By Todd Davis
Assistant Extension Professor
Grain Marketing and Risk Management, UK Department of Agricultural Economics
Story featured in the February 2020 Economic and Policy Update
The projected prices for revenue protection (RP) insurance for corn and soybeans are currently being determined. RP insurance initial price guarantee is the average of the closing prices for the December and November futures contracts for corn and soybeans, respectively, in February. As of February 20,2020, the average prices are $3.92 and $9.20 for corn and soybeans. If realized, the RP guarantees for corn and soybeans would be $0.08/bushel and $0.34/bushel lower than last year’s guarantee.