Preliminary June prices were up from May for hay, soybeans and spring wheat, while down for corn, winter wheat, and oats, ccording to the South Dakota Office of USDA’s National Agricultural Statistics Service.
For June, the preliminary winter wheat price, at $6.10, was down 20 cents from last month and down $1.28 from last June. The spring wheat price, at $7.80, was 6 cents higher than last month but $2.30 lower than last year. The June soybean price, at $13.30, was 10 cents higher than last month and 40 cents higher than last year. The corn price, at $6.04, was down 6 cents from last month and down 11 cents from last year. The June alfalfa price, at $149.00 per ton, was up $21.00 from last month and up $50.00 from last year. The other hay price, at $116.00, was up $13.00 from last month and up $35.00 from June 2011.
Prices received by farmers for spring wheat for June 2012 averaged $7.70 per bushel, a decrease of 2 cents from the May 2012 price according to the USDA, National Agricultural Statistics Service, North Dakota Field Office. Soybeans, at $13.20 per bushel, decreased 40 cents from the previous month while corn decreased 3 cents to $5.95 per bushel.
The preliminary All Farm Products Index of Prices Received by Farmers in June, at 181 percent, based on 1990-1992=100, increased 3 points (1.7 percent) from May. The Crop Index is up 2 points (1.0 percent) and the Livestock Index increased 1 point (0.7 percent).
Sources: USDA NASS ND & SD Field OfficesShare