Source: FARM DOC DAILY, UNIV. OF ILLINOS, 3/1/18


The price discovery period used to determine projected prices and volatility factors for federally sponsored corn and soybean crop insurance products for 2018 is completed. For the majority of the Cornbelt, the approved Projected Price (PP) for corn is $3.96 and the volatility factor is .15. For soybeans, the Projected Price is $10.19 with a volatility factor of .14. For comparison, the 2017 prices and (volatility factors) were $3.96 (.19) and $10.19 (.16) for corn and soybeans respectively. The Projected Prices are used to determine a guarantee revenue based on futures prices, and do not reflect local basis. The Projected Price for corn is determined by averaging the closing December futures price during the trading days of February, and for soybeans by averaging the November Futures closing prices during February.

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