Posted 5/17/2023 16:49 (#10232841) Subject: Charts aside...looking at RP insurance
NE IA
We are near 85% insurance price levels at this time.
We could still drop another .25 corn and another .85 on beans to reach 80%. Conspiracy theorists say price gravitates to slightly above insurance levels to prevent indemnity payments.
Or anther theory is that most farmers and traders know these levels and market accordingly, which moves market to this outcome in a self-fulfilling prophecy.
Charts aside...looking at RP insurance
