The U.S. and Canada are reporting more instances of Fusarium head blight in the 2016 durum wheat crop than the prior year's harvest. Infected wheat will suffer severe quality discounts or even rejection by end users, causing farmers to lose money.
While there is often discussion about how the downturn in the farm economy compares to the 1980s, some policies created in the 1980s to help distressed farmers haven't kept up with the times. Chapter 12 bankruptcy is one of those outdated tools.
Canola prices were pulled higher Sept. 20 and lower the following day along with soybeans and the global oilseed and vegetable oil markets. Signs of growing commercial bearishness could be viewed as a concern.
DTN/The Progressive Farmer and the MyDTN suite of proprietary business management tools are transforming the agriculture industry with game-changing agricultural information solutions and market intelligence that enable farmers, agribusiness, and commodity traders to actively and effectively manage their businesses. For more information on all MyDTN services, visit www.DTN.com/agriculture/.