September 25, 2023 |
ATI Newsletter 2023 - Week 38
Despite the recent downturn, November 2023 soybean futures are at the second highest level of the past 10 years and are almost $2.00 above the five-year average for November futures for this time of year. This has resulted in attractive gross revenue for still being available for 2023 soybean production in many areas. As a prudent risk manager, you understand the importance of protecting gross revenue of your operation. Various risk management tools can be utilized to establish a price floor for 2023 crop and provide upside opportunity. Now is an important time to regularly consult with your Advance Trading advisor to execute a marketing program for realized production.