Preliminary March prices were up from February for corn, soybeans, winter wheat and oats, while down for spring wheat, sunflower and hay, according to the South Dakota Office of USDA’s National Agricultural Statistics Service.
For March, the preliminary winter wheat price, at $6.70, was up 1 cent from last month but down 53 cents from last March. The spring wheat price, at $8.00, was 21 cents lower than last month and $1.26 lower than last year. The March soybean price, at $12.90, was 90 cents higher than last month and 40 cents higher than last year. The corn price, at $6.29, was up 23 cents from last month and up 85 cents from last year. The preliminary all sunflower price, at $26.10, was down 50 cents from last month and down 80 cents from last year.
The March alfalfa price, at $129.00 per ton, was down $3.00 from last month but up $46.00 from last year. The other hay price, at $85.00, was down $4.00 from last month but up $15.00 from March 2011.
Prices received by farmers for spring wheat for March 2012 averaged $8.15 per bushel, an increase of 3 cents from the February 2012 price according to the USDA, National Agricultural Statistics Service, North Dakota Field Office. Soybeans, at $12.70 per bushel, increased $1.00 from the previous month while corn increased 28 cents to $6.20 per bushel.
The preliminary All Farm Products Index of Prices Received by Farmers in March, at 186 percent, based on 1990-1992=100, increased 5 points (2.8 percent) from February. The Crop Index is up 8 points (3.9 percent) and the Livestock Index increased 3 points (1.9 percent).
Source: USDA NASS SD & ND Field Offices