A Bright Future for Soybean Demand
April 28, 2023
You’ve probably heard of renewable diesel, but what you may not know is how it could potentially influence the soybean market in the future. Demand is booming for this
ADM is proud of an exclusive relationship with Crop Risk Services (CRS). We encourage you to work with a CRS agent early in the crop year and to integrate your insurance with a proactive grain marketing plan. ADM has a team of crop risk specialists who can make this process easy and seamless, providing you the expertise needed to maximize your revenue with the right mix of defensive and offensive strategies that include both crop insurance and grain marketing.
Success in farming is all about optimizing margin per acre. Revenue protection crop insurance helps cover both a lower yield per acre due to poor crop conditions and a lower price per bushel due to falling markets. Price times yield makes up the revenue portion. The base price is established for the crop prior to planting, with the opportunity to catch a higher harvest revenue price if you elect that coverage and markets move higher.
In this respect, crop insurance is a powerful tool to improve your margins. With a “safety net” in place on a portion of your new-crop bushels, you can confidently market those bushels in the first and second quarters of the year, when prices are typically better than they are after harvest. Historically, many farmers who forward-marketed during a difficult crop year ended up with some of their best revenue, through a combination of higher prices and indemnity payments.
You can choose a conventional revenue protection policy, which includes two price guarantees, or consider adding an additional price discovery period with a RevNet* policy from Crop Risk Services. In the RevNet option, you can know the price you’re guaranteeing before buying the policy.
Along with decisions on what percentage of your crop to protect, there are lots of angles to work with crop insurance. Talk to an experienced CRS crop insurance agent or an ADM crop risk specialist who can help you navigate the complexities and protect your bottom line. The combination can help you lock in a profit, remove stress, and set you up for success.
* RevNet is available for select crops in many, but not all, ADM territories.
ADM is not a crop insurance agent or licensed to offer or sell crop insurance. ADM is providing this communication for informational purposes, and it is not a solicitation or offer to purchase or sell commodities. The recommendations in this communication do not take into account any particular individual’s or company’s objectives or needs, which should be considered before engaging in any commodity transactions based on these recommendations. The sources for the information and recommendations in this communication are believed to be reliable, but ADM does not warrant or guarantee the accuracy of the information or recommendations. ADM or its affiliates may hold or take positions for their own accounts that are different from the positions recommended in this communication. The information and recommendations in this communication are subject to change without notice.
April 28, 2023
You’ve probably heard of renewable diesel, but what you may not know is how it could potentially influence the soybean market in the future. Demand is booming for this
April 20, 2023
As planters take to the fields across the northern hemisphere, soybean prices remain elevated on a historical basis (Chart 1) despite projections for an increase in planted acres. This
March 14, 2023
Following two strong seasons for corn, soybean and wheat prices, marketers are looking nervously ahead to the 2023 season due to recent market turns. Prices have been high and
March 3, 2023
While there are plenty of obstacles impacting the price and availability of fertilizer, crop nutrition products are produced and transported 24/7, 365 days per year to meet farmers’ needs.
January 19, 2023
With the turn of the calendar, we’re off to a new year and working toward new goals. Coming into 2023, crop prices are historically strong, but input prices remain
December 20, 2022
Following a strong two-year run, corn futures remain near the upper end of their historical price range. To protect these prices, producers can utilize a contract like the ASP
November 18, 2022
Learn more about barge logistics and current challenges.
August 11, 2022
Resources and tools available to monitor market changes and fertilizer prices.
July 14, 2022
See how your habits and approach compare to producers in the top 20% of the ag industry.
September 15, 2021
South Dakota-based Grain Origination Specialist Kallie Schade reflects on the highs and lows of harvest.
Please contact me so we can have a conversation about Crop Risk Services.
Get important information about your local ADM facility, plus links to helpful apps so you can access and manage your ADM business activity.