North & South Dakota August agricultural prices mixed

North Dakota

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.

South Dakota

Preliminary August prices were up from July for corn, soybeans, alfalfa hay, sunflower and winter wheat, according to the South Dakota Office of USDA’s National Agricultural Statistics Service.

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.

United States

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