2016 Crop Insurance Price Discovery

It is the time of year that RMA watches the futures market to determine an expected price (used in yield and revenue products) and the options market to estimate the price volatility used to rate revenue insurance products.  The following table shows we are currently in price discovery for the February 28 sales closing date for several crops.  These values will be updated through February 14.

Commodity State Name Sales Closing Date Projected Price Market Symbol Projected Price Date Range Projected Price Projected Price Status Price Volatility Price Volatility Status
Rice Mississippi 2/28/2016 ZRX16 01/15 – 02/14 0.117 In Discovery 0.15 In Discovery
Cotton Mississippi 2/28/2016 CTZ16 01/15 – 02/14 0.62 In Discovery 0.15 In Discovery
Corn Mississippi 2/28/2016 ZCZ16 01/15 – 02/14 3.89 In Discovery 0.17 In Discovery
Peanuts Mississippi 2/28/2016 CTZ16,ZLZ16,ZMZ16,ZWZ16 01/15 – 02/14 0.2028 In Discovery 0.10 In Discovery
Soybeans Mississippi 2/28/2016 ZSX16 01/15 – 02/14 8.87 In Discovery 0.14 In Discovery