January U.S. wheat price up 17¢ from year ago

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 January was $6.86 per bushel, down 33¢ from $7.19 in December but up 17¢ from $6.69 in January 2011, the U.S. Department of Agriculture said in its latest Agricultural Prices report.

The average price paid for winter wheat in January was $6.25 per bushel, down 16¢ from $6.41 a bushel in December and down 10¢ from $6.35 in January 2011. The average price paid for durum was $8.87 a bushel, down $1.13 from $10 in December but up $1.78 from $7.09 a year earlier. Spring wheat other than durum averaged $7.86 a bushel, down 40¢ from $8.26 in December but up 72¢ from $7.14 in January 2011.

The average price paid for rough rice in January was $14.50 a cwt, up 30¢ from $14.20 in December and up 50¢ from $14 a year earlier.

The January index of prices received by farmers for food grains was 225 compared with the 1990-92 base of 100, down 4% from 235 the previous month but up 2% from 220 in January 2011.

The January index of feed grains was 255, up 1% from 253 in December and up 22% from 209 in January 2011. The average price paid to farmers for corn was $5.90 a bushel, up 4¢ from $5.86 in December and up 96¢ from $4.94 in January 2011. Farmers received an average of $10.40 a cwt for grain sorghum in January, down 10¢ from $10.50 in December but up 91¢ from $9.49 in January 2011. The average price paid for oats in January was $3.62 a bushel, up 5¢ from $3.57 in December and up 49¢ from $3.13 in January 2011. 

The index of January prices received for oilseeds was 211, down about 1% from 212 in December but up 2% from 207 in January 2011. Farmers received an average of $11.70 a bushel for soybeans in January, up 20¢ from $11.50 in December and up 10¢ from $11.60 in January 2011.

 

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