This week in Petroluem has previously examined crude oil supply patterns on the West Coast, noting the increase in unaccounted-for supply, and then linking the increase to movements of crude by railroad. EIA’s recently launched crude-by-rail data enable a more detailed analysis of emerging crude oil supply patterns on the West Coast. The data indicate that most crude-by-rail deliveries into PADD 5 are destined for refineries in Washington state, and that despite recent delays in crude-by-rail projects in California, refineries in the San Francisco and Los Angeles areas are not entirely without access to domestic crude oil from other regions.
Traders seemingly thought Wednesday’s grain losses were overdone today. Corn and wheat futures tumbled yesterday in apparent response to forecasts for drier weather next week, with the yellow grain decline putting the market at its lowest levels since last October. Talk of firm spot quotes as farmers work fields and ignore old-crop sales seemed to spark renewed bullishness. July corn futures rallied 4.0 cents to $3.535/bushel at Thursday’s close, while December added 3.25 to $3.70.
Smithfield Foods, Inc. and Kansas City Sausage, LLC today announced construction of a $44.8 million, 90,000-square-foot, state-of-the-art sausage plant in Sampson County, N.C. The new facility is expected to be completed by June 2016.
Traders seemingly think Wednesday’s grain losses were overdone. Corn and wheat futures tumbled yesterday in apparent response to forecasts for drier weather next week, with the yellow grain drop putting the market at its lowest levels since last October. Talk of firm spot quotes as farmers work fields and ignore old crop sales seemed to spark renewed bullishness. July corn futures rose 3.0 cents to $3.525/bushel late Thursday morning, while December added 2.25 to $3.69.
Secretary of Homeland Security Jeh Johnson and Secretary of Agriculture Tom Vilsack today broke ground to officially begin construction of the National Bio- and Agro-Defense Facility (NBAF) main laboratory structure in Manhattan, Kansas.
Zoetis announces the availability of AUREOMIX S — a medicated feed additive that combines the proven safety and therapeutic strength of chlortetracycline and sulfamethazine without the use of penicillin. AUREOMIX S replaces AUREO S-P 250 and AUREOMIX Granular 500, the chlortetracycline/sulfamethazine/penicillin combinations that Zoetis voluntarily withdrew last year.