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.

Historical Soybean Market Prices and MPCI
Price Elections (March 15 Sales Closing)
		CBOT Nov Soybeans
		CRC, RA, GRIP^*				RMA		CRC	CRC
		CRC, RA, GRIP^*		Oct	%	Sbean		High	Low	GRIP	GRIP
		Plant	Harv.	Avg.	Price	Price	RA	Price	Price	Plant	Volat
	Year	Price	Price	Change	Change	Elec.	Volatile	Factor	Factor	Price	value

1	2007	8.09	9.75	1.66	20.5%	7.00	0.19	0.9020	0.9020	8.09	0.19
2	2006	6.18	5.93	(0.25)	-4.0%	5.15	0.21	0.8360	0.8360	6.18	0.21
3	2005	5.53	5.75	0.22	4.0%	5.00	0.21	0.6550	0.6550	5.99	0.21
4	2004	6.72	5.26	(1.46)	-21.7%	5.60	0.21	0.8400	0.8400
5	2003	5.26	7.32	2.06	39.2%	5.30	0.18	0.7292	0.7292
6	2002	4.50	5.45	0.95	21.1%	5.00	0.16	0.4900	0.5000
7	2001	4.67	4.37	(0.30)	-6.4%	5.26	0.16	0.4900	0.5000
8	2000	5.32	4.72	(0.60)	-11.2%	5.16	0.20	0.5000	0.5040
9	1999	5.11	4.85	(0.26)	-5.1%	5.25
10	1998	6.64	5.46	(1.18)	-17.7%	6.00
11	1997	6.97	6.82	(0.15)	-2.1%	6.15
12	1996	7.23	7.07	(0.16)	-2.2%	6.75
13	1995	5.85	6.56	0.71	12.2%	5.50
14	1994	6.48	5.41	(1.07)	-16.5%	5.90
15	1993	5.86	6.15	0.29	4.9%	5.70
16	1992	6.06	5.37	(0.69)	-11.4%	5.50
17	1991	6.15	5.60	(0.55)	-8.9%	5.50
18	1990	5.95	6.12	0.16	2.8%	5.55
19	1989	7.24	5.62	(1.62)	-22.4%	6.17
20	1988	6.43	7.93	1.50	23.3%	5.00
21	1987	4.71	5.38	0.67	14.2%	5.00
22	1986	5.15	4.82	(0.34)	-6.6%	5.25
23	1985	6.06	5.05	(1.01)	-16.7%	6.50
24	1984	7.11	6.14	(0.97)	-13.6%	6.50
25	1983	6.33	8.43	2.10	33.1%	6.00
26	1982	6.76	5.32	(1.43)	-21.2%	7.00
27	1981	8.26	6.56	(1.70)	-20.6%	7.00
28	1980	7.29	8.57	1.29	17.6%	6.00
29	1979	6.97	6.70	(0.28)	-4.0%	4.50
30	1978	5.76	6.84	1.08	18.7%	3.50
31	1977	6.96	5.31	(1.65)	-23.8%	3.50
32	1976	5.08	6.41	1.33	26.2%	3.50
33	1975	5.79	5.25	(0.55)	-9.4%	3.00
34	1974	6.30	8.59	2.29	36.4%	3.00
35	1973	3.95	5.85	1.90	48.2%	2.50

Average Price		6.07	6.09	0.018
Sd. Deviation		0.96	1.12	1.187
Max Price Increase				2.292
Max Price Decrease				(1.699)
*GRIP initially used a different planting price but starting in 2006 the GRIP prices now match CRC prices.