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GRAINS-Soy surges 2%; corn, wheat rally after Trump pauses most tariffs
By Renee Hickman and Julie Ingwersen CHICAGO, April 9 (Reuters) - U.S. soybean futures soared by 2% on Wednesday while corn and wheat closed higher, rallying along with crude oil CLc1 and equity markets after U.S. President Donald Trump said he would pause the tariff increases he anno...Reuters
Wed, Apr 9
CBOT soybeans rally on news of tariff pause
CHICAGO, April 9 (Reuters) - Chicago Board of Trade soybean futures traded near flat, then shot higher near the end of the session on Wednesday as U.S. President Donald Trump announced a 90-day pause on the tariff increases he announced last week for most countries, even as he raised them on China.C...Reuters
Wed, Apr 9
Oil jumps 4% after Trump pauses tariffs on many countries, raises China levy
Trump authorizes 90-day pause on tariffs for most countries, raises China tariff rate to 125% China imposes additional tariffs on US goodsUS crude oil stockpiles rose last week, EIA saysBy Nicole Jao NEW YORK, April 9 (Reuters) - Oil prices climbed more than 4% on Wednesday, bouncing back from fo...Reuters
Wed, Apr 9
World Bank investment arm commits $300 million loan to Pakistan's Reko Diq mining project
April 9 (Reuters) - The World Bank's private investment arm, International Finance Corporation, will provide $300 million in debt financing for Pakistan's Reko Diq copper-gold mining project, an IFC disclosure said on Wednesday.Reuters
Wed, Apr 9
ICE canola futures boosted by global tariffs suspension
WINNIPEG, Manitoba, April 9 (Reuters) - ICE canola futures edged higher on Wednesday, with a powerful upturn from soyoil after the White House announced a 90-day "pause" on many global tariffs.• The news broke after noon Wednesday, with an immediate surge in prices across many markets includ...Reuters
Wed, Apr 9
USDA to lose bird flu response employees, source says
USDA spokesperson said agency is reviewing upcoming staff departuresSource says departure of three workers likely to disrupt bird flu monitoringBird flu has sickened 70 people in U.S. and killed oneBy Leah Douglas April 9 (Reuters) - Several U.S. Department of Agriculture employees who worked on ...Reuters
Wed, Apr 9
US natgas prices jump 10% after US President Trump pauses most tariffs
US LNG export feedgas on track to hit record high in AprilUS gas output on track to slide in April from March recordUS gas inventories on track for rare build in MarchBy Scott DiSavino April 9 (Reuters) - U.S. natural gas futures jumped about 10% on Wednesday, rising along with Wall Street and ot...Reuters
Wed, Apr 9
Keystone oil pipeline remains shut after spill in North Dakota
April 9 (Reuters) - The Keystone oil pipeline from Canada to the United States remained shut on Wednesday following an oil spill near Fort Ransom, North Dakota, and "return to service" plans are being evaluated, its operator South Bow SOBO.TO said.The 4,327-km (2,689-mile) pipeline, a major ...Reuters
Wed, Apr 9
US exits carbon talks on shipping, urges others to follow, document says
US says it opposes economic measures against its ships based on GHG emissionsIMO discussions continue despite US withdrawalChina, Brazil oppose flat carbon levy on shippingBy Jonathan Saul, Michelle Nichols and Kate Abnett LONDON, April 9 (Reuters) - The United States has withdrawn from talks in ...Reuters
Wed, Apr 9
Zelenskiy says this week's talks on minerals deal with US to focus on technical aspects
KYIV, April 9 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Wednesday that this week's meeting in the United States to discuss the minerals deal would focus on technical aspects and foundations of future agreement. Zelenskiy told reporters that the minerals deal with the U.S. sho...Reuters
Wed, Apr 9
US Cash Grains-Corn, soy basis higher on uptick in end user demand
CHICAGO, April 9 (Reuters) - Spot basis bids for corn and soybeans rose across the U.S. Midwest on Wednesday as a small increase in demand led to rising basis bids, dealers said.* The corn basis rose at two river terminals and an Indiana ethanol plant and fell at an Illinois ethanol plant.* The soy ...Reuters
Wed, Apr 9
Trump not seeking to re-invigorate US-Russia trade with lack of tariffs, Greer says
By David Lawder WASHINGTON, April 9 (Reuters) - U.S. Trade Representative Jamieson Greer told lawmakers on Wednesday that President Donald Trump was not trying to re-invigorate trade with Russia by sparing Russian goods from new tariffs, but it was up to Trump whether to impose any future duties...Reuters
