United States Department of Agriculture ISSN: 1949-1905 Price Reactions After USDA Crop Reports March 2015 Contents Crop Reports and Price Reactions Overview................................................. 4 Price Reactions to USDA Crop Reports by Crop and Report................................... 5 Corn Price Changes Following Crop Production Reports - United States: 1985-2014........... 6 Corn Price Changes Following Grain Stocks Reports - United States: 1984-2014.............. 10 Soybean Price Changes Following Crop Production Reports - United States: 1985-2014........ 14 Soybean Price Changes Following Grain Stocks Reports - United States: 1984-2014........... 18 Wheat Price Changes Following Crop Production Reports - United States: 1987-2014.......... 22 Wheat Price Changes Following Grain Stocks Reports - United States: 1984-2014............. 26 Upland Cotton Price Changes Following Crop Production Reports - United States: 1989-2014.. 30 Information Contacts...................................................................... 34 Crop Reports and Price Reactions Overview This report contains corn, soybean, wheat, and Upland cotton price reactions to the USDA Crop Production and Grain Stocks reports. Each year, estimates of corn, soybean, wheat, and cotton production are published in the monthly Crop Production reports. Corn and soybean estimates are published in the August, September, October, and November Crop Production reports and the January Crop Production Annual Summary. Wheat estimates are published in the May, June, July, and August Crop Production reports and the September Small Grains Annual Summary. Cotton estimates are included in the August, September, October, November, and December Crop Production reports and the January Crop Production Annual Summary. Estimates of corn, soybean, and wheat stocks are published in the Grain Stocks report issued in March, June, September, and January. This report does not imply that NASS reports are solely responsible for changes to the price level for commodities referenced in the publication. The price level for any commodity can potentially be affected by other information available to the market at that time but ultimately is determined by supply and demand. The prices in this report for corn, soybeans, wheat, and cotton represent sales from producers to first buyers at major markets as reported by the USDA Agricultural Marketing Service (AMS). The price data series used for each commodity is described below: Commodity AMS Market News Price Used Corn The closing cash price for Southern Iowa #2 yellow corn. Soybeans The average price paid at Southern Iowa points by processors. Wheat The closing cash price for Kansas City #1 hard winter wheat (ordinary protein). Upland cotton The 7-Market Average Base Quotations for Upland cotton (the Upland cotton base quality is color 41, leaf grade 4, staple 34). Before May 1994, the quarterly Grain Stocks report, the monthly Crop Production report, as well as the Annual Crop Production and Small Grains Summaries were all published at 3:00 p.m. ET. Therefore, the "prior closing price," referred to in the tables of this report, is the closing price the day of the release since the U.S. markets were already closed at 3:00 p.m. ET and did not have a chance to react on that day. Referring to data in this publication, if a report was published on Thursday at 3:00 p.m. ET, the "prior closing price" is Thursday's closing price. The "day after price" is the closing price on Friday and the "week after price" is the following Thursday's closing price. However, starting in May 1994, the release time for all reports mentioned previously was changed to 8:30 a.m. ET. Therefore, the "prior closing price," referred to in the tables of this report, is the previous day's closing price since the U.S. markets had not yet opened on the day of the release. The "day after" and "week after" prices are then published to reflect the same number of days after report publication as when the report was released at 3:00 p.m. ET. Referring again to data in this publication, if a report was published on Tuesday at 8:30 a.m. ET, the "prior closing price" is Monday's closing price. The "day after price" is the closing price on Tuesday since the U.S. markets were open after the report was released and the "week after price" is the following Monday's closing price. Beginning in January 2013, the release time for publications referenced in this report was changed to 12:00 p.m. ET. This change did not affect the "prior closing price" or "day after price" definitions described in the previous paragraph. Due to the lapse in federal funding in October 2013, the National Agricultural Statistics Service (NASS) 2013 October Crop Production report was cancelled. Additionally, Agricultural Marketing Service (AMS) Market News price reports were also cancelled. As a result, no data is available for a price comparison for the 2013 Small Grain Annual Summary or the 2013 September Grain Stocks report. Price Reactions to USDA Crop Reports by Crop and Report ------------------------------------------------------------------------------------------------ Crop, USDA report, : Day after report : Week after report and :------------------------------------------------------------------- price reaction : Reaction : Average : Reaction : Average : :price change 1/ : :price change 1/ ------------------------------------------------------------------------------------------------ : number cents per bushel number cents per bushel : Corn : Crop Production (1985-2014) : Price increases ..........: 64 7.9 77 12.3 No price change ..........: 18 (X) 1 (X) Price decreases ..........: 67 -7.1 71 -13.3 Total ....................: 149 (X) 149 (X) : Grain Stocks (1984-2014) : Price increases ..........: 55 8.7 60 16.4 No price change ..........: 7 (X) 5 (X) Price decreases ..........: 62 -9.8 59 -17.2 Total ....................: 124 (X) 124 (X) : Soybeans : Crop Production (1985-2014) : Price increases ..........: 73 15.4 76 23.4 No price change ..........: 4 (X) 2 (X) Price decreases ..........: 72 -15.1 71 -27.2 Total ....................: 149 (X) 149 (X) : Grain Stocks (1984-2014) : Price increases ..........: 53 15.9 54 25.7 No price change ..........: 2 (X) 1 (X) Price decreases ..........: 69 -17.0 69 -25.8 Total ....................: 124 (X) 124 (X) : Wheat : Crop Production (1987-2014) : Price increases ..........: 70 7.9 80 14.7 No price change ..........: 9 (X) 4 (X) Price decreases ..........: 74 -7.1 69 -17.8 Total ....................: 153 (X) 153 (X) : Grain Stocks (1984-2014) : Price increases ..........: 55 9.3 54 16.4 No price change ..........: 7 (X) 5 (X) Price decreases ..........: 62 -11.6 65 -16.6 Total ....................: 124 (X) 124 (X) : Upland cotton : Crop Production (1989-2014) : Price increases ..........: 73 95.1 87 193.7 No price change ..........: 0 (X) 1 (X) Price decreases ..........: 82 -96.1 67 -197.4 Total ....................: 155 (X) 155 (X) ------------------------------------------------------------------------------------------------ (X) Not applicable. 