Scott 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	329	325	324	321	312	305	313	322	328	331	331	318	322
1984	285	273	276	275	275	271	275	280	277	277	280	258	275
1985	231	231	245	250	248	241	239	247	263	257	228	189	239
1986	160	150	159	164	149	151	157	165	183	190	180	164	164
1987	171	182	181	183	188	197	198	197	203	256	302	291	212
1988	286	279	260	264	262	255	262	254	259	249	244	229	259
1989	226	222	222	224	225	226	233	251	261	268	267	258	240
1990	214	213	216	220	221	226	237	247	244	246	248	236	231
1991	237	236	239	238	245	256	261	250	257	263	249	228	247
1992	214	199	208	214	215	214	221	225	219	210	234	234	217
1993	229	240	269	289	299	290	278	263	263	270	235	229	263
1994	216	211	213	221	227	228	236	239	254	278	298	294	243
1995	309	322	332	352	367	383	400	458	494	484	480	453	403
1996	313	271	248	249	247	257	273	274	269	262	253	271	265
1997	255	255	260	253	254	249	251	235	231	235	224	188	241
1998	170	181	191	193	####	####	####	####	####	####	####	####	####
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	102%	101%	101%	100%	97%	95%	97%	100%	102%	103%	103%	99%	100%
1984	103%	99%	100%	100%	100%	98%	100%	102%	101%	101%	102%	94%	100%
1985	97%	97%	102%	104%	104%	101%	100%	103%	110%	108%	95%	79%	100%
1986	97%	91%	97%	100%	91%	92%	96%	100%	111%	116%	110%	100%	100%
1987	81%	86%	85%	86%	88%	93%	93%	93%	95%	121%	142%	137%	100%
1988	111%	108%	101%	102%	101%	99%	101%	98%	100%	96%	94%	89%	100%
1989	94%	92%	92%	93%	94%	94%	97%	105%	109%	111%	111%	108%	100%
1990	93%	92%	94%	95%	96%	98%	103%	107%	106%	106%	108%	102%	100%
1991	96%	96%	97%	97%	99%	104%	106%	101%	104%	107%	101%	93%	100%
1992	99%	92%	96%	99%	99%	99%	102%	104%	101%	97%	108%	108%	100%
1993	87%	91%	102%	110%	114%	110%	106%	100%	100%	103%	89%	87%	100%
1994	89%	87%	88%	91%	93%	94%	97%	98%	104%	114%	123%	121%	100%
1995	77%	80%	82%	87%	91%	95%	99%	114%	123%	120%	119%	112%	100%
1996	118%	102%	93%	94%	93%	97%	103%	103%	101%	99%	95%	102%	100%
1997	106%	106%	108%	105%	105%	104%	104%	98%	96%	98%	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	-30	-21	-26	-14	-19	-22	-35	-33	-21	-18	22	22	-16
1984	-2	-6	3	5	4	3	-1	-4	0	1	33	28	5
1985	11	7	5	2	0	2	7	15	26	24	51	28	15
1986	-6	-19	-12	-4	-9	3	-2	-2	-6	-1	8	6	-4
1987	-4	-1	-2	-7	-9	-4	-9	-8	-10	-10	-15	-1	-7
1988	-9	-11	-13	-15	-16	-16	-17	-14	-11	-12	-5	1	-11
1989	-5	-17	-16	-16	-14	-17	-22	-22	-24	-18	-3	7	-14
1990	-16	-18	-8	-17	-15	-14	-17	-9	-5	5	13	-10	-9
1991	-16	-14	21	-13	-12	-9	-12	-3	-2	6	10	9	-3
1992	-5	-10	-4	-5	-3	1	-4	-3	-10	-8	-8	-5	-5
1993	-9	-9	-6	-6	-3	-2	-8	-5	-2	-1	12	10	-2
1994	-5	-4	-3	-9	-6	-5	-10	-9	-14	4	9	12	-3
1995	7	0	4	1	4	6	11	7	15	20	90	89	21
1996	-10	-14	-21	-16	-19	-23	-28	-26	-10	-4	8	8	-13
1997	-12	-24	-15	-23	-19	-19	-23	-15	-17	-9	-14	-19	-17
1998	-38	-40	-29	-29	0	0	0	0	0	0	0	0	-11
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		97%	11%	108%	85%	170		-8	6	-2	-14	-38
OCT		95%	8%	103%	86%	181		-12	7	-5	-19	-40
NOV		95%	7%	102%	88%	191		-6	11	5	-17	-29
DEC		97%	6%	104%	91%	193		-12	7	-5	-19	-29
JAN		99%	7%	105%	92%			-10	7	-3	-18
FEB		99%	5%	104%	94%			-10	9	-1	-19
MAR		102%	3%	105%	99%			-13	11	-2	-23
APR		103%	5%	108%	98%			-10	9	-1	-19
MAY		104%	7%	111%	97%			-8	10	2	-18
JUN		105%	8%	113%	97%			-2	10	9	-12
JUL		104%	11%	115%	93%			11	28	39	-16
AUG		100%	12%	112%	87%			10	28	38	-18