First Thing Today | Sept. 17, 2021

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.

Dryness expands in southern and eastern areas of the Midwest as growing season wanes

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, dry outlook concerning for winter wheat producers

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.

Wheat export sales hit new high for 2021-22

In contrast, corn sales slumped to less than 250,000 MT.

First Thing Today | Sept. 16, 2021

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.

Unexpected rise in NOPA’s August crush

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.

First Thing Today | Sept. 15, 2021

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.