Your Pro Farmer newsletter (January 14, 2023) is now available

USDA’s January crop reports contained some bullish surprises. Dec. 1 grain stocks came in much lower than expected. The final 2022 corn and soybean crop estimates were also lower than anticipated, as were projected 2022-23 ending stocks for corn, soybeans and wheat. Those bullish figures helped offset winter wheat seedings that topped expectations. The bullish report data adds to growing concerns about Argentina’s production potential. Meanwhile, Brazil is poised to grow record soybean and corn crops. On the economic front, U.S. consumer prices fell for the first time in more than two-and-a-half years in December, which could allow the Fed to further scale back the pace of its interest rate increases. We cover all these items and much more in this week’s newsletter, which you can download here.