Latest News From Pro Farmer Analysis

Friday Wrap Up | April 28, 2023
Friday Wrap Up | April 28, 2023

Davis Michaelsen and Editor Brian Grete discuss this week's market action...

USDA Begins Implementing Climate-Smart Program
USDA Begins Implementing Climate-Smart Program

Some $3.1 billion — three times more than originally planned — will be spent on 141 pilot projects to offer incentives that encourage producers to adopt climate-mitigating practices on working lands.

Boozman Demands Higher Reference Prices | April 28, 2023
Boozman Demands Higher Reference Prices | April 28, 2023

Emergency waiver allows E-15 sales, locks and dams close on the Big Muddy and Mexico accuses Administration of bowing to pressure from seed industry...

Winter Wheat Drought Footprint Modestly Increases but Will Shrink
Winter Wheat Drought Footprint Modestly Increases but Will Shrink

As of April 25, 46% of the U.S. was covered by abnormal dryness/drought, down one point from the previous week.

Argentina to Trade in Yuan | April 27, 2023
Argentina to Trade in Yuan | April 27, 2023

Industrial profits drop in China, the House votes to raise debt limit and biofuel proponents urge Biden administration to include SAF in Inflation Reduction Act...

Canadian Wheat Acreage Forecast to Climb More Than Expected
Canadian Wheat Acreage Forecast to Climb More Than Expected

Canadian farmers intend to plant 27.0 million acres to wheat in 2023, up 1.58 million acres (6.2%) from last year, according to Statistics Canada (StatCan).

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EU Sets Targets for SAF Use

The European Union agreed to set binding targets for airlines in Europe to increase their use of sustainable aviation fuel (SAF), to kickstart a market for green fuels and cut the aviation sector’s carbon footprint.

U.N. Secy General to Visit Washington | April 26, 2023
U.N. Secy General to Visit Washington | April 26, 2023

Poland maintains Ukraine grain transit embargo, CBO marks-up House bill and Russia continues to balk at grain export deal...

Cold Storage Data Highlights Supportive Fundamentals for Beef, Struggles for Pork
Cold Storage Data Highlights Supportive Fundamentals for Beef, Struggles for Pork

USDA’s Cold Storage Report showed frozen beef stocks declined more than average during March. But pork stocks climbed contra-seasonally.

Russia Accuses Ukraine of Attacking Black Sea Ships | April 25, 2023
Russia Accuses Ukraine of Attacking Black Sea Ships | April 25, 2023

APK-Inform projects decline in Ukraine grin output, HRW crop condition remains historically low and this afternoon USDA will detail frozen meat stocks...

G7 Farm Ministers Urge Expansion of Ukraine Grain Exports
G7 Farm Ministers Urge Expansion of Ukraine Grain Exports

They added they were ready to aid the reconstruction of Ukrainian agricultural facilities damaged by the war.

Funds Back Selling Soybean & Corn on China Cancellation, Brazil Competition: Cattle Softer on COF, Cash
Funds Back Selling Soybean & Corn on China Cancellation, Brazil Competition: Cattle Softer on COF, Cash

Fund selling in corn w/China cancellation, beans follow w/uncertainty on biofuels tax credits & Brazil's cheaper crop.  KC, MN wheat add weather premium.  Cattle softer on COF, cash.  Randy Martinson, Martinson Ag.

Friday Wrap Up | April 21, 2023
Friday Wrap Up | April 21, 2023

Davis Michaelsen and Editor Brian Grete discuss this week's market action...

Soybean Outlook: 5-30-90 Days (4.21.23)
Soybean Outlook: 5-30-90 Days (4.21.23)

Price action plus soybean market outlook for the next 5, 30 and 90 days.

China Soybean Buys Surge in March | April 21, 2023
China Soybean Buys Surge in March | April 21, 2023

EU imports of Ukrainian grain still in flux, California raises water use allocation and traders expect USDA to report contraction in cattle herd...

China's Quarterly Pork Imports Surpass Year-ago | April 18, 2023
China's Quarterly Pork Imports Surpass Year-ago | April 18, 2023

Ag attache cuts Argy crop estimates, Ukraine looks to resume grain transit through Poland and China's pork output rises sharply...

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More Argentine Strikes Planned

The strike by the Urgara grain inspectors union that prevented the loading of ships at the main Rosario export hub today is scheduled to end at midnight.

Recession Signs are Flashing in the Diesel Market
Recession Signs are Flashing in the Diesel Market

Signs of an economic slowdown are flashing in the global diesel market, according to Bloomberg News.

Friday Wrap Up | April 14, 2023
Friday Wrap Up | April 14, 2023

Davis Michaelsen and Editor Brian Grete discuss this week's market action...

Wheat Outlook 5-30-90 Days (4.14.23)
Wheat Outlook 5-30-90 Days (4.14.23)

5, 30 and 90 day outlooks for the wheat markets.

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Exchange Keeps Argentine Crop Estimates Unchanged, but Warns of Additional Declines

The Buenos Aires Grain Exchange kept its Argentine soybean and corn crop estimates at 25 MMT and 36 MMT, respectively.

Deficit Breeches $1 Trillion | April 13, 2023
Deficit Breeches $1 Trillion | April 13, 2023

Buffet warns of more bank failures, Rosario Grain Exchange cuts Argy crop estimates and boxed beef values near $300...

FOMC Minutes Show Some Policymakers Considered a Pause
FOMC Minutes Show Some Policymakers Considered a Pause

All Fed policymakers supported the 25-basis-point hike to interest rates last month, but several considered a pause before agreeing to tighten monetary policy, according to minutes from the meeting.

