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The oil market was largely unimpressed by the OPEC+ recent promise of higher output.
Comment, Op/Ed, Other

Comment: Talk doesn’t equal oil production action

OPEC+ words contrast with Saudi action of raising oil prices

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Reuters – The gap between what is said in crude oil markets and what actually happens in the physical trading world has been illustrated by a commitment by the OPEC+ group to boost output being followed by its top member, Saudi Arabia, raising prices.  Producer group OPEC+ said after meeting in early June it would
Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: Corn values stabilize

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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,
(Strickke/E+/Getty Images)

Federal carbon tax rises despite opposition, pandemic

Ottawa not backing away from scheduled increases

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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
(Dave Bedard photo)
Markets, Other

Diesel prices expected to trend lower

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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
(Dave Bedard photo)
Crops, Markets

Rising diesel prices coming

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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
Beni Abbes, a village in western Algeria. (Cia.gov)
Cereals, Crops

Algeria to open farming concessions to foreigners

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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
(Dave Bedard photo)
Crops, Markets

Diesel prices poised to rise in new year

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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
(Dave Bedard photo)

Diesel prices to start edging up in 2017

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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

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