The crop insurance values should be approved by the Risk Management Agency early this week. Recapping the February averages, the corn insurance value is $4.58 per bushel. That’s up 18 percent year-over-year. Soybeans are at $11.87, up 29 percent and spring wheat averaged $6.53, up 17 percent. The crop insurance price for corn hasn’t been this high since 2014. For soybeans, it is the highest crop insurance average since 2013.
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