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Tag Archives crude oil — page 10

(Dave Bedard photo)
Machinery, Markets

Diesel prices expected to trend lower

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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 of the year. The drop […] Read more
Smoke rises from the site of burning railcars at a CP derailment near Guernsey, Sask., on Feb. 6, 2020. (Photo: Reuters/Nayan Sthankiya)
Crops, Machinery

Garneau re-adjusts train speed limits

New limits in place for 'key trains' with dangerous goods

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Having cut speed limits for trains hauling dangerous goods following a fiery derailment earlier this month, federal Transport Minister Marc Garneau is adjusting those limits for a “more targeted” approach. Garneau announced Sunday he has pulled his Feb. 6 ministerial order on speed limits and replaced it with a new one affecting so-called “key trains” […] Read more
Smoke rises from the site of burning railcars at a CP derailment near Guernsey, Sask., on Feb. 6, 2020. (Photo: Reuters/Nayan Sthankiya)
Crops, Machinery

Canada to cut speed limits for trains hauling dangerous goods

New curb follows another Saskatchewan crash, fire

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Ottawa/Winnipeg | Reuters — The federal government said Thursday it would impose temporary speed limits on trains hauling dangerous goods after a Canadian Pacific Railway (CP) crude oil train derailed and caught fire. The accident, which happened in the early hours of Thursday near Guernsey, Sask., about 40 km south of Humboldt, was the second […] Read more
CBOT December 2019 corn with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Crops, Markets

CBOT weekly outlook: Corn, soy steady, watching harvest

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MarketsFarm — Chicago Board of Trade soybean and corn futures moved off of nearby lows and generally trended higher following the U.S. Department of Agriculture’s supply/demand data released Thursday. However, attention has shifted to the looming harvest, with rangebound activity expected barring a fresh outside influence. “For this market to really move up, it will […] Read more
CBOT December 2019 corn, with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn sinks on weather, retreating crude oil

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Chicago | Reuters — U.S. corn futures fell on Tuesday for the first time in four sessions on better-than-expected U.S. crop conditions and as crude oil prices, which fuelled the prior session’s rally, retreated. Soybeans also declined, despite the announcement of more sales to top importer China, as forecasts for continued warm weather across much […] Read more
U.S. grains: Corn firms as oil rally offsets Midwest weather
Crops, Markets

U.S. grains: Corn firms as oil rally offsets Midwest weather

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Chicago | Reuters — U.S. corn and soybean futures rose on Monday as support from surging crude oil prices more than offset pressure from favourable weather for late-developing crops. Signs of easing U.S.-China trade tensions also buoyed the market after confirmation on Monday of more Chinese purchases of U.S. soybeans that triggered a rally last […] Read more
(Dave Bedard photo)
Machinery, Markets

Oil sanctions on Venezuela could benefit Canada

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How Canada benefits from the oil sanctions the United States plans to place on Venezuela is contingent on the country’s ability to move its Western Canadian Select crude oil to U.S. refineries, said two oil industry experts. As part of an effort to effect regime change in Venezuela, U.S. President Donald Trump announced this week […] Read more

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