#533 - ”Will Crop Insurance Save The Day?” Weekly Market Outlook: Sept. 25-29th.

Jarod Creed with JC Marketing visits with Chris and Guest Host, Joe Paulson, farmer from DeKalb County Illinois. They begin the conversation discussing early harvest results that seem to be extremely variable across the country. Joe leads with the question around basis levels and what we can expect not only during harvest but throughout the next several months as we finish out 2023, and begin early 2024. Jarod talks about the “very” low river levels, regional yield differences, and the impact this could have on basis both short and long-term. They also discuss whether or not the recent price pressure on corn and soybeans will continue or worsen as we head into the gut slot of harvest. The balance of the discussion revolves around your crop insurance, indemnity potential’s for 2023 and an in-depth discussion on what margin protection MP could protect as you think about risk management for 2024. Jarod does an excellent job of mapping out two different scenarios so that you understand the math behind margin protection. This podcast is also on YouTube so if you’d like to see the visual of that portion of the conversation, check it out on YouTube also.