The sudden switch from drought to too much precipitation in parts of California now begs the question: Is the weather changing, and will California start to dig out from three consecutive years of drought?

For 2023, if you have multiple farms, it might be wise to hedge your bets and elect PLC on some and ARC-CO on the others. Or, if you want the supplemental coverage option, make sure to elect PLC. The chances of either paying this year is remote, at least for corn, soybeans and almost all other crops, according to CPA Paul Neiffer.

While Mexico wants to reduce its imports of corn by 30% to 40% by 2024, Mexico's Deputy Ag Minister Victor Suarez told reporters the country cannot replace its imports of U.S. corn for livestock feed.

It's taken several months, but drought conditions are improving across the country. Details in today's AgDay Minute.