CARMI, Ill. (RFD News) — Farmers are preparing for fall harvest as volatility continues across commodity markets.
Brooks York with AgriSompo joined us on Monday’s Market Day Report to discuss how the recent rally in corn and soybean prices could affect crop insurance decisions.
In his conversation with RFD News, York said higher prices can increase guarantee levels on many policies and could influence decisions ahead of the Sept. 30 sales closing date.
Looking ahead, York said market attention extends beyond upcoming USDA crop reports. He pointed to grain movement in the Black Sea region and conditions in the Persian Gulf that could affect nitrogen supplies for next year’s crops.
York encouraged farmers to focus on their return on investment rather than trying to predict where commodity prices will go next.
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