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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.

 


Topeka (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 851 799 787 759 732 705 758 771 824 760 658 638   753
1984 601 598 598 578 572 564 579 584 564 570 548 504   572
1985 487 471 471 491 495 491 503 505 515 516 513 483   495
1986 480 441 456 451 452 449 460 480 516 535 514 497   478
1987 493 494 520 550 584 587 594 637 697 855 827 820   638
1988 822 760 744 757 752 730 749 712 711 695 683 578   724
1989 561 532 550 556 537 547 556 568 594 583 592 592   564
1990 601 596 554 562 543 554 561 577 566 561 533 535   562
1991 581 559 551 549 554 558 576 561 592 600 562 528   564
1992 533 510 525 538 548 545 564 565 577 574 677 653   567
1993 620 587 640 666 679 669 678 656 672 675 581 548   639
1994 532 511 533 539 530 534 545 563 553 572 604 583   550
1995 612 631 664 708 725 713 714 781 785 744 763 786   719
1996 773 692 681 682 702 749 808 834 855 825 754 708   755
1997 671 640 689 668 657 648 630 612 612 611 601 517   630
1998 489 508 542 533 #### #### #### #### #### #### #### ####   ####
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% 97% 94% 101% 102% 109% 101% 87% 85%   100%
1984 105% 105% 105% 101% 100% 99% 101% 102% 99% 100% 96% 88%   100%
1985 98% 95% 95% 99% 100% 99% 102% 102% 104% 104% 104% 98%   100%
1986 101% 92% 96% 94% 95% 94% 96% 100% 108% 112% 108% 104%   100%
1987 77% 77% 81% 86% 92% 92% 93% 100% 109% 134% 130% 129%   100%
1988 114% 105% 103% 105% 104% 101% 103% 98% 98% 96% 94% 80%   100%
1989 100% 94% 97% 99% 95% 97% 99% 101% 105% 103% 105% 105%   100%
1990 107% 106% 99% 100% 97% 99% 100% 103% 101% 100% 95% 95%   100%
1991 103% 99% 98% 97% 98% 99% 102% 99% 105% 106% 100% 94%   100%
1992 94% 90% 93% 95% 97% 96% 99% 100% 102% 101% 119% 115%   100%
1993 97% 92% 100% 104% 106% 105% 106% 103% 105% 106% 91% 86%   100%
1994 97% 93% 97% 98% 96% 97% 99% 102% 101% 104% 110% 106%   100%
1995 85% 88% 92% 98% 101% 99% 99% 109% 109% 104% 106% 109%   100%
1996 102% 92% 90% 90% 93% 99% 107% 110% 113% 109% 100% 94%   100%
1997 107% 102% 109% 106% 104% 103% 100% 97% 97% 97% 95% 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 -53 -34 -44 -28 -34 -23 -31 -20 -25 -26 -12 2   -27
1984 -15 -13 -24 -13 -20 -16 -15 -15 -17 -5 -4 -11   -14
1985 -27 -34 -40 -30 -50 -34 -33 -25 -19 -13 -3 6   -25
1986 3 -39 -46 -42 -45 -41 -31 -30 -38 -30 -21 -12   -31
1987 -31 -46 -46 -45 -40 -32 -34 -34 -39 -39 -51 -39   -40
1988 -38 -37 -39 -26 -38 -23 -22 -20 -19 -31 -7 -5   -25
1989 -13 -31 -33 -19 -36 -21 -35 -29 -42 -19 -19 -11   -26
1990 -24 -19 -28 -21 -27 -19 -25 -10 -14 -11 -6 -24   -19
1991 -17 -6 -7 -8 -13 -16 -19 -12 -15 -12 -16 -20   -14
1992 -17 -28 -37 -30 -33 -28 -21 -29 -25 -28 -30 -24   -27
1993 -21 -26 -30 -18 -23 -13 -8 -9 -7 -10 -20 -25   -17
1994 -31 -22 -32 -22 -27 -20 -30 -12 -29 -21 -14 -14   -23
1995 -24 -25 -21 -13 -20 -19 -15 -7 -29 -28 -16 -8   -19
1996 -21 -25 -18 -18 -17 -15 -21 -23 -8 -3 26 44   -8
1997 30 -32 -34 -32 -16 -24 -28 -27 -27 -21 -26 -22   -22
1998 -33 -40 -34 -28                   -34
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% 8% 108% 93% 489   -18 17 0 -35 -32.9    
OCT   96% 6% 102% 90% 508   -25 8 -17 -33 -40.2    
NOV   98% 5% 103% 92% 542   -28 9 -19 -37 -34    
DEC   99% 5% 104% 95% 533   -21 7 -14 -27 -28.3    
JAN   99% 4% 103% 95%     -25 8 -17 -33      
FEB   99% 3% 102% 97%     -20 4 -16 -24      
MAR   101% 3% 104% 99%     -22 7 -15 -30      
APR   102% 4% 106% 98%     -18 8 -9 -26      
MAY   104% 5% 108% 99%     -21 11 -11 -32      
JUN   103% 4% 107% 99%     -18 9 -9 -27      
JUL   102% 8% 110% 93%     -13 15 2 -27      
AUG   97% 11% 108% 85%     -11 19 9 -30      


Last Updated on 3/11/99
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