Unless a producer saw greatly reduced yields in 2023 due to drought or other weather issues, it is unlikely that there will be any 2023 ARC-CO payments earned for the 2023 crop year.
Nearby Chicago Board of Trade May corn futures closed at $4.28 per bushel following the release of the World Supply and Demand report on April 11. It's the lowest price April WASDE report since 2020.
Many areas of the upper Midwest are seeing near ideal conditions for the start of spring planting. Farm management analyst Kent Thiesse breaks down what ideal conditions look like.