Your Pro Farmer newsletter (August 13, 2022) is now available

( )

USDA released its first survey-based corn and soybean (cotton, too) crop estimates on Friday and updated its wheat crop forecast. The production estimates along with changes to use trickled down through USDA’s balance sheets. We break down all of USDA’s August crop report data on News pages 1 and 4. While the initial corn and soybean crop estimates provide a starting point, there’s still a good portion of growing season left, meaning weather and soil moisture will be critical to how crops finish. The root zone soil moisture map clearly defines areas that should have enough water to finish decently and those areas where rains will be needed to keep crops from going backwards into harvest. Inflation data eased in July, which has traders factoring in lower odds of another 75-basis-point rate increase in September, though Fed officials say they are far from done in their battle with high prices. We cover all of these items and much more in this week’s newsletter, which you can downlaod here.

 

Latest News

H&P report reflects larger than expected herd contraction

USDA estimated the U.S. hog herd has contracted to 73.8 million head as of Sept.1, down 1.1 million head (1.4%) from year-ago and 468,000 head smaller than the average pre-report estimate.

After the Bell | September 29, 2022

Grain, soybean futures end mixed ahead of USDA's quarterly stocks; USDA reports further hog herd contraction.

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.

Putin to Ratify Election Results | September 29, 2022

NATO rules Nordstream breech sabotage, Ian shuts-in some Gulf energy production and today's H&P Report expected to show mild herd contraction...

Market Watch | September 29, 2022

Sharp drop in cash corn and soybean prices over the past week.

Currencies
Analysts/economists keeping a close watch on major currency fluctuations

Sharp fluctuations in some of the world’s major currencies are injecting new uncertainty into the global economic outlook.