Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 3/1/19

The price discovery period used to determined projected prices and volatility factors for federally sponsored corn and soybean crop insurance products for 2019 is completed.  For the majority of the Cornbelt, the approved Projected Price (PP) for corn is $4.00 and the Volatility Factor (Vol) is .15, and for soybeans, the Projected Price is $9.54 with a Volatility Factor of .12.  Table 1 below contains the historic Projected Prices, Volatility Factors, and Harvest Prices from 2011 to present.  The Projected Price and Harvest Price (HP) are used to determine guaranteed revenue based on futures prices, and do not reflect the local cash basis.  

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