Kansas 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	351	339	342	338	330	321	340	347	349	352	254	327	332
1984	313	283	276	272	276	276	282	287	283	284	277	253	280
1985	245	235	244	249	249	243	244	250	262	256	199	169	237
1986	150	148	166	168	158	150	160	164	186	189	169	158	164
1987	163	171	135	186	196	201	203	205	209	261	290	271	208
1988	271	274	261	267	268	267	271	262	265	258	253	242	263
1989	234	238	242	245	241	239	246	265	275	282	204	261	248
1990	233	228	231	236	237	243	253	260	252	253	247	249	243
1991	252	248	250	250	257	263	269	256	262	264	251	229	254
1992	228	214	164	220	222	219	227	230	227	221	246	247	222
1993	239	192	282	296	299	223	286	204	274	280	177	253	250
1994	280	273	275	285	285	285	289	290	290	289	298	287	285
1995	295	319	339	356	369	388	403	458	491	485	490	470	405
1996	362	291	269	267	268	280	293	292	278	264	253	258	281
1997	257	262	260	263	266	265	268	248	248	244	235	195	251
1998	179	196	211	211	####	####	####	####	####	####	####	####	####
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	106%	102%	103%	102%	99%	97%	102%	104%	105%	106%	76%	98%	100%
1984	112%	101%	99%	97%	98%	99%	101%	103%	101%	101%	99%	90%	100%
1985	103%	99%	103%	105%	105%	103%	103%	105%	110%	108%	84%	71%	100%
1986	91%	91%	101%	103%	96%	92%	97%	100%	113%	115%	103%	97%	100%
1987	78%	82%	65%	90%	94%	97%	98%	99%	100%	126%	140%	130%	100%
1988	103%	104%	99%	102%	102%	101%	103%	99%	101%	98%	96%	92%	100%
1989	94%	96%	98%	99%	97%	97%	99%	107%	111%	114%	82%	105%	100%
1990	96%	94%	95%	97%	97%	100%	104%	107%	104%	104%	101%	102%	100%
1991	99%	98%	98%	98%	101%	103%	106%	101%	103%	104%	99%	90%	100%
1992	103%	96%	74%	99%	100%	98%	102%	103%	102%	100%	111%	111%	100%
1993	96%	77%	112%	118%	119%	89%	114%	81%	109%	112%	71%	101%	100%
1994	98%	95%	96%	100%	100%	100%	101%	102%	102%	101%	105%	101%	100%
1995	73%	79%	84%	88%	91%	96%	99%	113%	121%	120%	121%	116%	100%
1996	129%	103%	96%	95%	95%	99%	104%	104%	99%	94%	90%	92%	100%
1997	102%	104%	104%	105%	106%	106%	107%	99%	99%	97%	94%	78%	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	-7	-8	3	-1	-5	-8	-7	0	3	24	31	1
1984	26	4	3	1	5	8	6	4	6	8	29	24	10
1985	25	11	5	2	1	4	12	19	24	23	22	8	13
1986	-16	-21	-5	0	0	12	0	-2	-4	-2	-3	0	-3
1987	-13	-13	-3	-4	-1	1	-3	1	-4	-5	-27	4	-5
1988	-23	-16	-12	-11	-10	-4	-8	-6	-6	-3	5	14	-7
1989	2	-1	4	5	1	-4	-8	-8	-10	-3	5	9	-1
1990	3	-3	7	-1	1	3	-1	4	4	12	11	2	4
1991	-1	-2	7	0	-1	-1	-4	2	3	7	12	10	3
1992	8	5	4	0	4	6	3	1	-2	3	4	8	4
1993	2	3	7	1	-3	2	0	1	8	9	8	34	6
1994	45	57	59	55	53	52	43	41	30	15	10	6	39
1995	-4	-2	6	4	5	11	14	6	12	20	100	106	23
1996	40	6	0	2	0	-1	-7	-9	-1	1	9	-5	3
1997	-9	-14	-10	0	-7	-3	-6	-1	-1	0	-5	-13	-6
1998	-15	-25	0	0	0	0	0	0	0	0	0	0	-3
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		99%	13%	112%	86%	179		6	20	26	-14	-15
OCT		95%	9%	104%	85%	196		3	19	22	-16	-25
NOV		96%	10%	106%	86%	211		7	18	26	-11	0
DEC		100%	7%	107%	93%	211		5	17	23	-12	0
JAN		101%	7%	108%	94%			4	17	21	-12
FEB		99%	4%	103%	95%			6	16	22	-10
MAR		104%	4%	108%	100%			2	15	17	-13
APR		102%	8%	109%	94%			3	14	17	-10
MAY		105%	7%	112%	98%			4	10	14	-7
JUN		104%	8%	112%	96%			6	7	13	-1
JUL		97%	13%	110%	83%			16	28	44	-13
AUG		99%	11%	109%	88%			17	32	49	-15