Preliminary January prices were down from December for wheat and hay, while unchanged for corn and soybeans, according to the South Dakota Office of USDA’s National Agricultural Statistics Service.
For January, the preliminary winter wheat price, at $6.40, was down 43 cents from last month but up 9 cents from last January. The spring wheat price, at $7.90, was 62 cents lower than last month and 13 cents lower than last year. The January soybean price, at $11.10, was unchanged from last month but 20 cents lower than last year. The corn price, at $5.65, was unchanged from last month but up $1.16 from last year. The preliminary all sunflower price, at $28.60, was up 50 cents from last month and up $9.40 from last year.
The January alfalfa price, at $133.00 per ton, was down $14.00 from last month but up $46.00 from last year. The other hay price, at $87.00, was down $10.00 from last month but up $18.00 from January 2011.
Prices received by farmers for spring wheat for January 2012 averaged $7.95 per bushel, a decrease of 49 cents from the December 2011 price according to the USDA, National Agricultural Statistics Service, North Dakota Field Office. Soybeans, at $11.10 per bushel, decreased 10 cents from the previous month while corn increased 20 cents to $5.60 per bushel.
The preliminary All Farm Products Index of Prices Received by Farmers in January, at 186 percent, based on 1990-1992=100, increased 7 points (3.9 percent) from December. The Crop Index is up 10 points (5.1 percent) but the Livestock Index decreased 1 point (0.6 percent).
Source: USDA NASS SD & ND Field Offices