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China's soybean meal prices drop as soybean imports rise, tariff impact dims
Rising soy imports drag oilseed pricesChina's 84% tariff on US goods met with steady market responseRapeseed meal under pressure from surging Indian supplyBy Ella Cao and Lewis Jackson BEIJING, April 10 (Reuters) - China's soybean meal futures tumbled on Thursday, ending a five-session ra...Reuters
Thu, Apr 10
Trump tariffs to have impact on cost of Orsted's projects in the US, CEO tells FT
April 10 (Reuters) - Denmark's Orsted ORSTED.CO would have a "meaningful impact" on the cost of its projects in the U.S. due to President Donald Trump's tariffs, CEO Rasmus Errboe told the Financial Times in an interview published on Thursday.Reuters
Thu, Apr 10
Orsted CEO Errboe Says Trump's New Tariffs Would Have "Meaningful Impact" On Cost Of Its Projects In US - FT
April 10 (Reuters) - ORSTED CEO ERRBOE SAYS TRUMP’S NEW TARIFFS WOULD HAVE A “MEANINGFUL IMPACT” ON THE COST OF ITS PROJECTS IN THE US - FTSource text: https://tinyurl.com/27dar5jeReuters
Thu, Apr 10
WTI declines below $61.50 as trade war escalates
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.45 during the early Asian session on Thursday. The WTI price tumbles amid the escalating trade war between the US and China, and fears of a slowdown in economic growth and energy demand.
Fxstreet
Thu, Apr 10
Silver Price Forecast: XAG/USD holds gains above $31.00 due to renewed safe-haven demand
Silver price (XAG/USD) continues to climb for the second straight day, trading near $31.10 per troy ounce during Thursday’s Asian session. The grey metal surged nearly 4% in the previous session, fueled by renewed safe-haven demand following escalating US-China trade tensions.
Fxstreet
Thu, Apr 10
TC Energy shuts pipeline section near Fennville, Michigan due to a leak
April 9 (Reuters) - TC Energy TRP.TO on Wednesday shut down a part of its ANR pipeline system due to a leak near Fennville, Michigan, causing a natural gas outage in the region.The pipeline was struck by a third party and TC Energy isolated and shut the damaged part of the pipeline after it learned ...Reuters
Thu, Apr 10
RUBBER-Japan futures rebound as Trump's tariffs pause offers relief
TOKYO, April 10 (Reuters) - Japanese rubber futures rose on Thursday, recovering from the previous day's drop, as U.S. President Donald Trump's abrupt decision to pause tariffs for 90 days offered relief to investors.The Osaka Exchange (OSE) rubber contract for September delivery JRUc6, 0#...Reuters
Thu, Apr 10
PRESS DIGEST-Financial Times - April 10
April 10 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- British Steel prepares to idle one of its two blast furnaces- Keir Starmer shifts focus in US trade talks to cutting 25% tariff on UK...Reuters
Thu, Apr 10
GRAINS-Soybeans rise after Trump's tariff U-turn
CANBERRA, April 10 (Reuters) - Chicago soybean futures extended gains on Thursday after shooting up 2% in the previous session when U.S. President Donald Trump said he would pause tariff increases on dozens of countries to allow time for trade negotiations.Trump's stunning U-turn sent equities a...Reuters
Thu, Apr 10
METALS-London metals rise as Trump's tariff reprieve eases trade war jitters
SHANGHAI, April 10 (Reuters) - Base metal prices in London climbed on Thursday, supported by improved market sentiment after U.S. President Donald Trump decided to temporarily lower the hefty duties he recently imposed on several countries.The benchmark three-month copper CMCU3 on the London Metal E...Reuters
Thu, Apr 10
Oil prices fall as Trump escalates trade war with China
By Arathy SomasekharApril 10 (Reuters) - Oil prices fell around 1% on Thursday as U.S. President Donald Trump ramped up a trade war with China, even as he announced a 90-day pause on tariffs aimed at other countries. Brent futures LCOc1 fell 73 cents, 1.1%, to $64.73 a barrel by 01:08 a.m. GMT, whil...Reuters
Thu, Apr 10
COMMODITIES-Energy, metals and grains surge after Trump tariff pause
CHICAGO, April 9 (Reuters) - Oil prices surged from a four-year low on Wednesday and gold rallied in a broad-based commodities and equity market rebound after U.S. President Donald Trump said he would temporarily lower recently enacted tariffs on dozens of countries while further increasing duties..
