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.