kazakhstan

After weeks of speculation, OPEC made it official this weekend, announcing they will restore oil production at a faster clip than expected.  Patrick DeHaan with Gasbuddy.com said the increased production will start in June.   “Raising production by over 400,000 barrels a day," DeHaan noted.  "OPEC has really b...

After months of turbulence, oil prices have been relatively quiet over the past week-plus, hovering around the low-$60 per barrel mark for West Texas Crude, and mid-$60s for Brent.  Patrick DeHaan with Gasbuddy.com says for the first time in months, tariffs and trade are not the issues impacting oil and fuel prices.  He said...

Despite lower U.S. wheat production forecasted this month, the world is still expected to grow a record wheat crop this new marketing year.   “We raised our production forecast by 2.1 million tons this month.  So now we're looking at 798.3 million tons ...

USDA’s March crop production reports and supply and demand estimates showed minor changes this week.  The U.S. orange production forecast rose slightly month over month, yet will still be down 25% year over year.    Turning to domestic commodity balance sheets, an upward adjustment in ending stocks for corn led to a decrease of 10 cents to the season ending average price, now at $6.60 a bushel. 

Oil prices continue to move higher as investors nervously watch a variety of international hot spots, led by Russia and Ukraine. West Texas Crude was trading in the upper $80-per barrel range in Monday’s action. Patrick DeHaan with GasBuddy was while geopolitical issues in the United Arab Emirates and Kazakhstan are concerning, one area is drawing most of the concern. ...

Oil prices are moving higher, and for the first time since late 2019, prices are not being dictated by the coronavirus. West Texas Crude was trading in the $88 a barrel range in Monday’s action. Patrick DeHaan with GasBuddy said from Russia and Ukraine, to Kazakhstan as well as Libya, investors have a lot to digest. ...

Last week, oil prices were trading at some of the highest levels since 2014. But this week, those prices are dropping. In Monday’s action, West Texas Crude was trading around $82.90 per barrel, a drop of $2.25 from Friday’s level. It’s not ...

Oil prices traded higher in early Monday action, but when it was all said and done, eventually closed slightly lower. West Texas Crude closed 1% lower, primarily on the unrest in oil producing countries, such as Kazakhstan and Libya. Patrick DeHaan with GasBuddy said oil and gas demand is bearish this time of year, especially with the holidays behind us, meaning what’s happening in oil producing

Mother Nature is wreaking havoc for wheat growers, not just in the U.S., but overseas as well. In all the areas where production was lowered, specifically the Unites States, Canada, Kazakhstan, it's reflecting drought conditions.," noted World Outlook Board Chair Mark Jekanowski ...

For wheat growers in the United States and Russia, there are more similarities than differences, beyond the fact that both counties grow winter and spring wheat. World Agricultural Outlook Board Chair, Mark Jekanowski, said as in the U.S., both of Russia's wheat crops have been experiencing differing weather conditions ...