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GAP

(Goodwine's Average Price)
The GAP Contract offers the following options:
  • CORN: New Crop (Fall 2022) and January 2023
  • SOYBEANS: New Crop (Fall 2022) and January 2023 
  • PRICING PERIOD: April 21, 2022 to July 21, 2022 and is priced at settlement every Thursday for 14 weeks
Features of the GAP Contract:
  • Free
  • No minimum bushels needed to participate
  • No early pricing penalty
  • $.10/bu cancellation fee
  • A running average will be tracked and updated on a weekly basis (see averages below)

GAP Running Average:

New Crop Corn

Week
Cash Price
4/21/22
$6.93
4/28/22
$7.06
5/5/22
$6.93
5/12/22
$7.08
5/19/22
$6.91
5/26/22
$6.73
6/2/22
$6.49
6/9/22
$6.71
6/16/22
$6.90
6/23/22
$6.10
6/30/22
$5.74
7/7/22
$5.51
7/14/22
$5.56
7/21/22
$5.28
CURRENT AVERAGE
$6.43

January Corn

Week
Cash Price
4/21/22
$6.96
4/28/22
$7.09
5/5/22
$6.97
5/12/22
$7.11
5/19/22
$6.94
5/26/22
$6.77
6/2/22
$6.54
6/9/22
$6.76
6/16/22
$6.94
6/23/22
$6.16
6/30/22
$5.81
7/7/22
$5.57
7/14/22
$5.63
7/21/22
$5.35
CURRENT AVERAGE
$6.48

New Crop Beans

Week
Cash Price
4/21/22
$14.81
4/28/22
$14.71
5/5/22
$14.41
5/12/22
$14.30
5/19/22
$14.64
5/26/22
$14.94
6/2/22
$14.91
6/9/22
$15.32
6/16/22
$14.93
6/23/22
$13.65
6/30/22
$14.08
7/7/22
$13.15
7/14/22
$12.91
7/21/22
$12.51
CURRENT AVERAGE
$14.24

January Beans

Week
Cash Price
4/21/22
$14.87
4/28/22
$14.76
5/5/22
$14.49
5/12/22
$14.37
5/19/22
$14.72
5/26/22
$15.02
6/2/22
$15.00
6/9/22
$15.39
6/16/22
$15.01
6/23/22
$13.75
6/30/22
$14.17
7/7/22
$13.25
7/14/22
$13.02
7/21/22
$12.64
CURRENT AVERAGE
$14.32
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