Your Pro Farmer newsletter (September 3, 2022) is now available

We’ve had a week to let the dust settle and reflect on what we found on the Pro Farmer Crop Tour. More importantly, we’ve had a week to do additional analysis of the data from the nearly 3,400 corn and soybean samples scouts gathered Aug. 22-25. We break down all of the Crop Tour data on News page 4. Meanwhile, corn crop condition ratings and crop estimates continue to decline as fundamental focus shifts to USDA’s Sept. 12 Crop Production Report, which will feature its first objective yield (field) samples. On the economic front, recessionary concerns are building and ag markets are paying closer attention, shifting some of traders’ focus away from supply-side fundamentals. September and October are normally a turbulent time for markets anyway and now macroeconomic concerns threaten to make them even more volatile. USDA raised its fiscal year ag import forecast more than its export outlook, reducing the expected surplus. For fiscal year 2023, USDA expects an ag trade deficit. We cover all of these items and much more in this week’s newsletter, which you can download here.