Your Pro Farmer newsletter (April 9, 2022) is now available

With USDA’s March planting intentions known, markets will start to look more toward weather for near-term price direction, especially the corn market since acreage is expected to be down sharply from last year. We feature outlooks from four prominent meteorologists in our News page 4 feature this week. Weather will also be important for the suffering U.S. winter wheat crop, which started spring rated only 30% “good” to “excellent” by USDA. Aside from weather, traders remain focused on global grain trade and impacts to U.S. ending stocks given the building global food crisis. EPA remanded 36 small refinery exemptions (SREs) from 2018, saying they were wrongly authorized. However, EPA will not require 31 of the facilities to buy compliance credits to fulfill the quotas. U.S. beef exports stayed strong in February, while pork slumped due to sharp reductions in shipments to China. We cover all this and much more in this week’s newsletter, which you can download here.