Hutchinson

Hutchinson (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	844	790	781	751	718	697	755	767	818	750	645	629	745
1984	592	594	591	572	565	560	572	575	562	560	542	498	565
1985	486	464	476	488	495	486	498	492	509	510	505	487	491
1986	474	438	455	444	444	447	461	477	513	532	511	485	473
1987	482	480	498	540	570	572	581	624	683	832	784	812	621
1988	808	752	734	744	742	719	737	704	701	686	647	577	712
1989	558	528	545	546	538	537	548	561	588	580	589	588	559
1990	587	578	547	554	532	545	554	563	550	542	515	516	549
1991	562	543	535	533	539	545	561	548	577	579	541	517	548
1992	520	498	518	528	539	533	548	556	563	562	662	635	555
1993	600	570	628	654	667	659	667	644	652	658	561	532	624
1994	522	500	527	530	515	513	526	538	533	549	575	556	532
1995	592	616	648	687	709	701	695	758	772	729	745	751	700
1996	747	671	661	663	687	714	786	815	835	790	712	675	729
1997	625	630	677	656	632	631	622	603	605	599	597	495	614
1998	466	493	520	511	####	####	####	####	####	####	####	####	####
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%	105%	101%	96%	93%	101%	103%	110%	101%	87%	84%	100%
1984	105%	105%	105%	101%	100%	99%	101%	102%	99%	99%	96%	88%	100%
1985	99%	94%	97%	99%	101%	99%	101%	100%	104%	104%	103%	99%	100%
1986	100%	93%	96%	94%	94%	94%	97%	101%	108%	112%	108%	102%	100%
1987	78%	77%	80%	87%	92%	92%	94%	100%	110%	134%	126%	131%	100%
1988	113%	106%	103%	104%	104%	101%	103%	99%	98%	96%	91%	81%	100%
1989	100%	95%	98%	98%	96%	96%	98%	100%	105%	104%	105%	105%	100%
1990	107%	105%	100%	101%	97%	99%	101%	103%	100%	99%	94%	94%	100%
1991	103%	99%	98%	97%	98%	99%	102%	100%	105%	106%	99%	94%	100%
1992	94%	90%	93%	95%	97%	96%	99%	100%	101%	101%	119%	114%	100%
1993	96%	91%	101%	105%	107%	106%	107%	103%	104%	105%	90%	85%	100%
1994	98%	94%	99%	100%	97%	96%	99%	101%	100%	103%	108%	104%	100%
1995	84%	88%	93%	98%	101%	100%	99%	108%	110%	104%	106%	107%	100%
1996	102%	92%	91%	91%	94%	98%	108%	112%	114%	108%	98%	93%	100%
1997	102%	102%	110%	107%	103%	103%	101%	98%	99%	98%	97%	81%	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	-60	-43	-51	-36	-48	-32	-34	-23	-32	-36	-26	-7	-35
1984	-25	-18	-31	-19	-27	-20	-23	-24	-18	-15	-10	-18	-21
1985	-28	-41	-35	-33	-50	-39	-39	-38	-25	-20	-11	10	-29
1986	-3	-42	-48	-49	-52	-43	-29	-33	-41	-34	-24	-25	-35
1987	-42	-60	-67	-55	-54	-47	-47	-48	-53	-62	-94	-48	-56
1988	-52	-45	-49	-39	-47	-33	-34	-29	-29	-41	-31	-6	-36
1989	-17	-36	-37	-29	-35	-31	-44	-36	-48	-22	-22	-15	-31
1990	-38	-37	-35	-29	-38	-28	-32	-25	-30	-29	-24	-43	-32
1991	-36	-23	-27	-24	-28	-29	-34	-26	-30	-34	-37	-32	-30
1992	-30	-40	-44	-39	-42	-40	-37	-37	-40	-40	-44	-41	-39
1993	-40	-44	-42	-30	-34	-22	-19	-20	-26	-26	-40	-41	-32
1994	-42	-40	-38	-31	-41	-40	-49	-37	-50	-43	-43	-41	-41
1995	-45	-40	-37	-33	-36	-30	-34	-30	-42	-43	-35	-43	-37
1996	-47	-46	-38	-37	-32	-51	-43	-43	-29	-38	-16	12	-34
1997	-16	-43	-46	-44	-41	-42	-37	-36	-34	-33	-30	-34	-36
1998	-56	-55	-56	-50									-54
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%	466		-36	11	-25	-48	-55.6
OCT		96%	6%	102%	90%	493		-39	6	-33	-45	-55.4
NOV		98%	5%	104%	93%	520		-39	6	-33	-45	-56
DEC		100%	5%	104%	95%	511		-34	6	-28	-39	-50.3
JAN		99%	4%	103%	96%			-38	5	-32	-43
FEB		99%	3%	102%	97%			-35	8	-27	-43
MAR		102%	3%	105%	99%			-36	8	-29	-44
APR		102%	4%	107%	98%			-32	7	-25	-38
MAY		104%	5%	109%	99%			-36	8	-27	-44
JUN		102%	4%	106%	99%			-35	7	-28	-42
JUL		101%	9%	109%	92%			-32	9	-23	-41
AUG		96%	11%	107%	85%			-28	18	-10	-46

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.