crude oil Archives - Page 10 of 15

Oil price war spells bad news for Canada, global market

By GFM Network News March 9, 2020

MarketsFarm — Benchmark crude oil prices plummeted 30 per cent on Monday, after a price war erupted between Saudi Arabia and Russia. While that will mean lower prices at the pumps for consumers, the price war will not bode well for the Canadian economy, according to a pair of industry experts. “We already had the […] Read more

General, Machinery, Markets

Diesel prices expected to trend lower

By GFM Network News March 7, 2020

MarketsFarm — Canadian producers may enjoy a lower diesel bill during spring seeding, as reductions in demand have weighed on diesel prices across North America. Patrick DeHaan, head of petroleum analysis for GasBuddy, said retail diesel prices are down by about 10 to 15 cents per litre since the beginning of the year. The drop […] Read more

The Big River Resources ethanol plant at West Burlington, Iowa, about 120 km southwest of Davenport. (Steven Vaughn photo courtesy ARS/USDA)

Crops, Reuters

Trump’s ag department sets 30 per cent biofuel goal for 2050

By GFM Network News February 20, 2020

Washington | Reuters — The U.S. Department of Agriculture on Thursday announced a goal for biofuels to make up 30 per cent of U.S. transportation fuels by 2050, a move that could bolster an industry that has been otherwise battered by the Trump administration. Refineries are currently required to blend 20.09 billion gallons of biofuel […] Read more

Smoke rises from the site of burning railcars at a CP derailment near Guernsey, Sask., on Feb. 6, 2020. (Photo: Reuters/Nayan Sthankiya)

Crops, Machinery

Garneau re-adjusts train speed limits

New limits in place for 'key trains' with dangerous goods

By Glacier FarmMedia staff, GFM Network News February 18, 2020

Having cut speed limits for trains hauling dangerous goods following a fiery derailment earlier this month, federal Transport Minister Marc Garneau is adjusting those limits for a “more targeted” approach. Garneau announced Sunday he has pulled his Feb. 6 ministerial order on speed limits and replaced it with a new one affecting so-called “key trains” […] Read more

Crops, Machinery, Reuters

Canada to cut speed limits for trains hauling dangerous goods

New curb follows another Saskatchewan crash, fire

By Rod Nickel, GFM Network News February 6, 2020

Ottawa/Winnipeg | Reuters — The federal government said Thursday it would impose temporary speed limits on trains hauling dangerous goods after a Canadian Pacific Railway (CP) crude oil train derailed and caught fire. The accident, which happened in the early hours of Thursday near Guernsey, Sask., about 40 km south of Humboldt, was the second […] Read more

CBOT December 2019 corn with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

Crops, Markets

CBOT weekly outlook: Corn, soy steady, watching harvest

By GFM Network News September 18, 2019

MarketsFarm — Chicago Board of Trade soybean and corn futures moved off of nearby lows and generally trended higher following the U.S. Department of Agriculture’s supply/demand data released Thursday. However, attention has shifted to the looming harvest, with rangebound activity expected barring a fresh outside influence. “For this market to really move up, it will […] Read more

CBOT November 2019 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soy slips on favourable weather, demand disappointment

By GFM Network News September 18, 2019

Chicago | Reuters — U.S. soybean futures eased on Wednesday on mild weather across the U.S. Midwest that lessened risks that crop-damaging frost could hurt the late-planted crop and on worries that a recent wave of Chinese soy purchases has ended. Corn futures edged higher in a mild short-covering bounce, while wheat gained on robust […] Read more

CBOT December 2019 corn, with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn sinks on weather, retreating crude oil

By GFM Network News September 17, 2019

Chicago | Reuters — U.S. corn futures fell on Tuesday for the first time in four sessions on better-than-expected U.S. crop conditions and as crude oil prices, which fuelled the prior session’s rally, retreated. Soybeans also declined, despite the announcement of more sales to top importer China, as forecasts for continued warm weather across much […] Read more

Crops, Markets, Reuters

U.S. grains: Corn firms as oil rally offsets Midwest weather

By GFM Network News September 17, 2019

Chicago | Reuters — U.S. corn and soybean futures rose on Monday as support from surging crude oil prices more than offset pressure from favourable weather for late-developing crops. Signs of easing U.S.-China trade tensions also buoyed the market after confirmation on Monday of more Chinese purchases of U.S. soybeans that triggered a rally last […] Read more

Crops, Machinery, Markets

Canada’s fuel prices to rise after attack in Saudi Arabia

By GFM Network News September 16, 2019

MarketsFarm — Following an attack on two major oil facilities in Saudi Arabia, consumers can expect a small rise in fuel prices in the days to come. The attacks on Saturday hindered the production of about 5.7 million barrels of oil per day. On Monday morning, crude oil prices were up by about 10 per […] Read more

U.S. grains: Corn rebounds from contract lows on short covering, bargain buying

U.S. livestock: Cattle futures come down from highs

Entomologist tests trap crops and marigolds to repel flea beetles at an Ag in Motion

GFM Network News

U.S. grains: Corn rebounds from contract lows on short covering, bargain buying

U.S. livestock: Cattle futures come down from highs

Entomologist tests trap crops and marigolds to repel flea beetles at an Ag in Motion

Tag Archives crude oil

Oil price war spells bad news for Canada, global market

Diesel prices expected to trend lower

Trump’s ag department sets 30 per cent biofuel goal for 2050

Garneau re-adjusts train speed limits

Canada to cut speed limits for trains hauling dangerous goods

CBOT weekly outlook: Corn, soy steady, watching harvest

U.S. grains: Soy slips on favourable weather, demand disappointment

U.S. grains: Corn sinks on weather, retreating crude oil

U.S. grains: Corn firms as oil rally offsets Midwest weather

Canada’s fuel prices to rise after attack in Saudi Arabia

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