Spring Price (aka Projected Price)
In short, this is the initial guaranteed value the USDA/RMA gives to your crop based on Dec corn & Nov bean futures during the month of February.
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2026 Spring Price: $4.62 corn $11.09 beans
How do I find the spring price?
How do I find the spring price?
For the most up-to-date price, go to this site:
https://www.rainhail.com/d/ps/prices/projected-prices
Enter in the following in the applicable boxes:
Commodity type: Corn Beans
State: IA or MO
Click: Apply
Find: Projected price is in green, on the far right side of the table
The RMA announces the official price the first week of March.
What does it mean for my policy?
What does it mean for my policy?
Higher spring price guarantees higher crop insurance value for your crop.
The value of your crop will be recalculated in the fall using the Fall Price (aka Harvest Price)
A Revenue Protection policy gives you the higher of the spring or fall price.
How is it decided?
How is it decided?
RMA establishes it throughout the month of February
Average daily close of the CBOT for Dec corn & Nov bean futures
Historical Spring Prices
Historical Spring Prices
2026: currently in discovery
2025: $4.70 corn $10.54 beans
2024: $4.66 corn $11.55 beans
2023: $5.91 corn $13.76 beans
2022: $5.90 corn $14.33 beans
Go back up to 10 years here: https://www.rainhail.com/d/ps/tools/historicalPrices/
Projected price = spring price
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