Now You Can Get Thanksgiving Turkey Insurance!

Agriculture
Now You Can Get Thanksgiving Turkey Insurance!

I’m Clinton Griffiths with today’s AgDay Minute.

Grain commodities, seeing a big rally on Tuesday after the U.S. Department of Agriculture released new information about this year’s crop. USDA now calling for a drop in yields and overall production for both corn and soybeans but the big story from the report, how much crop is being stored right now. 1.7 billion bushels of corn. With exports raised by 325-million bushels. If that happens, that would be a new record high. Soybeans stocks are at just 190-million bushels. If that occurs, it would be the lowest level in the past seven years! Wheat is relatively unchanged.

More people are brewing their own coffee at home. The Wall Street Journal reports, retail coffee sales are up about 10-percent so far this year, and sales of coffee makers are up to 28-percent since the start of the pandemic. Dunkin’ and Starbucks, meanwhile, are pushing to get customers back into cafes.

How about this, Thanksgiving meal insurance! Whole Foods is teaming up with Progressive to offer insurance on the turkey. The promotion amounts to a free 35-dollar Whole Foods gift card to customers who quote “commit a turkey cooking fail” endquote. To get in on the offer, you have to buy a Whole Foods-branded turkey from Whole Foods between now and November 22nd. If it winds up overcooked, undercooked, burnt, or dry, you send in a claim with a receipt and picture to a special website. The offer is limited to 1-thousand customers.

For more Ag news watch AgDay, weekdays on this station. Or anytimeat agweb.com.

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