Andale (soybeans)

MONTHLY AVERAGE SOYBEAN PRICE (AVERAGE OF WEDNESDAY PRICES)
(Cents/Bu.)
YEAR	SEP	OCT	NOV	DEC	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	AVG
=	=	=	=	=	=	=	=	=	=	=	=	=	=
1983	851	792	783	754	728	702	757	769	817	756	652	635	750
1984	595	600	598	577	571	565	580	585	569	567	550	503	572
1985	495	475	484	496	503	494	504	500	517	517	511	518	501
1986	481	444	461	448	453	454	468	484	519	539	517	491	480
1987	495	485	505	547	577	584	590	630	689	842	801	818	630
1988	810	765	740	751	746	722	740	707	705	689	682	578	719
1989	560	528	541	546	537	539	547	561	589	580	588	588	559
1990	590	581	552	558	541	551	561	570	561	558	530	535	557
1991	573	549	541	537	550	549	567	553	585	587	549	521	555
1992	528	501	523	533	543	539	554	563	572	572	679	657	563
1993	623	578	634	659	672	661	669	647	663	668	575	542	633
1994	522	502	529	530	520	520	530	538	537	555	590	578	538
1995	606	625	654	692	712	702	695	761	773	733	750	767	706
1996	744	675	669	669	694	734	793	820	838	810	741	691	740
1997	642	629	681	659	634	637	628	611	614	609	601	517	622
1998	482	504	537	530									513
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	113%	106%	104%	101%	97%	94%	101%	103%	109%	101%	87%	85%	100%
1984	104%	105%	105%	101%	100%	99%	101%	102%	99%	99%	96%	88%	100%
1985	99%	95%	97%	99%	100%	99%	101%	100%	103%	103%	102%	103%	100%
1986	100%	93%	96%	93%	94%	95%	98%	101%	108%	112%	108%	102%	100%
1987	78%	77%	80%	87%	92%	93%	94%	100%	109%	134%	127%	130%	100%
1988	113%	106%	103%	104%	104%	100%	103%	98%	98%	96%	95%	80%	100%
1989	100%	95%	97%	98%	96%	96%	98%	100%	105%	104%	105%	105%	100%
1990	106%	104%	99%	100%	97%	99%	101%	102%	101%	100%	95%	96%	100%
1991	103%	99%	97%	97%	99%	99%	102%	100%	105%	106%	99%	94%	100%
1992	94%	89%	93%	95%	96%	96%	98%	100%	101%	101%	120%	117%	100%
1993	99%	91%	100%	104%	106%	104%	106%	102%	105%	106%	91%	86%	100%
1994	97%	93%	98%	99%	97%	97%	99%	100%	100%	103%	110%	107%	100%
1995	86%	89%	93%	98%	101%	99%	98%	108%	110%	104%	106%	109%	100%
1996	101%	91%	90%	90%	94%	99%	107%	111%	113%	109%	100%	93%	100%
1997	103%	101%	110%	106%	102%	102%	101%	98%	99%	98%	97%	83%	100%
1998	94%	98%	105%	103%									100%
1999
2000

MONTHLY AVERAGE NEARBY SOYBEAN BASIS (AVERAGE OF WEDNESDAY PRICES)
(Cents/Bu.)
YEAR	SEP	OCT	NOV	DEC	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	AVG
=	=	=	=	=	=	=	=	=	=	=	=	=	=
1983	-53	-40	-49	-33	-39	-27	-32	-21	-33	-29	-19	-1	-31
1984	-21	-12	-24	-14	-21	-15	-15	-14	-12	-8	-2	-12	-14
1985	-19	-29	-27	-25	-42	-32	-33	-30	-17	-13	-4	41	-19
1986	4	-36	-41	-45	-44	-36	-22	-26	-35	-26	-17	-18	-29
1987	-29	-55	-60	-48	-47	-35	-39	-41	-47	-52	-102	-41	-50
1988	-51	-32	-43	-32	-43	-30	-31	-26	-25	-38	-8	-4	-30
1989	-15	-35	-41	-29	-36	-29	-44	-36	-47	-22	-15	-15	-30
1990	-36	-35	-30	-26	-29	-22	-25	-17	-19	-14	-10	-24	-24
1991	-26	-17	-21	-20	-16	-25	-29	-21	-22	-26	-29	-27	-23
1992	-22	-38	-39	-34	-38	-34	-32	-31	-31	-30	-28	-20	-31
1993	-17	-36	-37	-25	-29	-20	-17	-17	-15	-16	-26	-31	-24
1994	-42	-38	-35	-32	-36	-34	-45	-37	-46	-37	-27	-19	-36
1995	-30	-31	-31	-29	-34	-29	-34	-27	-41	-38	-30	-27	-32
1996	-50	-42	-30	-31	-26	-30	-36	-37	-25	-18	13	27	-24
1997	1	-43	-42	-40	-39	-35	-30	-28	-25	-23	-26	-22	-29
1998	-40	-44	-39	-32									-39
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		100%	7%	107%	93%	482		-29	16	-13	-44	-39.9
OCT		96%	6%	102%	90%	504		-35	7	-28	-42	-44.2
NOV		98%	5%	103%	93%	537		-35	7	-28	-41	-39.3
DEC		99%	5%	104%	95%	530		-30	5	-25	-35	-32
JAN		99%	4%	103%	96%			-33	8	-25	-40
FEB		99%	3%	102%	97%			-29	5	-24	-34
MAR		101%	3%	104%	98%			-32	8	-24	-40
APR		102%	4%	106%	98%			-28	7	-20	-35
MAY		104%	5%	108%	99%			-30	11	-19	-40
JUN		103%	4%	107%	99%			-26	9	-17	-35
JUL		102%	8%	110%	94%			-18	13	-5	-32
AUG		97%	11%	109%	86%			-16	16	0	-32

Last Updated on 2/20/99
By Agricultural Economics


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.