Average Price Program
The Average Price Program gets you involved in the market, setting futures on an equal number of bushels daily over a selected time frame.
How It Works
Prices tend to have seasonal trends, and Bartlett’s Average Price Program focuses on the window when levels historically reach their peak. Our program takes the guess work out of trying to hit the high while giving you the confidence of pricing grain with a hands-off approach.
On March 1, you contract 10,000 bushels of new crop corn into the Average Pricing Program for November delivery. You select Bartlett’s Seasonal Pricing Period of April 15 through August 31. The average daily settlement price of the new crop December corn contract for all trading days during your selected pricing period comes out to $5.50. This will be the futures price assigned to your 10,000 bushel contract.
Average Price Program Details
- You may use Bartlett’s 100-day seasonal pricing window, or you may select your own custom pricing window.
- The basis must be established prior to delivery of the contracted bushels or prior to the first notice day of the underlying futures — whichever comes first.
- For a fee, you may price out the remaining balance of unpriced bushels before the end of the pricing period.