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.
Download this week's issue here.
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.
Cash spring wheat prices continue to climb.
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.
In contrast, corn sales slumped to less than 250,000 MT.
Corn and soybean basis weaken as harvest picks up and amid Gulf logistics issues due to Hurricane Ida.
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.