(Dave Bedard photo)

‘Petro-plectic’ anger rises toward fuel prices

Fuel refiners seen booking 'epic' revenues

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 (black line). (Barchart)

ICE weekly outlook: Highs might be in for old-crop canola

New crop in 'a very uncertain stage'

MarketsFarm — The highs may be in for old-crop canola contracts on the ICE Futures platform, with attention in the market turning to the new crop. “I think the market has probably defined the upside potential and the acute demand rationing that needed to occur is done,” said Jerry Klassen, an independent commodity trader and […] Read more


Stock photo of a grain grower in India. (Triloks/iStock/Getty Images)

India bans wheat exports as heat wave hurts crop, domestic prices soar

Ban could push global wheat prices to new peaks

Mumbai | Reuters — India banned wheat exports on Saturday days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices hit a record high. The government said it would still allow exports backed by already issued letters of credit and to countries that request supplies […] Read more