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Thursday, December 27, 2007
10:07 AM

 

Return To Storage for Soybeans

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 and October 15 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.  
Soybean Basis - October 1 Soybean Cash Prices - October 1
Soybean Basis - October 15 Soybean Cash Prices - October 15

 

Soybean Basis - October 1

Return to Storage From Change in Basis
SEMO Cash Soybeans 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
    ------   ------   ------   ------   ------   ------   ------
2007-08 20 8          
2006-07 27 25 24 3 12 12 10
2005-06 70 63 50 52 50 55 56
2004-05 36 41 38 43 39 23 10
2003-04 4 -10 -11 -25 -12 -12 -24
2002-03 10 10 9 12 5 -3 -8
2001-02 25 24 26 21 20 16 11
2000-01 27 29 36 37 33 36 29
1999-00 23 28 27 20 21 20 18
1998-99 21 25 32 35 33 23 20
1997-98 -9 -6 -13 -9 -13 -18 -20
1996-97 27 26 18 16 9 4 -2
1995-96 19 19 15 23 22 16 15
1994-95 20 26 25 23 28 26 20
1993-94 14 16 12 14 15 12 12
1992-93 7 4 5 8 6 4 -1
1991-92 16 15 17 10 8 7 3
1990-91 17 18 24 28 28 26 21
1989-90 15 27 18 13 21 20 16
1988-89 -7 0 3 -13 5 12 11
  -----   ------   ------   ------   ------   ------   ------   ------
19 Yr Ave 19 20 19 16 17 15 10
10 Yr Ave 23 23 22 19 19 15 10
7 Yr Ave 28 26 25 20 21 18 12
5 Yr Ave 29 26 22 17 19 15 9
3 Yr Ave 44 43 37 33 34 30 25

 

Soybean Cash Prices - October 1

Return to Storage From Change in Cash Price
SEMO Cash Soybeans 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
    ------   ------   ------   ------   ------   ------   ------
2007-08 98 164          
2006-07 148 126 135 141 163 200 185
2005-06 38 61 79 23 30 42 34
2004-05 20 38 26 9 -2 10 67
2003-04 79 84 103 126 97 155 254
2002-03 36 19 41 13 24 22 20
2001-02 9 -4 -23 0 -20 -14 -9
2000-01 33 36 31 5 -14 -24 -24
1999-00 7 -12 -7 23 32 30 16
1998-99 77 49 42 31 6 -25 -61
1997-98 86 55 27 30 36 24 4
1996-97 -40 -33 -49 -4 -19 17 37
1995-96 61 92 116 101 106 92 86
1994-95 27 40 24 23 16 25 15
1993-94 60 71 89 91 70 58 59
1992-93 25 32 26 43 32 28 33
1991-92 -23 -37 -43 -29 -24 -30 -23
1990-91 0 -13 -42 -42 -38 -34 -25
1989-90 2 22 -8 -13 -21 -11 -19
1988-89 -70 -46 -15 -61 -60 -82 -71
  -----   ------   ------   ------   ------   ------   ------   ------
19 Yr Ave 30 30 29 27 22 25 31
10 Yr Ave 53 45 45 40 35 42 49
7 Yr Ave 52 51 56 45 40 56 75
5 Yr Ave 64 66 77 62 62 86 112
3 Yr Ave 69 75 80 58 64 84 95
* Returns based upon 8.0% interest and 1 cent/month for farm storage  

 

Soybean Basis - October 15

Return to Storage From Change in Basis
SEMO Cash Soybeans Barge Prices 10/15*
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 -23 -37 -38 -53 -40 -39 -51
2002-03 12 13 11 14 8 -1 -6
2001-02 15 14 16 11 11 7 2
2000-01 18 20 27 28 25 28 21
1999-00 26 31 30 22 23 22 21
1998-99 19 23 29 32 30 20 17
1997-98 6 10 3 6 2 -4 -6
1996-97 23 22 14 12 5 0 -5
1995-96 18 18 15 22 21 15 14
1994-95 19 25 25 22 27 25 19
1993-94 14 17 12 15 15 13 12
1992-93 20 17 19 22 19 17 13
1991-92 18 17 19 12 11 9 6
1990-91 15 16 22 26 26 24 19
1989-90 15 27 18 13 21 20 16
1988-89 9 15 18 2 21 28 27
  -----   ------   ------   ------   ------   ------   ------   ------
16 Yr Ave 14 15 15 13 14 11 7
10 Yr Ave 13 14 13 12 11 7 3
7 Yr Ave 11 10 11 9 8 5 0
5 Yr Ave 10 8 9 5 5 3 -3
3 Yr Ave 1 -3 -3 -9 -7 -11 -19

 

Soybean Cash Prices - October 15

Return to Storage From Change in Cash Price
SEMO Cash Soybeans Barge Prices  10/15*
               
  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 35 40 59 81 52 111 210
2002-03 34 18 39 11 23 20 18
2001-02 27 14 -5 18 -1 5 10
2000-01 47 50 45 19 1 -9 -9
1999-00 -1 -20 -15 14 23 21 8
1998-99 37 9 1 -10 -35 -66 -102
1997-98 11 -19 -47 -45 -39 -52 -72
1996-97 16 23 7 52 37 73 94
1995-96 40 71 96 80 85 71 65
1994-95 22 35 20 18 11 20 10
1993-94 64 76 93 96 74 63 63
1992-93 35 42 37 54 42 38 44
1991-92 18 4 -2 12 18 11 19
1990-91 -11 -23 -53 -52 -49 -44 -36
1989-90 33 53 23 18 10 20 12
1988-89 -53 -30 1 -45 -43 -65 -54
  -----   ------   ------   ------   ------   ------   ------   ------
16 Yr Ave 22 21 19 20 13 14 17
10 Yr Ave 27 22 20 24 16 19 23
7 Yr Ave 27 13 11 13 3 4 9
5 Yr Ave 28 20 25 29 20 29 47
3 Yr Ave 32 24 31 37 25 45 79

 

 

David Reinbott
reinbottd@missouri.edu
Agriculture Business Specialist

University Outreach and Extension David Reinbott, reinbottd@missouri.edu
Farm Management Specialist
Last modified: December 27, 2007