Weekly Market Outlook: Feb. 14-18th - Record Price Levels for Crop Insurance?

Chris talks with Peter Meyer with S+P Global. Peter talks about numerous conditions that are currently impacting commodity prices including Interest rate hikes, demand, South American production, money flow, and the Russia Ukraine situation. Pete worries that the high price levels we are seeing now are unhealthy for the future as this will continue to drive input prices even higher in the near term and years to come. As of Feb 11th the insurance prices are at $5.79 for corn and $14.07  for soybeans.  With only 10 trading days left we will likely see record levels of insurance coverage. Stay tuned and we will have much more on the insurance opportunities in the next few weeks.