Crude Values Skyrocket
Crude oil has topped the $100 per barrel mark due to the conflict in the Persian Gulf. Futures traded as high as $119.48 for the April contract.
Articles tagged under: crude oil
What’s Hot What’s Not in the Markets
In this week’s What’s Hot, What’s Not in the Markets, Martinson Ag Risk Management President Randy Martinson breaks down the biggest movers in the commodity markets. Crude oil is leading the rally, surging sharply higher and helping lift grain markets,…
Energy and Ag Key in U.S.-China Talks
Trade negotiations between the United States and China could include several major energy and agriculture issues ahead of a potential summit between President Donald Trump and Chinese President Xi Jinping. U.S. officials are reportedly considering asking China to reduce purchases…
Trump Administration Pushes for Biofuels Policy Consensus
The Trump administration is urging oil and biofuel producers to collaborate on future U.S. biofuels policy to avoid past political conflicts over the Renewable Fuel Standard. Disputes over blending volumes and small refinery exemptions have long divided the industries. Recent…
Trading in Turbulent Times
The Hamas surprise weekend attack on Israel has given oil prices a boost. The war does not have a direct impact on grain markets, but any escalation of war would have a significant effect on crude oil prices. With corn…
Crude Prices Reach Ten-Month High
Crude oil prices have topped $90 per barrel, which is a ten-month high. Advance Trading Risk Management Advisor Tommy Grisafi said there is some positive news for the farmer with the high energy prices. "For the average consumer, it stinks,"…
Surging Oil Demand
The International Energy Agency is forecasting record oil demand this year. This demand is linked to China reopening its economy following COVID-related shutdowns. The IEA expects oil demand to total 1.9 million barrels per day. That’s up nearly 200,000 barrels…
$100 Crude Likely
A Brazilian investment bank, BTG, is forecasting crude oil prices to push back over $100 per barrel. Demand will increase with China easing its COVID-related lockdowns and strong U.S. activity. BTG says it won’t be easy to increase oil supplies…
Crude Market
Crude oil prices have been active. With the United States likely transitioning into a recession, global oil demand is expected to remain cautious. China is also easing its stringent COVID-19 policies, which should increase demand. The OPEC nations kept their…
Agriculture Squeezed by Fuel Costs
Diesel prices are more than twice the level paid before 2020. American Farm Bureau Federation Economist Shelby Myers says supply and demand are playing catch-up after world disruptions. "What makes this situation more difficult this year is that the U.S.…
