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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 ...

FUTURES FILE

The ties that bind Chinese President Xi Jinping is wrapping up his first visit to the U.S. in six years in what has been described as a productive week for U.S.-Chinese relations. President Xi and President Biden met in San Francisco, both privately and publicly, while attending the Asia Pacific Economic Cooperation (APEC) annual summit. The meeting results are open to interpretation, but both the U.S. and China came away with a message of wanting friendship, not war between the two nations. Tensions have been high between the two due to increasingly isolating policies that only ...

ND Farm Bureau elects officers

FARGO — Daryl Lies of Douglas was reappointed North Dakota Farm Bureau president for a two-year term at the organization’s 81st annual meeting in Fargo. Lies was elected as the NDFB District 6 director in 2013 and as NDFB president in 2015. Lies and his wife, Kim, operate a diversified farm with an emphasis in show animals. Their ventures include hogs, sheep and goats, and Lies also is associated with Full Flavor Farms and Daryl’s Racing Pigs. In addition, he hosts a radio show. Val Wagner from Monango secured the position of vice president for a similar term. Wagner and her ...

Building Permits

CIty of Minot October building permits – Four Seasons Construction, 2613 Granite Dr. NW, single-family residence, $152,319. – Four Seasons Construction, 2617 Granite Dr. NW, single-family residence, $171,111. – Four Seasons Construction, 57 Olive Tree Circle NE, single-family residence, $192,331. – Premier Holdings, Four Seasons Construction, 2509 Granite Dr. NW and 2513 Granite Dr. NW, twin homes, each $124,628. – Ready Rentals, Four Seasons Construction, 2517 Granite Dr. NW and 2521 Granite Dr. NW, twin homes, each $124,628. – Four Seasons Construction, 2621 ...

FUTURES FILE

Cattle futures crunched On Wednesday January Feeder cattle futures posted a new low for the move sinking to $227.425/cwt before rallying back and closing positive on the day at $232.775/cwt. A spike lower with a higher close like this can lead one to think a short-term bullish development, in an otherwise bearish market, is in the works where a nearby low has now been established. That was not the case. January Feeders blew through Wednesday’s lows the next day closing at $224.925/cwt, down $7.85/cwt on the day. January Feeders are now roughly $44/cwt off the highs from ...