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					Season-average Price Calculator - 2011
Ag Decision Maker -- Iowa State University Extension
This calculator is based on the USDA season-average price calculator.
To use, fill in actual monthly farm prices from USDA's Agricultural Prices monthly report where possible. For months
without prices, please leave blank. Fill in current futures prices from the CME Group website where possible. For
contracts that have e

Enter your input values in shaded cells.
Estimated season-average prices are in blue.

Marketing year                                    Actual U.S. monthly                                               Current futures price by trading contract
month                                                 farm price
                                             Corn   Soybeans                                                                             Corn                                                  Soybeans
Sept. 2011                                     6.37     12.20                                              Sept. 2011                                                 Sept. 2011
Oct. 2011                                      5.71     11.70                                              Dec. 2011                                                  Nov. 2011
Nov. 2011                                      5.84     11.70                                              Mar. 2012                           6.45                   Jan. 2012
Dec. 2011                                      5.86     11.50                                              May 2012                            6.51                   Mar. 2012                         12.33
Jan. 2012                                      5.90     11.70 preliminary                                  Jul. 2012                           6.56                   May 2012                          12.41
Feb. 2012                                                                                                  Sept. 2012                          6.05                   Jul. 2012                         12.50
Mar. 2012                                                                                                                                                             Aug. 2012                         12.48
Apr. 2012                                                                                                                                                             Sept. 2012                        12.42
May 2012
Jun. 2012                                                                                                        CME Group Corn                                          CME Group Soybean
Jul. 2012                                                                                                           Futures                                                   Futures
Aug. 2012
                                                                                                           Estimated season-average prices
Monthly farm prices are available from USDA here.                                                             Corn                                                                                      5.99
                                                                                                              Soybeans                                                                                 11.78

Version 1.0
Author: Chad Hart
Date Printed:                           8/12/2012

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Issued in furtherance of Cooperative Extension work, Acts of May 8 and July 30, 1914, in cooperation with the U.S. Department of Agriculture. Cathann A. Kress, director, Cooperative Extension
Service, Iowa State University of Science and Technology, Ames, Iowa.
2010 Crops
                                                                                   Corn                                                                                                                                                                                 Soybeans
Marketing year    Actual monthly        Current futures   Futures price   Basis (5-year                          Monthly farm              Composite                  Monthly             Marketing year   Actual monthly        Current futures   Futures price   Basis (5-year
   month           farm price, if       price by trading    based on     U.S. average) 3/                        price forecast             monthly                  marketing               month          farm price, if       price by trading    based on     U.S. average) 3/
                    available 1/           contract 2/   nearby contract                                                                    forecast             weights (5-year                             available 1/           contract 4/   nearby contract
                                                                                                                                        actual/futures           U.S. average) 3/
                                                                                                                                                                              Percent
                    -------------------------------------------------------------------Dollars per bushel--------------------------------------------------------------------------                          -------------------------------------------------------------------Dollars per bushel-----------------------------------------------------
September                        4.08                     0.00                                        -0.24                                             4.08                        6.4   September                       9.98                     0.00                                        -0.43
October                          4.32                                                                 -0.17                                             4.32                      11.2    October                        10.20                                                                 -0.28
November                         4.55                                                                 -0.19                                             4.55                      12.2    November                       11.10                     0.00                                        -0.45
December                         4.82                     0.00                                        -0.30                                             4.82                        9.0   December                       11.60                                                                 -0.41
January                          4.94                                                                 -0.33                                             4.94                      14.3    January                        11.60                     0.00                                        -0.66
February                         5.64                                                                 -0.27                                             5.64                        6.9   February                       12.70                                                                 -0.54
March                            5.53                     0.00                                        -0.35                                             5.53                        7.5   March                          12.70                     0.00                                        -0.61
April                            6.35                                                                 -0.28                                             6.35                        6.2   April                          13.10                                                                 -0.49
May                              6.30                     0.00                                        -0.36                                             6.30                        6.2   May                            13.20                     0.00                                        -0.61
June                             6.38                                                                 -0.44                                             6.38                        6.8   June                           13.20                                                                 -0.72
July                             6.32                     0.00                                        -0.30                                             6.32                        7.2   July                           13.20                     0.00                                        -0.60
August                           6.62                                              7.23               -0.17                    7.06                     6.62                        6.2   August                         12.90                     0.00                    14.05               -0.21
September                                                 7.23                                                                                                                            September                                               14.05
                                                                                                                                             Estimated season-average price
                                                                                                                                                                                  5.32

