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FUTURES FILE

Ropin’ the Wind GERMANY – Renewable energies will have covered almost 52% of gross electricity consumption in 2023, according to the Centre for Solar Energy and Hydrogen Research Baden-Wurttemberg. This is an increase from 46% in 2022 and the first time to see it clear 50% in total. Germany has been in the news this year with its decision to push forward on phasing out nuclear energy. The last three remaining nuclear power plants were phased out in 2023. Power generated from coal has gone up in total, along with renewables. Germany intends to have 80% of its total electricity ...

Watne reelected NDFU president

BISMARCK – Mark Watne of Velva was reelected to an 11th one-year term as North Dakota Farmers Union president by more than 500 members and voting delegates attending the organization’s 97th annual state convention Dec. 15-16 in Bismarck. “We’re going to have to be more creative and innovative than ever to take what past presidents and leaders have done to prepare this organization for future success. The only way we accomplish what we want to accomplish is by being active and the voice of family farm agriculture,” Watne told the members. In policy debate, Farmers Union ...

City of Minot November Building Permits

– Nathan and Kendra Faa, Dynamic Sawing & Coring, 908 24th Ave. NW, install egress window, $5,000. – Eagles Wings Community Fellowship, 101 16th St. SW, temporary enclosure, $5,000. – Nathan Smith Holdings, ID Builders, 600 2nd St. SE, remodel existing residence, $50,000. – Nathan Smith Holdings, ID Builders, 5213, 5215, 5225, 5227 15th Ave. SE, new twin homes, $117,000 each. – State of North Dakota, 500 W. University Ave., annual set up of air-support dome, $1,000. – David and Theresa Nelson, Groundworks Minnesota, 1220 20th St. NW, add 10 push piers to stabilize ...

FUTURESFILE

Eight is enough Chicago wheat futures were up eight days in a row coming into Friday morning. On Tuesday, Nov. 28, March Chicago wheat futures came off a low of $5.57/bushel to get to as high as $6.49/bushel earlier this week. China has been in the market recently making significant purchases, with 4 out of 5 days this week seeing flash sale announcements totaling 1.12 million metric tons. Wheat bulls took a break on Friday, deciding to take some profits, while wheat bears caught a sigh of relief as the market was lower on the day. Last Week’s Commitment of Traders report ...

FUTURESFILE: In complete control or complete loss of control?

OPEC+ members met this week and agreed to an additional 1 million barrels a day in production cuts for 2024. This goes along with an extension of Saudi Arabia’s voluntary production cut of the same amount into 2024 as well. The meeting of OPEC+ nations was originally scheduled for Nov. 26 and pushed back to Thursday as reports indicated some member nations may not have been in complete agreement with the proposed cuts. Attached heads prevailed and production cuts were agreed upon with an announcement Thursday morning that initially saw crude oil futures spike $2 plus putting in ...

Popeyes to come to Minot in early 2024

The franchise holder for a Popeyes restaurant in Minot is shooting for a late January or early February opening, with plans already taking shape for other Popeyes in North Dakota and South Dakota. Construction has been occurring along 28th Avenue Southwest in Minot, just west of ...