Your Pro Farmer newsletter (Feb. 19, 2022) is now available
South American crop estimates continue to be slashed amid persistent drought. Besides the production losses, crop quality is also poor in areas of Brazil. The crop losses have prompted China and “unknown” (also China?) to book old- and new-crop U.S. soybeans, though there were reports last week China may try to reduce its soybean consumption. India also made unusual purchases of U.S. soyoil due to South American crop losses and geopolitical uncertainties in the Black Sea region. Meanwhile, the extended weather outlook through May signals no respite for HRW wheat areas saddled with drought. Our page 4 feature this week gives our assessments to a host of volatile issues ag is facing. We cover all these items and much more in this week's newsletter, which you can download here.