Squeezed supply, improved Chinese demand and the global energy transition will keep commodity prices elevated in 2024, before falling the following year, forecasted British banking group HSBC today.
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Tag Archives natural gas
Commodity prices to remain high in 2024, drop in 2025 – HSBC
Most agricultural products expected to outperform energy, industrial metals amid supply constraints, dry weather
Adjournments put off ag bills to September at earliest
Farm fuel, supply management, produce trust bills on hold
Federal private members’ bills with potential significant weight for Canada’s grain, livestock, dairy, poultry, egg, fruit and vegetable producers are now on hold until mid-September at least. Members of the House of Commons voted June 21 to adjourn until Sept. 18, while the Senate did likewise June 22, to return Sept. 19. While the two […] Read more
Carbon price exemption for farm gas clears Commons
Bill C-234 next headed to Senate
Legislative amendments that would exempt farmers’ eligible purchases of natural gas and propane from federal carbon pricing are now en route to Canada’s Senate. Bill C-234, a private member’s bill sponsored by Ben Lobb, the Conservative MP for the southern Ontario riding of Huron-Bruce, passed third reading for adoption in the House of Commons on […] Read more
New biodigester project aims to use corn stover
Three on-farm digesters are part of a project from B.C. and Ontario investors
An Ontario project aims to use corn stover to feed biodigesters, forming a new market and use for corn stalks. EverGen, a British Columbia-based renewable energy company, has committed $1.5 million to help kickstart three southern Ontario on-farm biodigesters as part of a recently announced partnership deal called Project Radius. Why it matters: Farms who […] Read more
On-farm biodigester helps fuel garbage truck
Pilot project touted as a carbon-neutral ‘circular economy’
In practical terms, it’s a paper transaction. But a new pilot project spearheaded by Enbridge Gas and the Bluewater Recycling Association (BRA) to run a garbage truck exclusively on renewable natural gas (RNG) from a methane digester on a southwestern Ontario dairy farm is being touted as a glimpse into a carbon-neutral, circular-economy future. Why […] Read more
Fuel prices may remain high beyond Russian invasion, expert says
MarketsFarm — The decision by the U.S. to halt the import of Russian petroleum products due to the country’s invasion of Ukraine created sticker shock at the pumps in North America — but an end to that invasion would not necessarily mean an end to high fuel prices. On March 15, the average price of […] Read more
Vilsack hopes fertilizer firms don’t take advantage of Ukraine crisis
Washington | Reuters — U.S. Agriculture Secretary Tom Vilsack said Thursday he hoped fertilizer and agriculture supply companies affected by the Russian invasion of Ukraine would not take unfair advantage of the situation, amid already-high fertilizer and crop prices. Fertilizer costs have soared due to rising demand and lower supply as record natural gas and […] Read more
Fertilizer prices to remain high for now
MarketsFarm — There are two factors to consider when it comes to fertilizer. One is the cost as it’s to remain quite expensive at least through the first quarter of 2022, according to Chris Lawson, head of fertilizers for the CRU Group. The other is its availability, said Todd Lewis, president of the Agricultural Producers […] Read more
Turning on-farm renewable natural gas into a reality
Stanton Bros. set to become first agricultural supplier into Ontario grid
An Ilderton-area dairy farm is set to become the first agricultural contributor to Ontario’s natural gas grid, with only minor steps remaining to connect to the pipeline passing along the front property line. “We’re very close. Our end of the project is complete. We’ve got gas flowing to the road,” said Murray Logan of Rural […] Read more
‘Perfect storm’ causes fertilizer price spikes
'Most of us are in a "wait-and-see" position'
MarketsFarm — Fertilizer prices have increased over the past year, but could be headed even higher as a recent confluence of events has caused a shortage — the effects of which may affect producers past the New Year. “Particularly, in the last few weeks, there have been a number of supply events which have really […] Read more
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