Your Pro Farmer newsletter (April 19, 2025) is now available

Compared to recent weeks, it was relatively quiet on the tariff/trade front. But that situation remains a primary concern for many markets and investors. The Trump administration is seeking to isolate China through negotiations with other trading partners. But China is also working diplomatic channels and trying to sign deals. China indicated some willingness to negotiate on trade if the U.S. agrees to some specific demands from Beijing. Meanwhile, the administration signaled it is exploring options for farmer aid if the trade war persists. Aside from trade happenings, there is an increasing focus on the U.S. growing season, with the winter wheat crop needing spring rainfall and portions of the central U.S. seeking drier conditions amid corn planting delays due to flooding and saturated soils. On the heels of USDA’s April Supply & Demand Report, we updated our old-crop balance sheets and take an initial look at 2025-26. We cover all of these items and much more in this week’s newsletter, which you can download here.