Tag Archives: region
Hurricane Irene puts pressure on Gasoline prices
Gasoline prices shot up 3.3 percent during trading this week on concern that Hurricane Irene will hit refineries located on the East Coast of the United States. The region currently produces 1.21 million barrels of gasoline per day from 10 …
Australia to become the second largest producer of Wheat
The European Union might be overtaken as the world’s second largest wheat producer by Australia following the countries eight-year high cargo shipment which has eased a grain shortage in the global markets.
According to a survey by Bloomberg of eight …
Wheat prices jump as forecast point to more dry weather in Great Plains
Fear of more dry weather in the southern Great Plains lead to Wheat futures rising again today as traders speculated that U.S. production of the crop with be hindered by the lack of rain in the growing region.
The National …
Corn, Wheat and Soybean prices drop as forecast calls for rain in Midwest
Corn, Soybean & Wheat futures all fell in Chicago as rains across the Midwest region eased shortage fears caused by a drought that has stricken the area.
According to forecasts the western Midwest will see continued showers over the next …
Texas officially in 2nd worst drought on record
Victor Murphy, climatologist at the National Weather Service, announced today that Texas is now officially going through the second-worst drought on record.
The current drought is second only to the one that hit the region between 1950-1957 but it has …
Wheat prices falls after Russia dumps wheat on export market
Wheat prices fell again on thursday after fear grew that importers would favor Russian grain which is cheaper than US grain, leading to reduced demand for US wheat exports.
The biggest sign came after Egypt, which is the world’s largest …
