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|