USDA delivered some shocking planting intentions estimates this week, with the main take away being that intentions aren’t enough. Corn and soybean futures shot higher in a bid to “buy” extra acres. With attention increasingly shifting to the U.S. growing season, we spent some time talking with meteorologists and compiled a page 4 feature on weather prospects for the months ahead. Meanwhile, President Joe Biden unveiled the first part of his infrastructure plan and tax hikes to pay for it. Find more on these topics and many others in this week’s newsletter.