AVERAGE PRICES RECEIVED BY IOWA FARMERS OATS -- DOLLARS PER BUSHEL --------------------------------------------------------------------------- 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 --------------------------------------------------------------------------- JAN .59 .58 .67 .60 .67 .69 .68 .67 .67 .71 FEB .58 .58 .66 .60 .67 .68 .67 .68 .67 .71 MAR .59 .59 .65 .60 .67 .68 .66 .68 .67 .71 APR .60 .60 .66 .60 .68 .68 .67 .68 .67 .71 MAY .58 .60 .66 .62 .68 .68 .67 .69 .67 .71 JUN .57 .59 .64 .63 .66 .68 .65 .68 .67 .71 JUL .53 .57 .61 .65 .63 .64 .62 .65 .66 .69 AUG .52 .59 .58 .63 .61 .63 .62 .63 .66 .65 SEP .52 .60 .59 .64 .62 .65 .62 .63 .68 .66 OCT .53 .61 .58 .64 .63 .65 .62 .63 .68 .65 NOV .55 .65 .57 .64 .65 .66 .64 .64 .70 .65 DEC .58 .67 .58 .66 .68 .67 .65 .65 .70 .66 SEASON AVG. NA NA NA NA NA NA NA .65 .69 .68 PRICE --------------------------------------------------------------------------- 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 --------------------------------------------------------------------------- JAN .68 .66 .59 .71 .67 .85 1.28 1.61 1.44 1.61 FEB .68 .67 .59 .73 .68 .85 1.40 1.59 1.45 1.67 MAR .69 .67 .60 .72 .69 .85 1.41 1.51 1.45 1.63 APR .70 .67 .60 .72 .68 .85 1.31 1.51 1.44 1.62 MAY .70 .67 .60 .70 .69 .86 1.30 1.55 1.45 1.55 JUN .70 .64 .61 .70 .68 .91 1.30 1.53 1.56 1.38 JUL .63 .60 .57 .65 .67 .87 1.30 1.43 1.62 1.09 AUG .59 .55 .58 .63 .65 1.10 1.50 1.44 1.48 .94 SEP .60 .55 .62 .63 .68 .99 1.51 1.43 1.48 .92 OCT .60 .57 .63 .63 .69 1.01 1.57 1.41 1.44 .93 NOV .61 .56 .65 .63 .71 1.05 1.59 1.41 1.44 1.10 DEC .63 .58 .68 .65 .83 1.13 1.62 1.41 1.50 1.13 SEASON AVG. .63 .59 .64 .66 .75 1.14 1.49 1.44 1.56 1.11 PRICE --------------------------------------------------------------------------- SEASON AVERAGE PRICE CHANGED TO MARKET YEAR AVERAGE PRICE --------------------------------------------------------------------------- 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 --------------------------------------------------------------------------- JAN 1.13 1.30 1.52 1.99 1.96 1.67 2.00 1.81 1.31 1.55 FEB 1.14 1.36 1.56 1.96 2.06 1.67 2.02 1.80 1.33 1.67 MAR 1.17 1.43 1.46 2.03 2.10 1.65 1.97 1.79 1.22 1.60 APR 1.18 1.39 1.49 2.00 2.04 1.84 2.02 1.81 1.19 1.57 MAY 1.24 1.38 1.43 2.09 2.04 1.74 2.07 1.68 1.20 1.73 JUN 1.27 1.43 1.55 2.07 2.03 1.61 2.04 1.61 1.13 1.61 JUL 1.07 1.42 1.52 1.80 1.66 1.59 1.76 1.33 .95 1.40 AUG 1.01 1.35 1.53 1.79 1.52 1.60 1.75 1.22 .92 1.52 SEP 1.07 1.40 1.64 1.80 1.49 1.81 1.79 1.16 .97 1.63 OCT 1.04 1.29 1.58 1.77 1.44 1.88 1.98 1.12 1.07 1.70 NOV 1.16 1.40 1.74 1.94 1.64 1.87 1.94 1.14 1.30 1.74 DEC 1.18 1.39 1.98 1.97 1.62 2.01 1.88 1.29 1.46 1.86 MARKET YR AVG. NA 1.41 1.71 1.88 1.59 1.80 1.78 1.27 1.17 1.68 PRICE --------------------------------------------------------------------------- 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 --------------------------------------------------------------------------- JAN 1.88 2.75 1.60 1.15 1.40 1.50 1.61 1.41 2.08 2.01 FEB 1.97 2.64 1.49 1.17 1.45 1.56 1.59 1.42 2.07 2.06 MAR 1.96 2.50 1.52 1.20 1.53 1.62 1.59 1.49 2.16 2.09 APR 2.01 2.39 1.50 1.23 1.49 1.59 1.52 1.53 2.29 2.03 MAY 2.05 2.30 1.56 1.27 1.46 1.61 1.54 1.57 2.48 2.12 JUN 2.74 2.00 1.40 1.14 1.44 1.53 1.46 1.59 2.29 1.93 JUL 3.04 1.56 1.14 1.11 1.34 1.41 1.24 1.63 2.26 1.63 AUG 2.81 1.42 1.08 1.22 1.31 1.32 1.21 1.68 2.17 1.58 SEP 2.75 1.37 1.12 1.16 1.38 1.50 1.23 1.61 2.05 1.51 OCT 2.74 1.39 1.13 1.18 1.44 1.52 1.26 1.59 2.05 1.56 NOV 2.63 1.51 1.17 1.30 1.51 1.69 1.39 2.00 1.95 1.92 DEC 2.84 1.68 1.26 1.41 1.47 1.58 1.33 2.06 2.04 1.83 MARKET YR AVG. 2.85 1.51 1.14 1.23 1.38 1.45 1.30 1.76 2.16 1.63 PRICE --------------------------------------------------------------------------- 1998 1999 2000 2001 2002 2003 2004 2005* 2006 2007 --------------------------------------------------------------------------- JAN 1.76 1.41 1.42 1.39 2.06 2.13 1.62 1.77 FEB 1.80 1.44 1.45 1.41 1.87 2.20 1.84 1.90 MAR 1.76 1.48 1.50 1.40 2.20 2.21 1.86 1.93 APR 1.78 1.49 1.49 1.57 2.00 2.03 1.72 1.84 MAY 1.66 1.36 1.40 1.49 2.20 1.99 1.86 1.80 JUN 1.55 1.31 1.47 1.60 2.07 1.75 1.80 1.75 JUL 1.15 1.06 1.08 1.29 1.67 1.49 1.40 1.69 AUG 1.09 .98 .93 1.36 1.77 1.45 1.34 1.70 SEP 1.24 1.01 1.17 1.56 1.72 1.49 1.41 1.53 OCT 1.26 1.25 1.24 1.65 1.89 1.75 1.51 1.55 NOV 1.36 1.14 1.43 1.85 1.83 1.57 1.42 DEC 1.41 1.36 1.40 1.84 1.93 1.59 1.69 MARKET YR AVG. 1.24 1.12 1.19 1.54 1.78 1.54 1.40 PRICE --------------------------------------------------------------------------- *Preliminary. **Mid-month price.