Your Pro Farmer newsletter (Feb. 26, 2022) is now available

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Russia invaded Ukraine, which spurred comparisons to World War II and sent markets into a frenzy amid concerns about supply disruptions out of the Black Sea region. Wheat, corn and soyoil are the ag markets that will be impacted most as Russia and Ukraine are major exporters of feedgrains and sunseed oil. Russia is also a major exporter of energy and some metals. The Russian invasion overshadowed USDA's Ag Outlook Forum, which featured the first look at the agency's 2022-23 balance sheets. On the weather/crop front, the U.S. winter wheat crop continues to deteriorate, while Argentine crop estimates were cut. We cover all this and much more in this week's newsletter, which you can download here

 

Latest News

Weekly corn sales surge to 1.3 MMT
Weekly corn sales surge to 1.3 MMT

Weekly corn sales for the week ended April 18 topped pre-report expectations by a notable margin, while soybean sales missed the pre-report range.

First Thing Today | April 25, 2024
First Thing Today | April 25, 2024

Soybeans pulled back from recent gains overnight, while corn and wheat traded on both sides of unchanged.

Market Watch | April 25, 2024
Market Watch | April 25, 2024

Big weekly increase in cash wheat prices.

Midweek Cash Markets | April 24, 2024
Midweek Cash Markets | April 24, 2024

Wheat basis held relatively steady despite the big jump in cash prices.

Cold Storage Report: Mixed signals for beef, pork demand
Cold Storage Report: Mixed signals for beef, pork demand

Frozen beef stocks declined more than average during March, signaling demand remains strong. Pork inventories built contra-seasonally last month.

USDA issues interstate transport testing, reporting order for H5N1 in dairy cattle
USDA issues interstate transport testing, reporting order for H5N1 in dairy cattle

USDA’s Animal and Plant Health Inspection Service (APHIS) will require testing for the H5N1 virus in dairy cattle crossing state lines. Any detection of the disease must also be reported.