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February is here and that means the spring crop insurance averages will be determined for corn and soybean prices. The Thursday and Friday settlements for December corn and November soybeans were well below last year’s monthly averages of $5.91 and $13.76; however, there is still a long ways to go before February is finished (and this month has an extra day in it this year for Leap Year). Here is a look back at seasonal trends in past years and some consideration of what might lie ahead this year.   February price averages over the last 10 years were $4.48 for December corn futures and $10.90 for November soybeans, although those numbers were skewed higher by prices that were relatively much stronger in just the last three years. For monthly price moves, February has edged out as slightly more bullish than bearish over the last 10 years. Six out of 10 years produced higher monthly closes for both corn and soybeans, with an average gain of 19 cents for corn and 51 cents for soybeans. Over four lower monthly closes, corn averaged a drop of 15 cents and soybeans fell 13 cents.   The month of February has an uncertain…

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