Posted by: usset001 | October 1, 2011

Memorable September collapses (in the prices of December corn and November soybean futures)

I couldn’t help myself. The information is out there so I had to know; Was the decline in December corn and November soybeans during the month of September the greatest ever?

The answer for corn is a resounding “yes,” both in terms of cents per bushel and percent decline. In soybeans, the decline in 2011 was 2 cents greater than 2008, but in terms of a percentage decline, 2008 retains the title.

I went back to 1949 and I could only find 4 corn years and 3 soybean years with futures declines greater than 10% in September. All but one occurred in the last eight years which, I think, is a comment on increased volatility in the grain markets.

Years when the Price of December Corn or November Soybean Futures declined more than 10% during the month of September

(1949-2011)

 

Year

Dec Corn

Price decline in cents per bushel

Dec Corn

% decline

Nov Soybeans

Price decline in cents per bushel

Nov Soybeans

% decline

1996

44.75

-13.1%

2004

37.25

-15.3%

110.25

-17.3%

2008

81.75

-14.4%

253.50

-19.5%

2011

146.00

-19.8%

255.50

-17.8%

Based on closing prices recorded on the first and last trading days in the month of September.


Responses

  1. I like your post very much. Thank you for quality information.


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