1/ Cotton price changes displayed in points per pound. Corn Price Changes Following Crop Production Reports - United States: 1985-2014 ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : -------- dollars per bushel ------- cents per bushel : 1985 : August ........: (NA) (NA) (NA) 0 +5 September .....: (NA) (NA) (NA) -5 -13 October .......: (NA) (NA) (NA) -3 -7 November ......: (NA) (NA) (NA) +2 +8 Annual ........: (NA) (NA) (NA) -1 -2 : 1986 : August ........: (NA) (NA) (NA) 0 -6 September .....: (NA) (NA) (NA) 0 -1 October .......: (NA) (NA) (NA) -1 -4 November ......: (NA) (NA) (NA) 0 +2 Annual ........: (NA) (NA) (NA) +2 +4 : 1987 : August ........: 1.48 1.48 1.51 0 +3 September .....: 1.57 1.56 1.61 -1 +4 October .......: 1.54 1.54 1.66 0 +12 November ......: 1.74 1.78 1.79 +4 +5 Annual ........: 1.86 1.89 1.90 +3 +4 : 1988 : August ........: 2.77 2.68 2.78 -9 +1 September .....: 2.78 2.78 2.67 0 -11 October .......: 2.81 2.81 2.75 0 -6 November ......: 2.70 2.63 2.58 -7 -12 Annual ........: 2.70 2.70 2.56 0 -14 : 1989 : August ........: 2.33 2.40 2.42 +7 +9 September .....: 2.42 2.36 2.30 -6 -12 October .......: 2.33 2.32 2.40 -1 +7 November ......: 2.34 2.35 2.40 +1 +6 Annual ........: 2.32 2.36 2.34 +4 +2 : 1990 : August ........: 2.55 2.54 2.58 -1 +3 September .....: 2.36 2.30 2.26 -6 -10 October .......: 2.34 2.27 2.25 -7 -9 November ......: 2.33 2.32 2.25 -1 -8 Annual ........: 2.31 2.35 2.39 +4 +8 : 1991 : August ........: 2.56 2.53 2.36 -3 -20 September .....: 2.46 2.44 2.40 -2 -6 October .......: 2.42 2.42 2.34 0 -8 November ......: 2.45 2.48 2.46 +3 +1 Annual ........: 2.47 2.49 2.51 +2 +4 : 1992 : August ........: 2.20 2.22 2.26 +2 +6 September .....: 2.22 2.24 2.16 +2 -6 October .......: 2.06 2.05 2.04 -1 -2 November ......: 2.03 2.06 2.14 +3 +11 Annual ........: 2.16 2.12 2.16 -4 0 : 1993 : August ........: 2.30 2.23 2.24 -7 -6 September .....: 2.24 2.25 2.26 +1 +2 October .......: 2.30 2.36 2.37 +6 +7 November ......: 2.61 2.72 2.78 +11 +17 Annual ........: 3.04 3.08 2.96 +4 -8 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Corn Price Changes Following Crop Production Reports - United States: 1985-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : ------ dollars per bushel ------ cents per bushel : 1994 : August ........: 2.20 2.20 2.25 0 +5 September .....: 2.18 2.11 2.05 -7 -13 October .......: 2.01 2.02 1.98 +1 -3 November ......: 2.08 2.10 2.12 +2 +4 Annual ........: 2.33 2.34 2.35 +1 +2 : 1995 : August ........: 2.65 2.65 2.67 0 +2 September .....: 2.75 2.79 2.84 +4 +9 October .......: 3.02 3.04 3.07 +2 +5 November ......: 3.23 3.19 3.18 -4 -5 Annual ........: 3.61 3.55 3.54 -6 -7 : 1996 : August ........: 4.91 4.82 4.53 -9 -38 September .....: 3.74 3.60 3.24 -14 -50 October .......: 2.99 2.91 2.90 -8 -9 November ......: 2.70 2.70 2.64 0 -6 Annual ........: 2.53 2.60 2.67 +7 +14 : 1997 : August ........: 2.50 2.63 2.59 +13 +9 September .....: 2.66 2.56 2.54 -10 -12 October .......: 2.70 2.73 2.67 +3 -3 November ......: 2.76 2.71 2.70 -5 -6 Annual ........: 2.49 2.63 2.70 +14 +21 : 1998 : August ........: 2.06 2.03 1.99 -3 -7 September .....: 1.86 1.81 1.75 -5 -11 October .......: 1.93 1.98 2.05 +5 +12 November ......: 2.10 2.20 2.15 +10 +5 Annual ........: 2.12 2.11 2.11 -1 -1 : 1999 : August ........: 1.88 1.74 1.81 -14 -7 September .....: 1.86 1.83 1.75 -3 -11 October .......: 1.69 1.64 1.75 -5 +6 November ......: 1.95 1.88 1.91 -7 -4 Annual ........: 1.91 1.97 2.06 +6 +15 : 2000 : August ........: 1.54 1.56 1.57 +2 +3 September .....: 1.67 1.66 1.51 -1 -16 October .......: 1.80 1.84 1.86 +4 +6 November ......: 1.97 1.99 1.98 +2 +1 Annual ........: 2.11 2.04 2.00 -7 -11 : 2001 : August ........: 2.09 2.09 2.02 0 -7 September .....: 2.02 1.96 1.96 -6 -6 October .......: 1.91 1.85 1.85 -6 -6 November ......: 1.97 1.97 2.02 0 +5 Annual ........: 1.97 2.00 2.01 +3 +4 : 2002 : August ........: 2.44 2.53 2.65 +9 +21 September .....: 2.79 2.69 2.58 -10 -21 October .......: 2.39 2.35 2.44 -4 +5 November ......: 2.26 2.29 2.40 +3 +14 Annual ........: 2.33 2.24 2.22 -9 -11 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Corn Price Changes Following Crop Production Reports - United States: 1985-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : ------ dollars per bushel ------ cents per bushel : 2003 : August ........: 2.16 2.23 2.31 +7 +15 September .....: 2.38 2.26 2.15 -12 -23 October .......: 2.15 2.09 2.11 -6 -4 November ......: 2.31 2.36 2.35 +5 +4 Annual ........: 2.43 2.56 2.61 +13 +18 : 2004 : August ........: 2.25 2.22 2.28 -3 +3 September .....: 2.17 2.13 1.95 -4 -22 October .......: 1.82 1.79 1.85 -3 +3 November ......: 1.77 1.84 2.00 +7 +23 Annual ........: 1.96 1.91 1.88 -5 -8 : 2005 : August ........: 2.11 2.04 1.98 -7 -13 September .....: 1.75 1.73 1.66 -2 -9 October .......: 1.54 1.61 1.62 +7 +8 November ......: 1.86 1.86 1.87 0 +1 Annual ........: 1.98 1.97 1.97 -1 -1 : 2006 : August ........: 2.14 2.01 1.98 -13 -16 September .....: 2.14 2.09 2.22 -5 +8 October .......: 2.54 2.67 2.91 +13 +37 November ......: 3.43 3.38 3.52 -5 +9 Annual ........: 3.54 3.67 3.86 +13 +32 : 2007 : August ........: 3.07 3.07 2.90 0 -17 September .....: 2.95 3.02 2.94 +7 -1 October .......: 3.13 3.21 3.50 +8 +37 November ......: 3.78 3.74 3.66 -4 -12 Annual ........: 4.37 4.49 4.68 +12 +31 : 2008 : August ........: 4.66 4.78 5.11 +12 +45 September .....: 4.88 5.17 4.76 +29 -12 October .......: 3.86 3.61 3.43 -25 -43 November ......: 3.26 3.40 3.43 +14 +17 Annual ........: 3.77 3.49 3.56 -28 -21 : 2009 : August ........: 3.40 3.40 3.23 0 -17 September .....: 3.12 3.15 3.28 +3 +16 October .......: 3.48 3.44 3.54 -4 +6 November ......: 3.36 3.49 3.76 +13 +40 Annual ........: 3.78 3.48 3.26 -30 -52 : 2010 : August ........: 3.58 3.71 3.85 +13 +27 September .....: 4.24 4.36 4.53 +12 +29 October .......: 4.61 4.81 5.26 +20 +65 November ......: 5.53 5.43 5.39 -10 -14 Annual ........: 5.86 6.10 6.37 +24 +51 : 2011 : August ........: 6.95 7.16 7.08 +21 +13 September .....: 7.08 7.19 6.65 +11 -43 October .......: 6.30 6.26 6.38 -4 +8 November ......: 6.56 6.53 6.44 -3 -12 Annual ........: 6.36 5.96 5.81 -40 -55 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Corn Price Changes Following Crop Production Reports - United States: 1985-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : -------- dollars per bushel ------- cents per bushel : 2012 : August ........: 8.11 7.91 7.90 -20 -21 September .....: 7.55 7.45 7.12 -10 -43 October .......: 7.17 7.57 7.29 +40 +12 November ......: 7.21 7.22 7.14 +1 -7 Annual ........: 7.01 7.05 7.22 +4 +21 : 2013 : August ........: 5.69 5.78 5.86 +9 +17 September .....: 4.64 4.58 4.42 -6 -22 October .......: (NA) (NA) (NA) (NA) (NA) November ......: 4.16 4.22 4.27 +6 +11 Annual ........: 4.11 4.31 4.26 +20 +15 : 2014 : August ........: 3.65 3.69 3.71 +4 +6 September .....: 3.36 3.31 3.28 -5 -8 October .......: 3.03 2.93 3.11 -10 +8 November ......: 3.33 3.30 3.46 -3 +13 Annual ........: 3.76 3.80 3.69 +4 -7 ------------------------------------------------------------------------------------- (NA) Not available. 