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CBOT corn rises on USDA data, weak dollar
CHICAGO, April 11 (Reuters) - Chicago Board of Trade corn futures ended higher on Friday on residual support from the U.S. Department of Agriculture reporting tighter U.S. corn ending stocks and on a falling U.S. dollar, according to analysts. CBOT May corn CK25 settled up 7-1/2 cents at $4.90-1/4 a...Reuters
Fri, Apr 11
Valero Mexico suspended from the country's import registry for motor fuels
By Stefanie EschenbacherMEXICO CITY, April 11 (Reuters) - Valero Mexico said on Friday that it was notified by the country's tax authority that it had been "momentarily" suspended from the registry of importers for motor fuels but that it was cooperating with an investigation. One of the...Reuters
Fri, Apr 11
Lower oil prices could sink Ecopetrol's full-year profits by $2.8 billion, president warns
By Nelson BocanegraBOGOTA, April 11 (Reuters) - Lower oil prices could reduce Colombian state-run oil firm Ecopetrol's profits by up to 12 trillion pesos ($2.76 billion) this year, the company's president warned on Friday.Ecopetrol ECO.CN may also have to scrap production at some fields and ...Reuters
Fri, Apr 11
Argentina soy, once parched, now has too much rain
By Maximilian HeathBUENOS AIRES, April 11 (Reuters) - Drenched Argentine fields due to heavy rains in the country's farm heartland are raising fears of soybean losses and delayed sales of the 2024/25 crop, although drier weather on the horizon should bring relief to producers, industry experts s...Reuters
Fri, Apr 11
White House proposes to eliminate NOAA climate research in budget proposal
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 dr...Reuters
Fri, Apr 11
Valero Mexico suspended from the country's import registry for motor fuels
MEXICO CITY, April 11 (Reuters) - Valero Mexico said on Friday that it was notified by the country's tax authority that it had been "momentarily" suspended from the registry of importers for motor fuels but that it was cooperating with an investigation. One of the country's largest p...Reuters
Fri, Apr 11
Abu Dhabi's ADNOC mulls bid for Aethon's US natgas assets, source says
April 11 (Reuters) - Abu Dhabi state oil company ADNOC is in the early stages of considering a bid for investment firm Aethon Energy Management's U.S. natural gas assets, according to a person familiar with the matter.ADNOC has done a string of acquisitions in gas and chemicals, which along with...Reuters
Fri, Apr 11
Xi and Lula step up meetings, firming China-Brazil ties with eyes on Trump
By Lisandra Paraguassu BRASILIA, April 11 (Reuters) - Brazil's President Luiz Inacio Lula da Silva will travel to China next month for his third meeting with President Xi Jinping since taking office in 2023, the government in Brasilia said, and a fourth meeting is already planned for July.The...Reuters
Fri, Apr 11
US natgas prices ease on small daily output rise, trade tariff worries
US LNG export feedgas on track to hit record high in AprilUS gas output on track to slide in April from March recordUS gas storage about 4% below five-year averageBy Scott DiSavino April 11 (Reuters) - U.S. natural gas futures eased about 1% on Friday on a small increase in daily output and worri...Reuters
Fri, Apr 11
Brent, WTI prices climb more $1 on possible Iran crude restriction
China imposes 125% tariff on US goods, escalating trade warEIA lowers global economic growth and oil demand forecastsBy Erwin Seba April 11 (Reuters) - Brent and West Texas Intermediate crude climbed more than $1 on Friday after U.S. Energy Secretary Chris Wright said the United States could end ...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 oil rig count falls by most in a week since June 2023, Baker Hughes says
By Scott DiSavino April 11 (Reuters) - U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig count for a third consecutive week, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and g...Reuters
Fri, Apr 11
Trump optimistic on reaching deal with China, White House says
