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| Thought this forum could use a little "getting back to marketing" info. Obviously, getting the high is not a realistic proposition, but thought this info of the last 40 years would be a good start to some discussion of timing in a market. Interesting that in the last three years, the highest price has been in June. Any bets that this year will be different? (A disclaimer, I know that the markets were higher previous to the one year time frame that I used, but this is what I track for my own marketing. If any of ya'll were smart enough to sell $6 corn 2+ years in advance, my hat's off to you.) Just using history, there is a 5/40 or a 12.5% chance that the high is in for the 2010 crop.
Highest Price for Dec Corn futures 1970-2009 (market year starts Dec 1, previous to year of contract, through Nov 30 of contract year. Numbers may be rounded a bit.)
Year month of high high price Month high occurred # of times high occurred
2009 june 4.73 dec ** 5
2008 june 7.96 jan 1
2007 june 4.31 feb 1
2006 nov 3.78 mar 3
2005 jul 2.72 apr 2
2004 apr 3.41 may 3
2003 may 2.53 jun 8
2002 sep 2.96 jul 4
2001 dec** 2.62 aug 4
2000 may 2.67 sep 4
1999 dec** 2.54 oct 1
1998 mar 2.90 nov 4
1997 mar 2.98
1996 jul 3.89
1995 nov 3.39
1994 june 2.77
1993 nov 2.85
1992 mar 2.76
1991 aug 2.72
1990 july 2.96
1989 jan 2.80
1988 july 3.70
1987 june 2.17
1986 dec** 2.31
1985 dec** 2.83
1984 june 3.17
1983 aug 3.76
1982 dec** 3.12
1981 apr 3.96
1980 nov 3.95
1979 june 3.30
1978 may 2.77
1977 feb 2.79
1976 sep 3.01
1975 aug 3.30
1974 oct 4.00
1973 aug 3.33
1972 sep 1.47
1971 june 1.62
1970 sep 1.59
From beautiful northwest Kansas...Make it a great Day! | |
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40 years of Dec corn history
