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RH News | 2010 Base Prices as of February 26, 2010

Crop Revenue Coverage

Corn -- CO, CT, DE, IA, ID, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, MT, ND, NE, NH, NJ, NM, NY, OH, OK, OR, PA, RI, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY -- March 15th Sales Closing Date
The estimated base price for corn for the above states and sales closing date is calculated from February 1st to February 28th on the December corn contract on the Chicago Board of Trade.
Estimated Base Price — $3.99

Grain Sorghum - CO, DE, IA, IL, IN, KS, KY, MD, MO, ND, NE, NJ, NM, OH, OK, PA, SD, TN, TX, VA, WI -- March 15th Sales Closing Date
The estimated base price for grain sorghum for the above states and sales closing date is calculated from February 1st to February 28th on 97.7% of the December corn contract on the Chicago Board of Trade.
Estimated Base Price — $3.90

Soybeans -- CO, DE, IA, IL, IN, KS, KY, MD, MI, MN, MO, ND, NE, NJ, NY, OH, OK, PA, SD, TN, TX, VA, WI, WV -- March 15th Sales Closing Date
The estimated base price for soybeans for the above states and sales closing date is calculated from February 1st to February 28th on the November soybean contract on the Chicago Board of Trade.
Estimated Base Price — $9.23

Spring Wheat -- CO, MN, MT (Daniels and Sheridan counties only), ND, SD, WY -- March 15th Sales Closing Date
The estimated base price for spring wheat for the above states and sales closing date is calculated from February 1st to February 28th on the September hard red spring wheat contract on the Minneapolis Grain Exchange.
Estimated Base Price — $5.43

Durum Wheat  -- SD, ND, MT – March 15th Sales Closing Date
The estimated base price for spring durum wheat for the above states and sales closing date is calculated from February 1st to February 28th on the September hard red spring wheat contract on the Minneapolis Grain Exchange.
Estimated Base Price — $6.22

Group Revenue Income Protection

Corn -- IA, IL, IN, MI, MN, MO, NE,OH, SD, WI - March 15th Sales Closing Date
The estimated base price for corn for the above states and sales closing date is calculated from February 1st to February 28th on the December corn contract on the Chicago Board of Trade.
Estimated Base Price — $3.99

Grain Sorghum -- KS, TX -- March 15th Sales Closing Date
The estimated base price for grain sorghum for the above states and sales closing date is calculated from February 1st to February 28th for the December corn contract at 97.7% on the Chicago Board of Trade.
Estimated Base Price — $3.90

Soybeans -- IA, IL, IN, MI, MN, MO, NE, OH, SD, WI - March 15th Sales Closing Date
The estimated base price for soybeans for the above states and sales closing date is calculated from February 1st to February 28th on the November soybean contract on the Chicago Board of Trade.
Estimated Base Price -- $9.23

Spring Wheat -- MN, MT, ND, SD -- March 15th Sales Closing Date
The estimated base price for spring wheat for the above states and sales closing date is calculated from February 1st to February 28th on the September hard red spring wheat contract on the Minneapolis Grain Exchange.
Estimated Base Price — $5.43

Income Protection

Barley -- ID, MN, MT, ND, OR, SD, WA -- March 15th Sales Closing Date
The estimated base price for barley for the above states and sales closing date is calculated from February 1st to February 28th for 85% of the September corn contract on the Chicago Board of Trade.
Estimated Base Price — $3.33

Corn -- IA, IL, IN -- March 15th Sales Closing Date
The estimated base price for corn for the above states and sales closing date is calculated from February 1st to February 28th for the December corn contract on the Chicago Board of Trade.
Estimated Base Price — $3.99

Grain Sorghum -- TX -- March 15th Sales Closing Date
The estimated base price for grain sorghum for the above sales closing date is calculated from February 1st to February 28th for 97.7% of the December corn contract on the Chicago Board of Trade.
Estimated Base Price — $3.90

Soybeans -- IA, IL, IN -- March 15th Sales Closing Date
The estimated base price for soybeans for the above states and sales closing date is calculated from February 1st to February 28th for the November soybean contract on the Chicago Board of Trade.
Estimated Base Price — $9.23

Spring Wheat -- MN, MT, ND, SD -- March 15th Sales Closing Date
The estimated base price for spring wheat for the above states and sales closing date is calculated from February 1st to February 28th for the September wheat contract on the Chicago Board of Trade.
Estimated Base Price — $5.32

Revenue Assurance

Barley -- CO, ID, MN, MT, OR, ND, SD, WA -- March 15th Sales Closing Date
The estimated base price for barley for the above states and sales closing date is calculated from February 1st to February 28th for 82.1% of the September corn contract on the Chicago Board of Trade.
Estimated Base Price — $3.22

Canola -- ID, MN, MT, ND, OR, WA -- March 15th Sales Closing Date
The estimated base price for canola for the above states and sales closing date is calculated from February 1st to February 28th for the November canola contract on the Winnepeg Commodity Exchange converted from Canadian dollars/metric ton to U.S. dollars/bushel.
Estimated Base Price — $0.172

Corn -- CO, IL, IN, IA, KS, KY, MI, MN, MO, NE, ND, OH, OK, SD, TN, VA -- March 15th Sales Closing Date
The estimated base price for corn for the above states and sales closing date is calculated from February 1st to February 28th for the December corn contract on the Chicago Board of Trade.
Estimated Base Price — $3.99

Soybeans -- CO, IL, IN, IA, KS, KY, MI, MN, MO, ND, NE, OH, OK, SD, TN, VA -- March 15th Sales Closing Date
The estimated base price for soybeans for the above states and sales closing date is calculated from February 1st to February 28th for the November soybean contract on the Chicago Board of Trade.
Estimated Base Price — $9.23

Spring Wheat -- CO, MN, MT, ND, NE, SD, WY -- March 15th and September 30 Sales Closing Date
The estimated base price for spring wheat for the above states and sales closing date is calculated from February 1st to February 28th for the September hard red spring wheat contract on the Minneapolis Grain Exchange.
Estimated Base Price — $5.43

Durum Wheat – SD,MT -- March 15th and September 30 Sales Closing Date
The estimated base price for spring wheat for the above states and sales closing date is calculated from February 1st to February 28th for the September hard red spring wheat contract on the Minneapolis Grain Exchange.
Estimated Base Price — $5.43

Durum Wheat  -- SD, ND, MT – March 15th Sales Closing Date
The estimated base price for spring durum wheat for the above states and sales closing date is calculated from February 1st to February 28th on the September hard red spring wheat contract on the Minneapolis Grain Exchange.
Estimated Base Price — $6.22

Sunflowers (oil) -- CO, KS, MN, MT, NE, ND, SD, TX, WY -- March 15th Sales Closing Date
The estimated base price for sunflowers for the above states and sales closing date is calculated from February 1st to February 28th for the December soybean oil contract on the Chicago Board of Trade divided by two, add one cent per pound, and round to the nearest one-tenth of a cent.
Estimated Base Price — $0.208

Sunflowers (confectionery) -- CO, KS, MN, MT, NE, ND, SD, TX, WY -- March 15th Sales Closing Date
The estimated base price for sunflowers for the above states and sales closing date is calculated from February 1st to February 28th for the December soybean oil contract on the Chicago Board of Trade divided by two, add one cent per pound, and round to the nearest one-tenth of a cent.
Estimated Base Price — $0.258

 

Updated 02/26/10

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