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Tropical Pacific remains warmer than average.

Grain futures slip overnight on profit-taking.

Up to 15 inches of precip needed in north central Iowa to reverse drought.

Late-season heat wave is stressing pastures.

Ethanol is proving that it has the power to stand on it’s own in consumer markets.

Flaw in RFS mandated amounts started with initial inflexibility.

Net farm income, net cash farm income and net value-added farm income all seen at record marks.

Planting in Mato Grosso is set to begin around 20 days from now leaving little time for port workers to offload nutrient supplies and ship them inland to farmers.

Farm assets, equity seen record; debt, however, highest since 1986.