Pipeline Shutdown Sparks Fuel Shortage Fears

USDA confirmed on Monday China purchased just over 1 million metric tons of new crop corn, but the country also canceled 280,000 metric tons of old crop corn. The buying spree signals tight supplies could continue.

Fuel prices were already on the rise, but now a cyber attack on one of the largest fuel pipelines in the U.S. is creating fears about possible shortages. One group says ethanol could help ease supply constraints.

The Climbing Arrow Ranch consisting of nearly 80,000 acres near Bozeman - and featured in a 1992 Robert Redford movie - sold within a week for its asking price after a bidding war.

Corn futures are trading high-range and split, with old-crop 1¢ to 5¢ higher and new-crop down roughly a penny. Soybean futures have reversed early losses to trade steady to 8¢ higher, with nearbys leading.

Customs officials aren't celebrating after finding some cakes in luggage. See why, in today's AgDay Minute.

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