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Table 13. Pricing Results for 35 Market
Advisory Programs, Soybeans, 1995-2000 Crop Years, Commercial Storage Costs |
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1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
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Net |
Net |
Net |
Net |
Net |
Net |
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|
Advisory |
Advisory |
Advisory |
Advisory |
Advisory |
Advisory |
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Market Advisory Program |
Price |
Price |
Price |
Price |
Price |
Price |
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---$
per bushel (harvest equivalent)--- |
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Ag Alert for Ontario |
N/A |
7.37 |
N/A |
N/A |
N/A |
N/A |
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|
Ag Profit by Hjort |
6.77 |
7.13 |
6.16 |
5.26 |
5.34 |
N/A |
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Ag Review |
6.59 |
7.37 |
6.19 |
5.11 |
4.68 |
5.23 |
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AgLine by Doane (cash only) |
6.59 |
7.40 |
6.32 |
5.65 |
5.45 |
5.46 |
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AgLine by Doane (hedge) |
N/A |
N/A |
N/A |
5.60 |
5.45 |
5.32 |
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AgResource |
6.92 |
7.29 |
6.47 |
6.17 |
7.10 |
6.83 |
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Agri-Edge (cash only) |
6.70 |
7.28 |
6.06 |
N/A |
N/A |
N/A |
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Agri-Edge (hedge) |
6.62 |
7.18 |
6.25 |
N/A |
N/A |
N/A |
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Agri-Mark |
7.94 |
7.18 |
6.68 |
5.71 |
5.60 |
5.60 |
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AgriVisor (aggressive cash) |
6.38 |
7.28 |
6.33 |
5.55 |
5.48 |
5.35 |
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AgriVisor (aggressive hedge) |
6.97 |
7.40 |
6.14 |
5.77 |
5.40 |
5.29 |
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AgriVisor (basic cash) |
6.42 |
7.06 |
6.35 |
5.55 |
5.48 |
5.31 |
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AgriVisor (basic hedge) |
6.78 |
7.46 |
6.14 |
5.79 |
5.40 |
5.25 |
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Allendale (futures only) |
6.21 |
7.30 |
6.67 |
5.90 |
5.64 |
5.68 |
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Brock (cash only) |
6.27 |
7.20 |
6.31 |
5.65 |
5.68 |
5.23 |
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Brock (hedge) |
5.66 |
6.99 |
6.93 |
6.58 |
6.33 |
5.41 |
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Cash Grain |
N/A |
N/A |
N/A |
N/A |
5.99 |
5.40 |
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Co-Mark |
N/A |
N/A |
N/A |
N/A |
N/A |
5.53 |
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Freese-Notis |
6.40 |
7.13 |
6.15 |
5.81 |
5.32 |
5.46 |
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Grain Field Report |
6.84 |
N/A |
N/A |
N/A |
N/A |
N/A |
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Grain Marketing Plus |
N/A |
N/A |
N/A |
N/A |
N/A |
5.23 |
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Harris Weather/Elliott Advisory |
6.85 |
6.80 |
N/A |
N/A |
N/A |
N/A |
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North American Ag |
6.44 |
N/A |
N/A |
N/A |
N/A |
N/A |
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Pro Farmer (cash only) |
6.69 |
7.31 |
6.29 |
5.74 |
5.51 |
5.28 |
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Pro Farmer (hedge) |
6.78 |
7.49 |
6.47 |
5.85 |
5.81 |
5.55 |
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Progressive Ag |
N/A |
7.80 |
6.65 |
5.71 |
5.68 |
5.00 |
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Prosperous Farmer |
6.51 |
N/A |
N/A |
N/A |
N/A |
N/A |
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Risk Management Group (cash
only) |
N/A |
N/A |
N/A |
N/A |
5.51 |
5.53 |
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Risk Management Group (futures &
options) |
N/A |
N/A |
N/A |
N/A |
5.70 |
5.46 |
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Risk Management Group
(options only) |
N/A |
N/A |
N/A |
N/A |
5.51 |
5.51 |
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Stewart-Peterson Advisory
Reports |
6.09 |
7.37 |
6.22 |
6.36 |
6.00 |
5.45 |
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Stewart-Peterson Strictly
Cash |
6.28 |
7.13 |
6.33 |
5.96 |
5.42 |
5.24 |
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Top Farmer Intelligence |
6.20 |
6.84 |
6.08 |
6.32 |
6.23 |
5.76 |
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Utterback Marketing Services |
N/A |
N/A |
6.99 |
6.13 |
6.14 |
5.27 |
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Zwicker Cycle Letter |
6.89 |
7.67 |
6.59 |
5.76 |
N/A |
N/A |
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Descriptive Statistics: |
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Average |
6.59 |
7.27 |
6.38 |
5.82 |
5.67 |
5.45 |
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Median |
6.59 |
7.28 |
6.32 |
5.77 |
5.51 |
5.40 |
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Minimum |
5.66 |
6.80 |
6.06 |
5.11 |
4.68 |
5.00 |
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Maximum |
7.94 |
7.80 |
6.99 |
6.58 |
7.10 |
6.83 |
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Range |
2.28 |
1.00 |
0.93 |
1.47 |
2.42 |
1.83 |
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Standard Deviation |
0.42 |
0.23 |
0.26 |
0.34 |
0.45 |
0.33 |
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Market Benchmarks |
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24-Month Average |
6.26 |
7.08 |
6.30 |
5.86 |
5.50 |
5.42 |
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|
20-Month Average |
6.39 |
7.21 |
6.22 |
5.64 |
5.30 |
5.38 |
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Farmer Benchmark |
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USDA Average Price Received |
6.59 |
7.17 |
6.17 |
5.18 |
5.39 |
5.29 |
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Notes: N/A denotes
"not applicable" -- program did not exist or was not evaluated for
that marketing year. Net advisory prices and benchmark prices are stated on a
harvest equivalent basis. A crop year is a two-year marketing window from
September of the year previous to harvest through August of the year after
harvest. |
|
0.89 |
0.05 |
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0.33 |
0.03 |
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-0.04 |
0.02 |
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-0.04 |
0.00 |
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0.08 |
0.02 |
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0.25 |
0.02 |
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-0.02 |
0.01 |
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-0.04 |
0.00 |
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-0.09 |
0.00 |
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-0.07 |
0.01 |
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-0.05 |
0.03 |
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-0.10 |
0.01 |
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-0.31 |
0.02 |
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-0.20 |
0.02 |
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-0.35 |
0.01 |
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-0.28 |
0.02 |
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-0.14 |
0.04 |
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-0.43 |
0.03 |
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-0.03 |
0.02 |
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-0.06 |
0.02 |
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0.298544 |
0.013025547 |
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