Your Pro Farmer Newsletter (March 22) is now available

The Federal Reserve kept rates steady but noted enhanced economic uncertainty and a likely increase in inflation amid fluctuating policy and trade unknowns. USDA opened Emergency Commodity Assistance Program (ECAP) funding, which will be sent in two payments, though USDA has not announced distribution of the $20.78 billion in ag disaster relief for 2023 and 2024. Meanwhile, a pullback in biofuel production in the U.S. and Canada could dampen demand for oilseeds, while exports could prove tricky in the coming months amid proposed ship fees on Chinese ships. Highly pathogenic avian influenza continues to cause concern, with USDA committing $100 million to research new therapeutics and vaccines as a part of a broader $1 billion effort to combat the disease and stabilize egg prices. Pro Farmer releases its 2025-26 Planting projections ahead of USDA’s March 31 Prospective Planting Report. We cover all of these items and much more in this week’s newsletter, which you can download here.