Preliminary May prices were down from April for crops, with the exception of soybeans and other hay, according to the South Dakota Office of USDA’s National Agricultural Statistics Service. For May, the preliminary winter wheat price, at $6.10, was down 7 cents from last month and down $1.96 from last May. The spring wheat price, at $7.70, was 43 cents lower than last month and $2.60 lower than last year. The May soybean price, at $13.70, was unchanged from last month but 80 cents higher than last
year. The corn price, at $5.95, was down 12 cents from last month and down 7 cents from last year. The preliminary all sunflower price, at $25.40, was down $1.90 from last month and down $2.20 from last year. The May alfalfa price, at $128.00 per ton, was down $7.00 from last month but up $29.00 from last year. The other hay price, at $103.00, was up $8.00 from last month and up $22.00 from May 2011.
Prices received by farmers for spring wheat for May 2012 averaged $7.45 per bushel, a decrease of 55 cents from the April 2012 price according to the USDA, National Agricultural Statistics Service, North Dakota Field Office. Soybeans, at $13.50 per bushel, increased 30 cents from the previous month while corn decreased 20 cents to $5.85 per bushel.
The preliminary All Farm Products Index of Prices Received by Farmers in May, at 176 percent, based on 1990-1992=100, decreased 2 points (1.1 percent) from April. The Crop Index is down 3 points (1.4 percent) and the Livestock Index decreased 1 point (0.7 percent).
Sources: USDA NASS ND & SD Field Offices