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 02/28/05
Estimated CRC & RA Corn, Soybeans Spring Wheat
and CRC Grain Sorghum (sales closing 3/15)1
Daily
Daily
Daily
Closing
Closing
Closing
Price
Grain
Price
Price
CBOT
Sorghum2
CBOT
MGE
Dec 05
92.5% of
Nov 05
Sep 05
Corn1
Corn
Soybeans
S Wheat
Est. GRIP Base Price
$2.38
$2.20
$5.99
$3.52
Est. RA & CRC Base Price
$2.32
$2.14
$5.53
$3.35
Date
02/01/05
2.2925
2.1206
5.2700
3.2800
02/02/05
2.2775
2.1067
5.2625
3.2750
02/03/05
2.2800
2.1090
5.2375
3.2850
02/04/05
2.2750
2.1044
5.2075
3.2825
02/07/05
2.2850
2.1136
5.2275
3.2875
02/08/05
2.2725
2.1021
5.2225
3.2700
02/09/05
2.2725
2.1021
5.2425
3.2600
02/10/05
2.3025
2.1298
5.3050
3.2700
02/11/05
2.3025
2.1298
5.3900
3.2900
02/14/05
2.3150
2.1414
5.4750
3.3150
02/15/05
2.3100
2.1368
5.4775
3.3250
02/16/05
2.2900
2.1183
5.4675
3.2800
02/17/05
2.3100
2.1368
5.6650
3.3050
02/18/05
2.3150
2.1414
5.7025
3.3000
02/22/05
2.3700
2.1923
5.9600
3.4825
02/23/05
2.3550
2.1784
5.9150
3.4500
02/24/05
2.3600
2.1830
5.8150
3.4350
02/25/05
2.3850
2.2061
6.0800
3.5725
02/28/05
2.4200
2.2385
6.1900
3.6500
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)
base price is based on the last 5 trading days before March 1. RA and
CRC base price is the February average closing price of the appropriate
futures contract.
