High Stakes Poker, or just another year of decision-making for US agricultural producers?

Chris and Duane Lowry discuss last week's USDA report, South American weather, and potential seasonal market influencers, all amid a backdrop of reduced profitability offerings vs several weeks ago. With 2023 crop production costs likely the highest in history, how will producers analyze prices, profitability and possible crop rotation decisions in the weeks ahead? With some regions experiencing severe soil moisture deficiencies, everyone experiencing record costs of production and revenue calculations lower now than much of the past 3 months, what will be the driving forces behind the decision-making process when it comes to both marketing and acreage mix decisions for 2023 production? What should be the focus for remaining unsold 2022 bushels? The decision process isn't simple or without consequences, but it may be better to engage the process now and formulate a plan, as opposed to choosing not to engage and have no plan.