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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.

 

Emporia (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 875 820 809 778 751 727 780 796 845 780 675 662   775
1984 631 621 620 599 593 588 604 608 590 590 571 528   595
1985 512 495 497 513 518 517 527 529 540 539 533 508   519
1986 508 466 473 468 472 470 479 497 537 555 532 514   497
1987 511 501 529 567 597 596 606 647 705 863 822 843   649
1988 837 776 755 769 766 741 761 727 727 715 698 592   739
1989 578 541 559 564 552 556 566 578 610 597 613 611   577
1990 609 597 565 572 557 567 577 590 583 579 550 556   575
1991 600 572 564 562 569 570 594 581 608 613 581 552   580
1992 552 527 550 561 571 567 580 589 599 594 705 686   590
1993 647 604 660 689 701 689 696 675 687 690 596 562   658
1994 554 527 552 559 550 548 563 564 568 579 622 607   566
1995 631 652 683 722 740 734 726 788 799 763 781 795   734
1996 776 703 702 700 722 761 819 850 875 833 757 715   768
1997 677 659 711 688 675 669 656 639 641 637 623 534   651
1998 530 536 568 561 #### #### #### #### #### #### #### ####   ####
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% 100% 97% 94% 101% 103% 109% 101% 87% 85%   100%
1984 106% 104% 104% 101% 100% 99% 101% 102% 99% 99% 96% 89%   100%
1985 99% 95% 96% 99% 100% 100% 102% 102% 104% 104% 103% 98%   100%
1986 102% 94% 95% 94% 95% 94% 96% 100% 108% 112% 107% 103%   100%
1987 79% 77% 82% 87% 92% 92% 93% 100% 109% 133% 127% 130%   100%
1988 113% 105% 102% 104% 104% 100% 103% 98% 98% 97% 94% 80%   100%
1989 100% 94% 97% 98% 96% 96% 98% 100% 106% 103% 106% 106%   100%
1990 106% 104% 98% 100% 97% 99% 100% 103% 101% 101% 96% 97%   100%
1991 103% 98% 97% 97% 98% 98% 102% 100% 105% 106% 100% 95%   100%
1992 93% 89% 93% 95% 97% 96% 98% 100% 101% 101% 119% 116%   100%
1993 98% 92% 100% 105% 106% 105% 106% 103% 104% 105% 91% 85%   100%
1994 98% 93% 98% 99% 97% 97% 100% 100% 100% 102% 110% 107%   100%
1995 86% 89% 93% 98% 101% 100% 99% 107% 109% 104% 106% 108%   100%
1996 101% 92% 91% 91% 94% 99% 107% 111% 114% 109% 99% 93%   100%
1997 104% 101% 109% 106% 104% 103% 101% 98% 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 -29 -12 -23 -9 -16 -1 -9 5 -5 -6 4 26   -6
1984 15 10 -2 8 1 8 9 9 10 15 19 13   10
1985 -1 -9 -15 -7 -27 -8 -10 -1 6 9 18 31   -1
1986 31 -15 -29 -25 -25 -20 -11 -13 -18 -10 -3 4   -11
1987 -13 -39 -36 -27 -27 -22 -22 -25 -31 -30 -81 -16   -31
1988 -23 -21 -27 -14 -24 -11 -10 -5 -3 -12 8 10   -11
1989 4 -22 -23 -11 -21 -12 -26 -19 -26 -5 9 7   -12
1990 -16 -18 -17 -11 -13 -6 -9 2 2 7 10 -3   -6
1991 2 6 3 5 3 -4 -2 7 1 1 3 3   2
1992 2 -11 -12 -6 -10 -6 -5 -4 -4 -8 -2 10   -5
1993 7 -10 -11 5 -1 8 10 11 9 6 -5 -8   2
1994 -9 -14 -13 -3 -6 -6 -12 -11 -65 -14 5 10   -11
1995 -5 -4 -2 1 -5 3 -3 0 -15 -9 1 1   -3
1996 -18 -13 3 2 3 -4 -10 -7 12 6 29 51   4
1997 36 -13 -12 -12 2 -3 -3 -1 2 5 -4 -5   -1
1998 8 -13 -8 -1 0 0 0 0 0 0 0 0   -1
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% 530   -2 16 14 -18 7.63    
OCT   96% 6% 101% 90% 536   -12 8 -4 -20 -12.7    
NOV   98% 5% 103% 93% 568   -11 10 -1 -21 -8    
DEC   99% 4% 104% 95% 561   -4 7 3 -11 -1.09    
JAN   99% 4% 103% 95%     -7 9 2 -16      
FEB   99% 3% 102% 97%     -4 6 1 -10      
MAR   101% 3% 104% 98%     -7 9 2 -16      
APR   102% 4% 106% 98%     -3 8 5 -11      
MAY   104% 5% 108% 99%     -9 22 13 -30      
JUN   102% 3% 106% 99%     -2 8 6 -10      
JUL   102% 8% 110% 93%     5 9 15 -4      
AUG   97% 12% 109% 85%     8 16 23 -8      

Last Updated on 3/4/99
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