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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.

 

Independence (corn)

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 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1984 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1985 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1986 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1987 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1988 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1989 #### #### #### #### 237 236 243 253 264 273 284 281   ####
1990 233 231 238 240 243 256 255 260 257 250 250 243   246
1991 248 250 250 250 253 255 259 260 260 263 254 228   252
1992 207 194 203 208 216 220 223 225 225 220 234 245   218
1993 231 241 265 283 305 308 298 273 270 281 268 232   271
1994 204 205 208 220 226 230 236 249 256 278 289 278   240
1995 285 313 #### #### 370 379 391 433 495 469 474 396   ####
1996 340 306 293 293 295 294 301 296 285 275 263 232   289
1997 230 234 240 237 240 237 239 224 230 240 233 188   231
1998 163 184 201 210 #### #### #### #### #### #### #### ####   ####
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 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1985 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1986 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1987 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1988 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1989 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1990 94% 94% 96% 97% 98% 104% 104% 106% 104% 102% 102% 98%   100%
1991 98% 99% 99% 99% 100% 101% 103% 103% 103% 104% 101% 90%   100%
1992 95% 89% 93% 95% 99% 101% 102% 103% 103% 101% 107% 112%   100%
1993 85% 89% 98% 104% 112% 114% 110% 101% 100% 104% 99% 85%   100%
1994 85% 85% 87% 92% 94% 96% 99% 104% 107% 116% 120% 116%   100%
1995 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1996 118% 106% 101% 101% 102% 102% 104% 102% 99% 95% 91% 80%   100%
1997 100% 101% 104% 103% 104% 103% 104% 97% 99% 104% 101% 81%   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 0 0 0 0 0 0 0 0 0 0 0 0   0
1984 0 0 0 0 0 0 0 0 0 0 0 0   0
1985 0 0 0 0 0 0 0 0 0 0 0 0   0
1986 0 0 0 0 0 0 0 0 0 0 0 0   0
1987 0 0 0 0 0 0 0 0 0 0 0 0   0
1988 0 0 0 0 0 0 0 0 0 0 0 0   0
1989 0 0 0 0 -3 -7 -12 -21 -21 -13 14 29   -3
1990 2 0 14 3 7 16 1 4 8 9 14 -4   6
1991 -5 0 7 -2 -4 -10 -14 6 1 6 15 9   1
1992 -13 -15 -9 -12 -2 7 -1 -3 -4 2 -8 6   -4
1993 -6 -8 -9 -12 4 16 12 3 5 10 44 12   6
1994 -17 -11 -8 -10 -6 -3 -9 0 -4 4 0 -4   -6
1995 -17 -9 0 0 7 2 2 -19 16 5 83 32   9
1996 18 21 24 28 29 13 1 -4 6 8 18 -31   11
1997 -36 -45 -35 -39 -32 -31 -35 -26 -19 -3 -5 -20   -27
1998 -44 -37 -19 -12 243 256 255 260 257 250 250 243   158
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   #### #### #### #### 163   -7 14 6 -21 -44    
OCT   #### #### #### #### 184   -7 16 9 -23 -37    
NOV   #### #### #### #### 201   -2 15 13 -17 -19    
DEC   #### #### #### #### 210   -4 16 11 -20 -12    
JAN   #### #### #### ####     0 14 14 -14      
FEB   #### #### #### ####     0 14 14 -13      
MAR   #### #### #### ####     -6 12 6 -18      
APR   #### #### #### ####     -6 11 5 -17      
MAY   #### #### #### ####     -1 11 10 -12      
JUN   #### #### #### ####     3 7 9 -4      
JUL   #### #### #### ####     18 26 44 -9      
AUG   #### #### #### ####     3 18 21 -16      

Last Updated on 4/13/99
By Agricultural Economics

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