Hutchinson (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	320	313	324	319	311	310	316	325	330	326	328	323	320
1984	285	280	278	278	280	281	264	271	275	275	271	240	273
1985	225	221	235	242	241	240	244	245	259	246	209	184	232
1986	160	147	149	161	150	150	160	163	170	170	168	158	159
1987	159	165	171	180	178	185	188	194	193	246	290	264	201
1988	273	269	254	259	260	255	261	249	249	247	241	225	253
1989	215	219	219	222	221	225	233	252	266	262	258	255	237
1990	218	211	211	218	215	227	231	254	256	251	237	236	230
1991	239	234	234	236	239	249	254	247	258	254	238	221	242
1992	210	199	206	211	211	211	218	223	222	212	238	233	216
1993	222	235	270	282	285	293	278	261	265	271	231	228	260
1994	218	210	216	221	225	225	235	241	253	278	295	290	242
1995	295	317	324	347	360	375	391	451	487	465	477	460	396
1996	316	267	258	255	252	261	279	278	266	261	249	253	266
1997	241	239	248	245	249	247	250	234	229	226	217	182	234
1998	169	184	198	194	####	####	####	####	####	####	####	####	####
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	100%	98%	101%	100%	97%	97%	99%	101%	103%	102%	102%	101%	100%
1984	104%	103%	102%	102%	103%	103%	97%	99%	101%	101%	99%	88%	100%
1985	97%	95%	101%	104%	104%	103%	105%	105%	111%	106%	90%	79%	100%
1986	101%	93%	94%	101%	95%	95%	101%	102%	107%	107%	106%	99%	100%
1987	79%	82%	85%	90%	89%	92%	94%	96%	96%	122%	144%	131%	100%
1988	108%	106%	100%	102%	103%	101%	103%	98%	98%	97%	95%	89%	100%
1989	91%	92%	92%	94%	93%	95%	98%	106%	112%	110%	109%	108%	100%
1990	95%	92%	91%	95%	93%	98%	100%	110%	111%	109%	103%	102%	100%
1991	99%	97%	97%	98%	99%	103%	105%	102%	107%	105%	98%	91%	100%
1992	97%	92%	95%	97%	98%	97%	101%	103%	103%	98%	110%	108%	100%
1993	86%	90%	104%	108%	110%	113%	107%	100%	102%	104%	89%	88%	100%
1994	90%	87%	89%	91%	93%	93%	97%	99%	105%	115%	122%	120%	100%
1995	75%	80%	82%	88%	91%	95%	99%	114%	123%	117%	120%	116%	100%
1996	119%	100%	97%	96%	95%	98%	105%	105%	100%	98%	94%	95%	100%
1997	103%	102%	106%	105%	106%	106%	107%	100%	98%	97%	93%	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	-39	-34	-26	-16	-21	-16	-32	-30	-19	-22	19	27	-17
1984	-2	1	5	7	9	13	-12	-12	-2	-1	23	11	3
1985	5	-3	-4	-5	-7	1	13	14	21	13	32	23	9
1986	-6	-23	-22	-7	-8	1	1	-4	-19	-21	-4	0	-9
1987	-16	-18	-12	-10	-18	-16	-18	-11	-19	-20	-27	-27	-18
1988	-21	-22	-19	-19	-18	-16	-19	-19	-22	-15	-7	-3	-17
1989	-16	-20	-20	-18	-19	-19	-21	-21	-19	-24	-13	3	-17
1990	-12	-20	-13	-18	-21	-13	-24	-2	8	11	1	-10	-10
1991	-13	-16	-9	-15	-18	-16	-19	-6	-1	-3	-1	2	-10
1992	-9	-10	-6	-9	-7	-2	-6	-5	-7	-6	-4	-6	-6
1993	-15	-14	-4	-13	-16	1	-8	-7	-1	-1	7	8	-5
1994	-3	-6	0	-9	-8	-8	-11	-8	-7	4	6	8	-3
1995	-7	-4	-5	-5	-3	-2	2	0	8	1	86	96	14
1996	-6	-18	-10	-10	-14	-19	-22	-22	-13	-6	5	-11	-12
1997	-25	-40	-27	-30	-24	-21	-24	-16	-20	-18	-21	-19	-24
1998	-39	-37	-22	-27	0	0	0	0	0	0	0	0	-10
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		96%	12%	108%	84%	169		-13	7	-6	-19	-39
OCT		94%	7%	101%	87%	184		-17	10	-7	-26	-37
NOV		95%	7%	102%	89%	198		-11	8	-3	-19	-22
DEC		97%	6%	103%	91%	194		-15	7	-8	-22	-27
JAN		98%	6%	104%	92%			-15	6	-8	-21
FEB		100%	6%	105%	94%			-12	8	-4	-19
MAR		102%	3%	106%	99%			-15	8	-7	-24
APR		104%	5%	109%	99%			-11	8	-3	-18
MAY		106%	7%	113%	98%			-7	10	3	-18
JUN		105%	7%	112%	98%			-6	10	4	-16
JUL		103%	11%	114%	92%			6	28	34	-22
AUG		99%	13%	112%	87%			7	31	38	-24