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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.
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.
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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.
After the Bell | September 14, 2021 Wheat futures surge amid concern over Plains heat as winter seeding commences, corn also firmer.
Projected net farm income is expected to reach the highest level since 2013 this year, but net farm income is likely to fall $23 billion in 2022, according to FAPRI.
Its crop estimates continue to shrink against the backdrop of a punishing drought.