EPA Announces Crackdown on Vehicle Pollution
EPA Announces Crackdown on Vehicle Pollution

EPA proposed sweeping emissions cuts for new cars and trucks through 2032.

Outlook for Black Sea Deal Dims | April 12, 2023
Outlook for Black Sea Deal Dims | April 12, 2023

EPA tightens emissions standards, Ukraine accuses Russia of stealing lumber and Yellen downplays IMF concerns...

Argentina Allows Exporters to Delay Soy Shipments
Argentina Allows Exporters to Delay Soy Shipments

Argentina authorized exporters to delay soy shipments for up to 60 days.

Mexico to Investigate Impacts of Consuming GMO Corn | April 11, 2023
Mexico to Investigate Impacts of Consuming GMO Corn | April 11, 2023

Traders expect lower corn and soybean carryover in today's report, HRW condition ratings historically low and South American crops have 'turned the corner...'

U.S. Renewable Diesel Production Hits Milestone
U.S. Renewable Diesel Production Hits Milestone

U.S. production of renewable diesel hit 5 million gallons a day for the first time in January, the Wall Street Journal reports.

Beef Exports Increased in February, Pork Shipments Slowed
Beef Exports Increased in February, Pork Shipments Slowed

The U.S. exported 250.8 million lbs. of beef in February.

Gasoline Prices Soar | April 8, 2023
Gasoline Prices Soar | April 8, 2023

Markets closed tomorrow to honor Good Friday, Cargill steps lightly on Russian exports and cash cattle surges...

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Argentina Announces ‘Agro Dollar’ Details

Argentina announced a new preferential exchange rate dubbed the “agro dollar,” which aims to boost agricultural exports and strengthen international reserve accumulation.

Beijing Courts E.U. | April 5, 2023
Beijing Courts E.U. | April 5, 2023

Turkey continues to work on Black Sea exports, IRS to release details of $80 billion spending plan and Exxon has high hopes for low-carbon business...

Russian Domestic Wheat Prices Hit Lowest Level Since 2019
Russian Domestic Wheat Prices Hit Lowest Level Since 2019

The decline is attributed to ample wheat supplies and weak demand from exporters.

South American Crops Stabilize | April 4, 2023
South American Crops Stabilize | April 4, 2023

Yellen assures against bank runs, Kentucky Court bags WOTUS challenge and cash hogs slip again...

Brazil Soybean Exports Jump, Corn Shipments Slow
Brazil Soybean Exports Jump, Corn Shipments Slow

Brazil exported 13.271 MMT of soybeans last month.

StoneX Raises Crop Estimates
StoneX Raises Crop Estimates

Updated corn and soybean crop estimates.

EPA Approves California Plan Requiring Half of Heavy Duty Trucks be EV
EPA Approves California Plan Requiring Half of Heavy Duty Trucks be EV

EPA on Friday said it was approving California’s plans to require a rising number of zero-emission heavy-duty trucks as the state pushes to cut pollution.

Contentious Exchanges, Issues at Latest Hearing with Vilsack
Contentious Exchanges, Issues at Latest Hearing with Vilsack

Odds are rising there will be no new farm bill this year unless some of the volatile remarks and issues that surfaced at a Thursday hearing can be resolved.

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Argentine Crop Estimates Unchanged; Crop Conditions Improve

But early soybean yields are coming in lower than anticipated. . .

Regan to Testify Before House Ag Committee
Regan to Testify Before House Ag Committee

Regarding WOTUS, Regan told a House Ag Appropriations Subcommittee Tuesday that EPA’s rule might have to be modified based on the upcoming Supreme Court decision.

Cargill Inc. to Halt Exports from Russia | March 29, 2023
Cargill Inc. to Halt Exports from Russia | March 29, 2023

Sanctions are not impeding Russia's ability to wage war, Biden calls for new rules on mid-sized banks and China lends billions to support carbon emissions reduction...

Cargill to Cease Exports of Russian Grain
Cargill to Cease Exports of Russian Grain

Global commodities trader Cargill Inc. it will stop exporting Russian grain at the beginning of 2023-24 on July 1, the country’s ag ministry said.

EPA Admin to Answer for Budget Increase | March 28, 2023
EPA Admin to Answer for Budget Increase | March 28, 2023

Biden vows to veto WOTUS block, Japan reopens to Canadian processed beef and Argy rains will have limited impact...

Is Tai too Nice to be Trade Chief?
Is Tai too Nice to be Trade Chief?

U.S. Trade Representative Katherine Tai told a GOP lawmaker, “I don’t need your pity,” after he said she was “too nice” to negotiate trade deals for the United States.

Friday Wrap Up | March 24, 2023
Friday Wrap Up | March 24, 2023

Davis Michaelsen and Editor Brian Grete discuss this week's market action...

Insurers Concerned About Ukraine Shipments | March 24, 2023
Insurers Concerned About Ukraine Shipments | March 24, 2023

Russia likely to target Ukrainian agriculture, DeutcheBank shares fall and Senate Banking Committee ask SVB execs to testify...

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Rains Stabilize Argentine Crops, but Damage Already Done

Production potential remains severely reduced by prolonged drought.

China Re-opens to Brazilian Beef | March 23, 2023
China Re-opens to Brazilian Beef | March 23, 2023

Brazilian crusher raises domestic soybean crop forecast to record level, Powell foresees financial tightening and China urges U.S. to drop tariffs...

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Fed Delivers Small Rate Hike, Remains Vague on Future Moves

The Federal Reserve raised interest rates 25 basis points but seemed to give mixed signals on further monetary policy action.

All Eyes on the Fed | March 22, 2023
All Eyes on the Fed | March 22, 2023

U.K. inflation unexpectedly rises, EPA Administrator Regan to testify before congress and Argentina ships first cargo of beef to Mexico...