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May 2 - Preliminary vessel tracking data from LSEG shows a significant jump in U.S. liquefied natural gas (LNG) exports to Asia in April. As conflict in the Middle East constrained production in the region, U.S. producers effectively filled the gap left by reduced supply from Middle Eastern exporters. Nearly a quarter of total U.S. LNG exports went to Asia that month. Data shows that since the U.S. and Israels strikes against Iran, U.S. LNG shipments to Asia have increased by more than 175%; specifically, exports climbed from approximately 970,000 tons in February to 1.99 million tons in March, and further increased to 2.71 million tons in April.According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending April 28, equity fund managers reduced their net long positions in the S&P 500 CME by 21,368 contracts to 999,182 contracts. Equity fund speculators reduced their net short positions in the S&P 500 CME by 5,811 contracts to 396,442 contracts.According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending April 28, speculators reduced their net short positions in CBOT U.S. 2-year Treasury futures by 34,090 contracts to 1,709,263 contracts. They increased their net short positions in CBOT U.S. 10-year Treasury futures by 48,166 contracts to 839,137 contracts.On May 2nd, Federal Reserves top banking regulator, Bowman, stated that regulators must consider how best to regulate new technologies like Anthropics Mythos. "On one hand, this capability allows companies to address vulnerabilities they identify themselves, thereby enhancing cybersecurity," Bowman said. "But on the other hand, if used maliciously, it could be used to identify and exploit weaknesses." Anthropic has limited the release of its latest artificial intelligence model as it assesses safeguards against this powerful new technology. This model has also prompted Trump administration officials to consider the possibility of cyberattacks threatening financial stability.US President Trump: No authorization is needed for action against Iran.

The conclusion of the Argentine truckers' strike increases grain shipments

Charlie Brooks

Jul 01, 2022 11:36


The Argentine truckers' strike ended on Thursday, when several unions incensed by fuel shortages reached an agreement to terminate the one-week protest near the vital port of Rosario, which is expected to assist future grain exports.


The truck driver's protest over high gasoline prices has halted shipments of corn and other goods, just as the bulk of the harvest was making its way to ports for export to worldwide markets.


Due to the exclusion of a few tiny truckers groups from the deal, however, it is possible that certain protests may continue.


Argentina is the second-largest exporter of maize, the top exporter of processed soy oil and meal, and a major supplier of wheat and beef.


One of the unions, Autoconvocados Unidos, issued the following statement: "Despite our dissatisfaction (with the latest settlement of truck freight rates) and in light of the present crisis in our country, we have chosen to halt the strike."


The union described their action as an act of kindness.


The number of trucks entering ports surged by 70 percent on Thursday compared to the previous day, reaching approximately 1,500 vehicles, as reported by the Rosario grains market.


The Rosario ports are the departure point for 80 percent of Argentina's agricultural exports, the vast majority of which are transported by truck.


The ability of trucks to access the port is returning to normal, according to the manager of the country's marine port chamber, Guillermo Wade.


Additionally on Wednesday, the transport ministry secured a deal with non-striking agricultural and transport groups to hike grain freight charges by 25%.


However, the majority of protesting unions, led by the UNTRA truckers' union, felt the rate increase insufficient and chose to dismantle highway blockades.


The head of the UNTRA, Carlos Geneiro, said, "We have far greater expenses than that."