Your Pro Farmer newsletter (July 2, 2022) is now available
USDA’s Grain Stocks Report failed to produce any major surprises, while soybean planted acres came in well shy of what traders anticipated and corn plantings increased a little more than expected. With the flip of the calendar to July, focus will be on weather, especially for the corn crop as it moves through pollination. The upcoming Fourth of July holiday is typically a time when the current price trend accelerates or reverses, based on the end-of-June reports and weather. USDA’s Cattle on Feed Report showed placements fell more than anticipated after being stronger than expected for two straight months. The Hogs & Pigs Report showed the U.S. hog herd continued to contract and producers indicated no intentions of expanding through fall. We cover all of these items and much more in this week’s newsletter, which you can access here.