Commodities

Farmers and ranchers across Kansas are wrapping a growing season marked by rapidly changing fortunes buffeted by weather and markets.

Shares were mixed in Asia on Friday with most markets in the region and across the globe closed for Christmas holidays.

Asian markets were mostly higher Monday after the Fed's pledge not to rush to raise interest rates prompted investors to add risky assets ahead of the year-end holiday.

Consumers will likely see a modest uptick in beef prices at the grocery store next year, though most of the significant increases have already happened, a cattle market analyst said Thursday.

A decision by OPEC not to cut oil production is hammering major energy companies in the U.S. and abroad.

Turkey production is at its lowest level in nearly three decades and wholesale prices are at an all-time high, but Thanksgiving cooks probably won't see much difference in the price they pay at the stores for their frozen birds.

A Purdue University agricultural economist says Thanksgiving food shoppers will find adequate supplies of turkeys but possibly at higher prices, depending on the type and whether grocers pass increases on to customers.

The Energy Department now predicts the average price of gasoline will be below $3 a gallon in 2015.

A virus that killed millions of baby pigs in the last year and led to higher pork prices has waned thanks to warmer weather and farmers' efforts to sterilize their operations.

Sitting under a tent at an annual agricultural equipment sales event, Shawn Berry noted that orders for the machinery he sells have dramatically slowed down this year — so much so that the Ohio-based company he represents could end up to 30 percent short in sales compared to last year in some states, South Dakota and Minnesota included.

Farmers will produce a record-breaking corn harvest this year, surpassing earlier expectations of the U.S. Department of Agriculture, which has revised upward its estimate of this year's corn harvest to 14 billion bushels.

The price of oil slipped below $102 a barrel on Friday, falling for a second day after spiking on lower U.S. inventories and tensions in the Ukraine and the Middle East.

The price of oil rose more than a $1 for the third time in the last four trading days, and closed above $104 for the first time since July 3.

The price of oil continued to climb on Friday, reaching nearly $104 a barrel on concerns that the tensions over Ukraine and new sanctions against Russia could disrupt global supplies.

The price of oil rose 2 percent Thursday on lower U.S. inventories and concerns that geopolitical tensions could disrupt global supplies.

The price of oil rose above $102 per barrel Thursday after a U.S. inventories report showed a larger-than-expected drop in crude oil supplies.

Oil prices rose Wednesday after China reported a slight improvement in economic growth for the second quarter that allayed fears its slowdown was continuing.

Data showing the U.S. economy grew more slowly than economists expected during the first three months of the year pushed oil prices mildly lower Friday.

Grain prices continue their descent amid the best growing conditions since 1994, which is actually putting upward pressure on cattle prices. 

T. Boone Pickens says he is not worried about the impact of China and Greece on oil.