A Michigan couple who grew an operation with major lines of credit and offering higher-than-typical rental rates have been indicted on various counts of bank fraud and crop insurance fraud for their operation that fell into bankruptcy in late 2012.
The global phosphorus fertilizer market appears well balanced heading into 2019, but some supply issues could alter this positive forecast. Environmental regulations in China curtailing phosphorus production there could have a huge effect on the global fertilizer market.
The global nitrogen fertilizer market could be in a deficit in the next two to three years until more capacity can come on the market. A fertilizer analyst for Integer Research Ltd. based in London said plant closures, Chinese policy changes and U.S. sanctions on Iran could limit both existing and new nitrogen supply.
Light snow and rain lingered during Monday through the southeast U.S. areas from southeast Tennessee and northern Alabama eastward into North Carolina. Showers were also reported in the Pacific Northwest Monday with snow showers expected Monday afternoon and night through the northern Rockies. Mainly dry elsewhere in the key U.S. crop areas Monday. Temperatures ranged from the 20s in the Canadian Prairies to the low 70s in southeast Florida. » More DTN Weather Commentary
Energy Information Administration data once again detailed higher domestic ethanol stocks, posting the second consecutive gain to reach a three-week high while production edged off fractionally from a nine-week high.