Sources:
1/ NASS Agricultural Prices: http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1002
2/ CME Group - Corn: http://cmegroup.com/trading/commodities/grain-and-oilseed/corn.html
3/
   USDA season-average price calculator for 2010
4/ CME Group - Soybean: http://cmegroup.com/trading/commodities/grain-and-oilseed/soybean.html




2011 Crops
                                                                                   Corn                                                                                                                                                                                 Soybeans

Marketing year    Actual monthly        Current futures   Futures price   Basis (5-year                          Monthly farm              Composite                  Monthly             Marketing year   Actual monthly        Current futures   Futures price   Basis (5-year
   month           farm price, if       price by trading    based on     U.S. average) 3/                        price forecast             monthly                  marketing               month          farm price, if       price by trading    based on     U.S. average) 3/
                    available 1/           contract 2/   nearby contract                                                                    forecast             weights (5-year                             available 1/           contract 4/   nearby contract
                                                                                                                                        actual/futures           U.S. average) 3/
                                                                                                                                                                              Percent
                    -------------------------------------------------------------------Dollars per bushel--------------------------------------------------------------------------                          -------------------------------------------------------------------Dollars per bushel-----------------------------------------------------
September                        6.37                     0.00                                        -0.24                                             6.37                        6.4   September                      12.20                     0.00                                        -0.43
October                          5.71                                                                 -0.17                                             5.71                      11.2    October                        11.70                                                                 -0.28
November                         5.84                                                                 -0.19                                             5.84                      12.2    November                       11.70                     0.00                                        -0.45
December                         5.86                     0.00                                        -0.30                                             5.86                        9.0   December                       11.50                                                                 -0.41
January                          5.90                                                                 -0.33                                             5.90                      14.3    January                        11.70                     0.00                                        -0.66
February                         0.00                                              6.45               -0.27                    6.18                     6.18                        6.9   February                        0.00                                             12.33               -0.54
March                            0.00                     6.45                     6.48               -0.35                    6.12                     6.12                        7.5   March                           0.00                    12.33                    12.37               -0.61
April                            0.00                                              6.51               -0.28                    6.22                     6.22                        6.2   April                           0.00                                             12.41               -0.49
May                              0.00                     6.51                     6.53               -0.36                    6.18                     6.18                        6.2   May                             0.00                    12.41                    12.46               -0.61
June                             0.00                                              6.56               -0.44                    6.11                     6.11                        6.8   June                            0.00                                             12.50               -0.72
July                             0.00                     6.56                     6.30               -0.30                    6.00                     6.00                        7.2   July                            0.00                    12.50                    12.48               -0.60
August                           0.00                                              6.05               -0.17                    5.87                     5.87                        6.2   August                          0.00                    12.48                    12.42               -0.21
September                                                 6.05                                                                                                                            September                                               12.42
                                                                                                                                             Estimated season-average price
                                                                                                                                                                                  5.99

Sources:
1/ NASS Agricultural Prices: http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1002
2/ CME Group - Corn: http://cmegroup.com/trading/commodities/grain-and-oilseed/corn.html
3/
   USDA season-average price calculator for 2010
4/ CME Group - Soybean: http://cmegroup.com/trading/commodities/grain-and-oilseed/soybean.html
oybeans
                             Monthly farm           Composite                   Monthly
                             price forecast           monthly                 marketing
                                                      forecast            weights (5-year
                                                  actual/futures           U.S. average) 3/
                                                                                       Percent
-Dollars per bushel--------------------------------------------------------------------------
                                                                  9.98                        6.5
                                                                10.20                       20.4
                                                                11.10                       10.7
                                                                11.60                         8.6
                                                                11.60                       15.3
                                                                12.70                         6.5
                                                                12.70                         6.7
                                                                13.10                         6.0
                                                                13.20                         4.8
                                                                13.20                         5.0
                                                                13.20                         5.1
                                       13.84                    12.90                         4.3

                                                        Estimated season-average price
                                                                                11.68




oybeans

                             Monthly farm           Composite                   Monthly
                             price forecast           monthly                 marketing
                                                      forecast            weights (5-year
                                                  actual/futures           U.S. average) 3/
                                                                                       Percent
-Dollars per bushel--------------------------------------------------------------------------
                                                                12.20                         6.5
                                                                11.70                       20.4
                                                                11.70                       10.7
                                                                11.50                         8.6
                                                                11.70                       15.3
                                       11.78                    11.78                         6.5
                                       11.75                    11.75                         6.7
                                       11.92                    11.92                         6.0
                                       11.85                    11.85                         4.8
                                       11.78                    11.78                         5.0
                                       11.88                    11.88                         5.1
                                       12.21                    12.21                         4.3

                                                        Estimated season-average price
                                                                                11.78

				
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posted:8/13/2012
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