Wed, Apr 9
EU wheat slides from two-week peak as euro fuels export doubts
PARIS, April 9 (Reuters) - Euronext wheat fell on Wednesday, retreating from a two-week high as a jump in the euro against dollar rekindled concerns about stiff competition for tepid export demand.May wheat BL2K5 on Euronext settled 2.2% euros down at 219.75 euros ($242.45) a metric ton, moving away...Reuters
Wed, Apr 9
Musk's xAI increased Tennessee gas turbines without permits, community groups say
April 9 (Reuters) - Elon Musk's xAI has nearly doubled gas turbines at its Tennessee data center, exceeding previously known figures and surpassing the number for which the company has submitted permits, according to a letter from community groups to the county's health department.The Southe...Reuters
Wed, Apr 9
Chile sees positive twist to any Trump tariffs on copper
By Daina Beth Solomon and Fabian Cambero SANTIAGO, April 9 (Reuters) - Chile's place at the low-end of U.S. tariffs announced last week could be favorable for the world's leading copper-producing country if U.S. President Donald Trump decides to slap tariffs on copper, Chile Mining Minist...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 Jan. 21 for planned ove...Reuters
Wed, Apr 9
ANALYSIS-Sharp US bond selloff revives flashbacks of COVID-era 'dash-for-cash'
Margin calls, need for liquidity exacerbate bond selloffUnwinding of basis trade reminds investors of 2020 market crashSwap spreads tighten sharply, signaling selling pressureBy Davide Barbuscia and Gertrude Chavez-Dreyfuss NEW YORK, April 9 (Reuters) - A violent U.S. Treasury selloff, evoking th...Reuters
Wed, Apr 9
GRAINS-Soybeans seesaw as China raises tariffs on US goods
By Renee Hickman CHICAGO, April 9 (Reuters) - Chicago soybean futures traded both sides of unchanged on Wednesday, brushing off some earlier selling pressure after China raised its tariffs on U.S. goods to 84% from 34%. The most active soybean contract on the Chicago Board of Trade (CBOT) Sv...Reuters
Wed, Apr 9
Thyssenkrupp explores exit options for materials trading unit, Bloomberg News reports
April 9 (Reuters) - Germany's ThyssenKrupp AG TKAG.DE is exploring exit options for its materials trading subsidiary that could be valued at as much as 2 billion euros ($2.21 billion), Bloomberg News reported on Wednesday, citing people familiar with the matter. The company has held talks with p...Reuters
Wed, Apr 9
Carney says if he wins election, Canada will develop clean energy and conventional energy
OTTAWA, April 9 (Reuters) - Canadian Prime Minister Mark Carney on Wednesday said if his ruling Liberals won an April 28 election, the government would work to develop both clean energy and the lowest carbon conventional energy.Carney also told a press conference in Calgary that Canada would use dom...Reuters
Wed, Apr 9
Eni expects investors to value Plenitude at more than $11 billion
By Francesca Landini RAVENNA, Italy, April 9 (Reuters) - Eni ENI.MI expects investors interested in a minority stake in its renewables and retail arm, Plenitude, to value the business at more than 10 billion euros ($11 billion) including debt, one of the Italian energy group's executives said...Reuters
Wed, Apr 9
METALS-Copper extends losses to hit eight-month low in China as trade war escalates
By Eric Onstad LONDON, April 9 (Reuters) - Copper extended declines on Wednesday, with Chinese prices touching an eight-month low, as buying from bargain hunters dried up after top metals consumer China retaliated against higher U.S. tariffs, fuelling a trade war between the world's two bigge...Reuters
Wed, Apr 9
Europe Gasoline/Naphtha-Gasoline margins slide on demand uncertainty
LONDON, April 9 (Reuters) - Northwest European gasoline refining profit margins fell by about $1 a barrel on Wednesday to $12.42 a barrel despite lower U.S. inventories, amid growing fears of a global recession which could hit oil demand.A total of 4,000 metric tons of Eurobob E5 traded, with Vitol ...Reuters
Wed, Apr 9
FACTBOX-The Keystone pipeline's history of spills
By Amanda StephensonTORONTO, April 9 (Reuters) - The approximately 600,000-bpd Keystone oil pipeline from Canada to the United States remained shut down Wednesday after an oil spill near Fort Ransom, North Dakota, on Tuesday released an estimated 3,500 barrels of oil.The latest spill comes two years...Reuters
Wed, Apr 9