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| I would like to figure out how my marketing guy is doing compared to the average market price for crop year. So I have a series of questions.
What would be the best way to come up with an average corn price for example the 2017 corn crop ??
I have been thinking a guy could use the closing price each day on the December 2017 contract until expires then switch to the nearby futures ? If that is the accurate way to do it, when should a guy start recording the price and stop recording the price for particular crop year ?
Hope my question makes sense.
Does USDA already record the average marketing price for each crop year ?
Thank You very much for your advise and help.
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Calculating average market price ??
