Crop Insurance Guarantee 2019 – Will Lower Bean Prices Mean Fewer Acres?
The Spring crop insurance price discovery period for corn and soybeans wrapped up at the end of February. The final numbers show corn at $4.00 per bushel which is basically unchanged from the 2018 and 2017 values of $3.96. Soybeans ended the period at $9.54 which is down 6.5% from 2018 and the lowest level since 2016’s $8.85. The change in the price relationship is sure to get a few people thinking about where soybean and corn acreages might land in 2019. (more…)