Price History

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RH News | 2008 Harvest Prices as of October 6, 2008

Crop Revenue Coverage

Corn - CO, CT, DE, ID, IL, IN, IA, KS, KY, ME, MD, MA, MI, MN, MO, MT, NE, NH, NJ, NM, NY, ND, OH, OK, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
The estimated fall harvest price for corn for the above states is calculated from the October average of the December corn contract on the Chicago Board of Trade for counties with a March 15 sales closing date.

Estimated Harvest Price -- $4.64

2008 Base Price -- $5.40

Grain Sorghum - CO, IL, IN, IA, KS, KY, MD, MN, MO, NE, NM, ND, OH, OK, SD, TN, TX, VA, WI
The estimated fall harvest price for grain sorghum for the above states is calculated from a percentage determined by RMA of the October average of the December grain sorghum contract on the Chicago Board of Trade for counties with a March 15 sales closing date.

Estimated Harvest Price -- $4.35

2008 Base Price -- $5.06

Rice - AR, CA, FL, LA, MO, MS, OK, TN, TX
The estimated fall harvest price for rice for the above states is calculated from the October average of the November rice contract on the Chicago Board of Trade for counties with a February 15 or February 28 sales closing date.

Estimated Harvest Price -- $.182

2008 Base Price -- $.144

Soybeans - CO, DE, IL, IN, IA, KS, KY, MD, MI, MN, MO, NE, NJ, NY, ND, OH, OK, PA, SD, TN, TX, VA, WV, WI
The estimated fall harvest price for soybeans for the above states is calculated from the October average of the November soybeans contract on the Chicago Board of Trade for counties with a March 15 sales closing date.

Estimated Harvest Price -- $10.36

2008 Base Price -- $13.36

Group Risk Income Protection

Corn - CO, DE, ID, IL, IN, IA, KS, KY, MD, MI, MN, MO, NE, NJ, NY, ND, OH, OK, OR, PA, SD, TN, TX, UT, VA, WA, WV, WI, WY
The estimated fall harvest price for corn for the above states is calculated from the October average of the December corn contract on the Chicago Board of Trade for states with a March 15 sales closing date.

Estimated Harvest Price -- $4.64

2008 Base Price -- $5.40

Grain Sorghum - CO, IL, KS, MO, NE, NM, OK, SD, TX
The estimated fall harvest price for grain sorghum for the above states is calculated from a percentage determined by RMA of the October average of the December grain sorghum contract on the Chicago Board of Trade for counties with a March 15 sales closing date.

Estimated Harvest Price -- $4.35

2008 Base Price -- $5.06

Soybeans - DE, IL, IN, IA, KS, KY, MD, MI, MN, MO, NE, NJ, ND, OH, OK, SD, TN, VA, WI
The estimated fall harvest price for soybeans for the above states is calculated from the October average of the November soybeans contract on the Chicago Board of Trade for counties with a March 15 sales closing date.

Estimated Harvest Price -- $10.36

2008 Base Price -- $13.36

Income Protection

Soybeans - AR, IA, IL, IN
The estimated fall harvest price for soybeans for the above states is calculated from the October average of the November soybeans contract on the Chicago Board of Trade for counties with a March 15 sales closing date.

Estimated Harvest Price -- $10.36

2008 Base Price -- $13.36

Revenue Assurance

Rice - AR, LA
The estimated fall harvest price for rice for the above states is calculated from the October average of the November rice contract on the Chicago Board of Trade.

Estimated Harvest Price -- $.182

2008 Base Price -- $.144

Soybeans - AR, CO, IL, IN, IA, KS, KY, LA, MI, MN, MO, NC, NE, ND, OH, OK, SD, TN, VA
The estimated fall harvest price for soybeans for the above states is calculated from the October average of the November soybeans contract on the Chicago Board of Trade for counties with a March 15 sales closing date.

Estimated Harvest Price -- $10.16

AR, LA, NC 2008 Base Price 2008 Base Price -- $12.81

CO, IL, IN, IA, KS, KY, MI, MN, MO, NE, ND, OH, OK, SD, TN, VA 2008 Base Price - $13.36

Sunflowers (oil) - CO, KS, MN, MT, ND, SD
The estimated fall harvest price for sunflowers (oil) for the above states is calculated from the October average of 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 for counties with a March 15 sales closing date.

Estimated Harvest Price -- $.227

2008 Base Price -- $.317

Sunflowers (confectionery) - CO, KS, MN, MT, ND, SD
The estimated fall harvest price for sunflowers (confectionery) for the above states is calculated from the October average of the December soybean oil contract on the Chicago Board of Trade plus an adjustment as determined by RMA based on the difference between the USDA estimate available in January of the harvest year of the harvest year's sunflowers (confectionary type) season average price and the harvest year's sunflowers (oil type) season average price, rounded to the nearest one-tenth of a cent for counties with a March 15 sales closing date.

Estimated Harvest Price -- $.252

2008 Base Price -- $.342

Updated 10/06/08

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