crude oil Archives - Page 4 of 15

CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat falls on Russian production outlook

Exports underpin U.S. soybeans

By Christopher Walljasper, GFM Network News September 19, 2022

Chicago | Reuters — Chicago wheat fell on Monday on an expected increase in Russia’s crop that will compete with U.S. exports, already hampered by a strong U.S. dollar, traders said. Soybeans were underpinned by Chinese export demand, while corn ended up slightly after two-sided trade on broader economic uncertainty. Chicago Board of Trade most […] Read more

CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

Crops, Markets

CBOT weekly outlook: More acres, smaller yields anticipated in U.S.

By GFM Network News September 7, 2022

MarketsFarm — Ahead of the next supply and demand report from the U.S. Department of Agriculture (USDA), due out Monday, Allendale Inc. president Steve Georgy said corn and soybean acres are likely to increase, while yields are to decrease. Georgy projected USDA will up its call on U.S. planted corn acres by 200,000 to 400,000, […] Read more

CBOT December 2022 wheat (candlesticks, right column) with MGEX and K.C. December 2022 wheats (yellow and orange lines, right column) and October 2022 West Texas Intermediate (WTI) crude (gray line, left column). (Barchart)

Crops, Markets, Reuters

U.S. grains: Wheat, corn, soy fall on economic concerns

U.S. Midwest's harvest nears

By Julie Ingwersen, GFM Network News September 1, 2022

Chicago | Reuters — U.S. wheat futures fell more than four per cent and corn and soybeans slipped on Thursday on mounting concerns about a global economic slowdown, analysts said, just as the Midwest crop harvest nears. Wall Street stocks came under pressure as data showing that U.S. manufacturing grew steadily in August rattled some […] Read more

CBOT December 2022 corn (candlesticks) with Bollinger bands (20,2). (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn down on recession fears, profit-taking

Corn falls off two-month top; soy, wheat also down

By Julie Ingwersen, GFM Network News August 31, 2022

Chicago | Reuters — U.S. corn, wheat and soybean futures fell on Tuesday, joining broad declines in commodities and equity markets as traders fretted about the health of the global economy. Profit-taking also weighed on corn futures, a day after the benchmark December contract notched a two-month high linked to declining U.S. crop production prospects. […] Read more

The former Come By Chance fuel refinery in Newfoundland, shown here in a file photo, was renamed Braya Renewable Fuels in November 2021 after Dallas-based Cresta Fund Management bought a controlling stake in the facility. (Benedek/iStock/Getty Images)

Crops, Machinery, Markets, Reuters

Surge in U.S. renewable diesel supply won’t offset loss of petroleum diesel

By GFM Network News June 21, 2022

Reuters — A flood of U.S. renewable diesel plants set to come online in the next three years will not be enough to offset the loss of petroleum diesel refining capacity from plant closings since 2019, a Reuters analysis of federal data shows. U.S. refining capacity has declined in the last two years, as plants […] Read more

General, Machinery, Markets

‘Petro-plectic’ anger rises toward fuel prices

Fuel refiners seen booking 'epic' revenues

By GFM Network News June 7, 2022

MarketsFarm — Fuel prices are very likely to continue to increase with summer approaching, according to Tom Kloza, the Florida-based global head of energy analysis for Oil Price Information Services. “I wish I could say there’s a light at the end of the tunnel, but I would say right now, it’s just a flicker,” he […] Read more

ICE July 2022 canola (candlesticks) with Bollinger bands (20,2) and November 2022 canola (yellow line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: ‘Meltdown’ not yet on canola market radar

By GFM Network News June 1, 2022

MarketsFarm — There’s more to the sharp decline in U.S. wheat and corn futures than the possibility of Ukrainian exports returning to the global market along with the massive liquidation of longs, according to analyst Errol Anderson of ProMarket Communications in Calgary. “My theory with what is going on is that we’re seeing a fairly […] Read more

The last eight years have been dominated by energy surpluses, and it looks like the next decade could be dominated by shortages as we begin to feel the effects of underinvestment and the political climate.

Columns

The looming energy predicament

I use the word predicament because “crisis” and “catastrophe” are grossly overused

By Herman VanGenderen April 4, 2022

A short 14 years ago, as oil approached $150 per barrel, chants of “Drill, Baby, Drill” were often heard at republican campaign rallies. While the republicans lost the election, the U.S. oil industry heard the message loud and clear, unleashing a torrent of investment in shale oil, boosting American production from about five million to […] Read more

Crops, Machinery

Saskatchewan budget aims to spur ag investment

Potash, crude oil resource revenues help cut deficit

By Dave Bedard, GFM Network News March 24, 2022

Sweetening existing tax credits on big-ticket investments, and setting up a new Crown corporation to support Indigenous investors, are among the items expected to help encourage new value-added ag projects in Saskatchewan’s latest budget. Provincial Finance Minister Donna Harpauer on Wednesday released her 2022-23 budget with $17.6 billion in expenditures on $17.2 billion in revenues, […] Read more

ICE May 2022 canola (candlesticks, right column) with 20-, 50- and 100-day moving averages (yellow, green and black lines) and NYMEX May 2022 WTI crude oil (grey line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Strong canola market to ‘see both sides of rainbow’

By Phil Franz-Warkentin, GFM Network News March 23, 2022

MarketsFarm — ICE Futures canola contracts climbed to their highest levels ever during the week ended Wednesday before running into some profit-taking resistance. Its general uptrend remains intact for the time being, but a downturn is also inevitable. The nearby May canola contract hit a session high of $1,177.80 per tonne on Wednesday, before backing […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News