1/ Closing cash price for Southern Iowa #2 yellow corn as reported by AMS Grain Market News. 2/ The price change is indicated by the difference between the prior closing price and the price for the day or week after each report. Corn Price Changes Following Grain Stocks Reports - United States: 1984-2014 ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : -------- dollars per bushel ------- cents per bushel : 1984 : January .......: (NA) (NA) (NA) -4 -4 April .........: (NA) (NA) (NA) -10 -19 June ..........: (NA) (NA) (NA) -1 -10 October .......: (NA) (NA) (NA) -1 -2 : 1985 : January .......: (NA) (NA) (NA) 0 0 April .........: (NA) (NA) (NA) +1 -2 June ..........: (NA) (NA) (NA) -2 +4 October .......: (NA) (NA) (NA) +2 +8 : 1986 : January .......: (NA) (NA) (NA) -1 -2 April .........: (NA) (NA) (NA) +2 +6 June ..........: (NA) (NA) (NA) -9 -32 September .....: (NA) (NA) (NA) -3 -16 December ......: (NA) (NA) (NA) +2 +4 : 1987 : March .........: (NA) (NA) (NA) -1 -6 June ..........: (NA) (NA) (NA) -6 0 September .....: 1.60 1.66 1.59 +6 -1 December ......: 1.86 1.89 1.90 +3 +4 : 1988 : March .........: 2.02 2.00 2.01 -2 -1 June ..........: 2.90 3.00 2.94 +10 +4 September .....: 2.73 2.78 2.80 +5 +7 December ......: 2.70 2.70 2.56 0 -14 : 1989 : March .........: 2.68 2.62 2.68 -6 0 June ..........: 2.69 2.73 2.77 +4 +8 September .....: 2.28 2.28 2.36 0 +8 December ......: 2.32 2.36 2.34 +4 +2 : 1990 : March .........: 2.61 2.64 2.69 +3 +8 June ..........: 2.92 2.91 2.81 -1 -11 September .....: 2.24 2.24 2.26 0 +2 December ......: 2.31 2.35 2.39 +4 +8 : 1991 : March .........: 2.56 2.58 2.58 +2 +2 June ..........: 2.38 2.32 2.38 -6 0 September .....: 2.32 2.41 2.44 +9 +12 December ......: 2.47 2.49 2.51 +2 +4 : 1992 : March .........: 2.62 2.57 2.60 -5 -2 June ..........: 2.55 2.60 2.51 +5 -4 September .....: 2.13 2.11 2.06 -2 -7 December ......: 2.16 2.12 2.16 -4 0 : 1993 : March .........: 2.33 2.32 2.36 -1 +3 June ..........: 2.25 2.33 2.40 +8 +15 September .....: 2.24 2.23 2.26 -1 +2 December ......: 3.04 3.08 2.96 +4 -8 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Corn Price Changes Following Grain Stocks Reports - United States: 1984-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : ------ dollars per bushel ------ cents per bushel : 1994 : March .........: 2.75 2.72 2.78 -3 +3 June ..........: 2.46 2.49 2.35 +3 -11 September .....: 2.00 2.03 2.07 +3 +7 December ......: 2.33 2.34 2.35 +1 +2 : 1995 : March .........: 2.48 2.48 2.47 0 -1 June ..........: 2.66 2.70 2.78 +4 +12 September .....: 2.93 2.93 2.94 0 +1 December ......: 3.61 3.55 3.54 -6 -7 : 1996 : March .........: 4.05 4.14 4.26 +9 +21 June ..........: 4.77 5.00 5.15 +23 +38 September .....: 3.18 3.01 2.94 -17 -24 December ......: 2.53 2.60 2.67 +7 +14 : 1997 : March .........: 3.01 3.03 2.89 +2 -12 June ..........: 2.41 2.43 2.36 +2 -5 September .....: 2.48 2.47 2.52 -1 +4 December ......: 2.49 2.63 2.70 +14 +21 : 1998 : March .........: 2.63 2.56 2.46 -7 -17 June ..........: 2.33 2.40 2.34 +7 +1 September .....: 1.84 1.80 1.85 -4 +1 December ......: 2.12 2.11 2.11 -1 -1 : 1999 : March .........: 2.26 2.20 2.11 -6 -15 June ..........: 2.00 2.00 1.76 0 -24 September .....: 1.88 1.80 1.71 -8 -17 December ......: 1.91 1.97 2.06 +6 +15 : 2000 : March .........: 2.20 2.21 2.16 +1 -4 June ..........: 1.69 1.65 1.62 -4 -7 September .....: 1.61 1.65 1.83 +4 +22 December ......: 2.11 2.04 2.00 -7 -11 : 2001 : March .........: 1.93 1.86 2.00 -7 +7 June ..........: 1.78 1.79 1.89 +1 +11 September .....: 1.86 1.82 1.84 -4 -2 December ......: 1.97 2.00 2.01 +3 +4 : 2002 : March .........: 2.03 2.00 1.98 -3 -5 June ..........: 2.22 2.20 2.26 -2 +4 September .....: 2.50 2.40 2.47 -10 -3 December ......: 2.33 2.24 2.22 -9 -11 : 2003 : March .........: 2.30 2.38 2.40 +8 +10 June ..........: 2.35 2.30 2.29 -5 -6 September .....: 2.13 2.08 2.10 -5 -3 December ......: 2.43 2.56 2.61 +13 +18 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Corn Price Changes Following Grain Stocks Reports - United States: 1984-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : ------ dollars per bushel ------ cents per bushel : 2004 : March .........: 3.06 3.11 3.19 +5 +13 June ..........: 2.68 2.58 2.51 -10 -17 September .....: 1.70 1.68 1.75 -2 +5 December ......: 1.96 1.91 1.88 -5 -8 : 2005 : March .........: 2.07 2.04 1.97 -3 -10 June ..........: 2.04 2.01 2.21 -3 +17 September .....: 1.58 1.61 1.57 +3 -1 December ......: 1.98 1.97 1.97 -1 -1 : 2006 : March .........: 2.13 2.14 2.23 +1 +10 June ..........: 2.09 2.11 2.18 +2 +9 September .....: 2.36 2.26 2.33 -10 -3 December ......: 3.54 3.67 3.86 +13 +32 : 2007 : March .........: 3.65 3.48 3.42 -17 -23 June ..........: 3.25 3.11 3.18 -14 -7 September .....: 3.46 3.30 2.93 -16 -53 December ......: 4.37 4.49 4.68 +12 +31 : 2008 : March .........: 5.14 5.23 5.61 +9 +47 June ..........: 6.97 6.63 6.46 -34 -51 September .....: 4.56 4.29 3.65 -27 -91 December ......: 3.77 3.49 3.56 -28 -21 : 2009 : March .........: 3.73 3.91 3.95 +18 +22 June ..........: 3.78 3.51 3.41 -27 -37 September .....: 3.27 3.25 3.39 -2 +12 December ......: 3.78 3.48 3.26 -30 -52 : 2010 : March .........: 3.34 3.35 3.37 +1 +3 June ..........: 3.19 3.43 3.52 +24 +33 September .....: 4.70 4.58 4.50 -12 -20 December ......: 5.86 6.10 6.37 +24 +51 : 2011 : March .........: 6.32 6.77 7.45 +45 +113 June ..........: 6.87 6.43 6.38 -44 -49 September .....: 6.10 5.70 5.89 -40 -21 December ......: 6.36 5.96 5.81 -40 -55 : 2012 : March .........: 5.97 6.40 6.58 +43 +61 June ..........: 6.61 6.79 7.62 +18 +101 September .....: 6.84 7.20 7.31 +36 +47 December ......: 7.01 7.05 7.22 +4 +21 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Corn Price Changes Following Grain Stocks Reports - United States: 1984-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : -------- dollars per bushel ------- cents per bushel : 2013 : March .........: 7.49 7.09 6.53 -40 -96 June ..........: 7.00 6.96 6.67 -4 -33 September .....: (NA) (NA) (NA) (NA) (NA) December ......: 4.11 4.31 4.26 +20 +15 : 2014 : March .........: 4.90 5.00 4.97 +10 +7 June ..........: 4.45 4.25 4.15 -20 -30 September .....: 2.83 2.77 2.89 -6 +6 December ......: 3.76 3.80 3.69 +4 -7 ------------------------------------------------------------------------------------- (NA) Not available. 1/ Closing cash price for Southern Iowa #2 yellow corn as reported by AMS Grain Market News. 2/ The price change is indicated by the difference between the prior closing price and the price for the day or week after each report. Soybean Price Changes Following Crop Production Reports - United States: 1985-2014 ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : -------- dollars per bushel ------- cents per bushel : 1985 : August ........: (NA) (NA) (NA) -4 -10 September .....: (NA) (NA) (NA) +5 +2 October .......: (NA) (NA) (NA) -3 +1 November ......: (NA) (NA) (NA) -5 -30 Annual ........: (NA) (NA) (NA) -1 -3 : 1986 : August ........: (NA) (NA) (NA) +3 0 September .....: (NA) (NA) (NA) +3 -14 October .......: (NA) (NA) (NA) +2 +1 November ......: (NA) (NA) (NA) -1 -4 Annual ........: (NA) (NA) (NA) +1 +1 : 1987 : August ........: (NA) (NA) (NA) +2 +3 September .....: (NA) (NA) (NA) +3 +5 October .......: (NA) (NA) (NA) -4 -3 November ......: (NA) (NA) (NA) +2 +12 Annual ........: (NA) (NA) (NA) +11 +6 : 1988 : August ........: (NA) (NA) (NA) -10 +33 September .....: (NA) (NA) (NA) +3 +5 October .......: (NA) (NA) (NA) -4 -3 November ......: (NA) (NA) (NA) -26 -51 Annual ........: (NA) (NA) (NA) -36 -63 : 1989 : August ........: 6.10 6.20 6.14 +10 +4 September .....: 6.00 5.70 5.69 -30 -31 October .......: 5.42 5.34 5.56 -8 +14 November ......: 5.62 5.52 5.84 -10 +22 Annual ........: 5.66 5.62 5.54 -4 -12 : 1990 : August ........: 6.13 6.23 6.26 +10 +13 September .....: 6.33 6.25 6.09 -8 -24 October .......: 6.15 6.12 6.00 -3 -15 November ......: 5.84 5.74 5.68 -10 -16 Annual ........: 5.55 5.57 5.76 +2 +21 : 1991 : August ........: 5.62 5.55 5.35 -7 -27 September .....: 5.88 5.88 5.92 0 +4 October .......: 5.68 5.46 5.36 -22 -32 November ......: 5.54 