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Cordonnier warns his U.S. corn & soybean yield forecasts may fall. Gulf terminals slowly coming back online. Inflation will continue to rise over the next two years. Cattle hold up well in the fact of economic jitters.
China’s wheat imports reach highest level in more than two decades. Russian wheat export prices climb for 10th consecutive week. Possibility of a debt default rattles the market.
Another RFS rumor | CR | Debt limit | FOMC | Carbon markets | Food summit
ERS finally released analysis of Biden’s plan to change stepped-up basis on inherited assets, and its conclusions don’t tell the full story.
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.