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 Rice Market Prices and
MPCI Price Elections
		Chicago November Rice							Chicago September Rice
			CRC	CRC						CRC	CRC
		Jan	Rice	Rice					Dec 15 to Jan 14	Rice	Rice	Aug			RMA
		Avg	High	Low	RA		Oct	%	Avg	High	Low	Avg.	Aug	%	Rice
		Plant	Price	Price	Volatile	Harv.	Avg.	Price	Plant	Price	Price	Harv.	Avg.	Price	Price
	Year	Price	Factor	Factor	Volatile	Price	Change	Change	Price	Factor	Factor	Price	Change	Change	Elec.

1	2008	0.144	0.01100	0.01100	0.15				0.139	0.00700	0.00700
	2007	0.107	0.00800	0.00800	0.14	0.116	0.009	8.4%	0.104	0.00600	0.00600	0.105	0.001	1.0%
	2006	0.089	0.00800	0.00800	0.15	0.096	0.007	7.9%	0.087	0.00700	0.00700	0.093	0.006	6.9%	0.065
2	2005	0.072	N/A	N/A	0.22	0.073	0.001	1.4%	0.076	0.07700	0.00700	0.068	(0.008)	-10.5%	0.071
3	2004	0.079	0.01100	0.01100	0.22	0.069	(0.010)	-12.7%	0.087	0.00600	0.00700	0.076	(0.011)	-12.6%	0.065
4	2003	0.052	0.00970	0.01050	0.26	0.071	0.019	36.5%	0.051	0.00550	0.00710	0.076	0.025	49.0%	0.065
5	2002	0.047	0.00996	0.01021		0.038	(0.009)	-19.1%	0.046	0.05580	0.00702	0.041	(0.005)	-10.9%	0.065
6	2001	0.066	0.00996	0.01021		0.045	(0.021)	-31.8%	0.063	0.00520	0.00638	0.039	(0.024)	-38.1%	0.070
7	2000	0.067	0.01035	0.01057		0.065	(0.002)	-3.0%	0.060	0.00532	0.00666	0.061	0.001	1.7%	0.070
8	1999	0.085				0.057	(0.028)	-33.3%	0.085			0.060	(0.025)	-28.9%	0.095
9	1998	0.100				0.091	(0.009)	-8.6%	0.101			0.094	(0.007)	-6.9%	0.100
10	1997	0.100				0.108	0.008	8.0%	0.100			0.096	(0.004)	-4.1%
11	1996	0.090				0.099	0.008	9.3%	0.092			0.102	0.010	11.1%
12	1995	0.072				0.097	0.025	34.0%	0.071			0.080	0.010	13.8%
13	1994	0.093				0.062	(0.031)	-33.4%	0.096			0.067	(0.029)	-30.0%
14	1993	0.058				0.088	0.029	50.5%	0.070			0.054	(0.016)