Your Pro Farmer newsletter (April 2, 2022) is now available

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USDA shocked traders by estimating farmers would plant more acres to soybeans than corn in 2022. That triggered a bearish reaction in soybean futures that may lead to a shift in momentum. Focus will now turn to spring weather and price action as traders add and subtract acres from USDA's March benchmarks. Meanwhile, March 1 grain stocks surprisingly didn’t have any real surprises for a change. USDA’s Hogs & Pigs Report showed the U.S. hog herd contracted more than traders expected and there are no signs of expansion. But the market had a bearish reaction to bullish data, which typically isn’t a good sign. High gas prices are hurting consumers, so the Biden administration is planning the largest-ever release of emergency oil reserves and may lift summer sales restrictions on E15. But high gas prices aren’t as much of a concern as tight diesel supplies, especially for farmers. We cover all of these items and much more in this week's newsletter, which you can download here.


Latest News

New WOTUS Rule Effective Monday, But Supreme Court Ruling Ahead is Key Event

FOMC rate decision | Yellen | Banking crises | New farm bill | Ukraine grain export pact

Rural Mainstreet Economy Turns Negative

Monthly Creighton survey of bankers

After the Bell | March 17, 2023

After the Bell | March 17, 2023

Stabenow Makes Clear: Cut SNAP, Rest of Farm Bill Will Be Pared Back, Too

Xi will visit Moscow next week for first time since Russia's invasion of Ukraine

Ahead of the Open | March 17, 2023

Grain and soy futures are expected to open higher. There was another daily corn sale to China.