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Hogs & Pigs Report: Herd contraction greater than expected, no signs of expansion restarting

For the 2022-23 crop marketing year, RaboResearch estimates the average on-farm cash price will be $5.77 for corn and $10.50 for wheat.

Corn futures followed wheat futures sharply lower Tuesday, with the nearby May contract tumbling 22 1/4 cents to $7.26 1/4 and new-crop December falling 11 3/4 cents to $6.52 3/4.

Fewer corn acres, more soybean seedings expected

The Ukranian government announced removal of corn and sunflower oil export license requirements to allow for easier exports, while also hoping the sale of the commodities will provide money for spring planting.

The Administration is proposing major tax law changes in their budget. It is likely none of these will pass, but it is important to know what is being proposed.

The commodity markets came under pressure to start the week as traders tried to shed risk over shipping concerns in China as COVID-19 concerns caused officials to shut down transportation amid a two-pronged lockdown.

President Biden’s USDA FY 2023 budget proposal focuses on climate, conservation and research with $3.8 billion discretionary spending increase for USDA with climate, conservation and clean energy the major focal points.

Andy Pasztor is an Ontario, Canada farmer first who’s also found fame on social media for his ability to make any tractor shine. Thanks to farmers on social media, that passion turned into a business for “Andy Clean.”