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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. |
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Last Updated 1/13/07 |
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Estimated CRC & RA Early Corn, Soybeans and Grain Sorghum (sales closing
1/31 & 2/28) |
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Daily |
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Daily |
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Closing |
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Closing |
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Price |
Grain |
Price |
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CBOT |
Sorghum2 |
CBOT |
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Sep 07 |
93.9 % of |
Sep 07 |
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CRC Base Price |
Corn1 |
Corn |
Soybeans1 |
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$3.76 |
$3.53 |
$7.11 |
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Date |
12/15/06 |
3.6800 |
3.4570 |
7.0300 |
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12/18/06 |
3.6700 |
3.4476 |
6.9550 |
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12/19/06 |
3.7200 |
3.4945 |
7.0100 |
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12/20/06 |
3.7400 |
3.5133 |
6.9600 |
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12/21/06 |
3.7750 |
3.5462 |
6.9800 |
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12/22/06 |
3.8125 |
3.5814 |
7.0600 |
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12/25/06 |
Holiday |
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12/26/06 |
3.8325 |
3.6002 |
7.1900 |
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12/27/06 |
3.8225 |
3.5908 |
7.1800 |
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12/28/06 |
3.8550 |
3.6214 |
7.2300 |
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12/29/06 |
3.8650 |
3.6308 |
7.3200 |
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01/01/06 |
Holiday |
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01/02/06 |
Holiday |
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01/03/07 |
3.7150 |
3.4898 |
7.1500 |
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01/04/07 |
3.6600 |
3.4382 |
7.0900 |
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01/05/07 |
3.6525 |
3.4311 |
7.1500 |
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01/08/07 |
3.6925 |
3.4687 |
7.1300 |
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01/09/07 |
3.6275 |
3.4077 |
7.0100 |
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01/10/07 |
3.6600 |
3.4382 |
7.0050 |
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01/11/07 |
3.8250 |
3.5932 |
7.1050 |
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01/12/07 |
4.0250 |
3.7811 |
7.5000 |
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1CRC base price is the December
15-January 14 average closing price of the appropriate futures contract
for sales closing before March 15. RA has no contracts for a 1/31 sales
closing date. For February 28 sales closing RA uses the first 10
trading days in February to set the base price and uses the same harvest
price as the March 15 sales closing RA contract. |
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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. |
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