Your Pro Farmer newsletter (Feb. 5, 2022) is now available

South American crop estimates continue to shrink, especially the soybean crop. That pushed front-month soybeans above $15 – the highest level since June 2021 on the continuation chart. Falling production estimates also caused a scramble for soybeans among exporters and crushers in Brazil and likely keeps the window for U.S. old-crop exports open longer. On the geopolitical front, concerns about a Russian invasion of Ukraine have eased for now, though the markets are keeping a close watch on the situation. Our page 4 feature this week is results from our annual land survey. Not surprisingly, respondents expect land prices and cash rents to rise in 2022. We cover all of these items and much more in this week's newsletter, which you can download here.