Articles tagged under: oil

Solid Quality for Sunflowers

Published October 16, 2024

National Sunflower Association Executive Director John Sandbakken is pleased with the early harvest progress. "We're about on pace with the five-year average, but ahead of where we were at this time last year." As for the crop quality, Sandbakken is…

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Input Costs Increase as Commodity Prices Rise

Published February 16, 2021

While commodity prices increased substantially in the past few months, AgCountry Farm Credit Services Market Education Specialist Jeff Beaudry said input costs are higher. "Many aren't aware of how much the input costs have gone up. Anhydrous went from $440…

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Small Refinery Waivers Continue to Challenge Ethanol

Published August 10, 2020

Over the past 15 years with the Renewable Fuel Standard, regulatory challenges, including small refinery waivers, have been a challenge. Renewable Fuels Association CEO Geoff Cooper says it would be insane for the Department of Energy to recommend approval for…

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Negative Oil Prices Pressure the Corn Market

Published April 21, 2020

The May crude oil contract fell to unprecedented levels on Monday, just ahead of expiration. The negative oil prices pressured the corn market. "The crude oil prices were negative at one point. That means ethanol producers are going to be…

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Declining Crude Oil Prices Set Record

Published April 20, 2020

The May crude oil futures contract was down 300 percent on Monday, settling at a negative $37.63 per barrel. This one-day drop is the first time a crude oil contract has traded negative and set a new all time low…

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Opening the U.S. Economy Could Help Corn and Oil Prices

Published April 17, 2020

Opening the U.S. economy could be a big deal for the corn and oil markets. "Getting people back driving again is huge for ethanol," said Ted Seifried, chief marketing strategist, Zaner Ag Group. "It looks like under guidelines released on…

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OPEC+ Countries Reach Deal to Reduce Oil Production

Published April 13, 2020

Russia, Saudi Arabia and other oil-producing countries have reached an agreement to cut oil production by 10 million barrels per day. This is the largest production cutback in history. North Dakota Senator John Hoeven describes this as “a welcome step”…

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Oil Prices Continue to Impact the Grain Markets

Published April 2, 2020

While fears of coronavirus are grabbing the headlines, Utterback Marketing president Bob Utterback says the drop in crude oil prices continues to impact the grain markets. "Crude oil is breaking down to technical support. If crude oil goes as low…

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Lower Fuel Demand, Oil Prices Impact U.S. Ethanol

Published March 18, 2020

Lower fuel demand and lower oil prices are impacting the U.S. ethanol industry. NDSU Extension bioenergy and bioproducts economist David Ripplinger says there’s going to be a global economic slowdown due to the coronavirus. "When we saw this in the…

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Soybean-Based Motor Oil Being Promoted

Published November 22, 2019

A new motor oil made with high oleic soybean oil is now available on Amazon. The product from Biosynthetic Technologies is derived from soybeans raised by U.S. farmers and has been tested by multiple Washington, D.C. region fleets.  The United…

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