Table 10.  Four-Year Averages and Standard Deviations for 18 Market Advisory Programs, Wheat Net Advisory Price and Advisory Revenue, 1995-1998
  Price     Advisory Revenue
Standard
Average Deviation Standard
Net of Net Deviation
Advisory Advisory Average of
Market Advisory Program Price Price     Revenue Revenue
---$/bushel--- ---$/acre---
Ag Line by Doane (cash-only) 3.37 1.12 161 38
Ag Profit by Hjort Associates 1 2.93 1.62 135 58
Ag Resource 3.15 1.70 143 53
Ag Review 3.13 1.27 148 44
Agri-Visor Aggressive Cash 2.93 0.87 139 16
Agri-Visor Aggressive Hedge 3.12 1.13 147 31
Agri-Visor Basic Cash 2.82 0.83 134 17
Agri-Visor Basic Hedge 3.00 1.01 142 29
Allendale (futures only) 2 3.00 0.28 149 38
Brock (cash-only) 3.38 0.50 166 34
Brock (hedge) 3.48 0.20 172 38
Freese-Notis 3.46 0.79 168 33
Pro Farmer (cash-only) 3.33 0.82 161 29
Pro Farmer (hedge) 3.36 0.87 163 34
Stewart-Peterson Advisory Reports 3.20 0.52 156 26
Stewart-Peterson Strictly Cash 3.35 0.53 164 29
Top Farmer Intelligence 2.85 0.59 138 21
Zwicker Cycle Letter 2.76 0.79 134 32
Descriptive Statistics:
  Average 3.15 0.86 151 33
  Median 3.14 0.83 149 33
  Minimum 2.76 0.20 134 16
  Maximum 3.48 1.70 172 58
  Range 0.72 1.50 39 42
Market Benchmark 3.42 0.46 167 29
             
Note:  Results are shown only for the 18 advisory programs included in all four years of the AgMAS wheat evaluations. With few exceptions, the marketing period is a two-year window from June of previous year through May of next year.
1 At the time of analysis for this report, Ag Profit by Hjort Associates had not made any cash sales of 1998 wheat. In order to complete the analysis, all remaining cash quantities are sold as of May 31, 2000.  Future AgMAS pricing reports will update and revise results for this program when the final pricing decisions are made.
2 At the time of analysis for this report, Allendale (futures only) had not made any cash sales of 1997 or 1998 wheat. However, the crop for both years is fully hedged using wheat futures.  In order to complete the analysis, the futures positions are closed and all remaining cash quantities sold as of May 31, 2000.  Future AgMAS pricing reports will update and revise results for this program when the final pricing decisions are made.