U.S. economy

Oil Prices Steady As Fuel Prices Continue To Move Lower
Oil Prices Steady As Fuel Prices Continue To Move Lower
Oil Prices Steady As Fuel Prices Continue To Move Lower
We’re starting to sound like a broken record, but oil prices really haven’t moved that much over the past week or so.  Patrick DeHaan with Gasbuddy.com said a barrel of West Texas Crude has traded in the high-$60 to low-$70 range since Thanksgiving.  And he doesn’t expe...
Economist: U.S. Ag Economy Looks Uncertain Heading Into 2025
Economist: U.S. Ag Economy Looks Uncertain Heading Into 2025
Economist: U.S. Ag Economy Looks Uncertain Heading Into 2025
To say 2024 has been challenging for farmers and the agricultural sector may be an understatement.   “It has been interesting, lots of unexpected turns and uncertainty, and it's going to set us up for even more uncertainty and surprises into 2025," noted Dave Widmar, economist and managing partner with Agricultural Economic Insights.  "It's a ...
Strike Over, But Ag Still Feeling The Impact
Strike Over, But Ag Still Feeling The Impact
Strike Over, But Ag Still Feeling The Impact
U.S. dock workers and port operators reported Thursday that they had reached a tentative deal, immediately ending the crippling three-day strike that shut down shipping on the U.S. East Coast and Gulf Coast.  American Farm Bureau Economist Danny Munch said while the strike was only three-days in length, the impact on trade has already been felt. He said ...
Price At the Pump: Oil Prices Continue To Move Back And Forth
Price At the Pump: Oil Prices Continue To Move Back And Forth
Price At the Pump: Oil Prices Continue To Move Back And Forth
To say oil prices have been volatile to start the month of August may be a bit of an understatement.  After dropping notably, oil prices rallied in the past week to nearly $80 per barrel.   “Week before last, we saw a better than expected jobless figure that added to concerns that potentially we wouldn't see the Fed cut interest rates," noted Patrick DeHaan is with GasBuddy.com.  "And th
Kenner: Numbers Don't Show Whole Story Of Trade Deficit
Kenner: Numbers Don't Show Whole Story Of Trade Deficit
Kenner: Numbers Don't Show Whole Story Of Trade Deficit
U.S. agriculture is currently running a trade deficit of almost $19 billion and growing.  And while some say this reflects a weak noncompetitive American farm sector, one expert says that doesn’t tell the whole story.   “To look at the trade balance and say it's negative, so we're being outcompeted. It's, it's really oversim...
Oil Prices Continue To Drop As Banking Concerns Spread
Oil Prices Continue To Drop As Banking Concerns Spread
Oil Prices Continue To Drop As Banking Concerns Spread
It’s been a downward week for oil prices, with prices dropping roughly $10 per barrel in the past seven days.  West Texas Crude was trading in the mid-$60 range in Monday’s action.  Patrick DeHaan with GasBuddy said last week, oil investors were concerned about the health of the U.S. economy.  He noted that conc...
DeHaan: Oil Community Watching The U.S. Economy
DeHaan: Oil Community Watching The U.S. Economy
DeHaan: Oil Community Watching The U.S. Economy
Oil prices continue to soften, not on news from China, not because of the on-going war in Ukraine, but concerns over the U.S. economy.  Patrick DeHaan with GasBuddy said investors are concerned about everything from Wall Street to Main Street.   “...
Ag Exports Supporting Over One Million Jobs
Ag Exports Supporting Over One Million Jobs
Ag Exports Supporting Over One Million Jobs
The benefits of American Ag exports to the U.S. economy far exceed the value of shipments alone. The production, processing, storage, transportation, and marketing of farm and food products headed for the export market support a large number of jobs throughout the U ...
Supply Chain Issues to Persists into 2022
Supply Chain Issues to Persists into 2022
Supply Chain Issues to Persists into 2022
A quarterly report from CoBank suggests that while the U.S. economy is still very much in the grips of the pandemic, supply chains are arguably in the most dire condition since the start of the pandemic, as lead times for manufacturing inputs recently reached record highs ...

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