Your Pro Farmer newsletter (August 6, 2022) is now available

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Every year there’s somewhat of a divide between the so-called “haves” and the “have-nots” — those areas that receive ample and timely rains and those where weather conditions are unfavorable. As August began, the divide seems to be widening. The southwestern and southern Corn Belt is struggling, while northern, central and eastern areas are faring better. With the growing level of uncertainty toward the corn and soybean crops, USDA will release its first survey-based estimates on Aug. 12. Meanwhile, the first grain shipment from Ukraine’s Black Sea ports under the new grain export deal was inspected without any hiccups last week and more vessels are set to sail. That has alleviated some of the global grain supply concerns, though the situation is still highly volatile. Plus, tensions between the U.S. and China escalated after House Speaker Nancy Pelosi visited Taiwan, which angered Beijing. We cover all of these items and much more in this week’s newsletter, which you can download 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.