Friday will feature thunderstorms with light to moderate rain in the Northern Plains. This unsettled weather pattern will continue into the Independence Day holiday Saturday over the northern and western Plains through western Midwest. » More DTN Weather Commentary
Normal monsoon rains are behind schedule in China and India;
conditions are also dry in Ukraine.
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Don't make the mistake of dismissing the flu-pandemic talk as
meaningless hype. This flu's implications for agriculture go well beyond the
effects of its unfortunate popular name on pork producers.
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Soybean aphids could return this summer with a vengeance. Growers
should scout through early July to see if aphid numbers require treatment.
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Recent tax changes give farmers great flexibility for reporting farm
tax losses, but terms can be confusing. DTN tax authority Andy Biebl explains
the loss rules as well as a tax court case on crop insurance proceeds and why
there's new life for the "cash for clunkers" credit.
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USDA is predicting a larger corn carryout for the current crop year
and larger production for the new corn crop. Combine that with a weak demand
outlook, and it will be hard for futures prices and basis levels to rally
without something to drive demand.
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