A seven-member unsecured creditors committee has been formed in the Hansen-Mueller bankruptcy case, as the Omaha company owes up to 5,000 creditors and is moving toward an asset sale.
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DTN Oil Update
PostedCrude futures remained under pressure on Friday, Nov. 21, as the official start of U.S. sanctions against Rosneft and Lukoil threatened to leave millions of barrels of Russian oil at sea, adding to a global oversupply situation.
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Farm Life
DTN/Progressive Farmer announced its 16th class of America's Best Young Farmers and Ranchers.
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What DTN Is Watching
Friday morning looks to be quiet for news/reports but later in the afternoon after the close USDA will release their first Cattle on Feed report in two months at 2 p.m. CST along with their monthly Chicken and Eggs and Milk Production reports at the same time. CFTC data as of October 7 will be released at 2:30 p.m. CST.
WeatherA system in the Southern Plains is producing scattered showers and thunderstorms Friday morning from Kansas through the Mississippi Valley and into the Ohio Valley. The system itself will push eastward through the Ohio Valley throughout the day, where showers will be most intense. Some thunderstorms will be possible across the Southeast that could make for a few stronger wind gusts and hail as well.
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