The crop revenue insurance guarantees are a very important part of a farmer’s decision-making process, and the collapse in wheat futures markets in August has hurt producers in three ways.The collapse in wheat futures markets in August has hurt producers in the following three ways:
Cash prices have crashed. The harvest price level for spring wheat crop revenue insurance products is calculated during this month, and the higher the August Minneapolis futures average price, the greater the revenue insurance coverage. This is important for those spring wheat regions where yields were substantially reduced by the drought. The initial (and minimum) 2018 winter wheat crop revenue insurance price level is calculated during the period of 15 Au...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
