Your Pro Farmer newsletter (July 16, 2022) is now available

( )

Price action is volatile in the grain and soybean markets as traders juggle weather forecasts, the Ukraine grain export situation and macroeconomics. Forecasts signal conditions will be generally hot and dry across the Corn Belt over the next week, spurring concerns with pollination in some areas. But World Weather Inc. doesn’t expect a 2012-like situation. Ukraine, Russia, Turkey and the United Nations reportedly agreed to a framework deal to restart Ukrainian grain exports, which could be signed during the next week, though there will still be hurdles to normalizing grain shipments. On the economic front, inflation continues to soar, increasing odds the Fed will get more aggressive in raising interest rates. The U.S. dollar is also surging, pushing to new 20-year highs on a near-daily basis. Meanwhile, USDA’s July crop reports included no bullish surprises. We cover all of these items and much more in this week’s newsletter, which you can download here.

 

Latest News

H&P Report negative compared to pre-report expectations
H&P Report negative compared to pre-report expectations

Nearly every category topped the average pre-report estimates.

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

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.