Crop Revenue Insurance The initial price calculation period for the 2014 U.S. winter wheat crop insurance program started on 15 August and runs through 14 September. It is the daily average of the July KC wheat futures for hard red winter wheat (HRW) and the July Chicago futures for the soft red winter wheat. The table below shows the current price calculation compared to the previous two years:
This is the initial price calculation and will also be the minimum price. If farmers elect to take the harvest price option and prices during the 2014 harvest are higher than this calculation, they get the higher price. Note the significant price difference from the previous two years. This lower price will directly reduce their p...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
