Average U.S. wheat price rebounds modestly in November

by World Grain Staff
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WASHINGTON, D.C., U.S. — The preliminary U.S. average price received by farmers for all wheat in November was $7.33 per bushel, a 4¢ gain from October, which followed a 26¢ decline in October.

In data issued in the U.S. Department of Agriculture Agricultural Prices report, the November price was down 83¢ a bushel from the May high of $8.16 but remained $1.23 above the year ago price of $6.10 in November 2010.

The average price paid for winter wheat in November was $6.41 a bushel, down 13¢ from $6.54 in October but up 39¢ from $6.02 in November 2010. The average price paid for durum was $10.30 a bushel, up 72¢ from $9.58 in October and up $4.75 from $5.55 in November 2010. Spring wheat other than durum averaged $8.72 per bushel, up 52¢ from $8.20 in October and up $2.37 from $6.35 in November 2010.

The average price paid for rough rice in November was $14.40 a cwt, down 20¢ from $14.60 in October but up $1.90 from $12.50 a year earlier.

The November index of prices received by farmers for food grains was 237 compared with the 1990-92 base of 100, unchanged from the previous month but up 19% from 199 in November 2010.

The November index of feed grains was 259, up 4% from 249 in October and up 34% from 194 in November 2010. The average price paid to farmers for corn was $6 a bushel, up 29¢ from $5.71 in October and up $1.45 from $4.55 in November 2010. Farmers received an average of $11 a cwt for grain sorghum in November, up 30¢ from $10.70 in October and up $2.56 from $8.44 in November 2010.

The index of November prices received for oilseeds was 213, up 4% from 205 in October and up 15% from 186 in November 2010. Farmers received an average of $11.50 a bushel for soybeans in November, down 20¢ from $11.70 in October but up 40¢ from $11.10 in November 2010.

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