Garden 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 CASH PRICE (AVERAGE OF WEDNESDAY PRICES)
(Cents/Bu.)
YEAR	SEP	OCT	NOV	DEC	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	AVG
=	=	=	=	=	=	=	=	=	=	=	=	=	=
1983	324	317	324	315	314	301	304	317	324	330	328	317	318
1984	283	268	270	267	269	267	270	276	277	278	277	251	271
1985	229	225	240	248	245	240	238	243	261	257	230	178	236
1986	153	148	156	168	148	145	151	160	181	187	179	158	161
1987	159	175	177	182	184	190	190	193	193	228	305	275	204
1988	279	280	266	260	260	256	258	251	256	247	247	232	258
1989	225	221	220	223	223	226	232	253	266	269	268	257	240
1990	214	210	214	222	221	227	235	245	244	246	251	241	231
1991	236	235	231	227	249	256	262	254	263	262	252	234	247
1992	219	200	207	215	217	217	223	229	225	215	239	242	221
1993	228	242	271	287	299	290	278	264	266	274	242	235	265
1994	221	213	218	225	227	227	236	240	255	280	302	299	245
1995	313	323	333	355	368	390	405	467	500	487	482	458	407
1996	335	275	254	252	250	261	278	281	272	271	258	274	272
1997	257	255	261	258	257	254	254	236	233	239	229	193	244
1998	171	189	199	198	####	####	####	####	####	####	####	####	####
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	102%	100%	102%	99%	99%	95%	96%	100%	102%	104%	103%	100%	100%
1984	104%	99%	100%	98%	99%	99%	99%	102%	102%	102%	102%	93%	100%
1985	97%	95%	102%	105%	104%	101%	101%	103%	110%	109%	97%	75%	100%
1986	95%	92%	97%	104%	92%	90%	94%	100%	112%	116%	111%	98%	100%
1987	78%	86%	87%	89%	90%	93%	93%	94%	94%	111%	149%	135%	100%
1988	108%	109%	103%	101%	101%	99%	100%	97%	99%	96%	96%	90%	100%
1989	93%	92%	92%	93%	93%	94%	97%	105%	111%	112%	112%	107%	100%
1990	93%	91%	93%	96%	96%	98%	102%	106%	106%	106%	109%	104%	100%
1991	96%	95%	94%	92%	101%	104%	106%	103%	107%	106%	102%	95%	100%
1992	99%	90%	94%	97%	98%	98%	101%	104%	102%	98%	108%	110%	100%
1993	86%	91%	102%	108%	113%	110%	105%	100%	101%	104%	91%	89%	100%
1994	90%	87%	89%	92%	92%	93%	96%	98%	104%	114%	123%	122%	100%
1995	77%	79%	82%	87%	90%	96%	100%	115%	123%	120%	119%	113%	100%
1996	123%	101%	93%	93%	92%	96%	102%	103%	100%	100%	95%	101%	100%
1997	105%	104%	107%	106%	106%	104%	104%	97%	96%	98%	94%	79%	100%
1998	####	####	####	####									####
1999
2000

MONTHLY AVERAGE NEARBY CORN CASH BASIS (AVERAGE OF WEDNESDAY PRICES)
(Cents/Bu.)
YEAR	SEP	OCT	NOV	DEC	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	AVG
=	=	=	=	=	=	=	=	=	=	=	=	=	=
1983	-36	-29	-25	-20	-17	-25	-44	-38	-25	-19	19	21	-20
1984	-4	-11	-3	-4	-2	-1	-6	-7	1	1	30	22	1
1985	9	2	1	0	-2	0	7	12	23	24	53	17	12
1986	-13	-22	-15	0	-10	-4	-8	-6	-8	-4	7	0	-7
1987	-16	-9	-6	-8	-12	-10	-16	-12	-20	-42	-12	-16	-15
1988	-15	-11	-7	-19	-18	-15	-21	-17	-15	-14	-2	4	-12
1989	-7	-17	-18	-17	-16	-17	-22	-21	-19	-17	-2	5	-14
1990	-16	-21	-10	-15	-15	-13	-19	-11	-4	5	15	-6	-9
1991	-16	-15	-12	-25	-8	-9	-12	1	4	5	12	15	-5
1992	-1	-9	-5	-5	-1	4	-1	1	-4	-3	-3	3	-2
1993	-10	-7	-4	-8	-2	-2	-9	-4	1	3	18	16	-1
1994	0	-3	2	-5	-6	-6	-10	-8	-6	6	13	18	0
1995	11	1	5	4	5	12	16	16	21	23	92	93	25
1996	13	-10	-15	-13	-16	-20	-23	-20	-7	4	14	11	-7
1997	-9	-25	-14	-18	-15	-14	-20	-14	-16	-5	-8	-14	-14
1998	-36	-32	-20	-23	0	0	0	0	0	0	0	0	-9
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%	171		-5	10	5	-15	-36
OCT		94%	8%	102%	86%	189		-12	8	-4	-19	-32
NOV		95%	7%	102%	88%	199		-8	7	-1	-15	-20
DEC		96%	6%	103%	90%	198		-12	8	-4	-20	-23
JAN		98%	7%	105%	92%			-9	8	-2	-17
FEB		99%	5%	104%	94%			-8	10	2	-18
MAR		101%	3%	104%	98%			-12	12	0	-23
APR		103%	5%	108%	98%			-8	11	3	-18
MAY		105%	7%	112%	97%			-4	11	7	-15
JUN		105%	8%	113%	98%			1	11	12	-10
JUL		105%	10%	115%	94%			15	27	42	-12
AUG		101%	12%	113%	89%			15	28	42	-13