Great Deals on Oil, Plus How Railroad Closures & Restrictions Are Impacting Global Grain Markets

Grain prices closed the month of November generally higher as colder weather and transportation issues in the U.S. helped prices maintain an elevated level. While most Americans were putting the turkey in the oven, OPEC, the cartel of major oil-producing nations like Saudi Arabia, declined to ease their production from the current 30 million barrels-per-day. As a result, the currencies of major oil-exporting countries like Canada, Norway, and Russia all dropped against the U.S. dollar. This is because, with oil supply set to remain greater than demand, lower oil prices are realized, and the same amount of oil previously shipped…

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