By DTN Staff

OMAHA (DTN) -- The month of October is important for growers in the key Corn Belt states who purchase revenue-based crop insurance policies. It's when the harvest prices for those policies are set.

During October, DTN will post a running tally of the December corn and November soybean averages in Ag News.

As of Oct. 10, the running average is $4.19 per bushel for corn and $10.19 per bushel for soybeans.

October 2025	Dec	Nov
dates	Corn	Soybeans
10/1	4.1650	10.1300
10/2	4.2175	10.2375
10/3	4.1900	10.1800
10/6	4.2175	10.1775
10/7	4.1975	10.2200
10/8	4.2200	10.2950
10/9	4.1825	10.2225
10/10	4.1300	10.0675
10/13
10/14
10/15
10/16
10/17
10/20
10/21
10/22
10/23
10/24
10/27
10/28
10/29
10/30
10/31
October 2025 Average	$4.19	$10.19
Spring 2024 Average	$4.70	$10.54
October 2024 Average	$4.16	$10.00

For the vast majority of spring-planted crops, planting price guarantees calculated in February were corn $4.70 and soybeans $10.54.

You can also check out a running tally of RMA's harvest prices and prices recently in discovery here: http://prodwebnlb.rma.usda.gov/….

Revenue policies with harvest-price protection cover losses caused by a difference in the harvest price (determined in October) from the projected price (determined in February). They also cover revenue losses in the event prices tumble between planting and harvest, as they did for corn in 2008.

For producers in 31 states, the closing price of the December corn contract during each trading day of February is averaged to determine a revenue-insurance-projected price guarantee. The November contract closes are averaged during February for projected price for soybean revenue-based insurance contracts. The September Minneapolis spring wheat closes are averaged for wheat revenue insurance. States with earlier planting have their spring guarantees set at a different time.

"The amount of insurance protection is based on the greater of the projected price or the harvest price," according to the Risk Management Agency's website. "If the harvested plus any appraised production multiplied by the harvest price is less than the amount of insurance protection, the producer is paid an indemnity based on the difference."

Revenue protection policies with harvest price exclusion insure based on the projected price only. "The amount of insurance protection is not increased if the harvest price is greater than the projected price," RMA states.

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