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Illinois lawmakers including Senator Dick Durbin and Representatives Eric Sorensen and Nikki Budzinski asked USDA to review counties and crops with consistently high federal crop insurance premiums. They also asked USDA to consider refunds for the current crop year.
The request cites Midwestern loss ratios below 0.80 in an NDSU analysis.
Lower premiums would reduce input costs for Midwestern corn and soybean growers and could support planting decisions. The request is not yet policy and has no immediate price impact.
starcourier.comNov 12, 2026After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
