Great Bend (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	317	319	313	306	307	300	310	323	322	320	320	306	313
1984	285	270	270	262	263	263	264	270	271	269	265	228	265
1985	214	224	238	243	238	229	231	240	251	248	211	178	229
1986	153	146	156	160	145	142	145	155	169	176	168	160	156
1987	158	166	168	173	176	184	182	183	189	240	275	270	197
1988	273	268	250	248	250	246	251	244	246	242	233	222	248
1989	222	217	219	223	218	224	228	248	258	268	267	252	237
1990	215	212	211	220	219	223	233	244	240	239	237	236	227
1991	237	236	231	236	240	245	253	245	252	255	242	224	241
1992	213	199	202	208	213	207	211	217	217	205	229	229	212
1993	222	234	264	280	287	282	273	258	258	268	233	220	257
1994	208	204	210	217	217	219	229	235	250	273	290	284	236
1995	295	311	320	340	352	371	391	443	474	462	464	444	389
1996	325	274	250	247	249	264	284	282	264	258	247	260	267
1997	247	246	244	242	247	246	249	232	227	224	213	182	233
1998	163	175	189	191	####	####	####	####	####	####	####	####	####
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%	102%	100%	97%	98%	96%	99%	103%	103%	102%	102%	98%	100%
1984	108%	102%	102%	99%	99%	99%	99%	102%	102%	102%	100%	86%	100%
1985	93%	98%	104%	106%	104%	100%	101%	105%	110%	108%	92%	78%	100%
1986	98%	94%	100%	103%	93%	91%	93%	99%	108%	113%	107%	102%	100%
1987	80%	84%	85%	88%	90%	93%	92%	93%	96%	122%	140%	137%	100%
1988	110%	108%	101%	100%	101%	99%	101%	98%	99%	98%	94%	89%	100%
1989	94%	92%	92%	94%	92%	94%	96%	105%	109%	113%	113%	106%	100%
1990	94%	93%	93%	97%	96%	98%	103%	107%	105%	105%	104%	104%	100%
1991	98%	98%	96%	98%	100%	101%	105%	101%	104%	106%	100%	93%	100%
1992	100%	94%	95%	98%	100%	97%	99%	102%	102%	96%	108%	108%	100%
1993	87%	91%	103%	109%	112%	110%	106%	101%	101%	104%	91%	86%	100%
1994	88%	86%	89%	92%	92%	93%	97%	100%	106%	116%	123%	120%	100%
1995	76%	80%	82%	87%	91%	95%	101%	114%	122%	119%	119%	114%	100%
1996	122%	103%	94%	92%	93%	99%	106%	106%	99%	97%	92%	97%	100%
1997	106%	105%	104%	104%	106%	106%	107%	99%	97%	96%	91%	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	-42	-27	-37	-30	-24	-26	-38	-32	-27	-29	10	10	-24
1984	-2	-9	-3	-8	-8	-5	-12	-13	-6	-7	17	-2	-5
1985	-6	1	-2	-4	-9	-11	0	8	14	15	34	18	5
1986	-13	-23	-15	-7	-13	-7	-14	-12	-20	-15	-4	2	-12
1987	-17	-18	-15	-17	-20	-17	-25	-21	-24	-29	-42	-22	-22
1988	-21	-23	-23	-31	-28	-25	-28	-24	-24	-19	-15	-7	-22
1989	-9	-22	-19	-17	-22	-19	-26	-25	-27	-18	-4	0	-17
1990	-15	-19	-13	-17	-17	-17	-21	-12	-9	-2	1	-11	-13
1991	-15	-15	-10	-16	-16	-20	-20	-9	-7	-2	2	5	-10
1992	-7	-10	-10	-12	-5	-6	-8	-11	-12	-14	-13	-10	-10
1993	-15	-14	-10	-14	-15	-11	-14	-10	-7	-3	9	1	-9
1994	-13	-12	-6	-13	-15	-14	-16	-13	-11	0	1	2	-9
1995	-7	-11	-8	-11	-11	-6	2	-9	-4	-2	73	80	7
1996	3	-11	-19	-18	-16	-17	-16	-29	-15	-9	3	-3	-12
1997	-19	-33	-31	-33	-25	-22	-25	-18	-22	-20	-25	-25	-25
1998	-45	-46	-31	-31	0	0	0	0	0	0	0	0	-13
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		98%	12%	110%	85%	163		-12	7	-5	-19	-45
OCT		95%	8%	103%	87%	175		-17	7	-10	-24	-46
NOV		95%	6%	101%	89%	189		-15	8	-7	-22	-31
DEC		97%	6%	103%	91%	191		-18	7	-11	-26	-31
JAN		98%	7%	105%	92%			-17	6	-11	-23
FEB		99%	5%	104%	94%			-16	6	-9	-22
MAR		102%	4%	106%	98%			-17	9	-9	-26
APR		103%	4%	108%	99%			-16	7	-9	-23
MAY		105%	7%	111%	98%			-14	7	-6	-21
JUN		105%	8%	113%	97%			-9	8	-1	-16
JUL		103%	11%	115%	92%			3	25	29	-22
AUG		100%	12%	112%	87%			3	27	30	-24