GAP

(Goodwine's Average Price)

GAP Contract Details

2021 Results

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)

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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	$
6/2/22	$
6/9/22	$
6/16/22	$
6/23/22	$
6/30/22	$
7/7/22	$
7/14/22	$
7/21/22	$
CURRENT AVERAGE	$6.98

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	$
6/2/22	$
6/9/22	$
6/16/22	$
6/23/22	$
6/30/22	$
7/7/22	$
7/14/22	$
7/21/22	$
CURRENT AVERAGE	$7.01

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	$
6/2/22	$
6/9/22	$
6/16/22	$
6/23/22	$
6/30/22	$
7/7/22	$
7/14/22	$
7/21/22	$
CURRENT AVERAGE	$14.57

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	$
6/2/22	$
6/9/22	$
6/16/22	$
6/23/22	$
6/30/22	$
7/7/22	$
7/14/22	$
7/21/22	$
CURRENT AVERAGE	$14.64

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