"Dan Basse of AgResource Company admits the 1.6-million-acre drop was a surprise to him, but the bigger question is on the demand side. “The demand side of the equation is not good,” Basse says. “But we got a supply side now that's at least going to underpin the breaks until we get some better weather in Argentina.”

"Speaker McCarthy agreed the House wouldn’t lift the debt ceiling unless Congress slashes federal spending next fiscal year. Because of this, Bank of America is telling clients to expect a debt default this fall."

The Pandemic Assistance Revenue Program (PARP) provides financial assistance for producers who suffered at least a 15% decrease in allowable gross revenue in 2020 compared with 2018 or 2019. Paul Neiffer explains the difference between PARP and the Emergency Relief Program.

We could see gas prices climb higher again later this year. The reasons why in today's AgDay Minute.