EU Power Set for Biggest Gain in 10 Months on Sanctions
By Marek Strzelecki, Jesper Starn and Julia Mengewein Jul 31, 2014 8:37 AM PT European power prices for next year are headed for the biggest monthly gains since September amid concern sanctions against Russia will boost the cost of coal and gas, raising production costs at utilities. The German 2015 contract, Europe’s benchmark, climbed 2.8 percent in July, […]
Canada’s Record Rains Cut Wheat Acreage to Three-Year Low
Source: Bloomberg, By Jen Skerritt Jul 23, 2014 9:08 AM PT For the first time in 47 years of farming, Giles Norek got 10 inches (25 centimeters) of rain within 48 hours on his Saskatchewan crops. Half of his 12,000 wheat acres were flooded by the late-June deluge, and the plants that weren’t killed are struggling […]