Your Pro Farmer Newsletter (March 18, 2022) is now available
The war between Russia and Ukraine moved into its fourth week. Commodity prices continue to swing with each new headline on the situation, though market volatility has decreased a little. While grain traders continue to closely monitor the Russia/Ukraine situation, spring planting is just around the corner. Our acreage survey surprisingly showed combined corn and soybean acres will be down from last year, despite high prices. Meanwhile, the spring weather outlook continues to offer no hope for HRW drought relief, though planting of spring-planted crops should be rapid in the western Corn Belt and South. On the economic front, the Fed raised interest rates for the first time since 2018 in an attempt to slow inflation, which is at a four-decade high. We take a look at the outlook for interest rates and inflation, and what it could mean to the U.S. economy and agriculture in our page 4 feature. We cover all these items and much more in this week's newsletter which you can download here...