayIt seeks to hike contracted volumes on its pipeline systems South Bow sees marketing unit EBITDA down $30 million in 2025 By Georgina McCartney HOUSTON, April 11 (Reuters) - Calgary-based pipeline company South Bow SOBO.TO has cut the size...Reuters
Sat, Apr 12
LIVESTOCK-CME cattle futures rebound alongside stock market after volatile week
By Renee Hickman CHICAGO, April 11 (Reuters) - Chicago Mercantile Exchange cattle futures recovered on Friday as the stock market jumped at the end of a volatile week that pulled livestock futures along for a roller coaster ride driven by tariff dispute headlines. CME June live cattle futures LC...Reuters
Fri, Apr 11
CIF/FOB Gulf Grain-Soybean barge basis rises on good demand, river shipping woes
CHICAGO, April 11 (Reuters) - Basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals were mostly higher on Friday on good demand from exporters as river shipping woes stalled movement of supplies to the export hub, traders said.* Flooding on the lower Ohio River following severe sto...Reuters
Fri, Apr 11
Southern California Edison lays out $925 million plan to rebuild after LA wildfires
April 11 (Reuters) - Southern California Edison (SCE), a subsidiary of utility Edison International EIX.N, said on Friday it had submitted an initial plan to rebuild the areas within its service territory that were devastated by the Los Angeles wildfires in January.The preliminary plan was submitted...Reuters
Fri, Apr 11
US Cash Crude-Grades little changed even as U.S. energy firms cut oil rigs
April 11 (Reuters) - Grades were steady on Friday even as U.S. energy firms this week cut oil rigs by the most in a week since June 2023. WTI Midland was unchanged, while Mars edged 10 cents higher.Baker Hughes said oil rigs fell by nine to 480 this week. Oil producers were starting to think about c...Reuters
Fri, Apr 11
CANADA-CRUDE-Western Canada Select heavy crude discount narrows
April 11 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 narrowed on Friday, even as the Keystone oil pipeline from Canada to the U.S. remained shut down for a fourth consecutive day.WCS for May delivery i...Reuters
Fri, Apr 11
GRAINS-Wheat rallies on sliding dollar
By Renee Hickman CHICAGO, April 11 (Reuters) - Chicago wheat futures rallied Friday as the dollar weakened against other major currencies, while corn firmed on U.S. Department of Agriculture data and soybeans climbed, unruffled by the latest hike in China's retaliatory tariffs against U.S. go...Reuters
Fri, Apr 11
US, Ukraine hold tense talks as mineral deal remains elusive, source says
By Andrea Shalal WASHINGTON, April 11 (Reuters) - U.S. and Ukrainian officials met on Friday on a U.S. proposal to gain access to Ukraine's mineral wealth, a source with knowledge of the matter said, adding that prospects for a breakthrough were scant given the meeting's "antagonistic...Reuters
Fri, Apr 11
US regulators deny rehearing on co-located Amazon data center energy pact
By Laila Kearney NEW YORK, April 11 (Reuters) - U.S. energy regulators this week denied a request to reconsider a decision that blocked an Amazon AMZN.O data center, connected directly to a Talen Energy TLN.O nuclear power plant in Pennsylvania, from ramping up its power use, government filings s...Reuters
Fri, Apr 11
White House aims to eliminate NOAA climate research in budget plan
By Valerie Volcovici April 11 (Reuters) - The administration of President Donald Trump aims to eliminate the arm of the National Oceanic and Atmospheric Administration that oversees research on climate change and refocus the U.S. fisheries service to support energy development, according to a dra...Reuters
Fri, Apr 11
US Cash Grains-Corn, soy basis holds steady while futures bounce
CHICAGO, April 11 (Reuters) - Spot basis bids for soybeans and corn were steady in the U.S. Midwest on Friday in a quiet cash trade following a week of steady increases.* Farmers are reluctant to sell amid relatively weak prices and have turned their attention to spring planting and planting prepara...Reuters
Fri, Apr 11
FTC takes step toward reversing Chevron, Exxon board restrictions
WASHINGTON, April 11 (Reuters) - The U.S. Federal Trade Commission took a step toward potentially reversing bans on certain oil executives joining the boards of Chevron CVX.N and Exxon Mobil XOM.N that the Biden administration made a condition that allowed them to acquire two other oil producers.Exx...Reuters
Fri, Apr 11
Hedge funds' net shorts on US 10-year futures hit roughly six-month high, CFTC data shows
NEW YORK, April 11 (Reuters) - Bearish bets on U.S. 10-year Treasury note futures from leveraged accounts or hedge funds hit their largest level since late October, data showed on Friday. Leveraged funds's net shorts on U.S. 10-year note futures rose to 1,873,687 contracts 1043602LNET, accordi...Reuters
Fri, Apr 11
CBOT wheat ends higher on faltering dollar
April 11 (Reuters) - Chicago Board of Trade wheat futures closed up on Friday as the U.S. dollar weakened against other major currencies, analysts said. CBOT May soft red winter wheat WK25 settled up 17-3/4 cents at $5.55-3/4 per bushel. K.C. May hard red winter wheat KWK25 ended up 10 cents at $5.6...Reuters
Fri, Apr 11
Tankers sail away from Venezuela empty, partially loaded amid cargo cancellations
HOUSTON, April 11 (Reuters) - A Suezmax tanker chartered by U.S. refiner Valero Energy VLO.N to receive Venezuelan crude from Chevron CVX.N off the Caribbean island of Aruba has set sail to the U.S. partially loaded as it could not complete its cargo amid cancellations by state company PDVSA, LSEG d...Reuters
Fri, Apr 11
CBOT soybeans end higher on USDA data, falling dollar
CHICAGO, April 11 (Reuters) - Chicago Board of Trade soybean futures climbed on Friday on data from the U.S. Department of Agriculture's Thursday supply and demand report, higher soyoil futures and a weaker U.S. dollar, according to analysts. CBOT May soybeans SK25 settled up 13-3/4 cents to end...Reuters
Fri, Apr 11
SOFTS-Cocoa, coffee recover but post weekly losses amid demand woes
NEW YORK, April 11 (Reuters) - World cocoa and coffee prices recovered on Friday from steep falls mid-week amid the tariff woes, but still posted weekly losses as investors continue to fear a global recession. The U.S. administration said on Wednesday it would pause most higher tariffs for ...Reuters
Fri, Apr 11
ICE canola futures rise for a fifth straight session
WINNIPEG, Manitoba - April 11 (Reuters) - ICE canola futures finished the week with a fifth straight gain, rising almost $40 per metric ton since Monday. • January canola RSK5 settled up $6.70 at $660.70 per metric ton, a level traders said will encourage farmers to sell whatever crops they still...Reuters
Fri, Apr 11