Author Archive

For blighted soybeans, a little rain goes a long way

Reuters: Two inches of rain over the next two weeks is all that the soybean crop needs to ensure that millions of tiny pink flowers now budding at a near-record pace mature into the small green pods that will help feed the world. As scattered rain in the north and east of the farm belt this week brought the first significant relief to this summer's drought, the worst in 56 years, agronomists said even a small amount of moisture will help the soybean crop avoid the fate facing corn, which has been decimated...

Enbridge U.S. oil line to be shut for four more days

Reuters: A key segment of Enbridge Inc's oil pipeline system in the U.S. Midwest will remain shut down for up to four more days after a deadly vehicle accident in Illinois caused an oil leak and fire, likely squeezing supplies for refiners in the region, the company said on Sunday. The shutdown of Enbridge's 318,000 barrel a day Line 14/64, part of a network that carries oil produced in Canada to Griffith, Indiana, from Superior, Wisconsin, is also expected to pressure already-weak prices for Canadian...

Enbridge says no timeline for pipeline restart

Reuters: Enbridge Inc said on Sunday a key segment of its oil pipeline system in the U.S. Midwest will remain shut down for up to four more days after a deadly vehicle accident in Illinois caused an oil leak and fire, likely squeezing supplies for refiners in the region. The shutdown of Enbridge's 318,000 barrel a day Line 14/64, which extends to Griffith, Indiana, from Superior, Wisconsin, is also expected to pressure already-weak prices for Canadian crude this week as supplies back up in Alberta, market...