US recognizes Panama's sovereignty over canal, Panama says after talks
PANAMA CITY, April 9 (Reuters) - Panama said on Wednesday the United States recognized its sovereignty over the Panama Canal, despite tough rhetoric from Washington, as the two nations announced agreements to deepen U.S. military training in the Central American nation.Reuters
Thu, Apr 10
Australia's competition regulator greenlights Qube's RoRo terminal deal
April 10 (Reuters) - Australia's competition watchdog said on Thursday it is not opposed to the country's largest integrated terminal and freight logistics provider, Qube QUB.AX, acquiring Melbourne International RoRo & Auto Terminal (MIRRAT), subject to certain undertakings by the firm....Reuters
Wed, Apr 9
Panama government says First Quantum withdraws arbitrations
PANAMA CITY, April 9 (Reuters) - Panama's government on Wednesday said it had received formal confirmation of the withdrawal of the arbitrations against the country filed by Canadian miner First Quantum Minerals FM.TO, following the closure of the Cobre Panama mine at the end of 2023.Reuters
Wed, Apr 9
Gold Price Forecast: XAU/USD drifts higher above $3,050 amid escalating US-China trade tensions
The Gold price (XAU/USD) edges higher to around $3,080 during the late American session on Wednesday. The safe-haven demand amid escalating trade tensions between the United States and China provides some support to the precious metal.Fxstreet
Wed, Apr 9
Energy Transfer signs deal with MidOcean for Lake Charles, Louisiana, LNG project
April 9 (Reuters) - U.S. pipeline operator Energy Transfer ET.N said on Wednesday it entered into a nonbinding agreement with MidOcean Energy to jointly develop the Lake Charles LNG export facility in Louisiana.MidOcean will pay for 30% of the construction costs of the facility and receive 30% of th...Reuters
Wed, Apr 9
Climate activist shareholder group Follow This pauses big oil campaign
LONDON, April 10 (Reuters) - Climate activist shareholder group Follow This said on Thursday a lack of investor appetite has forced it to suspend its nearly decade-long campaign seeking stronger commitments from major oil and gas producers to emission cuts.The Dutch group started filing climate reso...Reuters
Wed, Apr 9
LIVESTOCK-CME live cattle, hogs surge on tariff pause announcement
By Renee Hickman CHICAGO, April 9 (Reuters) - Chicago Mercantile Exchange cattle and hog futures rallied on Wednesday as U.S. President Donald Trump said he would temporarily lower many of the hefty tariffs he announced last week, though levies on Chinese imports into the country are set to rise ...Reuters
Wed, Apr 9
Trump order sets new expiration dates on existing energy rules, White House says
April 9 (Reuters) - U.S. President Donald Trump on Wednesday signed an executive order that aims to boost energy production by automatically cutting "outdated regulations," the White House said.The move is the latest in a string of efforts by Trump's administration to pump up domestic en...Reuters
Wed, Apr 9
CIF/FOB Gulf Grain-Soybean barge basis firm on river shipping woes
CHICAGO, April 9 (Reuters) - Spot basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals firmed for a second day on Wednesday as tight supplies in the river market and slow barge movement further lifted values from early-week lows, traders said.* CIF corn basis bids were mostly stea...Reuters
Wed, Apr 9
Occidental Petroleum flags higher prices for oil and gas production in Q1
By Vallari Srivastava April 9 (Reuters) - U.S. shale firm Occidental Petroleum OXY.N said on Wednesday the prices it received for oil and gas production during the first quarter were higher than in the preceding three months.Benchmark Brent crude LCOc1 prices averaged $74.98 a barrel during the ...Reuters
Wed, Apr 9
US Cash Crude-Mars eases after strengthening in previous session
April 9 (Reuters) - Mars Sour eased on Wednesday after doubling in the previous session as a key pipeline shipping Canadian crude to feed U.S. refineries went offline. The Keystone oil pipeline from Canada to the United States remained shut on Wednesday following an oil spill near Fort Ransom, North...Reuters
Wed, Apr 9
Motiva restarting FCC at Port Arthur, Texas refinery, sources say
HOUSTON, April 9 (Reuters) - Motiva Enterprises began restarting the gasoline-producing fluidic catalytic cracker (FCC) at its 626,000 barrel-per-day (bpd) Port Arthur, Texas refinery on Wednesday, said two people familiar with plant operations. The 81,000-bpd FCC was shut on January 21 for a planne...Reuters
Wed, Apr 9
CANADA-CRUDE-Western Canada Select heavy crude discount widens
April 9 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 widened on Wednesday. WCS for May delivery in Hardisty, Alberta, settled at $10.30 a barrel under WTI, according to brokerage CalRock, after havi...Reuters
Wed, Apr 9