Table 24.  Average Pricing Performance Results for Market Advisory Programs by Underlying Components, Corn and Soybeans, 1995 - 2004 Crop Years, Commercial Storage Costs
	1995 - 2004 Average
	Unadjusted	Commercial Storage Costs				Futures &			Net
Commodity/Advisory Program	Cash Sales	Physical			Net Cash	Options	Brokerage	LDP /	Advisory
and Benchmark	Price	Storage	Shrinkage	Interest	Sales Price	Gain	Costs	MLG	Price
	---$ per bushel---
Panel A: Average Price Components
Corn
Advisory Programs	2.36	0.11	0.03	0.04	2.18	0.02	0.02	0.12	2.29
24-Month Market Benchmark	2.33	0.09	0.02	0.03	2.19	0.00	0.00	0.09	2.28
20-Month Market Benchmark	2.34	0.10	0.03	0.04	2.17	0.00	0.00	0.08	2.25
Farmer: USDA Prices	2.34	0.15	0.04	0.06	2.09	0.00	0.00	0.12	2.21
Farmer: Market Prices	2.32	0.15	0.04	0.06	2.07	0.00	0.00	0.12	2.18
Soybeans
Advisory Programs	5.79	0.10	N/A	0.09	5.61	0.04	0.02	0.38	6.00
24-Month Market Benchmark	5.71	0.08	N/A	0.08	5.55	0.00	0.00	0.31	5.86
20-Month Market Benchmark	5.77	0.10	N/A	0.10	5.57	0.00	0.00	0.31	5.88
Farmer: USDA Prices	5.89	0.14	N/A	0.14	5.61	0.00	0.00	0.36	5.97
Farmer: Market Prices	5.90	0.15	N/A	0.14	5.61	0.00	0.00	0.36	5.97
Panel B: Average Difference in Price Components
Corn
Advisory Programs - 24-Month Benchmark	0.04	0.03	0.01	0.01	0.00	0.02	0.02	0.03	0.02
Advisory Programs - 20-Month Benchmark	0.03	0.01	0.00	0.00	0.02	0.02	0.02	0.03	0.05
Advisory Programs - Farmer: USDA Prices	0.02	-0.04	-0.01	-0.02	0.09	0.02	0.02	0.00	0.09
Advisory Programs - Farmer: Market Prices	0.05	-0.04	-0.01	-0.01	0.11	0.02	0.02	0.00	0.11
Soybeans
Advisory Programs - 24-Month Benchmark	0.10	0.02	N/A	0.01	0.08	0.04	0.02	0.06	0.16
Advisory Programs - 20-Month Benchmark	0.04	0.00	N/A	-0.01	0.05	0.04	0.02	0.07	0.14
Advisory Programs - Farmer: USDA Prices	-0.09	-0.04	N/A	-0.05	0.01	0.04	0.02	0.01	0.04
Advisory Programs - Farmer: Market Prices	-0.09	-0.05	N/A	-0.06	0.01	0.04	0.02	0.01	0.04
Notes:  Net cash sales price is calculated as unadjusted cash sales price minus commercial storage costs. Net advisory price is calculated as net cash sales price plus futures and options gains minus brokerage costs plus LDP/MLG, and therefore, is stated on a harvest equivalent basis. Market and farmer benchmark prices also are stated on a harvest equivalent basis. LDP stands for loan deficiency payment and MLG stands for marketing loan gain. LDP/MLGs were not paid for the 1995 - 1997 and 2002 crop years for corn and the 1995-1997 and 2003 crop years for soybeans. Average differences for 1995-2004 are computed over the full set of advisory programs. As a result, differences in the averages reported in Panel A may not equal the average differences reported in Panel B.  N/A denotes "Not Applicable."