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"Oil prices this morning have plummeted down to about $75 a barrel the lowest level since Russia's invasion of Ukraine back in February that has pushed gasoline and diesel prices down," said Patrick DeHaan with GasBuddy.  He added fuel prices have tumbled considerably over the past couple of weeks, resulting in relief at the local station.  He said ther...

Oil prices fell on Monday, paring gains after rising to more than two-month highs, on mixed signals over China, the world's top crude importer, potentially relaxing its strict COVID-19 restrictions.  West Texas crude dropped to $91 per barrel at Monday’s close, after jumping up to over $93 at one point Monday; the highest West Texas price we’ve seen since August 30th.   Prices climb...

Oil prices have held fairly steady over the past couple of weeks.  West Texas Crude was down slightly to $85 per barrel in Monday’s trade.  But, despite the last of movement, fuel prices had been steadily dropping since early October.   So, why the disc...

It’s safe to say when it comes to oil prices, 2022, has been anything by a typical year.  After a summer filled with volatility and fuel prices that rocketed up to levels we've never seen before, Patrick DeHaan with GasBuddy said thing have calmed down relatively speaking.  West Texas Cr...

U.S. grains in all forms, better known as GIAF, exports for the 2021-2022 marketing year topped 122 million metric tons, the second-highest total on record, just behind 2020-2021's 129 million metric tons.  The U.S. Grains Council analyzed USDA data to find near-record exports of ethanol helped offset losses from corn, barley, and barley products.  Mexico ...

Changes are coming to the JR Simplot Company.  The Boise-based company announced Monday it will merge a pair of divisions into one, along with making leadership changes as well.  Company officials announced it would merge Simplot Australia with the Simplot Food Group forming a new group: Simplot Global Foods.  The business will...

Smithfield Foods has agreed to pay $75 million to settle a price-fixing lawsuit.  Reuters said consumers accused the meat producer and several competitors of conspiring to inflate prices in the U.S. pork market by limiting supply.   Smithfield spokesman Jim Monroe said the company denied liability in settling, and that the accord reduces the distraction, risk, and cost of protracted litigation.  “

Between drought and input costs, the beef industry nationwide is facing a variety of challenges.  The University of Idaho’s Phil Bass noted following the slowdowns from the pandemic, larger packing facilities are running at or near capacity which is good news moving product out to customers.  But when it c...

Fuel prices have done something this week we haven’t seen since early June; they moved higher.  According to GasBuddy, the national average for a gallon of gasoline inched up over three cents per gallon.  This comes as West Texas Crude traded in the mid $70 per barrel range Monday.   So, why the disc...

The value of all U.S. exports has grown at an average annual rate of 6% since 2002 and reached a record high of $1.4 trillion in fiscal year 2021.  The USDA said while the bulk of U.S. exports consists of industrial supplies and capital goods, agriculture’s share of total U.S. exports has ...