5.62 5.66 +8 +12 Annual ........: 5.58 5.51 5.60 -7 +2 : 1992 : August ........: 5.47 5.57 5.54 +10 +7 September .....: 5.57 5.51 5.42 -6 -15 October .......: 5.22 5.27 5.15 +5 -7 November ......: 5.40 5.51 5.55 +11 +15 Annual ........: 5.68 5.70 5.68 +2 0 : 1993 : August ........: 6.73 6.44 6.46 -29 -27 September .....: 6.38 6.20 6.24 -18 -14 October .......: 6.00 5.98 5.96 -2 -4 November ......: 6.28 6.57 6.76 +29 +48 Annual ........: 6.98 7.22 7.08 +24 +10 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Soybeans Price Changes Following Crop Production Reports - United States: 1985-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- : Prior : Day after : Week after : Day after : Week after Date : closing : report : report : report : report ------------------------------------------------------------------------------------- : ------ dollars per bushel ------ cents per bushel : 1994 : August ........: 5.70 5.71 5.69 +1 -1 September .....: 5.65 5.68 5.36 +3 -29 October .......: 5.08 5.16 5.20 +8 +12 November ......: 5.51 5.56 5.63 +5 +12 Annual ........: 5.59 5.56 5.51 -3 -8 : 1995 : August ........: 5.83 5.74 5.84 -9 +1 September .....: 6.11 6.12 6.36 +1 +25 October .......: 6.32 6.39 6.27 +7 -5 November ......: 6.76 6.70 6.66 -6 -10 Annual ........: 7.41 7.31 7.39 -10 -2 : 1996 : August ........: 7.95 8.16 8.10 +21 +15 September .....: 8.19 8.17 7.99 -2 -20 October .......: 7.27 6.94 6.81 -33 -46 November ......: 6.88 6.94 7.05 +6 +17 Annual ........: 6.94 7.20 7.39 +26 +45 : 1997 : August ........: 7.15 7.35 7.34 +20 +19 September .....: 6.96 6.89 6.61 -7 -35 October .......: 6.67 6.88 6.89 +21 +22 November ......: 7.34 7.20 7.23 -14 -11 Annual ........: 6.54 6.63 6.67 +9 +13 : 1998 : August ........: 5.58 5.53 5.59 -5 +1 September .....: 5.19 5.19 5.13 0 -6 October .......: 5.19 5.40 5.28 +21 +9 November ......: 5.60 5.74 5.66 +14 +6 Annual ........: 5.34 5.24 5.15 -10 -19 : 1999 : August ........: 4.63 4.30 4.48 -33 -15 September .....: 4.85 4.95 4.66 +10 -19 October .......: 4.54 4.54 4.63 0 +9 November ......: 4.70 4.56 4.64 -14 -6 Annual ........: 4.60 4.62 4.85 +2 +25 : 2000 : August ........: 4.49 4.54 4.58 +5 +9 September .....: 4.86 4.84 4.49 -2 -37 October .......: 4.59 4.56 4.53 -3 -6 November ......: 4.65 4.60 4.71 -5 +6 Annual ........: 4.79 4.66 4.55 -13 -24 : 2001 : August ........: 5.13 5.19 5.01 +6 -12 September .....: 4.76 4.68 4.73 -8 -3 October .......: 4.43 4.27 4.26 -16 -17 November ......: 4.34 4.38 4.43 +4 +9 Annual ........: 4.20 4.30 4.39 +10 +19 : 2002 : August ........: 5.56 5.79 5.92 +23 +36 September .....: 5.89 5.78 5.72 -11 -17 October .......: 5.14 5.18 5.41 +4 +27 November ......: 5.63 5.57 5.64 -6 +1 Annual ........: 5.66 5.42 5.38 -24 -28 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Soybeans Price Changes Following Crop Production Reports - United States: 1985-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- : Prior : Day after : Week after : Day after : Week after Date : closing : report : report : report : report ------------------------------------------------------------------------------------- : ------- dollars per bushel ------ cents per bushel : 2003 : August ........: 5.48 5.61 5.87 +13 +39 September .....: 6.01 6.13 6.07 +12 +6 October .......: 6.68 6.99 7.16 +31 +48 November ......: 7.67 7.61 7.74 -6 +7 Annual ........: 7.80 8.09 8.17 +29 +37 : 2004 : August ........: 5.55 5.92 5.97 +37 +42 September .....: 5.69 5.54 5.36 -15 -33 October .......: 5.16 4.93 5.03 -23 -13 November ......: 5.12 5.20 5.58 +8 +46 Annual ........: 5.37 5.26 5.07 -11 -30 : 2005 : August ........: 6.25 6.25 5.91 0 -34 September .....: 5.43 5.40 5.33 -3 -10 October .......: 4.97 5.12 5.14 +15 +17 November ......: 5.73 5.75 5.66 +2 -7 Annual ........: 5.55 5.42 5.44 -13 -11 : 2006 : August ........: 5.22 5.16 5.19 -6 -3 September .....: 5.10 5.04 5.24 -6 +14 October .......: 5.21 5.39 5.71 +18 +50 November ......: 6.45 6.40 6.30 -5 -15 Annual ........: 6.37 6.76 6.75 +39 +38 : 2007 : August ........: 7.96 7.87 7.39 -9 -57 September .....: 8.30 8.48 8.88 +18 +58 October .......: 9.14 9.01 9.33 -13 +19 November ......: 9.99 10.12 10.35 +13 +36 Annual ........: 11.88 12.15 11.96 +27 +8 : 2008 : August ........: 11.76 11.91 12.54 +15 +78 September .....: 11.33 11.50 10.67 +17 -66 October .......: 9.27 8.64 8.22 -63 -105 November ......: 8.78 9.05 8.68 +27 -10 Annual ........: 9.94 9.24 9.50 -70 -44 : 2009 : August ........: 11.87 11.93 10.07 +6 -180 September .....: 9.42 9.18 9.59 -24 +17 October .......: 9.46 9.66 9.85 +20 +39 November ......: 9.23 9.14 9.80 -9 +57 Annual ........: 9.72 9.43 9.08 -29 -64 : 2010 : August ........: 10.23 10.32 10.41 +9 +18 September .....: 10.18 10.02 10.04 -16 -14 October .......: 10.28 10.84 11.41 +56 +113 November ......: 12.30 12.92 12.74 +62 +44 Annual ........: 13.29 13.85 13.81 +56 +52 : 2011 : August ........: 12.90 13.18 13.50 +28 +60 September .....: 13.65 13.31 12.85 -34 -80 October .......: 12.02 12.10 12.36 +8 +34 November ......: 11.67 11.53 11.78 -14 +11 Annual ........: 11.77 11.58 11.62 -19 -15 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Soybeans Price Changes Following Crop Production Reports - United States: 1985-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- : Prior : Day after : Week after : Day after : Week after Date : closing : report : report : report : report ------------------------------------------------------------------------------------- : -------- dollars per bushel ------- cents per bushel : 2012 : August ........: 16.62 16.74 16.63 +12 +1 September .....: 16.78 17.22 16.13 +44 -65 October .......: 15.11 15.37 14.97 +26 -14 November ......: 14.82 13.97 13.97 -85 -85 Annual ........: 13.80 13.71 14.29 -9 +49 : 2013 : August ........: 12.97 13.40 13.52 +43 +55 September .....: 13.93 14.20 13.43 +27 -50 October .......: (NA) (NA) (NA) (NA) (NA) November ......: 12.78 13.06 13.18 +28 +40 Annual ........: 12.67 12.72 13.11 +5 +44 : 2014 : August ........: 11.98 11.87 11.95 -11 -3 September .....: 10.48 10.27 10.02 -21 -46 October .......: 9.24 8.99 9.45 -25 +21 November ......: 10.28 10.08 9.91 -20 -37 Annual ........: 10.32 9.97 9.76 -35 -56 ------------------------------------------------------------------------------------- (NA) Not available. 1/ Average prices paid at Southern Iowa points by processors as reported by AMS Grain Market News. 2/ The price is indicated by the difference between the prior closing price and the price for the day or week after each report. Soybean Price Changes Following Grain Stocks Reports - United States: 1984-2014 ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : -------- dollars per bushel ------- cents per bushel : 1984 : January .......: (NA) (NA) (NA) +19 +7 April .........: (NA) (NA) (NA) +11 -17 June ..........: (NA) (NA) (NA) -30 -87 September .....: (NA) (NA) (NA) +6 +15 : 1985 : January .......: (NA) (NA) (NA) -10 -11 April .........: (NA) (NA) (NA) -6 -17 June ..........: (NA) (NA) (NA) -2 -9 September .....: (NA) (NA) (NA) -4 +1 : 1986 : January .......: (NA) (NA) (NA) -1 -3 April .........: (NA) (NA) (NA) +15 -3 June ..........: (NA) (NA) (NA) -8 -7 September .....: (NA) (NA) (NA) +2 -18 December ......: +1 +1 : 1987 : March .........: (NA) (NA) (NA) +3 +7 June ..........: (NA) (NA) (NA) -1 +14 September .....: (NA) (NA) (NA) +13 +3 December ......: (NA) (NA) (NA) +11 +6 : 1988 : March .........: (NA) (NA) (NA) +17 +18 June ..........: (NA) (NA) (NA) +5 -35 September .....: (NA) (NA) (NA) +4 -22 December ......: (NA) (NA) (NA) -36 -63 : 1989 : March .........: (NA) (NA) (NA) -18 -23 June ..........: (NA) (NA) (NA) +11 +20 September .....: 5.58 5.58 5.63 0 +5 December ......: 5.66 5.62 5.54 -4 -12 : 1990 : March .........: 5.84 5.73 5.82 -11 -2 June ..........: 6.07 6.22 6.26 +15 +19 September .....: 6.06 6.04 6.07 -2 +1 December ......: 5.55 5.57 5.76 +2 +21 : 1991 : March .........: 5.80 6.01 5.91 +21 +11 June ..........: 5.60 5.41 5.43 -19 -17 September .....: 5.68 5.71 5.71 +3 +3 December ......: 5.58 5.51 5.60 -7 +2 : 1992 : March .........: 5.88 5.77 5.76 -11 -12 June ..........: 6.08 6.04 5.83 -4 -25 September .....: 5.33 5.26 5.23 -7 -10 December ......: 5.68 5.70 5.68 +2 0 : 1993 : March .........: 5.84 5.88 5.93 +4 +9 June ..........: 6.50 6.56 7.02 +6 +52 September .....: 6.08 5.98 5.93 -10 -15 December ......: 6.98 7.22 7.08 +24 +10 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Soybean Price Changes Following Grain Stocks Reports - United States: 1984-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : ------ dollars per bushel ------ cents per bushel : 1994 : March .........: 6.83 6.54 6.58 -29 -25 June ..........: 6.56 6.55 6.13 -1 -43 September .....: 5.27 5.24 5.14 -3 -13 December ......: 5.59 5.56 5.51 -3 -8 : 1995 : March .........: 5.68 5.69 5.77 +1 +9 June ..........: 5.79 5.70 6.09 -9 +30 September .....: 6.27 6.28 6.17 +1 -10 December ......: 7.41 7.31 7.39 -10 -2 : 1996 : March .........: 7.35 7.46 7.57 +11 +22 June ..........: 7.55 7.73 7.75 +18 +20 September .....: 7.86 7.51 7.19 -35 -67 December ......: 6.94 7.20 7.39 +26 +45 : 1997 : March .........: 8.47 8.46 8.31 -1 -16 June ..........: 7.99 7.62 7.20 -37 -79 September .....: 6.26 6.20 6.38 -6 +12 December ......: 6.54 6.63 6.67 +9 +13 : 1998 : March .........: 6.48 6.44 6.36 -4 -12 June ..........: 6.12 6.30 6.29 +18 +17 September .....: 5.10 4.93 5.00 -17 -10 December ......: 5.34 5.24 5.15 -10 -19 : 1999 : March .........: 4.83 4.68 4.64 -15 -19 June ..........: 4.38 4.41 4.02 +3 -36 September .....: 4.66 4.61 4.56 -5 -10 December ......: 4.60 4.62 4.85 +2 +25 : 2000 : March .........: 5.19 5.23 5.14 +4 -5 June ..........: 4.89 4.81 4.71 -8 -18 September .....: 4.68 4.58 4.66 -10 -2 December ......: 4.79 4.66 4.55 -13 -24 : 2001 : March .........: 4.28 4.19 4.32 -9 +4 June ..........: 4.60 4.80 4.90 +20 +30 September .....: 4.44 4.32 4.39 -12 -5 December ......: 4.20 4.30 4.39 +10 +19 : 2002 : March .........: 4.69 4.71 4.56 +2 -13 June ..........: 5.24 5.37 5.67 +13 +43 September .....: 5.64 5.40 5.32 -24 -32 December ......: 5.66 5.42 5.38 -24 -28 : 2003 : March .........: 5.80 5.74 5.91 -6 +11 June ..........: 6.30 6.21 6.19 -9 -11 September .....: 6.69 6.62 6.66 -7 -3 December ......: 7.80 8.09 8.17 +29 +37 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Soybean Price Changes Following Grain Stocks Reports - United States: 1984-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : ------- dollars per bushel ------ cents per bushel : 2004 : March .........: 10.18 9.96 10.08 -22 -10 June ..........: 9.01 8.95 9.42 -6 +41 September .....: 5.06 4.98 4.98 -8 -8 December ......: 5.37 5.26 5.07 -11 -30 : 2005 : March .........: 6.28 6.12 6.03 -16 -25 June ..........: 6.53 6.34 6.80 -19 +27 September .....: 5.15 5.15 5.06 0 -9 December ......: 5.55 5.42 5.44 -13 -11 : 2006 : March .........: 5.63 5.43 5.39 -20 -24 June ..........: 5.52 5.60 5.75 +8 +23 September .....: 5.19 5.04 5.21 -15 +2 December ......: 6.37 6.76 6.75 +39 +38 : 2007 : March .........: 7.37 7.21 7.20 -16 -17 June ..........: 7.56 7.92 7.92 +36 +36 September .....: 9.40 9.19 8.75 -21 -65 December ......: 11.88 12.15 11.96 +27 +8 : 2008 : March .........: 11.80 11.02 12.24 -78 +44 June ..........: 15.37 15.50 15.27 +13 -10 September .....: 10.38 9.76 8.61 -62 -177 December ......: 9.94 9.24 9.50 -70 -44 : 2009 : March .........: 9.02 9.49 9.90 +47 +88 June ..........: 12.23 12.25 12.02 +2 -21 September .....: 9.22 9.27 9.21 +5 -1 December ......: 9.72 9.43 9.08 -29 -64 : 2010 : March .........: 9.55 9.22 9.24 -33 -31 June ..........: 9.48 9.46 9.55 -2 +7 September .....: 10.68 10.71 10.23 +3 -45 December ......: 13.29 13.85 13.81 +56 +52 : 2011 : March .........: 13.36 13.73 13.49 +37 +13 June ..........: 13.26 12.99 13.24 -27 -2 September .....: 11.68 11.21 11.15 -47 -53 December ......: 11.77 11.58 11.62 -19 -15 : 2012 : March .........: 13.51 13.98 14.30 +47 +79 June ..........: 14.77 15.21 16.29 +44 +152 September .....: 15.37 15.64 15.27 +27 -10 December ......: 13.80 13.71 14.29 -9 +49 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Soybean Price Changes Following Grain Stocks Reports - United States: 1984-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : -------- dollars per bushel ------- cents per bushel : 2013 ....... : March .........: 14.69 14.25 14.05 -44 -64 June ..........: 15.27 15.82 15.89 +55 +62 September .....: (NA) (NA) (NA) (NA) (NA) December ......: 12.67 12.72 13.11 +5 +44 : 2014 : March .........: 14.31 14.60 14.66 +29 +35 June ..........: 14.38 14.04 13.65 -34 -73 September .....: 8.78 8.56 9.05 -22 +27 December ......: 10.32 9.97 9.76 -35 -56 ------------------------------------------------------------------------------------- (NA) Not available. 1/ Average prices paid at Southern Iowa points by processors, except for March 2010 which used average prices paid at Northern Iowa points by processors, as reported by AMS Grain Market News. 2/ The price change is indicated by the difference between the prior closing price and the price for the day or week after each report. Wheat Price Changes Following Crop Production Reports - United States: 1987-2014 ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : -------- dollars per bushel ------- cents per bushel : 1987 : May ...........: (NA) (NA) (NA) -2 -36 June ..........: (NA) (NA) (NA) +4 +6 July ..........: (NA) (NA) (NA) -1 -8 August ........: 2.59 2.66 2.69 +7 +10 September .....: 2.84 2.83 2.81 -1 -3 October .......: 2.84 2.82 2.90 -2 +6 Annual ........: 3.22 3.22 3.18 0 -4 : 1988 : May ...........: 3.05 3.09 3.21 +4 +16 June ..........: 3.59 3.74 3.83 +15 +24 July ..........: 3.78 3.94 3.81 +16 +3 August ........: 3.77 3.72 3.81 -5 +4 September .....: 4.03 4.09 3.95 +6 -8 October .......: 4.25 4.22 4.15 -3 -10 Annual ........: 4.38 4.29 4.45 -9 +7 : 1989 : May ...........: 4.61 4.61 4.55 0 -6 June ..........: 4.40 4.47 4.41 +7 +1 July ..........: 4.25 4.27 4.27 +2 +2 August ........: 4.21 4.25 4.28 +4 +7 September .....: 4.21 4.14 4.09 -7 -12 October .......: 4.22 4.20 4.33 -2 +11 Annual ........: 4.34 4.32 4.33 -2 -1 : 1990 : May ...........: 3.89 3.78 3.76 -11 -13 June ..........: 3.81 3.77 3.43 -4 -38 July ..........: 3.08 3.11 3.05 +3 -3 August ........: 2.98 2.93 2.92 -5 -6 September .....: 2.86 2.82 2.78 -4 -8 October .......: 2.80 2.77 2.74 -3 -6 Annual ........: 2.69 2.65 2.69 -4 0 : 1991 : May ...........: 3.00 3.04 3.02 +4 +2 June ..........: 3.00 3.03 2.97 +3 -3 July ..........: 2.80 2.86 2.85 +6 +5 August ........: 3.07 3.10 2.94 +3 -13 September .....: 3.29 3.30 3.36 +1 +7 October .......: 3.50 3.56 3.60 +6 +10 Annual ........: 4.23 4.26 4.38 +3 +15 : 1992 : May ...........: 3.93 3.92 3.84 -1 -9 June ..........: 4.22 4.12 3.74 -10 -48 July ..........: 3.49 3.48 3.52 -1 +3 August ........: 3.16 3.19 3.21 +3 +5 September .....: 3.51 3.45 3.57 -6 +6 October .......: 3.53 3.49 3.62 -4 +9 Annual ........: 