Projected prices are used to set guarantees on crop insurance. Projected prices for corn and soybeans with a March 15th closing date are based on settlement prices of Chicago Mercantile Exchange contracts during the month of February. February has come to an end. Based on average settlement prices for the December contract for corn and November contract for soybeans, projected prices are:
RMA will announce official prices in the near future.
Disclaimer: We request all readers, electronic media and others follow our citation guidelines when re-posting articles from farmdoc daily. Guidelines are available here. The farmdoc daily website falls under University of Illinois copyright and intellectual property rights. For a detailed statement, please see the University of Illinois Copyright Information and Policies here.