Your Pro Farmer newsletter (Jan. 11, 2025) is now available

USDA’s January crop reports contained a lot of data for traders to digest, with potential to set the price tone through winter. Aside from the bevy of USDA data, traders continue to closely monitor South American growing conditions, with Brazil mostly favorable while Argentine moisture stress is building. That trend could continue as La Nina is established, though the weak event may limit typical impacts. Sources tell us USDA soon will start testing new protocols for reopening the Mexican border for feeder cattle imports. U.S. ag trade posted another deficit in November as fiscal year 2025 is off to a sluggish start. On the economic front, China continues to battle deflationary pressures and a falling currency, casting doubts about an economic recovery. We cover all these items and much more in this week’s newsletter, which you can download here.