3.84 3.91 4.09 +7 +25 : 1993 : May ...........: 3.48 3.65 3.52 +17 +4 June ..........: 3.48 3.48 3.16 0 -32 July ..........: 3.12 3.07 3.23 -5 +11 August ........: 3.20 3.14 3.24 -6 +4 September .....: 3.22 3.19 3.25 -3 +3 October .......: 3.34 3.34 3.38 0 +4 Annual ........: 3.92 3.94 3.77 +2 -15 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Wheat Price Changes Following Crop Production Reports - United States: 1987-2014 (continued) ---------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ---------------------------------------------------------------------------------- : ------ dollars per bushel ------ cents per bushel : 1994 : May ........: 3.61 3.58 3.54 -3 -7 June .......: 3.68 3.66 3.69 -2 +1 July .......: 3.38 3.43 3.46 +5 +8 August .....: 3.55 3.58 3.70 +3 +15 Annual .....: 4.00 3.98 4.16 -2 +16 : 1995 : May ........: 4.07 4.10 4.07 +3 0 June .......: 4.36 4.31 4.42 -5 +6 July .......: 4.59 4.65 4.88 +6 +29 August .....: 4.61 4.70 4.54 +9 -7 Annual .....: 4.98 5.05 5.01 +7 +3 : 1996 : May ........: 7.23 7.44 7.03 +21 -20 June .......: 6.27 6.16 6.03 -11 -24 July .......: 5.64 5.56 5.33 -8 -31 August .....: 5.02 5.13 4.92 +11 -10 Annual .....: 4.77 4.75 4.67 -2 -10 : 1997 : May ........: 4.56 4.48 4.64 -8 +8 June .......: 4.28 4.17 3.92 -11 -36 July .......: 3.34 3.36 3.43 +2 +9 August .....: 3.76 3.74 3.69 -2 -7 Annual .....: 3.63 3.59 3.61 -4 -2 : 1998 : May ........: 3.21 3.23 3.25 +2 +4 June .......: 2.98 3.00 3.06 +2 +8 July .......: 2.95 2.93 2.88 -2 -7 August .....: 2.72 2.68 2.66 -4 -6 Annual .....: 2.88 2.83 2.94 -5 +6 : 1999 : May ........: 2.76 2.84 2.78 +8 +2 June .......: 2.85 2.79 2.69 -6 -16 July .......: 2.40 2.39 2.38 -1 -2 August .....: 2.65 2.57 2.67 -8 +2 Annual .....: 2.81 2.71 2.62 -10 -19 : 2000 : May ........: 2.78 2.80 2.69 +2 -9 June .......: 2.74 2.76 2.73 +2 -1 July .......: 2.94 2.93 2.79 -1 -15 August .....: 2.64 2.65 2.72 +1 +8 Annual .....: 3.18 3.27 3.27 +9 +9 : 2001 : May ........: 3.34 3.42 3.50 +8 +16 June .......: 3.27 3.29 3.24 +2 -3 July .......: 3.01 3.03 3.16 +2 +15 August .....: 3.03 3.03 3.03 0 0 Annual .....: 3.12 3.10 3.04 -2 -8 : 2002 : May ........: 3.10 3.08 3.11 -2 +1 June .......: 3.40 3.48 3.54 +8 +14 July .......: 3.83 3.83 3.93 0 +10 August .....: 4.15 4.23 4.22 +8 +7 Annual .....: 5.08 5.12 5.05 +4 -3 ---------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Wheat Price Changes Following Crop Production Reports - United States: 1987-2014 (continued) ---------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ---------------------------------------------------------------------------------- : ------ dollars per bushel ------ cents per bushel : 2003 : May ........: 3.81 3.91 3.95 +10 +14 June .......: 3.89 3.84 3.36 -5 -53 July .......: 2.99 3.02 3.16 +3 +17 August .....: 3.62 3.70 3.97 +8 +35 Annual .....: 3.66 3.70 3.57 +4 -9 : 2004 : May ........: 4.14 4.08 4.03 -6 -11 June .......: 4.01 3.94 3.92 -7 -9 July .......: 3.84 3.89 3.95 +5 +11 August .....: 3.53 3.47 3.48 -6 -5 Annual .....: 3.90 3.79 3.73 -11 -17 : 2005 : May ........: 3.57 3.54 3.60 -3 +3 June .......: 3.62 3.62 3.71 0 +9 July .......: 3.73 3.71 3.88 -2 +15 August .....: 3.81 3.84 3.90 +3 +9 Annual .....: 4.38 4.48 4.50 +10 +12 : 2006 : May ........: 4.96 5.05 5.30 +9 +34 June .......: 5.08 5.03 4.88 -5 -20 July .......: 5.42 5.34 5.05 -8 -37 August .....: 4.85 4.76 4.72 -9 -13 Annual .....: 5.21 5.21 5.30 0 +9 : 2007 : May ........: 5.37 5.42 5.44 +5 +7 June .......: 5.80 6.10 6.51 +30 +71 July .......: 6.07 6.11 6.01 +4 -6 August .....: 6.55 6.50 6.48 -5 -7 Annual .....: 9.00 9.07 8.88 +7 -12 : 2008 : May ........: 9.13 8.96 8.72 -17 -41 June .......: 8.46 8.67 9.26 +21 +80 July .......: 8.54 8.70 8.39 +16 -15 August .....: 8.08 8.10 8.73 +2 +65 Annual .....: 6.70 6.77 5.93 +7 -77 : 2009 : May ........: 6.30 6.34 6.40 +4 +10 June .......: 6.73 6.55 6.30 -18 -43 July .......: 5.28 5.24 5.37 -4 +9 August .....: 4.90 4.94 4.74 +4 -16 Annual .....: 4.24 4.37 4.41 +13 +17 : 2010 : May ........: 4.53 4.55 4.40 +2 -13 June .......: 3.98 4.03 4.30 +5 +32 July .......: 5.02 4.93 5.21 -9 +19 August .....: 6.40 6.60 6.40 +20 0 Annual .....: 6.37 6.28 6.48 -9 +11 : 2011 : May ........: 9.26 8.97 8.88 -29 -38 June .......: 8.85 8.71 8.19 -14 -66 July .......: 7.41 7.63 7.91 +22 +50 August .....: 7.92 8.23 8.42 +31 +50 Annual .....: 7.57 7.21 7.15 -36 -42 ---------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Wheat Price Changes Following Crop Production Reports - United States: 1987-2014 (continued) ---------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ---------------------------------------------------------------------------------- : -------- dollars per bushel ------- cents per bushel : 2012 : May ........: 6.64 6.63 7.02 -1 +38 June .......: 7.10 7.04 7.19 -6 +9 July .......: 8.26 8.35 8.97 +9 +71 August .....: 9.40 9.18 9.08 -22 -32 Annual .....: 9.03 9.53 9.12 +50 +9 : 2013 : May ........: 8.50 8.30 8.15 -20 -35 June .......: 8.05 7.92 7.94 -13 -11 July .......: 7.84 7.84 7.78 0 -6 August .....: 7.67 7.70 7.83 +3 +16 Annual .....: (NA) (NA) (NA) (NA) (NA) : 2014 : May ........: 9.48 9.33 8.84 -15 -64 June .......: 8.11 7.94 8.23 -17 +12 July .......: 7.57 7.46 7.59 -11 +2 August .....: 7.14 7.03 7.08 -11 -6 Annual .....: 6.87 6.78 7.11 -9 +24 ---------------------------------------------------------------------------------- (NA) Not available. 1/ Closing cash price for Kansas City #1 hard winter wheat (ordinary protein) reported by AMS Grain Market News. 2/ The price change is indicated by the difference between the prior closing price and the price for the day or week after each report. Wheat Price Changes Following Grain Stocks Reports - United States: 1984-2014 ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : -------- dollars per bushel ------- cents per bushel : 1984 : January .......: (NA) (NA) (NA) 0 -4 April .........: (NA) (NA) (NA) -3 -8 June ..........: (NA) (NA) (NA) -2 -8 October .......: (NA) (NA) (NA) +2 -2 : 1985 : January .......: (NA) (NA) (NA) +1 -6 April .........: (NA) (NA) (NA) 0 -8 June ..........: (NA) (NA) (NA) 0 -5 October .......: (NA) (NA) (NA) -1 0 : 1986 : January .......: (NA) (NA) (NA) +3 +9 April .........: (NA) (NA) (NA) +13 -18 June ..........: (NA) (NA) (NA) -2 -7 September .....: (NA) (NA) (NA) 0 -6 December ......: (NA) (NA) (NA) +1 +3 : 1987 : March .........: (NA) (NA) (NA) -2 +3 June ..........: (NA) (NA) (NA) +1 +8 September .....: 2.73 2.79 2.78 +6 +5 December ......: 3.22 3.22 3.18 0 -4 : 1988 : March .........: 3.08 3.06 3.13 -2 +5 June ..........: 3.85 3.97 3.82 +12 -3 September .....: 4.04 4.09 4.22 +5 +18 December ......: 4.38 4.29 4.45 -9 +7 : 1989 : March .........: 4.41 4.40 4.30 -1 -11 June ..........: 4.36 4.31 4.37 -5 +1 September .....: 4.15 4.21 4.24 +6 +9 December ......: 4.34 4.32 4.33 -2 -1 : 1990 : March .........: 4.03 4.05 4.08 +2 +5 June ..........: 3.32 3.26 3.24 -6 -8 September .....: 2.83 2.86 2.85 +3 +2 December ......: 2.69 2.65 2.69 -4 0 : 1991 : March .........: 2.97 3.03 2.97 +6 0 June ..........: 2.88 2.91 2.82 +3 -6 September .....: 3.39 3.45 3.52 +6 +13 December ......: 4.23 4.26 4.38 +3 +15 : 1992 : March .........: 4.32 4.19 4.12 -13 -20 June ..........: 3.69 3.65 3.56 -4 -13 September .....: 3.67 3.68 3.57 +1 -10 December ......: 3.84 3.91 4.09 +7 +25 : 1993 : March .........: 3.74 3.75 3.65 +1 -9 June ..........: 2.97 3.03 3.18 +6 +21 September .....: 3.26 3.24 3.31 -2 +5 December ......: 3.92 3.94 3.77 +2 -15 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Wheat Price Changes Following Grain Stocks Reports - United States: 1984-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : ------ dollars per bushel ------ cents per bushel : 1994 : March .........: 3.45 3.48 3.56 +3 +11 June ..........: 3.39 3.40 3.35 +1 -4 September .....: 4.00 3.98 4.16 -2 +16 December ......: 4.03 4.02 3.97 -1 -6 : 1995 : March .........: 3.78 3.75 3.73 -3 -5 June ..........: 5.11 5.08 4.82 -3 -29 September .....: 4.98 5.05 5.01 +7 +3 December ......: 5.25 5.19 5.13 -6 -12 : 1996 : March .........: 5.59 5.68 5.88 +9 +29 June ..........: 5.72 5.63 5.46 -9 -26 September .....: 4.77 4.75 4.67 -2 -10 December ......: 4.51 4.52 4.57 +1 +6 : 1997 : March .........: 4.59 4.53 4.32 -6 -27 June ..........: 3.48 3.39 3.34 -9 -14 September .....: 3.63 3.59 3.61 -4 -2 December ......: 3.42 3.53 3.54 +11 +12 : 1998 : March .........: 3.42 3.38 3.26 -4 -16 June ..........: 2.97 3.03 2.97 +6 0 September .....: 2.88 2.83 2.94 -5 +6 December ......: 3.20 3.16 3.05 -4 -15 : 1999 : March .........: 3.09 2.97 2.97 -12 -12 June ..........: 2.67 2.63 2.46 -4 -21 September .....: 2.81 2.71 2.62 -10 -19 December ......: 2.64 2.66 2.70 +2 +6 : 2000 : March .........: 2.64 2.71 2.65 +7 +1 June ..........: 2.98 2.89 2.78 -9 -20 September .....: 3.18 3.27 3.27 +9 +9 December ......: 3.50 3.52 3.43 +2 -7 : 2001 : March .........: 3.25 3.18 3.25 -7 0 June ..........: 3.03 3.06 3.06 +3 +3 September .....: 3.12 3.10 3.04 -2 -8 December ......: 3.20 3.23 3.26 +3 +6 : 2002 : March .........: 3.22 3.19 3.29 -3 +7 June ..........: 3.63 3.59 3.74 -4 +11 September .....: 5.08 5.12 5.05 +4 -3 December ......: 4.15 3.96 3.93 -19 -22 : 2003 : March .........: 3.68 3.78 3.78 +10 +10 June ..........: 3.12 3.06 2.98 -6 -14 September .....: 3.66 3.70 3.57 +4 -9 December ......: 4.20 4.38 4.30 +18 +10 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Wheat Price Changes Following Grain Stocks Reports - United States: 1984-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : ------- dollars per bushel ------ cents per bushel : 2004 : March .........: 4.46 4.40 4.44 -6 -2 June ..........: 3.81 3.79 3.83 -2 +2 September .....: 3.90 3.79 3.73 -11 -17 December ......: 4.05 4.07 4.02 +2 -3 : 2005 : March .........: 3.72 3.71 3.58 -1 -14 June ..........: 3.73 3.60 3.75 -13 +2 September .....: 4.38 4.48 4.50 +10 +12 December ......: 4.34 4.42 4.27 +8 -7 : 2006 : March .........: 4.46 4.54 4.63 +8 +17 June ..........: 5.28 5.29 5.36 +1 +8 September .....: 5.21 5.21 5.30 0 +9 December ......: 5.06 5.30 5.20 +24 +14 : 2007 : March .........: 5.22 5.07 5.19 -15 -3 June ..........: 6.17 6.05 6.09 -12 -8 September .....: 9.00 9.07 8.88 +7 -12 December ......: 8.99 9.29 10.00 +30 +101 : 2008 : March .........: 10.52 9.95 10.64 -57 +12 June ..........: 9.20 8.91 8.55 -29 -65 September .....: 6.70 6.77 5.93 +7 -77 December ......: 6.71 6.15 6.29 -56 -42 : 2009 : March .........: 5.72 5.90 6.20 +18 +48 June ..........: 5.80 5.55 5.27 -25 -53 September .....: 4.24 4.37 4.41 +13 +17 December ......: 5.35 5.03 4.75 -32 -60 : 2010 : March .........: 4.52 4.34 4.54 -18 +2 June ..........: 4.13 4.45 4.71 +32 +58 September .....: 6.37 6.28 6.48 -9 +11 December ......: 7.86 8.00 8.25 +14 +39 : 2011 : March .........: 8.14 8.60 8.92 +46 +78 June ..........: 7.85 7.28 7.68 -57 -17 September .....: 7.57 7.21 7.15 -36 -42 December ......: 7.62 7.33 7.18 -29 -44 : 2012 : March .........: 6.89 7.32 6.97 +43 +8 June ..........: 7.70 7.60 8.47 -10 +77 September .....: 9.03 9.53 9.12 +50 +9 December ......: 8.62 8.72 9.02 +10 +40 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Wheat Price Changes Following Grain Stocks Reports - United States: 1984-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : -------- dollars per bushel ------- cents per bushel : 2013 : March .........: 8.34 7.87 8.00 -47 -34 June ..........: 7.77 7.67 7.70 -10 -7 September .....: (NA) (NA) (NA) (NA) (NA) December ......: 7.44 7.31 7.35 -13 -9 : 2014 : March .........: 8.89 8.89 8.49 0 -40 June ..........: 8.37 8.15 8.07 -22 -30 September .....: 6.87 6.78 7.11 -9 +24 December ......: 6.86 6.76 6.69 -10 -17 ------------------------------------------------------------------------------------- (NA) Not available. 1/ Closing cash price for Kansas City #1 hard winter wheat (ordinary protein) reported by AMS Grain Market News. 2/ The price change is indicated by the difference between the prior closing price and the price for the day or week after each report. Upland Cotton Price Changes Following Crop Production Reports - United States: 1989-2014 ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : -------- cents per pound -------- points per pound : 1989 : August ........: 70.23 70.04 68.81 -19 -142 September .....: 67.41 68.84 69.44 +143 +203 October .......: 69.71 70.29 68.34 +58 -137 November ......: 70.78 68.15 68.21 -263 -257 December ......: 62.99 63.71 62.84 +72 -15 Annual ........: 62.18 62.21 62.43 +3 +25 : 1990 : August ........: 78.86 79.93 72.68 +107 -618 September .....: 70.79 70.44 71.39 -35 +60 October .......: 70.28 70.52 70.22 +24 -6 November ......: 69.55 69.12 69.64 -43 +9 December ......: 70.42 69.79 69.76 -63 -66 Annual ........: 69.80 69.68 70.84 -12 +104 : 1991 : August ........: 66.46 64.46 65.69 -200 -77 September .....: 62.48 62.21 61.35 -27 -113 October .......: 58.39 58.76 58.03 +37 -36 November ......: 54.41 53.76 55.14 -65 +73 December ......: 54.00 54.14 54.18 +14 +18 Annual ........: 52.36 50.91 51.29 -145 -107 : 1992 : August ........: 57.57 56.59 56.69 -98 -88 September .....: 54.07 55.09 56.29 +102 +222 October .......: 50.40 49.61 50.69 -79 +29 November ......: 49.55 49.11 50.22 -44 +67 December ......: 52.86 52.50 51.33 -36 -153 Annual ........: 53.91 54.02 54.46 +11 +55 : 1993 : August ........: 52.70 51.48 52.44 -122 -26 September .....: 53.25 54.69 53.96 +144 +71 October .......: 55.58 54.66 53.76 -92 -182 November ......: 53.61 54.55 55.74 +94 +213 December ......: 59.62 59.10 60.09 -52 +47 Annual ........: 65.18 64.91 66.89 -27 +171 : 1994 : August ........: 71.50 71.23 68.13 -27 -337 September .....: 73.46 73.23 71.06 -23 -240 October .......: 66.86 67.14 67.80 +28 +94 November ......: 71.06 70.25 72.50 -81 +144 December ......: 81.14 81.07 82.31 -7 +117 Annual ........: 87.19 88.56 88.84 +137 +165 : 1995 : August ........: 80.69 81.86 85.75 +117 +506 September .....: 87.61 89.04 92.99 +143 +538 October .......: 86.06 84.74 81.68 -132 -438 November ......: 83.33 82.52 85.75 -81 +242 December ......: 84.51 83.39 81.75 -112 -276 Annual ........: 81.21 80.66 79.64 -55 -157 : 1996 : August ........: 73.61 76.29 75.41 +268 +180 September .....: 73.96 76.07 74.32 +211 +36 October .......: 73.71 71.57 70.95 -214 -276 November ......: 68.87 68.00 70.48 -87 +161 December ......: 72.30 72.61 71.99 +31 -31 Annual ........: 70.15 69.69 70.54 -46 +39 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Upland Cotton Price Changes Following Crop Production Reports - United States: 1989-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : -------- cents per pound -------- points per pound : 1997 : August ........: 71.29 72.35 71.36 +106 +7 September .....: 70.43 71.40 71.17 +97 +74 October .......: 69.26 69.49 69.41 +23 +15 November ......: 70.05 69.93 68.58 -12 -147 December ......: 64.75 64.45 63.64 -30 -111 Annual ........: 63.64 62.74 62.48 -90 -116 : 1998 : August ........: 