Dodge City (corn)


RISK MANAGEMENT
CORN *marketing resources* SOYBEAN marketing resources	DISCLAIMER *please read* HOME risk management
Dr. William I. Tierney, Jr. E-mail: wtierney@agecon.ksu.edu Copyright 1998. All rights reserved by author.
Disclaimer: This web page is designed to aid farmers with their marketing and risk management decisions. The risk of loss in trading futures, options, forward contracts, and hedge-to-arrive can be substantial and no warranty is given or implied by the author or any other party. Each farmer must consider whether such marketing strategies are appropriate for his or her situation. This web page does not represent the views of Kansas State University.

MONTHLY AVERAGE CORN PRICE (AVERAGE OF WEDNESDAY PRICES)
(Cents/Bu.)
YEAR	SEP	OCT	NOV	DEC	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	AVG
=	=	=	=	=	=	=	=	=	=	=	=	=	=
1983	329	329	327	322	314	307	315	324	332	335	342	329	325
1984	296	274	278	278	281	280	283	289	288	290	288	267	283
1985	236	231	244	251	248	240	240	245	265	261	226	191	240
1986	161	158	162	167	157	154	161	168	186	193	183	169	168
1987	175	182	183	186	186	197	199	199	202	239	304	288	211
1988	286	283	265	259	261	256	261	253	257	249	245	230	259
1989	225	222	223	224	222	226	234	255	266	269	269	259	241
1990	213	213	214	223	223	227	237	248	245	250	252	239	232
1991	237	237	236	240	250	258	265	257	265	267	255	234	250
1992	218	200	208	218	219	220	227	231	226	217	241	241	222
1993	228	243	273	290	302	293	280	265	269	278	242	236	266
1994	216	215	220	225	229	229	236	241	257	279	303	301	246
1995	313	324	335	357	371	390	404	466	500	490	483	458	407
1996	336	275	255	252	251	260	279	280	276	272	261	276	273
1997	259	255	263	260	260	257	255	238	236	242	230	199	246
1998	177	192	203	200	####	####	####	####	####	####	####	####	####
1999
2000

SEASONAL INDEX (MONTHLY PRICE AS A PERCENT OF SEASON AVERAGE PRICE)

YEAR	SEP	OCT	NOV	DEC	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	AVG
=	=	=	=	=	=	=	=	=	=	=	=	=	=
1983	101%	101%	101%	99%	96%	94%	97%	100%	102%	103%	105%	101%	100%
1984	105%	97%	98%	98%	99%	99%	100%	102%	102%	103%	102%	94%	100%
1985	98%	96%	102%	105%	103%	100%	100%	102%	111%	109%	94%	80%	100%
1986	96%	94%	96%	100%	94%	92%	96%	100%	111%	115%	109%	101%	100%
1987	83%	86%	86%	88%	88%	93%	94%	94%	96%	113%	144%	136%	100%
1988	111%	109%	103%	100%	101%	99%	101%	98%	99%	96%	95%	89%	100%
1989	93%	92%	92%	93%	92%	94%	97%	106%	110%	112%	111%	107%	100%
1990	92%	92%	92%	96%	96%	98%	102%	107%	106%	108%	108%	103%	100%
1991	95%	95%	94%	96%	100%	103%	106%	103%	106%	107%	102%	93%	100%
1992	98%	90%	94%	98%	99%	99%	102%	104%	102%	98%	109%	108%	100%
1993	85%	91%	102%	109%	113%	110%	105%	99%	101%	104%	91%	88%	100%
1994	88%	87%	90%	91%	93%	93%	96%	98%	104%	113%	123%	122%	100%
1995	77%	80%	82%	88%	91%	96%	99%	114%	123%	120%	119%	112%	100%
1996	123%	101%	94%	92%	92%	95%	102%	103%	101%	100%	96%	101%	100%
1997	105%	103%	107%	106%	105%	104%	104%	97%	96%	98%	93%	81%	100%
1998	####	####	####	####									####
1999
2000

MONTHLY AVERAGE NEARBY CORN BASIS (AVERAGE OF WEDNESDAY PRICES)
(Cents/Bu.)
YEAR	SEP	OCT	NOV	DEC	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	AVG
=	=	=	=	=	=	=	=	=	=	=	=	=	=
1983	-31	-17	-22	-13	-18	-20	-33	-31	-17	-14	33	33	-12
1984	9	-4	5	8	10	11	7	6	11	14	40	38	13
1985	16	7	4	4	0	1	8	14	28	28	48	30	16
1986	-5	-12	-9	0	-1	5	2	1	-3	2	11	11	0
1987	0	-2	-1	-4	-11	-3	-8	-6	-11	-31	-13	-4	-8
1988	-8	-8	-8	-20	-17	-14	-18	-15	-13	-13	-3	2	-11
1989	-7	-16	-15	-16	-17	-18	-20	-18	-19	-17	-2	7	-13
1990	-17	-18	-10	-14	-13	-13	-17	-8	-3	10	16	-7	-8
1991	-15	-13	-7	-12	-7	-7	-9	3	6	10	15	15	-2
1992	-1	-9	-3	-2	1	7	3	2	-3	-1	-1	2	0
1993	-10	-6	-2	-4	1	0	-6	-3	3	6	19	16	1
1994	-5	-1	4	-5	-4	-4	-10	-8	-4	5	14	19	0
1995	11	2	7	5	8	12	15	15	21	26	92	94	26
1996	14	-10	-13	-13	-15	-20	-21	-20	-3	6	17	13	-6
1997	-7	-25	-12	-16	-13	-12	-19	-12	-12	-1	-8	-8	-12
1998	-31	-29	-16	-22	0	0	0	0	0	0	0	0	-8
1999
2000


		CASH PRICES						NEARBY BASIS
		10 YEAR SEAS. INDEX						10 YEAR SEASONAL
				AVG	AVG					AVG	AVG
			STD	+STD	-STD	THIS			STD	+STD	-STD	THIS
		AVG	DEV	DEV	DEV	YEAR		AVG	DEV	DEV	DEV	YEAR
MONTH		(% of Season Avg. Price)				(c/bu)		(Cents/Bu.)
=		=	=	=	=	=		=	=	=	=	=
SEP		97%	13%	109%	84%	177		-5	10	5	-14	-31
OCT		94%	8%	102%	86%	192		-10	8	-3	-18	-29
NOV		95%	7%	102%	88%	203		-6	7	1	-13	-16
DEC		97%	6%	103%	91%	200		-10	7	-2	-17	-22
JAN		98%	7%	105%	92%			-8	8	1	-16
FEB		99%	5%	104%	94%			-7	10	3	-17
MAR		101%	3%	105%	98%			-10	11	1	-21
APR		103%	5%	108%	98%			-6	10	4	-17
MAY		105%	7%	112%	98%			-3	11	8	-13
JUN		106%	7%	113%	98%			3	11	14	-8
JUL		105%	11%	115%	94%			16	27	43	-11
AUG		101%	12%	113%	89%			15	28	43	-12