Natural gas rig counts stabilizing

October’s early start to winter saw subfreezing temperatures and snow across the upper Midwest. Prices for natural gas have been trading sideways in the $3.00 to $3.30 range despite all lingering uncertainty due to COVID-19 recovery. EIA’s natural gas stocks report saw its first [...]

Record world wheat supplies may impact export values

In the May WASDE, new-crop wheat production forecasts for the U.S. and EU were both slightly down from 2019/20. However, USDA forecasted 2020/21 world wheat production at a record 768.5 MMT (28.2 billion bushels), supported by sizeable crops in Australia, Canada, and Russia, and [...]

Oil prices slide as OPEC wrestles with production cuts

Oil prices have dropped by more than 20 percent since the start of this year and are retesting lows not seen since December 2018. Crude sunk to new contract lows in February, reaching beyond one-year lows on concerns of slower global economic growth, pressured [...]

Black sea a winner due to trade disputes

As the U.S. continues with several trade disputes, countries such as Russia and Ukraine seem to be benefiting from increased trade. The Black Sea’s international wheat trade share increased to 37 percent during 2017/18, more than the U.S. and Canada combined, according to Reuters. [...]

Chinese rapeseed meal imports double

As trade tension between the U.S. and China worsens, China seems to be finding different products to substitute for U.S. soybeans. Total imports of Canadian rapeseed meal during March were 107,719 metric tons (MT), 122 percent above the same month last year. Imports of [...]