Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
MARKETING STRATEGY 94 94 94 94 95 95 95 95 95 95 95 95 95 95 95 95 96 96 96 96 96 96 96 96
LONG FUTURES
  Programs Recommending Strategy 2 3 3 1 1 1 3 3 2 2 2 1 2     1
  Average Recommendation (%)a 25.0 61.7 35.0 20.0 20.0 20.0 27.5 44.2 31.3 67.5 60.0 35.0 21.5     10.0
  Maximum Recommendation (%) 25 100 50 20 20 20 50 100 50 100 70 35 25 10
  Minimum Recommendation (%) 25 25 20 20 20 20 12.5 12.5 12.5 35 50 35 18 10
  All Program Average (%) 2.0 7.4 4.2 0.8 0.8 0.8 3.3 5.3 2.5 5.4 4.8 1.4 1.7     0.4
     
 
LONG CALLS
  Programs Recommending Strategy 2 5 5 5 6 5 5 5 5 6 6 3 3
  Average Recommendation (%) 50.0 35.0 45.0 45.0 54.2 45.0 45.0 55.0 55.0 33.3 40.2 38.7 38.7
  Maximum Recommendation (%) 50 50 50 50 100 100 100 150 150 50 50 50 50
  Minimum Recommendation (%) 50 25 25 25 25 25 25 25 25 25 25 33 33
  All Program Average (%) 4.0 7.0 9.0 9.0 13.0 9.0 9.0 11.0 11.0 8.0 9.6 4.6 4.6
 
SHORT PUTS
  Programs Recommending Strategy 2 2 2 2 3 3 2 2 3 3 3 1 1
  Average Recommendation (%) 35.0 35.0 45.0 45.0 30.0 28.3 17.5 17.5 20.0 20.0 20.0 20.0 20.0
  Maximum Recommendation (%) 50 50 50 50 50 50 20 20 25 25 25 20 20
  Minimum Recommendation (%) 20 20 40 40 40 15 15 15 15 15 15 20 20
  All Program Average (%) 2.8 2.8 3.6 3.6 3.6 3.4 1.4 1.4 2.4 2.4 2.4 0.8 0.8
                                                 
a: Percent Refers to Expected Production Before Harvest and Actual Production After Harvest
Table 5. Summary Statistics for Long Futures, Long Call and Short Put Recommendations, Corn, 1995