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Wednesday, November 17, 2004
01:22 PM

 

Return To Storage For Grain Sorghum

Basis and Cash Prices from March Futures

Southeast Missouri Cash Prices
The tables give the returns from on farm storage based on changes in basis and cash prices from October 1 to December 1 through March 1.  The returns are in cents per bushel based on 8.0% interest and 1 cent per month for on farm storage.  
Grain Sorghum Basis - October 1 Grain Sorghum Cash Prices - October 1
   

  Grain Sorghum Basis - October 1

Return to Storage From Change in Basis
SEMO Cash Grain Sorghum Barge Prices  10/1*
March Futures
               
  12/1 12/15 1/1 1/15 2/1 2/15 3/1
  Basis Basis Basis Basis Basis Basis Basis
  Return Return Return Return Return Return Return
  Farm Farm Farm Farm Farm Farm Farm
Year Storage Storage Storage Storage Storage Storage Storage
    ------   ------   ------   ------   ------   ------   ------
2003-04 31 13 9 5 0 -2 -7
2002-03 20 15 14 6 3 1 1
2001-02 15 16 17 15 9 7 11
2000-01 28 30 33 34 35 34 31
1999-00 32 40 39 31 30 28 31
1998-99 35 37 38 41 40 40 35
1997-98 8 1 10 12 11 6 7
1996-97 -10 -9 -10 -8 -12 -11 -19
1995-96 25 17 18 8 16 18 6
1994-95 25 28 28 19 26 19 16
1993-94 23 17 16 15 19 16 22
1992-93 3 5 5 8 8 8 6
1991-92 15 13 15 8 16 19 24
1990-91 13 14 18 16 9 9 16
1989-90 9 16 13 6 2 1 1
1988-89 13 20 21 9 24 28 23
  -----   ------   ------   ------   ------   ------   ------   ------
16 Yr Ave 18 17 18 14 15 14 13
10 Yr Ave 21 19 20 16 16 14 11
7 Yr Ave 24 22 23 21 18 17 16
5 Yr Ave 25 23 22 18 15 14 13
3 Yr Ave 22 14 13 9 4 2 2

 

Grain Sorghum Cash Prices - October 1

Return to Storage From Change in Cash Price
SEMO Cash Grain Sorghum Barge Prices  10/1*
               
  12/1 12/15 1/1 1/15 2/1 2/15 3/1
  Cash Cash Cash Cash Cash Cash Cash
  Return Return Return Return Return Return Return
  Farm Farm Farm Farm Farm Farm Farm
Year Storage Storage Storage Storage Storage Storage Storage
    ------   ------   ------   ------   ------   ------   ------
2003-04 51 38 33 45 42 53 60
2002-03 -2 -9 -12 -26 -23 -24 -28
2001-02 13 9 3 5 -9 -11 -11
2000-01 39 37 49 39 35 35 37
1999-00 18 22 23 34 35 33 29
1998-99 47 43 36 40 41 37 24
1997-98 26 8 8 21 22 9 8
1996-97 -47 -48 -54 -37 -45 -31 -19
1995-96 37 37 62 32 51 63 64
1994-95 22 29 30 28 30 26 24
1993-94 58 60 72 65 59 59 56
1992-93 0 5 -2 2 -1 -3 -3
1991-92 2 4 3 7 21 20 28
1990-91 19 20 17 18 20 16 27
1989-90 -1 8 2 1 -9 -5 -2
1988-89 -15 3 6 -9 2 3 -1
  -----   ------   ------   ------   ------   ------   ------   ------
16 Yr Ave 17 17 17 16 17 18 18
10 Yr Ave 20 17 18 18 18 19 19
7 Yr Ave 27 21 20 23 21 19 17
5 Yr Ave 24 19 19 19 16 17 17
3 Yr Ave 21 12 8 8 3 6 7

 

David Reinbott
reinbottd@missouri.edu
Agriculture Business Specialist

University Outreach and Extension David Reinbott, reinbottd@missouri.edu
Farm Management Specialist
Last modified: November 17, 2004