QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK (Continued)
−Removed: For detailed information regarding the Company’s market risk sensitive instruments and positions, see Item 7A, “Quantitative and Qualitative Disclosures About Market Risk” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.
The availability and prices of agricultural commodities are subject to wide fluctuations due to factors such as changes in weather conditions, crop disease, plantings, government programs and policies, competition, changes in global demand, changes in customer preferences and standards of living, and global production of similar and competitive crops.
5 unchanged sentences
The highest, lowest, and average weekly position together with the market risk from a hypothetical 10% adverse price change is as follows:
−Removed: Three months ended Year ended
−Removed: March 31, 2023 December 31, 2022
+Added: Six months ended Year ended
+Added: June 30, 2023 December 31, 2022
Long/(Short) (In millions)
3 unchanged sentences
Average position 278 28 388 39
−Removed: The change in fair value of the average position was due to the overall decrease in average quantities, partially offset by the increase in prices of certain commodities.
+Added: The change in fair value of the average position was due to the decrease in prices of certain commodities and, to a lesser extent, the overall decrease in average quantities.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.