November 14, 2023 |
ATI Newsletter 2023 - Week 45
The harvest crop insurance price for soybeans is $12.84. A review of “what if” scenarios suggest some producers will not receive an indemnity. Where harvest is completed, gross revenue for 2023 production can now be calculated—and protected. While uncertainty about South American weather is currently supporting soybean prices, the USDA this week forecast record combined production in Brazil and Argentina for the current crop year. Slightly lower Chinese soybean imports from all origins were also forecast. Your Advance Trading advisor is prepared to assist in developing and executing a customized risk management program for your operation.