The news is full of stories about falling oil prices. While energy is a key component of the economy, high and low prices simply switch economic incentives.The news is full of stories about falling oil prices. According to various wire and news reports:
American motorists are saving $630 million on gasoline compared with what they paid at June prices, and they would receive a $230 billion windfall if prices were to stay this low for a year. – Washington Post Oil prices in North Dakota are below $50 – Bloomberg (This, we note, is tight light oil for which there is limited refining capacity. It is trading at a discount to West Texas Intermediate crude, which itself trades at a discount to the international standard, Brent Sea crude.) Oil...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
