
Tag Archives oil prices

U.S. grains: Corn, soy, wheat slide with financial markets
Drop in oil prices adds pressure on corn
Chicago | Reuters — U.S. grain and soybean futures fell on Friday as the spread of the new coronavirus triggered broad selling in commodities and equities. Wall Street tumbled as fears of economic damage intensified with the global tally of cases crossing 100,000. Financial markets view the virus, which causes a flu-like illness, as the

Oil sanctions on Venezuela could benefit Canada
How Canada benefits from the oil sanctions the United States plans to place on Venezuela is contingent on the country’s ability to move its Western Canadian Select crude oil to U.S. refineries, said two oil industry experts. As part of an effort to effect regime change in Venezuela, U.S. President Donald Trump announced this week

Ag seen gaining on slightly weaker loonie in 2019
CNS Canada — Farm Credit Canada (FCC) predicts the Canadian dollar will spend the year around the 75-U.S. cent mark — slightly softer than last year’s average of 76. “We’re going to see volatility throughout the year obviously but when we look at that season, or the full year average, we’re looking for it to

Tight supplies could see diesel prices rise
CNS Canada – As supply tightens, farmers should consider stocking up on diesel before it’s too late, according to an analyst. “We think the market’s getting kind of overdone down here and this might be your best chance…if we do get a cold winter I think we’ll see these prices really pop,” said Phil Flynn
Editorial: Future risks
Manitoba’s agriculture community is welcoming news it will be getting a few more exemptions from the incoming provincial carbon tax. The Pallister government this week announced fuels used to heat and cool livestock buildings and greenhouses and to dry grain would get a pass on the tax. The sector successfully argued from the outset it

Cauliflower hysteria offers lessons for Canadian consumers
Food inflation is hammering consumers, but there are ways to reduce price pressure
Food inflation is top of mind for Canadian consumers, with rampant claims about produce being grossly overpriced. And the latest consumer price index (CPI) report won’t calm Canadian shoppers any time soon, since food inflation stands at 4.1 per cent. That’s a significant contrast to the -0.4 per cent in food inflation reported in the

Crude’s slide hampers demand for Canadian biofuel
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

Canola crush margins hit best levels in months
CNS Canada –– Canola crush margins have improved considerably over the past few weeks, hitting levels not seen in over six months, as vegetable oil prices rose and the Canadian dollar dropped. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing canola, with exchange rates

Global markets: Japan, Germany cut economic forecasts
CNS Canada –– The following is a glance at the news moving markets globally. JAPAN CUTS INDUSTRIAL PRODUCTION, ECONOMIC OUTLOOK – The Japanese government downgraded its assessment of industrial production and identified some areas of weakness in a monthly government report released on Wednesday. The reduced forecast for industrial production is due to weaker demand

Editorial: The green world’s breadbasket?
Jeff Rubin, the former chief economist for CIBC World Markets turned bestselling author, knows all about adaptation. His first book, Why Your World Is About To Get A Whole Lot Smaller grabbed international attention with predictions that world oil prices would climb to more than $200 a barrel by 2012, forcing a rethink of almost
With roots going back to 1925, each weekly issue of the Manitoba Co-operator contains production, marketing and policy news selected for relevance to crops and livestock producers in Manitoba.