69.99 71.39 72.84 +140 +285 September .....: 71.39 71.79 71.47 +40 +8 October .......: 71.18 69.52 66.64 -166 -454 November ......: 67.89 67.39 64.14 -50 -375 December ......: 61.10 60.08 59.32 -102 -178 Annual ........: 56.21 56.06 56.24 -15 +3 : 1999 : August ........: 50.00 51.11 51.43 +111 +143 September .....: 48.28 49.05 48.04 +77 -24 October .......: 47.19 48.77 50.94 +158 +375 November ......: 48.17 47.84 47.34 -33 -83 December ......: 46.79 46.89 45.95 +10 -84 Annual ........: 50.47 51.02 51.72 +55 +125 : 2000 : August ........: 57.97 58.88 59.68 +91 +171 September .....: 61.82 60.45 60.24 -137 -158 October .......: 61.11 61.61 58.98 +50 -213 November ......: 62.86 61.97 61.76 -89 -110 December ......: 62.98 61.10 60.57 -188 -241 Annual ........: 56.09 56.49 57.19 +40 +110 : 2001 : August ........: 37.04 35.04 35.43 -200 -161 September .....: 33.71 33.00 32.66 -71 -105 October .......: 29.09 29.01 28.20 -8 -89 November ......: 29.50 29.99 31.87 +49 +237 December ......: 31.78 32.61 33.04 +83 +126 Annual ........: 32.68 32.35 33.33 -33 +65 : 2002 : August ........: 38.64 39.74 39.04 +110 +40 September .....: 38.08 36.88 38.00 -120 -8 October .......: 38.49 37.89 39.17 -60 +68 November ......: 44.91 44.16 45.51 -75 +60 December ......: 44.87 46.52 46.29 +165 +142 Annual ........: 48.11 48.46 48.91 +35 +80 : 2003 : August ........: 51.93 50.99 51.07 -94 -86 September .....: 56.14 59.00 60.14 +286 +400 October .......: 64.89 66.14 69.10 +125 +421 November ......: 71.18 68.47 68.56 -271 -262 December ......: 63.65 63.96 64.23 +31 +58 Annual ........: 68.23 68.29 68.80 +6 +57 : 2004 : August ........: 43.16 41.19 45.25 -197 +209 September .....: 49.36 48.07 45.44 -129 -392 October .......: 44.09 42.35 44.48 -174 +39 November ......: 42.16 42.81 43.40 +65 +124 December ......: 41.40 40.94 42.11 -46 +71 Annual ........: 43.29 43.60 43.40 +31 +11 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Upland Cotton Price Changes Following Crop Production Reports - United States: 1989-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : --------- cents per pound -------- points per pound : 2005 : August ........: 44.49 44.31 44.19 -18 -30 September .....: 47.39 47.07 45.81 -32 -158 October .......: 51.41 52.25 52.09 +84 +68 November ......: 48.22 47.89 48.61 -33 +39 December ......: 49.11 49.09 49.36 -2 +25 Annual ........: 51.52 51.60 51.19 +8 -33 : 2006 : August ........: 49.63 48.67 48.11 -96 -152 September .....: 46.00 46.74 47.84 +74 +184 October .......: 44.34 44.66 44.34 +32 0 November ......: 46.01 46.24 46.76 +23 +75 December ......: 48.02 49.14 50.11 +112 +209 Annual ........: 49.42 49.96 49.88 +54 +46 : 2007 : August ........: 55.21 54.21 50.34 -100 -487 September .....: 54.75 55.79 58.32 +104 +357 October .......: 58.56 58.69 60.04 +13 +148 November ......: 60.78 60.74 59.95 -4 -83 December ......: 58.64 58.27 59.64 -37 +100 Annual ........: 61.65 64.08 65.80 +243 +415 : 2008 : August ........: 60.76 61.16 58.94 +40 -182 September .....: 56.96 57.41 54.97 +45 -199 October .......: 48.03 46.24 46.12 -179 -191 November ......: 39.16 38.35 38.97 -81 -19 December ......: 40.60 41.44 42.86 +84 +226 Annual ........: 44.91 42.30 44.68 -261 -23 : 2009 : August ........: 56.89 56.74 52.08 -15 -481 September .....: 54.10 54.33 58.34 +23 +424 October .......: 58.46 58.01 61.92 -45 +346 November ......: 63.29 64.54 65.48 +125 +219 December ......: 67.80 67.30 69.43 -50 +163 Annual ........: 67.74 66.71 64.93 -103 -281 : 2010 : August ........: 81.01 83.39 84.01 +238 +300 September .....: 86.84 87.19 90.81 +35 +397 October .......: 99.07 106.66 110.87 +759 +1180 November ......: 142.84 147.84 134.12 +500 -872 December ......: 131.57 132.62 141.26 +105 +969 Annual ........: 140.87 141.05 138.56 +18 -231 : 2011 : August ........: 99.76 96.42 106.66 -334 +690 September .....: 107.36 107.66 105.84 +30 -152 October .......: 99.51 96.26 97.02 -325 -249 November ......: 94.80 94.38 99.26 -42 +446 December ......: 89.25 87.66 83.06 -159 -619 Annual ........: 90.26 89.06 90.66 -120 +40 ------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Upland Cotton Price Changes Following Crop Production Reports - United States: 1989-2014 (continued) ------------------------------------------------------------------------------------- : Price 1/ : Price change 2/ :--------------------------------------------------------------------- Date : Prior : Day after : Week after : Day after : Week after : closing : report : report : report : report ------------------------------------------------------------------------------------- : --------- cents per pound --------- points per pound : 2012 : August ........: 71.42 68.71 68.12 -271 -330 September .....: 70.24 68.84 70.84 -140 +60 October .......: 66.93 65.54 72.97 -139 +604 November ......: 65.11 63.41 69.54 -170 +443 December ......: 69.11 70.46 71.43 +135 +232 Annual ........: 70.86 71.01 73.13 +15 +227 : 2013 : August ........: 84.96 85.97 89.14 +101 +418 September .....: 81.36 82.41 82.06 +105 +70 October .......: (NA) (NA) (NA) (NA) (NA) November ......: 74.33 74.41 73.87 +8 -46 December ......: 77.15 77.53 80.09 +38 +294 Annual ........: 79.40 79.17 82.46 -23 +306 : 2014 : August ........: 64.63 63.06 63.14 -157 -149 September .....: 69.10 69.64 64.91 +54 -419 October .......: 63.85 63.96 63.26 +11 -59 November ......: 62.76 61.24 57.95 -152 -481 December ......: 58.56 58.34 58.77 -22 +21 Annual ........: 59.36 58.41 58.13 -95 -123 ------------------------------------------------------------------------------------- (NA) Not available. 1/ 7-Market average base quotations for Upland cotton as reported by AMS Market News (the Upland cotton base quality is color 41, leaf grade 4, staple 34). 2/ The price change is indicated by the difference between the prior closing price and the price for the day or week after each report. Information Contacts Listed below are the commodity statisticians in the Crops Branch of the National Agricultural Statistics Service to contact for additional information. E-mail inquiries may be sent to [email protected] Lance Honig, Chief, Crops Branch........................... (202) 720-2127 Anthony Prillaman, Head, Field Crops Section............... (202) 720-2127 Brent Chittenden - Oats, Rye, Wheat................... (202) 720-8068 Angie Considine - Cotton, Cotton Ginnings, Sorghum.... (202) 720-5944 Tony Dahlman - Crop Weather, Barley................... (202) 720-7621 Chris Hawthorn - Corn, Flaxseed, Proso Millet......... (202) 720-9526 James Johanson - County Estimates, Hay................ (202) 690-8533 Bianca Pruneda - Peanuts, Rice........................ (202) 720-7688 Travis Thorson - Soybeans, Sunflower, Other Oilseeds.. (202) 720-7369 Access to NASS Reports For your convenience, you may access NASS reports and products the following ways: All reports are available electronically, at no cost, on the NASS web site: http://www.nass.usda.gov Both national and state specific reports are available via a free e- mail subscription. To set-up this free subscription, visit http://www.nass.usda.gov and in the "Follow NASS" box under "Receive reports by Email," click on "National" or "State" to select the reports you would like to receive. For more information on NASS surveys and reports, call the NASS Agricultural Statistics Hotline at (800) 727-9540, 7:30 a.m. to 4:00 p.m. ET, or e-mail: [email protected]. 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