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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.

 

Wichita (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 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1984 #### #### #### #### 593 588 603 608 591 589 572 525   ####
1985 515 497 504 518 524 515 527 520 538 539 536 516   521
1986 506 471 483 470 475 476 490 506 551 561 540 514   503
1987 517 506 527 568 450 603 611 653 705 870 818 826   638
1988 834 780 762 770 768 745 764 730 726 711 703 601   741
1989 583 549 561 569 559 559 568 583 610 600 609 609   580
1990 614 604 573 578 564 571 583 593 581 578 553 555   579
1991 593 569 561 555 564 569 587 572 604 610 569 543   575
1992 544 520 545 556 566 559 586 585 592 591 700 675   585
1993 643 597 650 680 697 679 689 668 683 687 591 561   652
1994 543 524 552 555 543 540 551 564 562 582 612 601   561
1995 629 655 683 723 742 734 728 791 806 765 783 795   736
1996 787 706 702 700 726 766 825 858 875 838 768 718   772
1997 676 664 717 699 678 673 661 644 646 641 638 550   657
1998 523 535 571 563 #### #### #### #### #### #### #### ####   ####
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 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1984 #### #### #### #### #### #### #### #### #### #### #### ####   ####
1985 99% 95% 97% 99% 101% 99% 101% 100% 103% 103% 103% 99%   100%
1986 100% 94% 96% 93% 94% 95% 97% 101% 110% 111% 107% 102%   100%
1987 81% 79% 83% 89% 71% 94% 96% 102% 110% 136% 128% 130%   100%
1988 112% 105% 103% 104% 104% 100% 103% 98% 98% 96% 95% 81%   100%
1989 100% 95% 97% 98% 96% 96% 98% 101% 105% 103% 105% 105%   100%
1990 106% 104% 99% 100% 97% 99% 101% 102% 100% 100% 95% 96%   100%
1991 103% 99% 98% 96% 98% 99% 102% 100% 105% 106% 99% 94%   100%
1992 93% 89% 93% 95% 97% 95% 100% 100% 101% 101% 120% 115%   100%
1993 99% 92% 100% 104% 107% 104% 106% 102% 105% 105% 91% 86%   100%
1994 97% 93% 98% 99% 97% 96% 98% 100% 100% 104% 109% 107%   100%
1995 86% 89% 93% 98% 101% 100% 99% 107% 109% 104% 106% 108%   100%
1996 102% 91% 91% 91% 94% 99% 107% 111% 113% 108% 99% 93%   100%
1997 103% 101% 109% 106% 103% 102% 101% 98% 98% 98% 97% 84%   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 0 0 0 0 0 0 0 0 0 0 0 0   0
1984 0 0 0 0 1 8 8 9 10 15 20 10   7
1985 1 -8 -7 -3 -21 -10 -10 -10 5 10 21 39   1
1986 29 -9 -19 -23 -22 -14 0 -4 -3 -5 5 5   -5
1987 -7 -34 -38 -26 -20 -16 -17 -19 -31 -24 -60 -19   -26
1988 -27 -17 -20 -8 -21 -8 -7 -2 -4 -16 13 18   -8
1989 8 -15 -21 -5 -14 -9 -23 -14 -26 -2 -2 5   -10
1990 -12 -11 -9 -6 -22 -14 0 -4 -3 -5 5 5   -6
1991 -7 -34 -38 -26 -2 -5 -9 -1 -3 -3 -9 -6   -12
1992 -6 -18 -17 -12 -13 -14 0 -9 -10 -11 -7 -1   -10
1993 3 -10 -20 -4 -4 -3 3 3 5 3 -10 -12   -4
1994 -20 -11 -13 -5 -13 -14 -24 -11 -21 -10 -5 5   -12
1995 -3 -1 -2 2 -3 3 -1 2 -8 -7 3 6   -1
1996 -7 -10 3 1 6 2 -3 1 11 11 41 54   9
1997 27 -8 -6 -1 5 0 2 5 7 9 11 11   5
1998 -1 -9 -6 1                   -3
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% 523   -4 14 10 -19 -0.63    
OCT   96% 6% 102% 90% 535   -14 8 -6 -22 -9.06    
NOV   98% 5% 103% 93% 571   -14 11 -3 -26 -5.5    
DEC   99% 4% 104% 95% 563   -6 8 1 -14 1.41    
JAN   99% 4% 103% 96%     -8 10 1 -18      
FEB   99% 3% 102% 97%     -6 6 0 -12      
MAR   101% 3% 104% 99%     -6 10 3 -16      
APR   102% 4% 106% 98%     -3 6 3 -9      
MAY   104% 5% 108% 99%     -5 11 6 -17      
JUN   103% 4% 106% 99%     -3 8 5 -11      
JUL   102% 8% 110% 94%     4 14 18 -11      
AUG   97% 11% 108% 86%     9 17 26 -9      

Last Updated on 3/17/99
By Agricultural Economics

 

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