ND & SD corn, soybeans and wheat prices down in December


South Dakota

Preliminary December prices were down from November for corn, wheat, soybeans, and oats, according to the South Dakota Office of USDA’s National Agricultural Statistics Service.

For December, the preliminary winter wheat price, at $6.11, was down 81 cents from last month and down 31 cents from last December.  The spring wheat price, at $8.09, was 80 cents lower than last month but 82 cents higher than last year. The December soybean price, at $10.70, was $0.80 lower than last month and 40 cents lower than last year.  The corn price, at $5.51, was down 17 cents from last month but up 96 cents from last year. The preliminary all sunflower price, at $28.10, was up $0.70 from last month and up $9.00 from last year.

The December alfalfa price, at $147.00 per  ton, was up $15.00 from last month and up $64.00 from last year. The other hay price, at $97.00, was unchanged from last month but up $28.00 from December 2010.

North Dakota

Prices received by farmers for spring wheat for December 2011 averaged $8.15 per bushel, a decrease of 52 cents from the November 2011 price according to the USDA, National Agricultural Statistics Service, North Dakota Field Office. Soybeans, at $10.50 per bushel, decreased 80 cents from the previous month while corn decreased 11 cents to $5.30 per bushel.

United States

The preliminary All Farm Products Index of Prices Received by Farmers in December, at 176 percent, based on 1990-1992=100, decreased 8 points (4.3 percent) from November. The Crop Index is down 15 points (7.3 percent) but the Livestock Index increased 1 point (0.6 percent).

Source: USDA NASS ND & SD Office