Harvest Prices for 2025 Crop Insurance
The October prices for corn and soybean contracts both averaged lower than the February price discovery period. Price protection in crop insurance policies will use the February price guarantees of $4.70 a bushel for corn and $10.54 for soybeans.
Top 5 Things to Watch
We'll see how commodity markets respond to any additional details of a trade deal with China, also watch for details on USDA support payments and how those pan out after said trade deal. Also, parts of U.S. and Canada will see several clipper weather systems pass through.
ADM: Trade Dynamics Lowered Profit
The president and CEO of ADM said farmers are reluctant to sell more than hand-to-mouth right now until they see better basis and more stability around policies such as biofuel decisions that remain up in the air.