The spring and fall prices (2014-18) used in the Common Crop Insurance Policy are illustrated in this week’s graph. Over the period shown, the fall soybean price was lower than the spring price four of five years. The fall corn price was lower than the spring price all five of the five years shown. This may be indicative of the risk premium often available in the spring that makes pre-harvest sales often at higher prices than fall opportunities. The 2018 fall soybean price was 15 percent below the spring price; the fall corn price was 7 percent below the spring price.
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