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Congratulations to the regional winners of the 2021 Conservation Legacy Award.

AgResource Company released the latest soybean crop production estimate for Brazil, showing a crop size of 119.5 MMT. A recent crop tour shows the weather took a major toll on the crop in the Southern portion.

Farmers who buy land may be entitled to a deduction of part of that purchase for excess fertility. However, be aware that this requires ordinary income recapture when you sell the land.

Oil prices soared to their highest since 2008 due to delays of Iranian nuclear talks and the potential return of Iranian crude to global markets, which are already suffering from Russian supply disruptions.

Hundreds of trucks, recreational vehicles and cars were circling the outskirts of Washington on Sunday, threatening to cause traffic backups around the capital as part of a protest against pandemic restrictions.

Crude oil hit a 13-year high and wheat topped $13. With front-month soybeans soaring past $17, and corn nearing the $8 mark, the crisis in Ukraine means food and fuel inflation fears are also heating up.

Farmers who filed by March 1 but did not file the required Form 7203 have until April 18 to file a Superseding return. This will correct that issue with no penalty.

Wheat buyers from the Middle East/Mediterranean region and North Africa are switching their wheat purchases to various European countries . . .

Russia is the second-largest producer of ammonia, urea, and potash and the fifth largest producer of processed phosphates.

May soybean futures fell 7 1/4 cents to $16.60 1/2 after tumbling from a morning high at $16.88 1/2. The most-active contract still gained 76 cents this week.