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Drought improvement for Northern Plains and Upper Midwest

Several storms traversed these regions over the past week, helping to counter unseasonable warmth.

First Thing Today | Oct. 14, 2021

China raises minimum purchasing price for wheat for first time since 2014. Attaché lowers forecast for Argentine soybean plantings. Is inflation transitory or structural? UAW has called a strike against Deere & Co.

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FOMC minutes signal tapering of QE could begin as soon as mid-November

Initial tapering efforts will likely include cutting $10 billion a month in Treasury buys and $5 billion a month in mortgage-backed securities purchases.

Evening Report | Oct. 13, 2021

FOMC minutes signal tapering of QE could begin as soon as mid-November. Latest CPI update shows inflationary pressures linger. EIA calling for ‘significantly’ higher spending on home heating this winter.

First Thing Today | Oct. 13, 2021

Chinese bean buying slows in September. Certified acreage data release delayed. Americans quit their jobs at a record clip in August. Atlanta Fed chief says U.S. jobs slowdown should not derail taper timeline.

Evening Report | Oct. 12, 2021

USDA raises corn and soybean crop estimates, boosting ending stocks. Corn and soybean harvest progress about as expected. IMF trims global growth outlook

USDA raises corn and soybean crop estimates, boosting carryover

On the other hand, its cotton production and carryover forecasts dropped more than analysts anticipated.

Soybean inspections nearly double previous week’s tally

Corn and wheat inspections were in the lower half of analysts’ expectations and down from the week ending Sept. 30, with exporters focusing on soybean shipments as Louisiana ports reopen.