Despite a three-year extension approved by Congress late last year, three of the nation's largest freight railroad companies said they will not meet the 2018 deadline to install new required safety systems.
Crop insurance guarantees for 2016 won't offer much financial comfort, if preliminary prices for the first week of February are any indicator. Unless that scenario changes radically in the next few weeks, expect repercussions on how much operating credit lenders are willing to finance for the most stretched operations.
Once RBOB gasoline futures broke below $1 per gallon Friday, additional pressure continued to mount. This has created widespread selling through most outside markets during early week trade, pushing ethanol prices lower Monday afternoon.
Brazil's soybean harvest picked up pace last week amid breaks in the rain in Mato Grosso and Parana. Meanwhile, an extended dry spell was broken in the southern state of Rio Grande do Sul, offering crops sustenance at a vital time.
2/8 1:56PM All three grains closed lower Monday with a new contract low seen in March K.C. wheat. Favorable crop conditions in South America along with expectations that USDA will increase ending stocks estimates in Tuesday's report kept potential buyers uninterested again.
Snow, Wind Continue Tue. in E.Midwest2/8 2:07PM Strong wind will continue in the eastern Midwest and the Southeast Tuesday. Mostly dry elsewhere. Conditions will be very cold in northern areas.
Dicamba-tolerant soybeans will be available in 2016, but growers are still waiting on the herbicide component of the technology package. (DTN photo by Pamela Smith)
China Approves DicambaNew Soybean Trait Launch2/3 8:25AM The long-awaited soybean trait with tolerance to dicamba herbicide gets a thumbs up from China.
Mon Feb 8, 2016 11:25 AM CST In this week's Crop Tech Corner, university students introduced a gene-based fungicide for a major wheat disease, researchers found a novel pathway for drought-resistant rice plants, and the GE testing debate advanced in the EU.
Thu Feb 4, 2016 01:17 PM CST More growers are turning to LibertyLink crops to combat widespread weed resistance to herbicides. Glufosinate behaves differently than glyphosate, so first-time users should be prepared to manage it accordingly.
Mon Feb 8, 2016 01:14 PM CST Burns Farms is home to the largest registered Hereford operation in the Southeast. It all started with two heifers that Phillip Burns bought for a 4-H project in 1952 from Duck River Hereford Association.
Mon Feb 8, 2016 01:27 PM CST President Barack Obama will propose a $10-per-barrel tax on oil to pay for new transit programs and research on higher-mileage vehicles when he releases his proposed 2017 budget next week to Congress. Such proposals frequently come with a vow of "dead on arrival" from congressional leaders.
Mon Feb 8, 2016 01:22 PM CST Why are we having so many cows abort?
Farm groups argue the waters of the U.S. rule will allow EPA and the Corps to demand farmers apply for permits to conduct basic farming practices because the land could have vernal pools or ditches that fill during heavy rains. (DTN/The Progressive Farmer file photo)
Obama Vetoes WOTUS BillPresident Refuses to Block Rule, Argues WOTUS is Needed for Cleaner Water1/25 8:02AM Agricultural groups have been at the forefront of efforts to block EPA and the Corps from implementing the waters of the U.S. rule, commonly called WOTUS. The rule is already under a federal court injunction blocking it from being implemented until the federal courts determine whether it is legal.
Mon Feb 1, 2016 10:54 AM CST Decades of deferred taxation and unrealized capital gains pose special problems for farm owners as they unwind assets. Land owned inside a C corporation can be one of the most costly.
Mon Feb 8, 2016 12:31 PM CST USDA's Animal Plant Health Inspection Service is looking for public input on whether to regulate genetically engineered organisms, according to a notice posted to the Federal Register this week.
Paul Pittman, CEO of Farmland Partners, the country's largest farmland real estate investment trust, remains bullish on cropland. (DTN photo by Elizabeth Williams)
Investors Still Fans of FarmlandPros Hunt for Land Deals Amid Ag's Reset 2/5 11:59AM New real estate investment trusts and other institutional owners view the steep drop in commodity prices as a buying opportunity for farmland.
Mon Jan 25, 2016 07:58 AM CST The farm equipment industry sees a largely unchanged ag business environment and can only hope the trend line will at least flatten and not continue downward in the year ahead.
Tue Jan 5, 2016 02:56 PM CST A recent IRS notice raised the threshold on what constitutes minor expenditures that can be expensed. For 2016, many farmers can now take advantage of the new $2,500 limit on repairs.
Mon Jan 18, 2016 10:38 AM CST A recent IRS notice raised the threshold on what constitutes minor expenditures that can be expensed. For 2016, many farmers can now take advantage of the new $2,500 limit on repairs.
FDA's revised Veterinary Feed Directive highlights for veterinarians the ground rules for signing off on antibiotics in livestock feed. (DTN/The Progressive Farmer file photo by Russell Graves)
Education on FDA Rules LackingLivestock Producers, Veterinarians Not Clear on Coming Antibiotic Restrictions 1/20 12:19PM The Farm Foundation is highlighting problems the group found among livestock producers and veterinarians on new FDA rules restricting the use of antibiotics in feed. The rules come into effect later this year and will limit the way farmers can use some antibiotics that are now readily available.
Tue Feb 2, 2016 03:39 PM CST There was no doubt leading into the Iowa caucuses that pro-ethanol groups were singling out Texas Sen. Ted Cruz for his positions on the RFS. Those attacks didn't resonate enough as Cruz still had 51,666 votes and won the Republican caucuses. Still, ethanol supporters said the totals of all the candidates that back ethanol outweigh Cruz's victory.
Wed Feb 3, 2016 02:24 PM CST U.S. Agriculture Secretary Tom Vilsack told reporters Wednesday it is time for Congress to fully fund a farm bill initiative to expand agriculture research and development.
Thu Feb 4, 2016 05:02 PM CST President Barack Obama will propose a $10-per-barrel tax on oil to pay for new transit programs and research on higher-mileage vehicles when he releases his proposed 2017 budget next week to Congress. Such proposals frequently come with a vow of "dead on arrival" from congressional leaders.
Sharing family legends and ethics helps bridge generational transfers. (Progressive Farmer photo by Thinkstock/Design Pics)
Woodbury: Farm Family BusinessTies that Bind2/8 12:21PM Shared values strengthen the bond between heirs and assure a longer-lasting business.
Mon Feb 8, 2016 12:24 PM CST President Barack Obama will propose a $10-per-barrel tax on oil to pay for new transit programs and research on higher-mileage vehicles when he releases his proposed 2017 budget next week to Congress. Such proposals frequently come with a vow of "dead on arrival" from congressional leaders.
Tue Feb 2, 2016 06:12 AM CST Oil dominates the economic outlook with little prospect to top $45 again, People's Company Land Expo speakers warned. A tepid economy will keep interest rates from spiking, but prospects for real estate are strong.
Mon Feb 1, 2016 10:41 AM CST As farmers try to watch their profit margin, they may need to weigh the options of buying cheaper seed with fewer traits versus getting higher yields with more expensive seed.
Gulke: A Few Positive Points2/8 11:05AM The views expressed are those of the individual author and not necessarily those of DTN, its management or employees.