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After the Bell | September 17, 2021 Corn futures post weekly gain, wheat futures up 3% on week amid Plains dryness concern.
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Price surges, logistical constraints continue to impact markets and boost inflation
Ahead of the Open | September 17, 2021 Corn, soybeans futures weaken overnight but still higher on week, wheat futures mixed.
Russia lowers tariff on wheat exports for first time in a month. Biofuel producers pushing for modeling change regarding SAF tax credit eligibility. Pork prices have turned up, but cash market remains under pressure.
After the Bell | September 16, 2021 Strong export sales boost soybean and wheat futures, corn futures end lower.
80% of rural bankers in 10-state region say elimination of step-basis will have negative impact on mainstreet economies.
Drought spread across the Central and Southern Plains over the past week, as well as in southern and eastern areas of the Corn Belt, according to the latest U.S. Drought Monitor.
Warm weather is likely to continue across most of the Midwest and Plains during October, according to updated weather maps from the Climate Prediction Center. The precipitation outlook for next month is less certain.
Ahead of the Open | September 16, 2021 Corn futures mixed-weaker after export sales disappoint, soybeans firmer, wheat lower.
In contrast, corn sales slumped to less than 250,000 MT.
Strategie Grains calling for tighter global wheat supplies. Business Roundtable sounds alarm on debt ceiling; Yellen calls McConnell. POET pledges its ethanol will reduce emissions at least 70% vs. gasoline by 2030.
Corn and soybean basis weaken as harvest picks up and amid Gulf logistics issues due to Hurricane Ida.
After the Bell | September 15, 2021 Corn, soybean futures post highest closes in over two weeks, wheat futures also higher.
The August crush figure still represented a substantial slowdown in the crush pace from monthly records set the first five months of the crop year.
Ahead of the Open | September 15, 2021 Corn nears two-week high overnight, soybeans also higher as market awaits NOPA crush report.
California governor easily fends off Republican-led recall vote | WaPo comments on Vilsack
Nicholas expected to stall over Louisiana, storms possible in the Ohio Valley. Another light NOPA crush expected to close out marketing year. Pork prices surge.