Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 3/28/17


This year's projected prices for crop insurance are $3.96 per bushel for corn and $10.19 per bushel for soybeans, giving a soybean-to-corn price ratio of 2.57. The 2.57 ratio is high compared to similar ratios in previous years, indicating that soybeans are projected to have higher returns than corn. However, the soybean-to-corn price ratio calculated based on projected prices are not that predictive of the price ratio during the harvest period, suggesting price protection should be taken if switching acres to soybeans. 

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