EIA monthlies coming out tomorrow.Ryder Cup.
JUN (reported 2 months delay) was at 10.674 million bopd. The peak oilers are predicting 10.55. I am thinking more like 10.8. But always interesting to watch (like the NDIC report).
Kavanaugh vote. 11 - 10.
OHWM: results of the ordinary high water mark study accepted by the NDIC.
The usual: active rigs, RBN Energy, wells coming off confidential list.
The usual: market; WTI; TSLA; AAPL; Bakken operators;
Hard copy letter to Senator Heitkamp (e-mail sent earlier this evening).
Relatively free day.
From a reader:
The Minnesota soybean trade group says: “Taiwanese trade officials and Minnesota business leaders Thursday signed a letter of intent to purchase more than a billion dollars of soybeans from farmers in Minnesota and Iowa over the next two years. . . . The pledged maximum value of the purchase is to be up to $1.56 billion, which equates to approximately 3.75 million acres of soybeans.”The full article is at https://mnsoybean.org/blog-msrpc/after-taiwan-trip-msrpc-notches-billion-dollar-trade-win-for-mn-farmers/.
It sounds like this is a response to the trade trouble with China. Not anything related to North Dakota, but it’s quite possible the USDA is encouraging direct food export talks with Taiwan to undermine China and of course help farmers.
I'm sure Trump's team "suggested" to Taiwan this might be a nice quid pro quo for all the military aid we give Taiwan .... and, at the same time, stick a chopstick in Premie Xi's eye. LOLSo, happy together ... how is the weather?