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USDA’s first Crop Progress Report of the year showed only 27% of the nation’s winter wheat crop is rated “good,” far below the trade’s expectations. The numbers show the battle against drought is brutal in winter wheat.

Nearly 4 million acres of CRP expire this year. Secy. Vilsack wrote to National Grain and Feed Association’s Mike Seyfert to share converting CRP is “unfeasible.” However, Vilsack did offer one caveat in his letter.

Corn, spring wheat planting in line with year-ago...

China came in with a major buy to start the week. USDA confirmed in its daily export sales report that Beijing purchased 1.084 million tonnes of U.S. corn marking the biggest buy since May of 2021.

Before Putin’s forces even breached the Ukraine border, fear and speculation drove commodity prices skyward. Concerns are warranted.

USDA says there are currently no plans to provide direct payments to farmers impacted by soaring fertilizer prices. The news comes as farm groups and lawmakers are asking assistance to help with rising fertilizer costs.

Nick Gordiichuk estimates farmers will plant about 25% of their crops this year. He has no idea when he will get back into fields. Many contain landmines, unexploded rockets and war’s debris.

USDA says the launch of the Emergency Livestock Relief Program (ELRP) will address increases in supplemental feed costs in 2021. Phase 1 of the payments is expected to total $577 million.

Shanghai will remain under lockdown as it reviews results of an exercise to test all of its 26 million residents for COVID-19, authorities said on Monday.

This article summarizes the latest USDA report and discusses what will impact corn and soybean prices in the next few months.