U.S. Sending Oil Abroad And That's Driving Ethanol - Heinberg

Weather and global conflicts.  It's all being surveiled by NASA.  Ben Jarboe goes behind the scene with Mike Humber.  Humber is NASA Harvest Data Lead and NASA Acres Deputy Director. The data collected by NASA satellites allows monitoring of crop conditions, water availability and much more.  Jarboe finds out about what they learned when war erupted between Ukraine and Russia, and how the ongoing war in Iran is disrupting food production and movement. Cloudy and windy for our Tuesday.  Stu Muck says the winds will be most noticed today, but there's hit and miss chances of rain for the next 48 hours too. Used equipment prices are holding firm rolling into spring planting.  Ashley Huhn with Steffes Group Auctioneers says the trends they see in March sales attest to continued interest in quality used equipment.  Paid for by Steffes Group. Louisianna corn growers got a nasty surprise on March 17th.  An unexpected freeze!   Dr. Shelly Kerns, corn specialist at Louisiana State University Ag Center in Winnsboro, says the calls started streaming in at dawn.  Kerns encouraged growers to remain calm and give the plants a few days to recover.  Ultimately though, 60-70% of impacted acres had to be replanted.  That brought another unique set of challenges.  Kerns says growers, including herself, were unable to find hybrid varieties that they wanted.  That brought more anxiety in a year where costs were already high, and market opportunities already curtailed. Oil is back in the headlines for traders today.  John Heinberg, market advisor with Total Farm Marketig, tells Pam Jahnke that the standoff with Iran is manifesting itself in higher oil prices and more demand for ethanol.See omnystudio.com/listener for privacy information.