There’s concern recent dealings between Russia and China could eventually cut into U.S. ag export demand.
The two world powers have announced a trade deal on energy products worth more than $117 billion and China also agreed to lift restrictions on Russian wheat imports.
Mike Zuzolo with Global Commodity Analytics says there could be many implications that farmers should account for when managing risk.
“The per-acre revenue in soybeans is at a 14-year high and we’re in the middle of crop insurance month, and there’s a way to manage that risk.