A few more pieces of the puzzle have come together for the 2018 crop year. We now know what the crop insurance guarantees will be. The base price was set at $3.96 for corn which is identical to 2017 and $10.16 for soybeans which is .03 lower than last year. It is a little weird that these base prices came so close to 2017's base prices. Despite the prices being similar to last year, the volatility factors used to determine the premiums are quite a bit lower. You should expect your crop insurance premiums to be lower as a result.