Reading Time: 2 minutes 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
Diesel prices to start edging up in 2017
U.S. grains: Soy falls on position squaring
Reading Time: 2 minutes 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
U.S. grains: Soy snaps winning streak
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell 1.2 per cent on Tuesday, pulling back from a 4-1/2 month high on a round of profit-taking, as well as pressure from falling crude oil prices. Corn and wheat futures also fell, their fourth straight losing session due to pressure from ample global supplies. Multiple Chicago Board […] Read more
Baltic Dry Index hits highest levels in nearly two years
Reading Time: < 1 minute CNS Canada — The Baltic Dry Index has posted sharp gains over the past month, rising to its highest levels in nearly two years. The BDI settled at 1,257 points on Friday, having gained roughly 400 points over the past two weeks. The index was last this high in November 2014, and has shown steady […] Read more
U.S. grains: Corn and wheat up as crude oil soars
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat prices each rose more than one per cent on Tuesday as strength in crude oil helped the broader commodities sector rebound from sharp declines a day earlier, analysts said. Soybean futures were modestly higher, supported by bullish monthly U.S. crushing data. Chicago Board of Trade December corn […] Read more
U.S. grains: Corn, soy, wheat retreat as U.S. dollar strengthens
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures fell on Thursday, retreating from early advances as gains in the U.S. dollar and a setback in crude oil triggered broad-based selling in commodities, analysts said. At the Chicago Board of Trade, December corn settled down 6-1/2 cents at $3.51 per bushel (all figures US$). […] Read more
CP trims outlook on delayed Prairie harvest
Reading Time: 2 minutes Rain delays in this year’s Prairie grain harvest have bit into third-quarter revenues and earnings expectations for Canadian Pacific Railway (CP). The Calgary company on Wednesday booked overall net income of $347 million on revenues of $1.554 billion for its quarter ending Sept. 30. While net income was up seven per cent, total revenues were […] Read more
U.S. grains: Soybeans and corn firm, led by crude oil
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Wednesday on technical buying, export demand and spillover strength from crude oil, analysts said. Corn tracked soybeans higher while wheat settled modestly firmer after a choppy session. At the Chicago Board of Trade, November soybeans settled up nine cents at $9.81-1/2 a bushel (all figures US$). […] Read more
OPEC announcement could boost ag markets, maybe
Reading Time: 2 minutes CNS Canada — The bearish malaise that has gripped the North American agricultural market shows no sign of breaking soon, and it could take a major disruption, say such as a hike in oil prices, to lead the way higher, according to some industry watchers. “Let’s say we go to US$55 (per barrel). That would […] Read more
Diesel prices look to settle in for fall, early winter
Reading Time: 2 minutes CNS Canada — Canadian diesel prices appear to be settling in for a relatively uneventful autumn, according to an industry watcher. “Unless we get a vortex kind of winter, when a lot of diesel is used for heating purposes, I think it’s another cheap autumn-winter scenario shaping up,” said Tom Kloza of the Oil Price […] Read more
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