By John DePutter & Dave Milne – April 22, 2020
The News:
“US oil benchmark crashes below $0/barrel to mark historic plunge.”
–Market Watch, April 20, 2020
Tagged: crude oil
The News & What it Means – Crude Oil Fall has Far-Reaching Implications for Corn
By John DePutter & Dave Milne – March 24, 2020
The News:
“US ethanol producers are on track to shut about 2 billion gallons of annualized output by the end of this week.”
Reuters, March 23, 2020
The News & What it Means – Falling oil prices have repercussions for agriculture
By John DePutter & Dave Milne – February 5, 2020
The News:
“A barrel of West Texas Intermediate briefly traded as low as US$49.92 a barrel on Monday morning, the lowest level on record for the North American oil benchmark in more than a year.“
CBC News, February 3, 2020
The News & What it Means – Pessimism in the Soybean Markets & Tumbling Oil Prices
By John DePutter & Dave Milne – May 5, 2017
The news:
With big crops being harvested in South America and U.S. planted area set to increase dramatically, American producers have become decidedly more downbeat on soybean price prospects.
The News and What it Means – Surprising South American Corn Forecast & Implications of Crude Price Drop
By John DePutter and Dave Milne – March 13, 2017
The News
USDA raises its forecast for 2016-17 Brazilian corn output by 5 million tonnes from last month, to a whopping 91.5 million. Argentina’s crop is revised up 1 million from last month to 37.5 million tonnes. That’s a new record high for the two countries, up 34.3% from a year earlier.
—USDA monthly global crop update, released Thursday.