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2016 Harvest Prices and High Yields Imply Low Crop Insurance Payments in Illinois


Harvest prices used to determine crop insurance payments for corn and soybeans policies in Midwest states are based on settlement prices of Chicago Mercantile Exchange (CME) during the month of October. October has come to an end, and 2016 harvest prices are known. The 2016 harvest price for corn is $3.49 per bushel, 10% lower than the $3.86 projected price. The soybean harvest price is $9.75 per bushel, 10% higher than the $8.85 projected price.

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Soybeans Spread to Southwestern North Dakota

More farmers in southwestern North Dakota are adding soybeans to their rotations, finding new varieties and crop insurance options, combined with the financial viability of the crop....
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