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Ag & Energy Report 5.19.17

By Clip Syndicate
Ag & Energy Report 5.19.17 Video: Ag & Energy Report 5.19.17
Ag & Energy Report 5.19.17 Fri, 19 May 2017 12:26:55 +0000 Ag & Energy Report 5.19.17 Ag & Energy Report 5.19.17 KARD reporting) exxon mobil it will open its first mobil station in central mexico during the second half of 2017. the country decided to end its long-running oil monopoly in 2013, opening the door to foreign investors. mexico is a tricky place to be in the gasoline business. mexico's government, which controls gas prices, raised them 20% overnight in january because of the falling value of the peso. the move sparked violent protests. president trump gave formal notice that he will renogiate nafta, the free trade deal between the us, canada and mexico. agriculture will likely feature prominently in any discussions. agriculture dot com says the primary goal is to improve the 23-year old trade pact to include things like protections for digital trade and intellectual property rights, but many farm groups are concerned about protecting the trade advantages they have gained under nafta. butterball, known for turkeys, is exiting its pork business. 600 workers will lose their jobs when the shuts down an illinois facility in illinois. the company it will focus on turkey instead. gasbuddy, a free smartphone app, recently analyzed three years' worth of fuel price data to determine the best and worst days of the week to buy gas. monday was the best day to fill up the tank, thursday the worst. to put the amount of savings into perspective: if every u.s. motorist bought gasoline on thursday for an entire year, they'd collectively spend an extra $1.1 billion versus filling up on monday. from the nasdaq marketsite in times square, i'm jane king with your ag and energy report (michelle)

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