Table 2. Pricing Results for 35 Market Advisory Programs, Soybeans, 1995-2000 Crop Years, Commercial Storage Costs
	1995	1996	1997	1998	1999	2000
	Net	Net	Net	Net	Net	Net
	Advisory	Advisory	Advisory	Advisory	Advisory	Advisory
Market Advisory Program	Price	Price	Price	Price	Price	Price
	---$ per bushel (harvest equivalent)---
Ag Alert for Ontario	N/A	7.37	N/A	N/A	N/A	N/A
Ag Profit by Hjort	6.77	7.13	6.16	5.26	5.34	N/A
Ag Review	6.59	7.37	6.19	5.11	4.68	5.23
AgLine by Doane (cash only)	6.59	7.40	6.32	5.65	5.45	5.46
AgLine by Doane (hedge)	N/A	N/A	N/A	5.60	5.45	5.32
AgResource	6.92	7.29	6.47	6.17	7.10	6.83
Agri-Edge (cash only)	6.70	7.28	6.06	N/A	N/A	N/A
Agri-Edge (hedge)	6.62	7.18	6.25	N/A	N/A	N/A
Agri-Mark	7.94	7.18	6.68	5.71	5.60	5.60
AgriVisor (aggressive cash)	6.38	7.28	6.33	5.55	5.48	5.35
AgriVisor (aggressive hedge)	6.97	7.40	6.14	5.77	5.40	5.29
AgriVisor (basic cash)	6.42	7.06	6.35	5.55	5.48	5.31
AgriVisor (basic hedge)	6.78	7.46	6.14	5.79	5.40	5.25
Allendale (futures only)	6.21	7.30	6.67	5.90	5.64	5.68
Brock (cash only)	6.27	7.20	6.31	5.65	5.68	5.23
Brock (hedge)	5.66	6.99	6.93	6.58	6.33	5.41
Cash Grain	N/A	N/A	N/A	N/A	5.99	5.40
Co-Mark	N/A	N/A	N/A	N/A	N/A	5.53
Freese-Notis	6.40	7.13	6.15	5.81	5.32	5.46
Grain Field Report	6.84	N/A	N/A	N/A	N/A	N/A
Grain Marketing Plus	N/A	N/A	N/A	N/A	N/A	5.23
Harris Weather/Elliott Advisory	6.85	6.80	N/A	N/A	N/A	N/A
North American Ag	6.44	N/A	N/A	N/A	N/A	N/A
Pro Farmer (cash only)	6.69	7.31	6.29	5.74	5.51	5.28
Pro Farmer (hedge)	6.78	7.49	6.47	5.85	5.81	5.55
Progressive Ag	N/A	7.80	6.65	5.71	5.68	5.00
Prosperous Farmer	6.51	N/A	N/A	N/A	N/A	N/A
Risk Management Group (cash only)	N/A	N/A	N/A	N/A	5.51	5.53
Risk Management Group (futures & options)	N/A	N/A	N/A	N/A	5.70	5.46
Risk Management Group (options only)	N/A	N/A	N/A	N/A	5.51	5.51
Stewart-Peterson Advisory Reports	6.09	7.37	6.22	6.36	6.00	5.45
Stewart-Peterson Strictly Cash	6.28	7.13	6.33	5.96	5.42	5.24
Top Farmer Intelligence	6.20	6.84	6.08	6.32	6.23	5.76
Utterback Marketing Services	N/A	N/A	6.99	6.13	6.14	5.27
Zwicker Cycle Letter	6.89	7.67	6.59	5.76	N/A	N/A
Descriptive Statistics:
Average	6.59	7.27	6.38	5.82	5.67	5.45
Median	6.59	7.28	6.32	5.77	5.51	5.40
Minimum	5.66	6.80	6.06	5.11	4.68	5.00
Maximum	7.94	7.80	6.99	6.58	7.10	6.83
Range	2.28	1.00	0.93	1.47	2.42	1.83
Standard Deviation	0.42	0.23	0.26	0.34	0.45	0.33
Market Benchmarks
24-Month Average	6.26	7.08	6.30	5.86	5.50	5.42
20-Month Average	6.39	7.21	6.22	5.64	5.30	5.38
Farmer Benchmark
USDA Average Price Received	6.59	7.17	6.17	5.18	5.39	5.29
Notes:  N/A denotes "not applicable" -- program did not exist or was not evaluated for that marketing year. Net advisory prices and benchmark prices are stated on a harvest equivalent basis. A crop year is a two-year marketing window from September of the year previous to harvest through August of the year after harvest.											0.89	0.05
											0.33	0.03
											-0.04	0.02
											-0.04	0.00
											0.08	0.02
											0.25	0.02
											-0.02	0.01
											-0.04	0.00
											-0.09	0.00
											-0.07	0.01
											-0.05	0.03
											-0.10	0.01
											-0.31	0.02
											-0.20	0.02
											-0.35	0.01
											-0.28	0.02
											-0.14	0.04
											-0.43	0.03
											-0.03	0.02
											-0.06	0.02
											0.298544	0.013025547