U.S. October wheat price down 61¢ from September

by World Grain Staff
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WASHINGTON, D.C., U.S. — The preliminary national average price received by U.S. farmers for all wheat in October was $6.94 per bushel, down 61¢ from $7.55 in September but up $1.06 from $5.88 in October 2010, the U.S. Department of Agriculture (USDA) said in its latest Agricultural Prices report.

The average price paid for winter wheat in October was $6.31 a bushel, down 70¢ from $7.01 in September but up 48¢ from $5.83 in October 2010. The average price paid for durum was $10.20 a bushel, down 50¢ from $10.70 in September but up $5.13 from $5.07 a year earlier. Spring wheat other than durum averaged $7.93 per bushel, down 12¢ from $8.05 in September but up $1.79 from $6.14 in October 2010.

The average price paid for rough rice in October was $14.90 a cwt, up 60¢ from $14.30 in September and up $3.40 from $11.50 a year earlier.

The October index of prices received by farmers for food grains was 229 compared with the 1990-92 base of 100, down 7% from 246 the previous month but up 21% from 190 in October 2010.

The October index of freed grains was 257, down 5% from 269 in September but up 39% from 185 in October 2010. The average price paid to farmers for corn was $5.92 a bushel, down 45¢ from $6.37 in September but up $1.60 from $4.32 in October 2010. Farmers received an average of $11.10 a cwt for grain sorghum in October, up 60¢ from $10.50 in September and up $3.30 from $7.80 in October 2010. The average price paid for oats in October was $3.45 a bushel, down 22¢ from $3.67 in September but up 90¢ from $2.55 in October 2010.

The index of October prices received for oilseeds was 208, up 4% from 201 in September and up 24% from 168 in October 2010. Farmers received an average of $11.90 a bushel for soybeans in October, down 30¢ from $12.20 in September but up $1.70 from $10.20 in October 2010.
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