2026 harvest price so far: corn $4.81, soybeans $12.72

In most Corn Belt states, it's the average daily settlement of the December corn (or November soybean) futures contract across every trading day in February, rounded to the nearest cent. The exceptions: corn’s projected price is averaged January 15 to February 14 in 11 states (Alabama, Arizona, Arkansas, California, Florida, Georgia, Louisiana, Mississippi, Nevada, North Carolina and South Carolina), and on earlier dates in part of Texas; Alabama, Florida, Georgia, Louisiana, South Carolina and part of Texas price corn on the September contract; and Alabama, Delaware, Florida, Georgia, Maryland, North Carolina, Oklahoma, South Carolina, Virginia and West Virginia price soybeans on the January 2027 contract. That number, times your coverage level, times your APH yield, is your minimum per-acre revenue guarantee; under Revenue Protection it rises to the harvest price if October averages higher.

In most Corn Belt states, the same contract, averaged across every trading day in October. Outside the Corn Belt the window moves. Corn: Alabama, Florida, Georgia, Louisiana and South Carolina discover in August; Arkansas and Mississippi mid-August to mid-September; North Carolina and Oklahoma in September; Idaho, Michigan, Oregon and Washington in November; Texas in August or September, by the county's sales closing date. Soybeans: Alabama, Delaware, Florida, Georgia, Maryland, North Carolina, Oklahoma, South Carolina, Virginia and West Virginia discover in November, on the January 2027 contract; Texas in September or October, by the county's sales closing date. Revenue Protection uses the higher of the projected or harvest price, so an October rally raises your guarantee; a decline does not lower it. The harvest price counts up to 200% of the projected price. Revenue Protection with Harvest Price Exclusion and Yield Protection do not raise the guarantee.

Across 2011–2025, corn’s harvest price finished below its projected price in 10 of 15 crop years, and soybeans’ in 10 of 15. A lower harvest price never lowers a Revenue Protection guarantee: the policy uses the higher of the two, but it is central to how price-loss indemnities are figured. The full year-by-year table is on this page; verify official figures at RMA Price Discovery, and check your policy's price at RMA.

Each crop, and sometimes each region within a crop, has its own contract and discovery window under RMA's Commodity Exchange Price Provisions. Winter wheat keys off the Kansas City (hard red) or Chicago (soft red) contract, July or September depending on the state, discovered in a window that runs mid-August to mid-October before planting; spring wheat keys off September Minneapolis futures, mostly discovered in February. Exact windows vary by state; check yours at RMA Price Discovery.

Both are here, and pick your state to see them. Cotton discovers against the ICE December contract in 17 states: a projected-price window that runs from mid-December to the end of February depending on the state, and a harvest window that is September, October or November depending on the state. Peanuts are here for 13 states, priced separately by type (Runners, Spanish, Virginia, Valencia) and by state; the price for your state and type is on the page. The difference is that peanuts have no futures contract of their own. RMA sets the peanut price with a formula built on other futures averaged over the discovery window: CBOT wheat, ICE cotton, and CBOT soybean oil and soybean meal (RMA Commodity Exchange Price Provisions, Peanuts). So there is a window, but no peanut contract to watch trade during it.

The crop table is RMA's own published figures, mirrored from its price discovery service. The corn and soybean running average near the top is the same math done here on the settles so far. While a window is open, the figure is RMA's running average to date, not a final price, and it is labelled that way. The official price is RMA's alone. Check your policy's price at RMA Price Discovery.

Coverage level times your APH yield. At 80% coverage on a 200 bu/acre APH, that is 160 bu/acre whose revenue your policy stands behind. A common rule is to keep forward sales made before harvest at or under that figure, because those are the bushels your revenue guarantee is figured on.

In most Corn Belt states, the projected price, set during the February discovery period for corn and soybeans (December corn or November soybean futures averaged across February). The exceptions: corn’s projected price is averaged January 15 to February 14 in 11 states (Alabama, Arizona, Arkansas, California, Florida, Georgia, Louisiana, Mississippi, Nevada, North Carolina and South Carolina), and on earlier dates in part of Texas; Alabama, Florida, Georgia, Louisiana, South Carolina and part of Texas price corn on the September contract; and Alabama, Delaware, Florida, Georgia, Maryland, North Carolina, Oklahoma, South Carolina, Virginia and West Virginia price soybeans on the January 2027 contract. That price, times coverage, times APH, is your per-acre guarantee. If the October harvest price comes in higher, Revenue Protection raises the guarantee to match.

No. Revenue Protection guarantees revenue, not a number of delivered bushels. If you sell bushels you do not grow, you may have to buy them back. The harvest price feature helps, but the production risk is real.

No. Crop insurance guarantees are built on futures prices, not your local cash bid. Your basis, cash minus futures, is a separate decision. The cash bids and basis pages cover that side.