Beloit (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	833	776	765	736	710	684	741	752	804	739	643	617	733
1984	584	579	579	561	556	551	566	571	555	554	538	491	557
1985	479	461	470	482	489	479	492	486	503	504	499	483	486
1986	471	432	446	434	438	439	453	469	507	523	503	478	466
1987	479	473	491	532	562	566	574	616	675	828	789	802	615
1988	797	741	725	735	731	708	728	698	694	680	671	570	706
1989	550	517	529	534	530	530	538	551	577	568	577	579	548
1990	582	569	537	543	526	536	546	555	546	543	515	520	543
1991	558	533	526	524	529	532	552	537	569	572	534	507	539
1992	510	491	511	517	528	523	538	547	557	555	653	626	546
1993	597	565	623	650	660	651	658	637	654	658	565	529	620
1994	501	493	519	521	508	508	519	529	529	556	549	565	525
1995	591	610	641	681	701	692	686	751	764	724	742	757	695
1996	739	664	660	660	684	724	783	810	832	794	725	677	729
1997	601	614	669	651	629	627	613	597	594	593	584	499	606
1998	467	490	523	516	###	###	###	###	###	###	###	###	###
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	114%	106%	104%	100%	97%	93%	101%	102%	110%	101%	88%	84%	100%
1984	105%	104%	104%	101%	100%	99%	102%	102%	100%	99%	97%	88%	100%
1985	99%	95%	97%	99%	101%	99%	101%	100%	104%	104%	103%	100%	100%
1986	101%	93%	96%	93%	94%	94%	97%	101%	109%	112%	108%	103%	100%
1987	78%	77%	80%	86%	91%	92%	93%	100%	110%	134%	128%	130%	100%
1988	113%	105%	103%	104%	103%	100%	103%	99%	98%	96%	95%	81%	100%
1989	100%	94%	96%	97%	97%	97%	98%	100%	105%	104%	105%	106%	100%
1990	107%	105%	99%	100%	97%	99%	100%	102%	101%	100%	95%	96%	100%
1991	103%	99%	98%	97%	98%	99%	102%	100%	106%	106%	99%	94%	100%
1992	93%	90%	93%	95%	97%	96%	99%	100%	102%	102%	120%	115%	100%
1993	96%	91%	100%	105%	106%	105%	106%	103%	105%	106%	91%	85%	100%
1994	95%	94%	99%	99%	97%	97%	99%	101%	101%	106%	105%	108%	100%
1995	85%	88%	92%	98%	101%	100%	99%	108%	110%	104%	107%	109%	100%
1996	101%	91%	91%	90%	94%	99%	107%	111%	114%	109%	99%	93%	100%
1997	99%	101%	110%	107%	104%	103%	101%	99%	98%	98%	96%	82%	100%
1998	###	###	###	###									###
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	-71	-57	-66	-51	-56	-44	-48	-39	-46	-47	-28	-19	-48
1984	-32	-33	-43	-30	-36	-30	-29	-28	-26	-21	-14	-25	-29
1985	-35	-44	-41	-39	-56	-46	-45	-43	-30	-25	-16	6	-34
1986	-6	-49	-56	-59	-59	-51	-38	-41	-48	-42	-32	-31	-43
1987	-45	-67	-74	-63	-62	-53	-54	-56	-61	-66	-114	-57	-64
1988	-64	-56	-58	-48	-58	-45	-44	-34	-36	-47	-19	-12	-43
1989	-25	-47	-54	-41	-43	-38	-54	-46	-59	-34	-27	-25	-41
1990	-44	-46	-45	-41	-44	-37	-40	-32	-34	-29	-25	-38	-38
1991	-41	-32	-36	-34	-37	-42	-44	-36	-38	-41	-44	-42	-39
1992	-40	-47	-51	-51	-53	-50	-47	-46	-46	-47	-53	-50	-48
1993	-43	-49	-48	-34	-42	-30	-28	-27	-25	-26	-36	-44	-36
1994	-63	-48	-46	-41	-49	-46	-56	-46	-53	-37	-68	-31	-49
1995	-45	-46	-44	-40	-45	-39	-43	-37	-50	-48	-38	-37	-43
1996	-55	-52	-39	-40	-36	-40	-46	-47	-31	-34	-3	12	-34
1997	-40	-58	-54	-49	-44	-46	-46	-42	-45	-39	-43	-40	-45
1998	-55	-59	-53	-46									-53
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		99%	7%	107%	92%	467		-46	11	-35	-57	-55
OCT		96%	6%	102%	90%	490		-48	7	-42	-55	-59
NOV		98%	5%	104%	93%	523		-47	7	-41	-54	-53
DEC		99%	5%	104%	94%	516		-42	5	-36	-47	-46
JAN		99%	4%	103%	95%			-45	7	-38	-52
FEB		99%	3%	102%	97%			-41	5	-36	-47
MAR		101%	3%	105%	98%			-45	7	-37	-52
APR		102%	4%	106%	98%			-39	7	-33	-46
MAY		104%	5%	109%	99%			-42	10	-31	-52
JUN		103%	4%	107%	99%			-38	7	-31	-45
JUL		101%	8%	109%	93%			-36	17	-18	-53
AUG		97%	11%	108%	85%			-31	17	-13	-48

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.