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Business & Inputs

Chart by Kim Ruberti
Posted

World & Policy

Biofuels get a boost in the Inflation Reduction Act with $500 million to build out more blender pumps and other infrastructure. Tax credits for biodiesel and renewable diesel are extended, as well as sustainable aviation fuel. A new tax credit is created for clean fuel production as well. (DTN file photo)
Posted by Chris Clayton

The National Farmers Union and National Council for Farmer Cooperatives were among the groups touting the passage of the Inflation Reduction Act for the investments in agriculture, biofuels and rural renewable energy projects.

Farm Life

Milo or grain sorghum is a new crop for Marc Arnusch this year. The Colorado farmer is trying it out to see if it is a viable alternative in his arid growing region. (Photo courtesy of Marc Arnusch)
Posted by Pamela Smith

Sometimes exiting a crop makes good business sense. This week DTN's View From the Cab farmers talk about making those tough choices.

What DTN Is Watching

The University of Michigan's index of U.S. consumer sentiment is set of 9 a.m. CDT Friday, followed by USDA's WASDE and Crop Production reports at 11 a.m. CDT. One hour later, the Farm Service Agency will release its first estimate of prevented plantings in 2022. Traders will keep their usual habits and stay close to the weather forecast.

Weather

A disturbance moving through the Upper Midwest is bringing scattered showers and thunderstorms to Minnesota and Wisconsin Friday morning and will continue to press a bit eastward throughout the day. Some moderate to heavy rain will be possible in spots. Other scattered showers remain possible across the Southeast as a front continues to slip south through the region. Meanwhile, heat continues to be widespread through the majority of the Plains, stressing filling crops.