Evening Edition | Wednesday, July 13, 2022
Tonight's Evening Edition includes the news about solar panel installers in Iowa, carbon pipeline resistance, and bearish demand in the markets.
Solar Panel Installers
Out-of-state solar panel installers are publishing advertisements riddled with misleading information regarding Iowa’s solar tax credit and charging thousands of dollars to customers who are seeing no change in their electrical bills.
The Iowa Attorney General’s Office is currently investigating 15 solar panel companies after an increase in consumer complaints.
Lynn Hicks, chief of staff for the attorney general's office said the investigation isn’t intended to discourage people from purchasing solar panels, but he recommends consumers turn to personal referrals as opposed to online ads when shopping for installation companies.
Liquid Carbon Pipelines
Those who oppose liquid carbon pipelines in Iowa confronted the regulatory board members charged with approving such plans, and some insinuated their votes were bought with money and political clout.
Three pipelines are proposed that would lay a total of more than 1,500 miles of pipe across the state.
Board members have repeatedly declined to publicly reveal how they might rule on eminent domain requests that will almost certainly be required to build the pipelines.
Terry Roggensack with The Hightower Report writes, "The weather forecast is still hot and dry, but demand concerns persist."
December corn closed sharply lower yesterday, as a bearish tilt from the USDA monthly supply/demand report and weakness in energy and stock markets helped to keep the demand tone poor.
A strong U.S. dollar plus talk that Brazil may start exporting corn to China before the end of the year helped drive the market lower.