Insights and Stories on Crude Oil

Mar. 10, 2020 at 6:17 pm CDT

Chicago | Reuters — U.S. soybean and corn futures each rose for the first time in four sessions on Tuesday as expectations of policy action to curb economic fallout from the coronavirus outbreak helped financial markets regain ground after a day-earlier drubbing. Wheat futures also closed higher in technical moves […]

By Julie Ingwersen

Mar. 9, 2020 at 6:14 pm CDT

Chicago | Reuters — U.S. live cattle futures fell on Monday for a third straight session and hit life-of-contract lows following a plunge in crude oil and equity markets amid fears of a global recession, traders said. “When you have the stock market losing five to seven per cent of […]

By Julie Ingwersen

Mar. 9, 2020 at 5:22 pm CDT

Chicago | Reuters — U.S. soybean futures fell more than two per cent on Monday and corn fell nearly one per cent as concern over the economic fallout from the coronavirus and a crash in crude oil prices pushed equities and other commodities sharply lower. Wheat futures on the Chicago […]

By Julie Ingwersen

Mar. 9, 2020 at 3:20 pm CDT

MarketsFarm — Benchmark crude oil prices plummeted 30 per cent on Monday, after a price war erupted between Saudi Arabia and Russia. While that will mean lower prices at the pumps for consumers, the price war will not bode well for the Canadian economy, according to a pair of industry […]

By Glen Hallick - MarketsFarm

Mar. 6, 2020 at 7:04 pm CST

MarketsFarm — Canadian producers may enjoy a lower diesel bill during spring seeding, as reductions in demand have weighed on diesel prices across North America. Patrick DeHaan, head of petroleum analysis for GasBuddy, said retail diesel prices are down by about 10 to 15 cents per litre since the beginning […]

By Marlo Glass – MarketsFarm