October 31 was the last day to determine the final harvest price for corn and soybeans (plus some other crops). The final harvest price for corn was $4.88 and soybeans was $12.84. This compares to the spring discovery price of $5.91 and $13.76, respectively.
The final corn price was about 17.4% lower than the spring price. For farmers who elected 85% coverage and their final yield was no greater than their APH, crop insurance proceeds will result.
