Articles tagged under: Rich Morrison

Deadline Approaches for Margin Protection Insurance

Published September 27, 2021

There are only four business days left to sign up for Margin Protection Insurance for corn, soybeans or spring wheat for the 2022 crop year. The plans include base prices of $5.06 for corn, $12.56 for soybeans and $7.76 for…

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Funds Exit Ag Commodities

Published August 20, 2021

Traders are nervous with ongoing world events, ranging from Afghanistan and the Delta variant. NAU Country Vice President of Ag Services Rich Morrison says crude oil has been a big driver in this market. "That is removing interest in commodities…

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ASF Outbreak Unknowns Could Slow Soybean Demand

Published August 1, 2021

There continue to be questions surrounding the severity of the African Swine Fever outbreak in China. NAU Country Vice President of Farm Services Rich Morrison says the lack of uncertainty could spill over into soybean demand. "There's been a slowdown…

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Consider an Options Strategy to Market During Drought Conditions

Published June 7, 2021

Production uncertainty due to drought means farmers are reluctant to market the new crop. NAU Country Vice President of Farm Services Rich Morrison says an options strategy will help farmers take advantage of high prices without committing bushels to an…

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Pay Close Attention to South America

Published April 14, 2021

NAU Country Vice President of Farm Services Rich Morrison says traders continue to pay close attention to the South American crop for any production and supply issues. "The Brazilian crop estimates have been big. Looking out at the satellite maps…

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Getting Prevent Plant Acres Back in Production

Published April 2, 2021

The U.S. had 10 million acres of prevent plant last year. NAU Country Insurance Vice President of Farm Services Rich Morrison thinks there’s a good chance most of those acres will get planted in the spring. "USDA added four million…

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Consider the Enhanced Crop Insurance Coverage

Published March 11, 2021

A higher spring base price for crop insurance may allow farmers to take advantage of the Enhanced Coverage Option on their crop insurance. NAU Country Vice President of Farm Services Rich Morrison says higher commodity prices mean farmers have something…

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Range-Bound Grain Market Seeks Directon

Published March 3, 2021

While the trading ranges are very large, NAU Country Vice President of Farm Services Rich Morrison says this grain market is range bound looking for direction. "We set new all-time highs in the soybeans overnight. The fundamentals haven't changed a…

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Funds Holding Long Positions for Corn and Soybean Markets

Published January 5, 2021

NAU Country Vice President of Farm Services Rich Morrison thinks the recent buying in the ag markets was all about money flow. "We looked at the Commitment of Traders Report and the funds are holding easily the largest long position…

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Record Long Positions and a Risk of China Cancellations

Published November 25, 2020

With soybeans bumping against $12, NAU Country Vice President of Farm Services Rich Morrison is concerned about market risks. The first is China cancellations. "If the South American crop continues to perform well. I think we all knew it was…

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