AVERAGE PRICES RECEIVED BY IOWA FARMERS SOYBEANS -- DOLLARS PER BUSHEL --------------------------------------------------------------------------- 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 --------------------------------------------------------------------------- JAN .39 .65 1.35 .70 1.40 .80 .65 1.00 .84 FEB .38 .90 1.50 .70 1.45 .85 .65 .93 .79 MAR .46 1.10 1.50 .70 1.45 .85 .70 .98 .83 APR .55 1.10 1.40 .65 1.60 .80 .75 .98 1.00 MAY .75 1.15 1.40 .70 1.60 .90 .85 .97 1.15 JUN .90 2.05 1.35 .70 1.35 .85 .80 .81 1.20 JUL .55 1.00 2.05 1.10 .94 1.15 .80 .70 .66 1.25 AUG .60 .85 1.80 .60 1.15 .90 .70 .55 .60 1.25 SEP .55 .70 1.20 .55 1.10 .80 .65 .65 .62 1.65 OCT .45 .60 .80 .60 1.00 .80 .65 .70 .62 1.40 NOV .40 .60 .85 .65 1.10 .80 .60 .80 .81 1.40 DEC .39 .65 1.10 .65 1.25 .80 .65 .95 .76 1.45 SEASON AVG 1.02 1.15 .67 1.29 .82 .67 .81 .88 1.52 PRICE --------------------------------------------------------------------------- 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 --------------------------------------------------------------------------- JAN 1.60 1.57 1.83 2.05 2.10 2.94 4.13 2.25 2.16 2.87 FEB 1.75 1.57 1.83 2.10 2.10 3.00 2.95 2.04 2.18 3.09 MAR 1.75 1.61 1.87 2.10 2.10 3.70 3.23 2.10 2.32 3.13 APR 1.70 1.61 1.89 2.10 2.10 3.65 3.65 2.05 2.50 3.13 MAY 1.70 1.69 1.89 2.10 2.15 2.98 3.70 2.17 2.70 3.14 JUN 1.60 1.70 1.89 2.13 2.15 3.05 3.92 2.11 2.80 2.94 JUL 1.55 1.65 1.89 2.10 2.25 3.00 3.71 2.25 2.94 2.83 AUG 1.53 1.62 1.90 2.10 2.45 3.00 2.82 2.70 2.43 2.76 SEP 1.50 1.66 1.92 2.05 2.14 3.02 2.60 2.14 2.25 2.62 OCT 1.55 1.80 2.05 2.05 2.29 3.14 2.27 2.10 2.03 2.61 NOV 1.55 1.80 2.08 2.10 3.14 3.44 2.35 2.04 2.52 2.76 DEC 1.57 1.80 2.05 2.10 2.76 3.70 2.39 2.14 2.73 2.81 SEASON AVG 1.58 1.80 2.05 2.07 2.66 3.39 2.26 2.25 2.64 2.74 PRICE --------------------------------------------------------------------------- 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 --------------------------------------------------------------------------- JAN 2.76 2.67 2.80 2.52 2.19 2.30 2.01 2.03 1.94 2.22 FEB 2.75 2.59 2.95 2.55 2.23 2.21 2.00 2.04 1.93 2.48 MAR 2.72 2.77 3.18 2.47 2.35 2.24 2.06 2.06 1.93 2.61 APR 2.64 2.78 3.51 2.35 2.61 2.23 2.12 2.08 1.96 3.04 MAY 2.69 2.74 3.57 2.28 2.96 2.18 2.10 2.10 1.92 2.94 JUN 2.97 2.63 3.48 2.27 2.87 2.14 2.08 2.07 1.90 2.63 JUL 2.95 2.41 3.40 2.15 2.41 2.18 2.06 2.04 1.89 2.55 AUG 3.06 2.38 3.20 2.14 2.37 2.21 2.03 1.96 1.93 2.53 SEP 2.85 2.33 2.45 1.98 2.05 2.07 1.94 1.87 1.90 2.28 OCT 2.69 2.40 2.48 2.05 2.08 2.00 1.92 1.91 1.88 2.17 NOV 2.71 2.59 2.53 2.07 2.26 1.99 1.94 1.97 1.89 2.29 DEC 2.73 2.81 2.53 2.09 2.26 2.00 2.02 1.92 1.95 2.33 SEASON AVG 2.69 2.91 2.41 2.24 2.17 2.05 2.02 1.91 2.13 2.28 PRICE --------------------------------------------------------------------------- 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 --------------------------------------------------------------------------- JAN 2.34 2.36 2.60 2.70 2.62 2.77 2.52 2.44 2.31 2.80 FEB 2.32 2.42 2.54 2.75 2.71 2.68 2.55 2.45 2.35 2.86 MAR 2.34 2.43 2.51 2.81 2.66 2.71 2.54 2.45 2.37 2.85 APR 2.36 2.38 2.42 2.79 2.74 2.67 2.54 2.49 2.44 2.73 MAY 2.33 2.42 2.31 2.65 2.86 2.65 2.56 2.54 2.49 2.79 JUN 2.31 2.43 2.32 2.68 3.02 2.67 2.52 2.49 2.56 2.95 JUL 2.32 2.39 2.31 2.65 3.38 2.63 2.51 2.50 2.70 3.17 AUG 2.31 2.37 2.31 2.49 3.53 2.52 2.51 2.49 2.62 3.07 SEP 2.29 2.40 2.45 2.43 2.90 2.51 2.45 2.32 2.61 2.90 OCT 2.20 2.50 2.49 2.28 2.77 2.44 2.33 2.19 2.71 2.94 NOV 2.27 2.63 2.54 2.34 2.82 2.44 2.40 2.22 2.80 2.84 DEC 2.32 2.53 2.68 2.47 2.85 2.49 2.41 2.23 2.69 2.94 SEASON AVG 2.33 2.44 2.57 2.61 2.69 2.50 2.44 2.36 2.82 3.07 PRICE --------------------------------------------------------------------------- 1972 1973 1974 1975 1976 1977 1978 ------------------------------------------------------ JAN 2.90 4.12 5.80 6.25 4.41 6.76 5.63 FEB 2.97 5.44 6.00 5.73 4.43 6.95 5.41 MAR 3.14 6.02 5.85 5.30 4.37 7.71 6.05 APR 3.35 6.11 5.05 5.63 4.45 8.62 6.27 MAY 3.34 8.25 5.15 4.95 4.88 9.20 6.67 JUN 3.30 10.10 5.09 4.91 6.17 8.40 6.68 JUL 3.32 6.65 6.09 5.25 6.69 6.76 6.28 AUG 3.37 9.30 7.52 5.82 6.08 5.42 6.15 SEP 3.31 5.75 7.34 5.35 6.62 5.18 6.12 OCT 3.06 5.49 8.19 4.88 5.80 5.35 6.16 NOV 3.40 5.10 7.45 4.48 6.06 5.51 6.35 DEC 3.99 5.60 7.13 4.20 6.54 5.57 6.40 SEASON AVG 4.74 5.65 6.36 5.09 7.05 5.92 6.64 PRICE ------------------------------------------------------