Prices received by farmers for spring wheat for August 2012 averaged $8.20 per bushel, a decrease of 34 cents from the July 2012 price according to the USDA, National Agricultural Statistics Service, North Dakota Field Office. Soybeans, at $15.10 per bushel, increased 40 cents from the previous month and corn increased 68 cents to $7.25 per bushel.
For August, the preliminary winter wheat price, at $7.90, was up 18 cents from last month and up 64 cents from last August. The spring wheat price, at $8.24, was 44 cents lower than last month and 25 cents lower than last year. The August soybean price, at $15.90, was $1.00 higher than last month and $2.90 higher than last year. The corn price, at $7.48, was up 75 cents from last month and up 73 cents from last year. The preliminary all sunflower price, at $28.50, was up $2.20 from last month but down $3.20 from last year.
The August alfalfa price, at $215.00 per ton, was up $40.00 from last month and up $110.00 from last year. The other hay price, at $144.00, was down $1.00 from last month but up $62.00 from August 2011.
The preliminary All Farm Products Index of Prices Received by Farmers in August, at 192 percent, based on 1990-1992=100, increased 2 points (1.1 percent) from July. The Crop Index is up 3 points (1.3 percent) and the Livestock Index increased 3 points (2.0 percent).
Sources: USDA NASS ND & SD Field Offices