The MonthlyCropOutlook011222 is a summary of the USDA’s monthly World Agricultural Supply and Demand Estimates (WASDE) report. This summary is prepared monthly by Dr. Aaron Smith. In the report, domestic balance sheets for corn, soybeans, cotton, and wheat are displayed. Market reactions for each commodity on the day of the report release are also reported. Additionally, supply and demand estimates for key importing and exporting countries are provided for the current month along with change in estimates from the previous month’s report. The profitability outlook has also been updated after the release of January 2022 USDA WASDE report.