Your Pro Farmer newsletter (Jan. 8, 2022) is now available

Private crop forecasters dramatically reduced their Brazilian crop estimates amid hot, dry conditions in southern areas of the country and too much rain in some other locations. Forecasts will be hot and dry in Argentina into mid-January, which will increase crop stress in that country. Meanwhile, U.S. HRW wheat deteriorated sharply in December, based on individual state crop ratings. On the economic front, minutes from the December monetary policy meeting showed the Fed turned a lot more hawkish than previously indicated, while non-farm payrolls again fell well short of expectations. There were also three major livestock/dairy policy events to kick off the new year. We cover these items and much more in this week's newsletter, which you can access here.