Great Bend

Great Bend (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	837	779	771	741	715	689	744	756	805	743	641	622	737
1984	585	585	585	563	556	551	566	571	554	553	536	490	558
1985	478	461	469	480	487	478	490	475	502	502	497	475	483
1986	469	431	444	432	436	438	451	467	504	522	501	477	464
1987	478	468	488	530	561	567	573	614	662	829	781	800	613
1988	803	753	737	748									760
1989					526	527	536	549	578	565	577	573	554
1990	580	573	542	548	530	538	548	558	551	548	520	524	547
1991	563	539	531	528	535	540	557	546	575	578	540	513	545
1992	519	493	514	525									513
1993					660	648	656	635	651	655	561	527	624
1994	508	488	517	518	507	507	516	527	525	543	577	559	524
1995	593	609	637	678	697	689	683	748	761	726	735	754	692
1996	745	656	652	657	686	726	791	818	833	797	743	678	732
1997	622	616	665	651	631	629	615	601	605	601	594	511	612
1998	483	487	523	514	####	####	####	####	####	####	####	####	####
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%	105%	101%	97%	93%	101%	103%	109%	101%	87%	84%	100%
1984	105%	105%	105%	101%	100%	99%	101%	102%	99%	99%	96%	88%	100%
1985	99%	95%	97%	99%	101%	99%	101%	98%	104%	104%	103%	98%	100%
1986	101%	93%	96%	93%	94%	94%	97%	101%	109%	112%	108%	103%	100%
1987	78%	76%	80%	86%	92%	93%	93%	100%	108%	135%	127%	131%	100%
1988	106%	99%	97%	98%	0%	0%	0%	0%	0%	0%	0%	0%	33%
1989	0%	0%	0%	0%	95%	95%	97%	99%	104%	102%	104%	103%	67%
1990	106%	105%	99%	100%	97%	98%	100%	102%	101%	100%	95%	96%	100%
1991	103%	99%	97%	97%	98%	99%	102%	100%	105%	106%	99%	94%	100%
1992	101%	96%	100%	102%	0%	0%	0%	0%	0%	0%	0%	0%	33%
1993	0%	0%	0%	0%	106%	104%	105%	102%	104%	105%	90%	84%	67%
1994	97%	93%	99%	99%	97%	97%	98%	100%	100%	104%	110%	107%	100%
1995	86%	88%	92%	98%	101%	99%	99%	108%	110%	105%	106%	109%	100%
1996	102%	90%	89%	90%	94%	99%	108%	112%	114%	109%	102%	93%	100%
1997	102%	101%	109%	106%	103%	103%	101%	98%	99%	98%	97%	83%	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	-67	-54	-61	-46	-52	-39	-45	-34	-45	-42	-29	-14	-44
1984	-31	-27	-36	-28	-36	-29	-28	-28	-27	-22	-16	-25	-28
1985	-36	-44	-42	-41	-58	-47	-47	-55	-32	-28	-19	-2	-37
1986	-8	-50	-58	-61	-61	-52	-39	-43	-51	-44	-34	-32	-44
1987	-46	-72	-77	-65	-63	-52	-56	-58	-74	-65	-122	-59	-67
1988	-57	-44	-45	-35									-45
1989					-47	-41	-56	-48	-58	-37	-27	-31	-43
1990	-45	-42	-40	-35	-40	-35	-38	-29	-29	-23	-19	-34	-34
1991	-35	-27	-22	-29	-31	-35	-38	-27	-32	-35	-38	-35	-32
1992	-31	-45	-48	-43									-42
1993					-41	-34	-30	-29	-28	-29	-40	-46	-35
1994	-55	-52	-48	-44	-49	-47	-59	-48	-57	-50	-40	-37	-49
1995	-43	-47	-47	-42	-48	-42	-46	-40	-53	-46	-45	-40	-45
1996	-49	-39	-47	-42	-33	-38	-38	-40	-30	-31	15	15	-30
1997	-19	-56	-58	-49	-42	-44	-44	-38	-34	-31	-33	-29	-40
1998	-39	-62	-53	-48									-50
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		80%	40%	121%	40%	483		-42	12	-30	-54	-39
OCT		77%	39%	116%	38%	487		-44	8	-36	-52	-61.7
NOV		78%	39%	118%	39%	523		-44	10	-35	-54	-53.3
DEC		79%	40%	119%	39%	514		-40	6	-34	-46	-47.8
JAN		79%	40%	119%	39%			-42	6	-35	-48
FEB		79%	40%	119%	40%			-40	5	-35	-44
MAR		81%	41%	122%	40%			-43	9	-34	-52
APR		82%	41%	123%	41%			-37	8	-30	-45
MAY		84%	42%	126%	42%			-40	13	-28	-53
JUN		83%	42%	124%	41%			-35	8	-27	-43
JUL		80%	41%	121%	40%			-28	18	-10	-47
AUG		77%	39%	116%	38%			-30	17	-12	-47

Last Updated on 3/9/99
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.