From Canada's oil for America's crops .. the most important developments in the commodity market this week
Forest fires in Canada threaten the country’s oil supplies, while drought in the United States pays the assessments of wheat and wheat crops to the levels below the usual rates. The export of US wheat and soy has also decreased. While artificial intelligence contributes to improving the accuracy of weather forecasts, weather conditions still place their challenges. On the other hand, Donald Trump’s position of electric cars is not good for the future of installing ship stations. All of these goods and the most we assess in five prominent graphs at the beginning of the current trading week, as follows: 1) Oil in Canada: Early activity of forest fires was introduced in the most prominent oil production areas in Canada, as a late freedom wave in the spring, accompanied by strong winds, which only threatened the production of the Alberta over the past week. Also read: Canada and Oil .. a great production that is under internal and external pressure. Canada is the fourth largest oil producer worldwide, and its facilities in northern Alberta often face repeated threats of thick forest fires during the spring and summer season. 2) Weather fluctuations: Reflect the fires of Canada, the drought of the UK and the most powerful agriculture maturing in Turkey for more than a decade, a climate scene with a wide variety of weather fluctuations that cannot be controlled. But advances in technology and artificial intelligence have strengthened scientists’ ability to predict these phenomena thanks to the collection and integration of larger amounts of data into weather models, as well as the development of the computer power to process it, which is a decisive element than the season of hurricanes and the intensification of summer heat approaches. 3) US crops: The initial assessments of US wheat and wheat crops in the spring have come below the last average of the past five years, due to the drought of the soil that some fields are pushing, despite the absence of severe heat waves. Traders monitor the percentage of crops classified into the ‘good’ or ‘excellent’ category. The US Department of Agriculture is expected to issue the first evaluation of the soybean crop in a report on Monday. The United States is the largest product and atomic producer, in addition to being a major source of wheat. 4) Biological Fuel: The US Department of Agriculture data shows that soybean sales from the next crop are 79% less than the last five years, while wheat sales are 36% low. The United States are also preparing to announce a plan soon to determine the amount of biofuels that have been extracted from the crops that should be mixed with fossil fuels from next year. If the decision comes to increase the amount, it can form an important outlet for farmers in light of the pressure due to global trade wars. 5) Shipping on electric cars: Analysts have reduced their expectations about the number of electric car shipping stations that will be installed in the United States this year, in light of the increase of President Donald Trump’s attack on this sector. Republican members in the House of Representatives suggested that the $ 7500 tax motivation be terminated to buy electric cars. The Bloomberg Inn Foundation reduced its expectations for the total additional shipping stations in 2025 from 360 thousand to 285 thousand, due to the drop in the car exemption standards and the $ 5 billion freezing to infrastructure financing approved by former US President Joe Biden. According to the analysis of ‘S&B Global’, the limitation of government’s support to the shipping stations will reduce investments, leading to a lack of delivery points and thus impairing the comprehensive level of adoption level of electric vehicles.