Today’s quick hits, March 12, 2024

Cancel wheat sales to China: Over three business days, private exporters reported the cancelation of sales totaling 504,000 metric tons, or 18.5 million bushels, of U.S.-grown soft red winter wheat for delivery to China this marketing year. (Foreign Agricultural Service)

Summit pipeline dual message: Executives for Summit Carbon Solutions say their pipeline will be used to sequester carbon dioxide underground, helping the ethanol industry reduce its carbon footprint, but the pipeline could also help the oil industry extract more oil from the ground. (Reuters)

Ranchers damaged rain gauges: Two Colorado ranch owners were ordered to pay $6.6 million on charges of damaging or altering rain gauges with the goal of getting more money from crop insurance claims for drought. (CBS News)

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