crude oil Archives - Page 13 of 15

OPEC announcement could boost ag markets, maybe

By GFM Network News September 29, 2016

CNS Canada — The bearish malaise that has gripped the North American agricultural market shows no sign of breaking soon, and it could take a major disruption, say such as a hike in oil prices, to lead the way higher, according to some industry watchers. “Let’s say we go to US$55 (per barrel). That would […] Read more

Crops, Machinery

Diesel prices look to settle in for fall, early winter

By GFM Network News September 6, 2016

CNS Canada — Canadian diesel prices appear to be settling in for a relatively uneventful autumn, according to an industry watcher. “Unless we get a vortex kind of winter, when a lot of diesel is used for heating purposes, I think it’s another cheap autumn-winter scenario shaping up,” said Tom Kloza of the Oil Price […] Read more

Crops, Markets, Reuters

U.S. grains: Soy firms modestly on export demand

By GFM Network News August 11, 2016

Chicago | Reuters — U.S. soybeans firmed on Thursday on signs of resurgent export demand but corn drifted lower in subdued trade as the market awaited key monthly reports due Friday from the U.S. Department of Agriculture. Wheat fell despite better-than-expected weekly export sales data. At the Chicago Board of Trade, November soybeans settled up […] Read more

The Diefenbaker Bridge over the North Saskatchewan River in Prince Albert, Sask. Photo: Carolyn Carleton / Wikimedia Commons

Livestock, Reuters

Husky oil spill hits Prince Albert water supply; farmers also scrambling for alternative sources for livestock

By Rod Nickel, GFM Network News July 25, 2016

Reuters – An oil leak from a Husky Energy Inc pipeline into a major Canadian river has forced a second city in the province of Saskatchewan to stop drawing drinking water, officials said on Monday, widening the impact and cost of the spill. The heavy oil and diluent leaked from Husky’s Saskatchewan Gathering System pipeline on […] Read more

Crops, Machinery, Markets

Diesel prices seen staying lower

By GFM Network News March 22, 2016

CNS Canada –– Diesel prices in Canada are expected to stay relatively cheap this spring despite some recent strength in the crude oil market. In a normal cycle, diesel prices would usually be on the move right now, but they have been mired at their current level for the last few months, according to Tom […] Read more

Cattleman’s Corner, Livestock, Markets

Klassen: Supply is up, will demand follow?

Market Update: The economy needs to improve before consumers will buy more beef

By Jerry Klassen March 17, 2016

All factors considered, Canadian cattle producers need to be cautious because the market is contending with a year-over-year increase in supplies and softer demand for 2016. The U.S. experienced historically low beef production in 2015 but it appears with the expansion of the cattle herd, beef supplies will sharply increase from now through 2017. This […] Read more

Crops, Machinery, Markets

Crude’s slide hampers demand for Canadian biofuel

By GFM Network News February 11, 2016

CNS Canada — The trickle-down effect of slumping crude oil prices is being felt in the Canadian biofuel market and softening demand for corn and soybeans. Traditionally, ethanol is cheaper than gasoline, which encouraged processors to blend more than the mandated amount, according to Andrea Kent, president of the Canadian Renewable Fuels Association (CRFA). “When […] Read more

Livestock, Markets, Reuters

U.S. livestock: Equities spike drives CME live cattle limit-up

By GFM Network News January 21, 2016

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures climbed to their three cents/lb. daily price limit on Thursday following a turnaround in crude oil prices that helped pare recent deep U.S. stock market losses. February and April live cattle closed at 130.25 and 131.175 cents, respectively. Live cattle’s trading limit will be expanded […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Corn expected to move higher, soy sideways

By GFM Network News January 20, 2016

CNS Canada –– Corn futures at the Chicago Board of Trade have a bullish tone, according to one analyst, while soybeans are trading sideways to slightly higher. But any anticipated gains could be taken away as quickly as they come, by turbulence in outside markets. “I think there’s an opportunity to buy corn and sell […] Read more

Crops, Markets

Loonie’s boost for commodity prices likely limited in 2016

By GFM Network News December 15, 2015

CNS Canada — The Canadian dollar has been steadily depreciating through 2015, sinking to an 11-year low relative to its U.S. counterpart as the end of the year creeps closer. Even if the loonie stays weak in 2016, however, two analysts expect the upside potential it brings to agricultural commodity markets has mostly run out. […] Read more

U.S. livestock: Cattle markets up ahead of report

U.S. grains: Soybean futures fall after Trump-Xi call

Prairie Wheat Weekly: Western Canadian bids slightly decline

GFM Network News