Emporia (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	345	####	####	####	328	323	331	334	332	330	325	309	####
1984	305	293	278	264	268	268	271	276	280	276	261	240	273
1985	211	215	219	235	229	220	225	240	240	230	195	163	218
1986	126	126	134	144	139	135	136	139	153	161	149	132	139
1987	131	145	152	170	173	184	182	181	183	230	252	255	186
1988	245	250	243	249	250	258	263	251	191	247	247	232	244
1989	225	221	220	224	227	226	231	244	254	256	264	259	237
1990	220	214	214	232	234	243	250	251	243	238	233	241	234
1991	243	231	223	230	243	250	254	240	248	249	233	219	238
1992	216	191	192	196	199	197	207	207	205	200	225	226	205
1993	215	231	260	286	293	286	277	263	263	267	229	222	258
1994	217	207	205	213	214	218	225	228	240	253	269	271	230
1995	286	309	322	338	354	370	380	431	458	463	470	434	385
1996	315	273	253	253	249	261	274	271	255	250	233	236	260
1997	233	242	235	233	241	238	241	227	231	226	209	173	227
1998	157	172	186	185	####	####	####	####	####	####	####	####	####
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	####	####	####	####	####	####	####	####	####	####	####	####	####
1984	112%	107%	102%	97%	98%	98%	99%	101%	102%	101%	96%	88%	100%
1985	97%	98%	100%	108%	105%	101%	103%	110%	110%	105%	89%	74%	100%
1986	91%	90%	96%	103%	100%	97%	98%	99%	109%	116%	107%	95%	100%
1987	70%	78%	81%	91%	93%	99%	98%	97%	98%	123%	135%	137%	100%
1988	100%	103%	100%	102%	102%	106%	108%	103%	78%	101%	101%	95%	100%
1989	95%	93%	93%	94%	96%	95%	97%	103%	107%	108%	111%	109%	100%
1990	94%	91%	91%	99%	100%	104%	107%	107%	104%	102%	99%	103%	100%
1991	102%	97%	94%	96%	102%	105%	106%	101%	104%	105%	98%	92%	100%
1992	106%	93%	93%	96%	97%	96%	101%	101%	100%	97%	110%	110%	100%
1993	84%	90%	101%	111%	114%	111%	107%	102%	102%	103%	89%	86%	100%
1994	94%	90%	89%	93%	93%	95%	98%	99%	104%	110%	117%	118%	100%
1995	74%	80%	84%	88%	92%	96%	99%	112%	119%	120%	122%	113%	100%
1996	121%	105%	97%	97%	96%	100%	105%	104%	98%	96%	89%	91%	100%
1997	103%	106%	103%	103%	106%	105%	106%	100%	102%	100%	92%	76%	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	-8	0	0	0	-4	-4	-17	-21	-17	-19	16	13	-5
1984	18	14	5	-6	22	0	-5	-7	3	0	14	10	6
1985	-9	-9	-21	-9	-19	-19	-6	9	3	-3	18	2	-5
1986	-40	-44	-37	-24	-19	-14	-23	-28	-37	-30	-23	-26	-29
1987	-44	-39	-32	-20	-23	-16	-25	-23	-30	-40	-65	-37	-33
1988	-50	-40	-30	-30	-28	-13	-16	-17	-10	-14	-2	4	-20
1989	-7	-17	-18	-16	-12	-17	-23	-29	-31	-30	-7	7	-17
1990	-10	-18	-10	-5	-2	3	-5	-5	-6	-3	-3	-6	-6
1991	-10	-19	-20	-22	-14	-15	-20	-13	-11	-8	-6	0	-13
1992	-3	-18	-20	-24	-19	-16	-17	-22	-24	-19	-17	-13	-18
1993	-22	-17	-14	-9	-8	-7	-10	-5	-2	-5	6	3	-8
1994	-4	-8	-11	-17	-18	-15	-21	-21	-21	-20	-20	-11	-16
1995	-16	-12	-7	-14	-9	-7	-9	-20	-21	-1	79	70	3
1996	-7	-12	-15	-12	-17	-20	-26	-30	-24	-17	-11	-28	-18
1997	-33	-38	-40	-42	-32	-30	-33	-23	-18	-17	-29	-34	-31
1998	-51	-49	-34	-37	0	0	0	0	0	0	0	0	-14
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%	12%	109%	85%	157		-16	14	-2	-30	-51
OCT		95%	8%	102%	87%	172		-20	10	-10	-30	-49
NOV		95%	6%	100%	89%	186		-19	9	-9	-28	-34
DEC		98%	6%	104%	92%	185		-19	10	-9	-30	-37
JAN		100%	6%	106%	94%			-16	9	-7	-24
FEB		101%	5%	106%	96%			-14	8	-6	-22
MAR		103%	4%	107%	99%			-18	8	-10	-26
APR		103%	4%	107%	99%			-18	8	-10	-27
MAY		102%	10%	111%	92%			-17	9	-8	-25
JUN		104%	7%	111%	97%			-13	9	-4	-22
JUL		103%	11%	114%	92%			-1	28	27	-29
AUG		99%	13%	112%	87%			-1	27	26	-28