Today is the final day in the crop insurance price discovery period and it has been a wild ride. With one day left, corn is averaging $5.89 per bushel. That compares to $4.58 one year ago. Soybeans are averaging $14.32, up from $11.87 per bushel in 2021. The average price for spring wheat is $9.17 per bushel, up 40 percent from last year’s price of $6.53. Barley is at $5.34 per bushel, up from $4.18 one year ago. Durum prices are averaging $9.41, up significantly from $6.78 per bushel last year. Canola growers are looking at an average price of 0.303 per hundredweight, up from $0.206. Confection sunflowers are at $0.405. That compares to $0.203 a year ago. The oil-type sunflowers are averaging $0.324, up from $0.220 per hundredweight last year. Again, these are not final prices. Today’s trade can still cause changes.
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