When does your price get set?
Your revenue guarantee is built from two averages — a projected price before you plant, and a harvest price at the end. RMA decides when each one is taken, and it is not the same month everywhere.
Corn and soybean harvest prices are set in October.
Across most of the country. Eight southern states discover in August instead — pick your state and this page will only show you yours.
USDA RMA is averaging settlements for 12 crop and type combinations today, the earliest closing September 14 (3 days left). Figures are RMA’s own running average to date, mirrored without recalculation, and none is final until its window closes. Conventional and Organic are priced separately. Pick your state above and this page will show only yours, state by state.
| Crop | Conventional | Organic | States |
|---|---|---|---|
| Corn · All (Non-High Amylose)December CBOT · closes Sep 14 | $5.24 | $8.28 | 2 |
| Corn · All (Non-High Amylose)December CBOT · closes Sep 30 | $5.37 | $8.49 | 3 |
| Soybeans · AllNovember CBOT · closes Sep 30 | $13.16 | — | 1 |
| Grain Sorghum · AllDecember CBOT · closes Sep 30 | $5.36 | $10.39 | 4 |
| Oats · SpringDecember CBOT · closes Sep 30 | $4.31–$5.54 | $8.23–$10.57 | 3 |
| Barley · SpringDecember CBOT · closes Sep 30 | $6.28 | $9.98 | 1 |
| Canola · SpringNovember ICE · closes Sep 30 | $0.275 | $0.275 | 7 |
| Canola · Spring RapeseedNovember ICE · closes Sep 30 | $0.296 | $0.296 | 6 |
| Cotton · AllDecember ICE · closes Sep 30 | $0.88 | $1.42 | 1 |
| Flax · SpringNovember ICE · closes Sep 30 | $16.30 | $38.63 | 5 |
| Rice · Long GrainNovember CBOT · closes Sep 30 | $0.159 | $0.213 | 4 |
| Rice · Short/Medium GrainNovember CBOT · closes Sep 30 | $0.191 | $0.256 | 4 |
Corn
OctoberThe projected price is $4.62 /bu, the February average of December CBOT corn settlements. The harvest price is the same contract averaged across October 1–31. Your guarantee is locked at the projected price and rises only if October finishes above it.
Soybeans
OctoberThe projected price is $11.09 /bu, the February average of November CBOT soybean settlements. The harvest price is that contract averaged across October 1–31, on the same up-only rule.
Those are the Corn Belt's windows. Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, South Carolina and Texas discover corn in August, or mid-August to mid-September. Pick your state above for your own dates.
What your guarantee is worth
Revenue Protection starts at APH yield × coverage level × projected price, and rises to the harvest price if that average finishes higher. It never recalculates down.
Estimate at 100% price election, computed on your device and stored nowhere. Your actual guarantee depends on unit structure, practice and county — confirm it with your agent. Then fold that floor into your own costs with the break-even calculator.
Fifteen years of projected vs. harvest
The question every Revenue Protection decision quietly asks: how often does the harvest price finish below the projected price? For corn, 10 of the last 15 crop years (2011–2025). For soybeans, 10 of 15. That history is why the price side of RP exists.
Year by year, 2011–2026 corn and soybeans
| Crop year | Corn proj. | Corn harvest | Beans proj. | Beans harvest |
|---|---|---|---|---|
| 2011 | $6.01 | ▲ $6.32 | $13.49 | ▼ $12.14 |
| 2012 | $5.68 | ▲ $7.50 | $12.55 | ▲ $15.39 |
| 2013 | $5.65 | ▼ $4.39 | $12.87 | $12.87 |
| 2014 | $4.62 | ▼ $3.49 | $11.36 | ▼ $9.65 |
| 2015 | $4.15 | ▼ $3.83 | $9.73 | ▼ $8.91 |
| 2016 | $3.86 | ▼ $3.49 | $8.85 | ▲ $9.75 |
| 2017 | $3.96 | ▼ $3.49 | $10.19 | ▼ $9.75 |
| 2018 | $3.96 | ▼ $3.68 | $10.16 | ▼ $8.60 |
| 2019 | $4.00 | ▼ $3.90 | $9.54 | ▼ $9.25 |
| 2020 | $3.88 | ▲ $3.99 | $9.17 | ▲ $10.55 |
| 2021 | $4.58 | ▲ $5.37 | $11.87 | ▲ $12.30 |
| 2022 | $5.90 | ▲ $6.86 | $14.33 | ▼ $13.81 |
| 2023 | $5.91 | ▼ $4.88 | $13.76 | ▼ $12.84 |
| 2024 | $4.66 | ▼ $4.16 | $11.55 | ▼ $10.03 |
| 2025 | $4.70 | ▼ $4.22 | $10.54 | ▼ $10.35 |
| 2026 | $4.62 | — | $11.09 | — |
Corn and soybean figures are the December corn / November soybean CBOT contracts. ▼ red = harvest finished below projected; ▲ green = above. A discovery price is a plain average of daily settlements — about 19 trading days in February, 22 in October — so early in a window one limit move swings it hard, and by mid-month the same move barely nudges it. That is why every in-window figure on this page is labelled a running estimate and carries its day count.
Key figures at a glance
- The 2026 projected price is $4.62 for corn and $11.09 for soybeans (February average of December corn / November soybean CBOT settlements). Per-state projected prices differ — Georgia's 2026 corn projected price is $4.42.
- Corn’s harvest price has finished below its projected price in 10 of the last 15 crop years (2011–2025); soybeans’ in 10 of 15.
- The biggest single-year harvest rally was 2012 corn: $5.68 projected → $7.50 harvest, lifting standard Revenue Protection guarantees (policies without the harvest-price exclusion) by 32% in one October.
- The steepest percentage fall was 2014 corn: $4.62 → $3.49 (−24%), the kind of year the price side of RP is bought for.
Every state's corn harvest window
Reference. Windows, not months — Arkansas and Mississippi straddle mid-August to mid-September and belong to neither.
Use the picker at the top of the page to choose your state.
Common questions
How is the projected price set?
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. 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.
How is the harvest price set?
The same contract, averaged across every trading day in October. Revenue Protection uses the higher of the projected or harvest price, so an October rally raises your guarantee; a decline does not lower it.
How often does the harvest price come in below the projected price?
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 prices.rma.usda.gov and talk to your own agent about what it means for your policy.
Why do other crops show different months?
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 July contract of harvest year — Kansas City for hard red winter states, Chicago for soft red — discovered in a late-summer window before planting; spring wheat keys off September Minneapolis futures. Exact windows vary by state; those tracks are added here once verified.
What about cotton and peanuts?
Both are here, and pick your state to see them. Cotton discovers against the ICE December contract in 17 states — a projected price of $0.6900 /lb set January 15 to February 14, and a harvest window that is September, October or November depending on the state. Peanuts run on the same calendar in 13 states, priced separately by type: Runners $0.2455 /lb, Virginia $0.2848, Spanish $0.3191. The difference is that peanuts have no exchange and no contract month behind them — RMA sets that price without a futures board, so there is a window but nothing to watch trade during it.
Are these the official RMA prices?
No. These are RMA's own published figures, mirrored from their price discovery service. 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 — verify at prices.rma.usda.gov and talk to your agent.
Built and maintained by a licensed crop-insurance agent. Questions: sig@farmers1st.com · 715-797-2428. Nothing here is insurance, marketing, or financial advice; official prices are set by the USDA Risk Management Agency. Not affiliated with or endorsed by USDA or RMA.