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Concerns rising as U.S. oil reserves decline

Concerns rising as U.S. oil reserves decline

While still elevated, oil prices have dipped slightly, well off the high-water mark we saw back in April. Patrick DeHaan, the senior petroleum analyst with Gasbuddy.com, says there are several things helping oil prices. Oil prices are also being helped by China, which, over the past couple of months, reduced its import consumption dramatically, falling from 11 million barrels of oil a day before the war to a little over nine million barrels in April. DeHaan added that those numbers could drop...

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FFA hits a record high of one million members

FFA hits a record high of one million members

If it feels like you see more blue-corduroy jackets around these days, you’re right. The National FFA Organization recently announced that it has set a record with over one million members. The total is now 1,027,273- an 8.6 percent year-over-year increase. Kristy...

Clean Fuels Alliance partners with PepsiCo for a B100 Fleet

Clean Fuels Alliance partners with PepsiCo for a B100 Fleet

For decades we have been touting the benefits of ethanol and biodiesel. Not only is it renewable and cheaper than standard fuels, it is also better for the environment. That is why we are seeing more conversions to high blends of biofuels across the country. It adds...

Suspended dockworkers strike more reason for new farm bill

Suspended dockworkers strike more reason for new farm bill

The East and Gulf Coast dockworkers strike has been suspended until January 15th and it is yet another reason producers need a new farm bill. The International Longshoremen’s Association ordered its members back to work after their three-day work stoppage while...

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U.S. Export Sales Report (2-6-25)

U.S. Export Sales Report (2-6-25)

While the export sales were once again within the range of estimates, they are trending lower, and it will be tough for them to gain back much ground. Allendale commodity broker Greg McBride gave an update on the latest numbers from the USDA. McBride said there were...