Forget Fuel Costs, U.S. Farmers Cheer Oil Surge

Not too long ago, a surge in oil prices would have caused a groan of misery from the U.S. farm belt, forced to pay higher prices for tractor fuel and fertilizer. Today, farmers are far more likely to cheer. The farm sector’s response to a surge in fuel costs has inverted for two important reasons:

U.S. Biodiesel On Life Support, But Smiling

Biodiesel, still a moneylosing proposition in the United States compared to oil-based diesel, is about to have its best year ever thanks to government tax credits and usage mandates. But it will take months for the biodiesel industry to bounce back after being stranded last year, when the government let its six-year subs idy expi


Funds’ Commodity Holdings Could Hit $500 Billion

Commodity investments could near half a trillion dollars by the end of 2011 as the return of $100 oil and a broad-based rally heighten interest in the asset class to levels not seen since 2008. But the wave of money now hitting commodities is more sophisticated and discerning than its predecessor three years ago. Investors

U.S. Ethanol Sector Contemplates Subsidy Cuts

Mark Marquis had planned to double the size of his Illinois ethanol plant in 2011, and was considering expanding a Wisconsin facility his family-run firm bought into last July. But those plans are now on hold, as Marquis and other ethanol producers brace for the possible end of $6 billion a year in U.S. subsidies



Canadian Dollar Gaining Strength

The Canadian dollar has been gaining strength over the past month, and a number of analysts believe it will continue its bullish pattern for the final quarter of 2010. After reaching a six-week low on August 31, the Canadian currency has risen by 5.5 per cent. Andrew Pyle, wealth adviser with Scotia McLeod in Peterborough,


Global Energy, Food, Water Shortages On The Horizon

By 2015, the world will have arrived at the summit of global crude oil production, according to John Oliver, president of Maple Leaf Bio-Concepts. After that point, depletion rates of roughly four to six per cent per year in the world’s “easy” oilfields will leave an ever-shrinking pool of the precious resource to power the

Look South For World’s New Breadbasket

For three-times-daily market reports from Resource News International, visit “ICE Futures Canada updates” at www.manitobacooperator.ca ICE Futures Canada canola contracts moved lower during the week ended March 5, with much of the weakness tied to the strength of the Canadian dollar. The currency rose by two cents relative to its U. S. counterpart during the


Oilseed Prices Will Improve

Oilseed futures, including canola and soybeans, will likely see short-term weakness, but will be stronger in the longer term, said technical analyst David Drozd of Ag-Chieve Corporation in a presentation at Canadian Wheat Board’s annual Grain World conference in Winnipeg, Feb. 22. Pointing to a number of equity, currency, and commodity charts, Drozd said his

Industrial Ag Model Is Broken, Says Ag Economist

It’s just a matter of time before small towns humming with diversified, locally based economic activity surrounded by a thriving countryside filled with hardworking farm families start making a major comeback on the rural landscape. Why? There’s simply no other choice going forward, according to John Ikerd, a retired U. S. agricultural economist and author