Your Pro Farmer newsletter (April 23, 2022) is now available

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Food insecurity, debt distress and inflation were among the list of global risks cited by leaders of the World Bank and the International Monetary Fund (IMF) during their annual spring meetings. War in Ukraine is adding pressure to a global economy already hit by the Covid pandemic. Both IMF and the World Bank lowered their global economic forecasts due to the increased risks. With heightened food security concerns, there's greater focus on global production forecasts. The U.S. winter wheat crop continues to be rated very poorly, while spring planting is off to a slow start. Brazil’s safrinha corn crop is holding up for now, but the dry season may be starting early. Ukraine's crop production will be severely impacted by the Russian attack, but Russia is forecast by some to grow a record wheat crop this year. We cover all of these items and much more in this week's newsletter, which you can download here.

 

Latest News

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Nearly every category topped the average pre-report estimates.

After the Bell | March 28, 2024
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After the Bell | March 28, 2024

Pro Farmer's Daily Advice Monitor
Pro Farmer's Daily Advice Monitor

Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.

PF Report Reaction: Bullish USDA data for corn
PF Report Reaction: Bullish USDA data for corn

Corn planting intentions and March 1 stocks came in lower than expected.

Report Snapshot: USDA shows lighter-than-expected corn acres and stocks
Report Snapshot: USDA shows lighter-than-expected corn acres and stocks

USDA reported corn acres of 90.036 million acres for 2024 and March 1 stocks of 8.347 billion bu., both well below trade estimates. Soybean acres were slightly lower than expectations, while stocks were higher.