Red Sea Tensions: Houthi rebels claim an attack on a U.S. navy vessel

There is more trouble in the Red Sea as ongoing fighting continues to prove troublesome for ag shipping.

Houthi rebels continued their attacks over the weekend, even striking a U.S. navy vessel. Last week, the group began targeting Israeli-linked ships in the Red Sea due to the current conflict in Gaza. They have controlled much of the Arabian peninsula since the conflict began, forcing ships to bypass the Suez Canal and take a longer route.

President Donald Trump ordered the U.S. military to strike at the Houthi’s.

Related Stories
Growth Energy CEO Emily Skor joins us to discuss the uncertain path for year-round E15 sales and the next steps as the issue heads toward a standalone House vote after it was stripped from the Farm Bill.
Corn and cotton gave the strongest signals this week, while soybean demand remained softer than in the previous report.
StoneX’s Josh Linville discusses USDA’s efforts to boost domestic fertilizer production and his outlook on supply and prices.
The Texas Department of Agriculture confirmed a New World Screwworm case about 119 miles from the Texas border, near Zapata, Texas, and north and west of the Rio Grande Valley.
The trip is giving them a firsthand look at farming beyond the U.S.
Ethanol demand held together last week, but lower production and thinner stocks put more focus on export strength. Production capacity is also strengthening over time and benefiting soybean farmers.

LATEST STORIES BY THIS AUTHOR:

Financial matters in farming can be frustratingly complicated, especially when it comes to the process of filing for bankruptcy. That is the topic tackled in today’s blog post by Farm-Legal Expert Roger A. McEowen—the definition of “insolvency” for purposes of the exclusion from income of CODI.
The “farm products rule,” and the 1985 Farm Bill modification and its application – that is the topic of today’s blog post from Agri-Legal Expert Roger McEowen.
Now that Washington lawmakers have passed a 45-day stopgap, they have some breathing room to work through some hot-button topics like the high cost of the upcoming Farm Bill, which is due in large part to the funding necessary to support the Nutrition Title.
A recent news story involving a group of farmers in Mississippi reveals the potential downside of selling grain under a deferred payment contract. The risk of deferred payment ag commodity sales and what can be done for protection—that is the topic of today’s blog post.
Recently, a bank in Texas got confused on the financing rules governing agricultural crops and lost its security interest as a result. Ag financing and priority rules among competing security interests—that is the topic of today’s post.