Your Pro Farmer newsletter (November 18, 2023) is now available

Brazil was universally projected to produce a record soybean crop at the beginning of the growing season. But after two months of extremely erratic weather, crop estimates have declined and a record crop is no longer a certainty. Despite the rough start to the growing season, analog years signal crop losses could be limited – if weather turns favorable. Central Brazil finally received some needed rains, though more will be needed. Last week’s meeting between President Joe Biden and Chinese leader Xi Jinping failed to produce any major breakthroughs, though both acknowledged their countries can co-exist and likely need the other’s support. Perhaps the most notable news from the meeting was a pledge to keep an open line of communication between the two leaders. We take an in-depth look at the U.S./China relationship in this week’s News page 4 feature. On the economic front, U.S. inflation cooled more than anticipated, which pressured the U.S. dollar and triggered a surge in the stock market. Due to Thanksgiving, your next newsletter will be dated Dec. 2. Happy Thanksgiving from Pro Farmer. Click here to download this week’s newsletter.