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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.

 

Colby (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 815 757 753 726 700 674 730 745 797 728 631 611   722
1984 548 558 568 551 542 535 550 556 538 538 520 471   540
1985 458 430 444 463 473 465 478 472 495 498 482 454   468
1986 434 418 428 415 424 430 443 459 497 514 495 472   452
1987 461 472 496 523 553 549 557 601 654 810 797 782   605
1988 782 721 699 716 716 689 708 668 668 654 641 562   685
1989 537 514 520 515 509 503 515 528 546 515 528 532   522
1990 549 559 532 537 515 524 525 535 519 516 502 494   525
1991 528 513 506 510 520 526 537 520 543 553 528 498   523
1992 493 490 506 506 516 510 522 533 537 531       514
1993 552 538 593 614 625 615 614 587 583         591
1994 488 468 481 495 482 483 495 504 505 516 542 518   498
1995 547 576 607 648 670 660 652 715 732 693 704 741   662
1996 728 634 622 621 646 690 754 782 788 751 697 ###   ###
1997 568 601 646 621 594 597 588 566 566 565 ### 438   ###
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 113% 105% 104% 101% 97% 93% 101% 103% 110% 101% 87% 85%   100%
1984 102% 103% 105% 102% 100% 99% 102% 103% 100% 100% 96% 87%   100%
1985 98% 92% 95% 99% 101% 99% 102% 101% 106% 106% 103% 97%   100%
1986 96% 92% 95% 92% 94% 95% 98% 102% 110% 114% 109% 104%   100%
1987 76% 78% 82% 87% 91% 91% 92% 99% 108% 134% 132% 129%   100%
1988 114% 105% 102% 104% 104% 101% 103% 97% 97% 95% 94% 82%   100%
1989 103% 98% 100% 99% 98% 96% 99% 101% 105% 99% 101% 102%   100%
1990 104% 106% 101% 102% 98% 100% 100% 102% 99% 98% 96% 94%   100%
1991 101% 98% 97% 97% 99% 100% 103% 99% 104% 106% 101% 95%   100%
1992 96% 95% 98% 98% 100% 99% 102% 104% 104% 103% 0% 0%   83%
1993 93% 91% 100% 104% 106% 104% 104% 99% 99% 0% 0% 0%   75%
1994 98% 94% 97% 99% 97% 97% 99% 101% 101% 104% 109% 104%   100%
1995 83% 87% 92% 98% 101% 100% 98% 108% 111% 105% 106% 112%   100%
1996 ### ### ### ### ### ### ### ### ### ### ### ###   ###
1997 ### ### ### ### ### ### ### ### ### ### ### ###   ###
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 -89 -76 -78 -61 -67 -55 -59 -46 -53 -57 -40 -25   -59
1984 -68 -53 -53 -41 -50 -45 -44 -43 -43 -37 -32 -44   -46
1985 -56 -74 -67 -58 -72 -60 -59 -58 -39 -32 -33 -23   -53
1986 -43 -62 -74 -78 -72 -60 -47 -51 -57 -51 -40 -38   -56
1987 -63 -68 -70 -71 -71 -70 -71 -71 -82 -84 -105 -77   -75
1988 -78 -76 -84 -67 -73 -63 -63 -65 -62 -73 -48 -20   -64
1989 -37 -50 -63 -59 -64 -65 -77 -69 -90 -87 -75 -71   -67
1990 -77 -56 -50 -46 -55 -49 -61 -52 -61 -56 -37 -65   -55
1991 -70 -52 -55 -47 -45 -49 -59 -54 -64 -60 -50 -50   -55
1992 -57 -48 -56 -62 -65 -63 -63 -60 -65 -71       -61
1993 -20 -75 -77 -70 -76 -67 -72 -77 -43         -64
1994 -53 -73 -83 -67 -74 -71 -80 -71 -78 -77 -76 -79   -73
1995 -89 -80 -78 -73 -75 -71 -77 -54 -82 -79 -50 -54   -72
1996 -66 -83 -77 -78 -73 -75 -75 -75 -75 -56 -31     -70
1997 -18 -71 -77 -79 -79 -75 -70 -73 -73 -68   -23   -64
1998                           ###
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   ### ### ### ### ###   -57 23 -33 -80 0    
OCT   ### ### ### ### ###   -66 13 -54 -79 0    
NOV   ### ### ### ### ###   -70 12 -58 -82 0    
DEC   ### ### ### ### ###   -65 11 -54 -76 0    
JAN   ### ### ### ###     -68 10 -58 -78      
FEB   ### ### ### ###     -65 9 -56 -74      
MAR   ### ### ### ###     -70 7 -62 -77      
APR   ### ### ### ###     -65 9 -56 -74      
MAY   ### ### ### ###     -69 12 -57 -82      
JUN   ### ### ### ###     -70 10 -59 -80      
JUL   ### ### ### ###     -53 16 -37 -69      
AUG   ### ### ### ###     -52 21 -31 -73      

Last Updated on 3/4/99
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