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CORN marketing resources
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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.

 

Salina (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 335 314 316 301 295 289 308 313 311 317 321 304   310
1984 273 275 278 272 273 269 271 278 270 270 255 223   267
1985 217 222 237 242 243 234 230 231 248 243 206 169   227
1986 147 142 141 144 135 126 138 154 167 167 150 158   147
1987 157 165 173 182 187 194 190 191 197 246 279 261   202
1988 257 248 235 230 187 194 190 191 199 291 279 261   230
1989 257 248 235 230 224 226 232 370 344 314 278 253   268
1990 246 248 241 243 #### #### #### #### #### #### #### ####   ####
1991 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1992 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1993 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1994 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1995 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1996 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1997 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1998 #### #### #### #### #### #### #### #### #### #### #### ####   ####
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 108% 101% 102% 97% 95% 93% 99% 101% 100% 102% 104% 98%   100%
1984 102% 103% 104% 102% 102% 101% 101% 104% 101% 101% 95% 83%   100%
1985 96% 98% 104% 107% 107% 103% 101% 102% 109% 107% 91% 75%   100%
1986 100% 96% 95% 98% 91% 85% 94% 105% 113% 114% 102% 107%   100%
1987 78% 82% 86% 90% 92% 96% 94% 94% 98% 122% 138% 130%   100%
1988 112% 108% 102% 100% 81% 84% 83% 83% 86% 126% 121% 114%   100%
1989 96% 93% 88% 86% 84% 85% 87% 138% 129% 117% 104% 95%   100%
1990 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1991 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1992 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1993 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1994 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1995 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1996 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1997 #### #### #### #### #### #### #### #### #### #### #### ####   ####
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 -24 -32 -34 -34 -36 -38 -40 -41 -38 -32 12 8   -28
1984 -14 -4 5 1 2 1 -5 -5 -7 -7 7 -6   -3
1985 -3 -2 -3 -5 -5 -5 -2 0 10 10 28 9   3
1986 -19 -28 -30 -23 -23 -23 -21 -12 -22 -24 -22 0   -21
1987 -18 -19 -11 -8 -10 -7 -17 -14 -15 -19 -38 -30   -17
1988 -37 -43 -38 -48 -91 -77 -89 -77 -72 4 31 33   -42
1989 26 9 -3 -10 -15 -17 -23 97 59 28 8 2   13
1990 16 17 17 6 0 0 0 0 0 0 0 0   5
1991 0 0 0 0 0 0 0 0 0 0 0 0   0
1992 0 0 0 0 0 0 0 0 0 0 0 0   0
1993 0 0 0 0 0 0 0 0 0 0 0 0   0
1994 0 0 0 0 0 0 0 0 0 0 0 0   0
1995 0 0 0 0 0 0 0 0 0 0 0 0   0
1996 0 0 0 0 0 0 0 0 0 0 0 0   0
1997 0 0 0 0 0 0 0 0 0 0 0 0   0
1998 0 0 0 0 #### #### #### #### #### #### #### ####   ####
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   #### #### #### #### ####   0 15 16 -15 0    
OCT   #### #### #### #### ####   -2 15 13 -16 0    
NOV   #### #### #### #### ####   -2 13 11 -15 0    
DEC   #### #### #### #### ####   -5 15 10 -20 0    
JAN   #### #### #### ####     -11 27 17 -38      
FEB   #### #### #### ####     -9 23 14 -32      
MAR   #### #### #### ####     -11 27 16 -38      
APR   #### #### #### ####     2 39 41 -37      
MAY   #### #### #### ####     -1 29 28 -31      
JUN   #### #### #### ####     3 8 12 -5      
JUL   #### #### #### ####     4 9 13 -5      
AUG   #### #### #### ####     3 10 13 -6      


Last Updated on 4/13/99
By Agricultural Economics

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