WASHINGTON, April 11 (Reuters) - U.S. President Donald Trump is optimistic about reaching a trade deal with China, White House press secretary Karoline Leavitt said on Friday, amid an escalating trade war between the two economic giants that has battered markets."The president has made it very c...Reuters
Fri, Apr 11
US Plains HRW Wheat-Basis steady amid quiet trade, slow selling
CHICAGO, April 11 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were flat in the U.S. Midwest on Friday as selling was quiet amid a lack of farmer selling and after the U.S. Department of Agriculture in its monthly supply and demand report raised its global and U.S. wheat stocks projec...Reuters
Fri, Apr 11
US oil rig count falls by most in a week since June 2023, Baker Hughes says
By Scott DiSavino April 11 (Reuters) - U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig count for a third consecutive week, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and g...Reuters
Fri, Apr 11
Europe Gasoline/Naphtha-Gasoline margins steady
LONDON, April 11 (Reuters) - Northwest European gasoline refining profit margins were steady on Friday.A total of 3,800 metric tons of Eurobob E5 traded, with BP and Trafigura selling to Litasco and Trafigura.Another 8,000 tons of Eurobob E10 traded as Glencore bought from Litasco, Trafigura and She...Reuters
Fri, Apr 11
METALS-Copper rises on dollar weakness; US-China trade war remains in focus
By Polina Devitt LONDON, April 11 (Reuters) - Copper and other base metals were on track to finish a very volatile week on the rise in London on Friday, supported by a weaker dollar, though gains were capped by the potential for trade conflict between the U.S. and China to curb demand.Benchmark t...Reuters
Fri, Apr 11
French bikers race to buy Harleys before possible tariffs
By Lucien Libert PARIS, April 11 (Reuters) - Sales are brisk at the Villiers-Sur-Marne Harley-Davidson dealership outside Paris, where French bikers reckon they had better hurry if they want the American motorcycle of their dreams before trade war puts them out of reach."It's now or never...Reuters
Fri, Apr 11
UN shipping agency strikes deal on fuel emissions, CO2 fees
Deal will set first global CO2 price in any sectorCriticised as weak by climate-vulnerable Pacific nationsStill needs final approval at Oct IMO meetingShips will face CO2 emissions fees from 2028By Enes Tunagur, Kate Abnett and Jonathan Saul LONDON, April 11 (Reuters) - Countries at the U.N. ship...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
Price premium for gold in China jumps due to tit-for-tat tariffs
Premium on Shanghai Gold Exchange over London widensGold trading volumes on Shanghai Futures Exchange jumpChina was bidding gold every day this week, a trader saysBy Ashitha Shivaprasad and Polina Devitt April 11 (Reuters) - The price premium for gold in top consumer China above global benchmark ...Reuters
Fri, Apr 11
US Cash Grains-Corn, soy bids higher as farmers hesitate to sell
CHICAGO, April 11 (Reuters) - Spot basis bids for corn and soybeans were mostly higher in the U.S. Midwest on Friday while futures bounced and buyers attempted to entice farmer selling.* The corn basis ticked up at an Iowa processor and Iowa river terminal.* The soy basis rose at an Ohio elevator, a...Reuters
Fri, Apr 11
EU wheat steadies after slide on euro's strength
PARIS, April 11 (Reuters) - Euronext wheat edged higher on Friday as chart support and a rebound in Chicago helped stem losses fuelled by a surge in the euro.May wheat BL2K5 on Euronext was up 0.6% at 217.75 euros ($246.65) a metric ton by 1522 GMT. The contract earlier fell to 215.00 euros, matchi...Reuters
Fri, Apr 11
Indian gas firm GAIL seeks 26% stake in US LNG
US is already India's second-biggest LNG supplierGAIL stalled similar tender process under President Joe BidenIndia is also considering scrapping import tax on US LNG importsBy Nidhi Verma NEW DELHI, April 11 (Reuters) - GAIL India Ltd GAIL.NS issued a tender on Friday to buy an up to 26% sta...Reuters
Fri, Apr 11