Your Pro Farmer newsletter (April 2, 2022) is now available

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USDA shocked traders by estimating farmers would plant more acres to soybeans than corn in 2022. That triggered a bearish reaction in soybean futures that may lead to a shift in momentum. Focus will now turn to spring weather and price action as traders add and subtract acres from USDA's March benchmarks. Meanwhile, March 1 grain stocks surprisingly didn’t have any real surprises for a change. USDA’s Hogs & Pigs Report showed the U.S. hog herd contracted more than traders expected and there are no signs of expansion. But the market had a bearish reaction to bullish data, which typically isn’t a good sign. High gas prices are hurting consumers, so the Biden administration is planning the largest-ever release of emergency oil reserves and may lift summer sales restrictions on E15. But high gas prices aren’t as much of a concern as tight diesel supplies, especially for farmers. We cover all of these items and much more in this week's newsletter, which you can download here.

 

Latest News

H&P Report negative compared to pre-report expectations
H&P Report negative compared to pre-report expectations

Nearly every category topped the average pre-report estimates.

After the Bell | March 28, 2024
After the Bell | March 28, 2024

After the Bell | March 28, 2024

Pro Farmer's Daily Advice Monitor
Pro Farmer's Daily Advice Monitor

Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.

PF Report Reaction: Bullish USDA data for corn
PF Report Reaction: Bullish USDA data for corn

Corn planting intentions and March 1 stocks came in lower than expected.

Report Snapshot: USDA shows lighter-than-expected corn acres and stocks
Report Snapshot: USDA shows lighter-than-expected corn acres and stocks

USDA reported corn acres of 90.036 million acres for 2024 and March 1 stocks of 8.347 billion bu., both well below trade estimates. Soybean acres were slightly lower than expectations, while stocks were higher.