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.
Last Updated 02/28/06
Estimated CRC & RA Corn, Soybeans Spring Wheat,
Cotton, and CRC Grain Sorghum (sales closing 3/15)1
Daily
Daily
Daily
Daily
Closing
Closing
Closing
Closing
Price
Grain
Price
Price
Price
CBOT
Sorghum2
CBOT
MGE
NYBOT
Dec 06
90.0% of
Nov 06
Sep 06
Dec 06
Est. GRIP, RA & CRC Base Price, Jan Price do not
count
Corn1
Corn
Soybeans
S Wheat
Cotton
$2.59
$2.33
$6.18
$4.23
$0.6033
Date
02/01/06
2.5400
2.2860
6.1675
3.9900
0.5952
02/02/06
2.5675
2.3108
6.2100
4.0875
0.6150
02/03/06
2.6000
2.3400
6.3050
4.1475
0.6144
02/06/06
2.5850
2.3265
6.2175
4.1450
0.6150
02/07/06
2.5450
2.2905
6.1100
4.1275
0.5983
02/08/06
2.5650
2.3085
6.1400
4.2050
0.6090
02/09/06
2.6075
2.3468
6.2500
4.2600
0.6100
02/10/06
2.5725
2.3153
6.1875
4.2250
0.6055
02/13/06
2.5700
2.3130
6.1925
4.1000
0.6005
02/14/06
2.5625
2.3063
6.1575
4.0800
0.6080
02/15/06
2.5850
2.3265
6.1975
4.1400
0.6049
02/16/06
2.5975
2.3378
6.2350
4.2700
0.5997
02/17/06
2.6175
2.3558
6.2950
4.3400
0.6051
02/20/06
Holiday
02/21/06
2.6175
2.3558
6.2050
4.3100
0.5955
02/22/06
2.5925
2.3333
6.0875
4.3200
0.6000
02/23/06
2.5975
2.3378
6.0750
4.3300
0.6030
02/24/06
2.6425
2.3783
6.1400
4.3775
0.6030
02/27/06
2.6450
2.3805
6.1575
4.4500
0.5890
02/28/06
2.6425
2.3783
6.1825
4.4000
0.5909
1Prices are for Kansas and the Corn
Belt Base Prices, Spring Wheat Northern Great Plains
2The grain sorghum price election is
set based on the USDA estimated corn-grain sorghum price ratio.
Before 2004 the grain sorghum price was set at 95% of the corn
price.
3The GRIP (Group Risk Income
Protection) will use the CRC prices starting in 2006. RA and CRC
base price is the February average closing price of the appropriate
futures contract.
