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: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
