MarketsFarm — The steady rise in crude oil prices is based on three factors, according to Tom Kloza, global head of energy analysis for Oil Price Information Service at Lakewood, N.J. One of those factors is the amount of crude oil produced by members of the Organization of Petroleum Exporting Countries (OPEC), along with some […] Read more
Gasoline, diesel prices set to continue rising
CBOT weekly outlook: Corn values stabilize
MarketsFarm — The April world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture didn’t hold much sway over corn on the Chicago Board of Trade (CBOT) on Thursday. Corn ending stocks for the U.S. were pegged at 53.15 million tonnes, about five million tonnes higher than the previous month’s report. However, […] Read more
Federal carbon tax rises despite opposition, pandemic
Ottawa not backing away from scheduled increases
Ottawa — The federal government has pushed ahead with an increase to the carbon tax despite continued calls from the agriculture sector for reprieve from the program. The price on carbon rose from $20 per tonne to $30 per tonne effective April 1. The federal Liberal government is standing firm on its commitment to increase […] Read more
Diesel prices expected to trend lower
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
Rising diesel prices coming
MarketsFarm — Higher diesel prices are on the horizon for Canada and the U.S. in 2019. GasBuddy.com senior petroleum analyst Dan McTeague pointed to an increase in overall demand, combined with a slowdown in heavy oil production and the federal carbon tax as well as pending IMO 2020 regulations — that is, the International Marine […] Read more
Algeria to open farming concessions to foreigners
Algiers | Reuters — Algeria plans to offer foreign investors concessions for farm land for the first time, according to an official document, as the oil producer seeks to boost food output and reduce reliance on imports. Under the plan, which is expected to be discussed by the cabinet this week before being submitted to […] Read more
Diesel prices poised to rise in new year
CNS Canada — The lingering effects of two large hurricanes in the U.S. continue to be felt in the diesel market as harvest winds down throughout North America. In particular, Hurricane Harvey was a disruptive force on the U.S. energy market as it temporarily halted production at refineries. Both gas and diesel prices rose in […] Read more
Diesel prices soften, but watching U.S. infrastructure plan
CNS Canada — Sinking prices for crude oil and a softer Canadian dollar have kept diesel prices relatively low for Canadian farmers in 2017, and they could be heading lower, as long as U.S. President Donald Trump’s infrastructure plan doesn’t get in the way. “I would probably say in Canada you’re going to see numbers […] Read more
Diesel prices to start edging up in 2017
Commodity News Service Canada – An improving U.S. economy and a global deal to limit oil production should give diesel prices a boost in the coming year. “We’ve been blessed with low diesel prices the past few years but we’re probably looking at higher prices in the New Year,” said Phil Flynn of Price Futures […] Read more
U.S. grains: Soy falls on position squaring
Chicago | Reuters — U.S. soybean futures fell on Wednesday in the second straight day of declines as investors evened out positions and locked in profits from monthly gains, traders said. Wheat futures also fell, pressured by a firm dollar that further dimmed prospects for U.S. supplies on the export market. Corn was steady to […] Read more
Cyber-Savvy Farmer
