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Stories tagged with: oil

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Diesel prices surge amid oil production cuts

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U.S. diesel prices have soared back above the $4 per gallon mark and an ag economist says farmers have some decisions to make. Greg McBride, Director of Brokerage with Allendale, tells Brownfield prices have risen more than 30-cents per gallon since the last week... Read More.

Biofuels expected to ride oil demand higher

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A new global forecast of oil demand indicates growth for biofuels in the next decade. Troy Bredenkamp with the Renewable Fuels Association tells Brownfield the report from the International Energy Agency suggests ethanol and biodiesel will provide 10 percent of new liquid fuel supplies... Read More.

Soybeans up, following soybean oil

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Soybeans were higher on commercial and technical buying, padding the weekly gains. The big influence is the strength in soybean oil, which was supported by demand expectations ahead of the RFS update. The USDA raised old and new crop U.S. ending stocks, while... Read More.

Specialty soybean expands markets for oil demand.

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High oleic soybeans have created a new market for U.S. soy farmers because it offers end users a more functional U.S. grown product without sacrificing yield. In this episode, learn how checkoff dollars are helping increase demand from restaurants and food manufacturers and helping farmers.

Plus 50 engine oil

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Parts marketing specialist Phil Lauer says John Deere offers its own brand of engine oil called Plus-50 II. He tells Brownfield it’s designed specifically for heavy-duty diesel engines but also works in gasoline engines, so farmers can use it in their combines, tractors, Chevy trucks,... Read More.