March U.S. wheat price down 31¢ 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 March was $7.24 per bushel, up 14¢ from $7.10 in February but down 31¢ from $7.44 in March 2011, the U.S. Department of Agriculture said its latest Agricultural Prices report.

The average price paid for winter wheat in March was $6.65 per bushel, down 2¢ from $6.67 in February and down 37¢ from $7.02 in March 2011. The average price paid for durum was $9.21, up 26¢ from $8.95 in February and up $1.12 from $8.09 a year earlier. Spring wheat other than durum averaged $8.14 a bushel, up 13¢ from $8.01 in February and up 7¢ from $8.07 in March 2011.

The average price paid for rough rice was $14.10 a cwt, up 30¢ from February and up $1.10 from $13 year earlier.

The March index of prices received by farmers for food grains was 230 compared with the 1990-92 base of 100, up 2% from 226 the previous month but down 1% from 233 in March 2011.

The March index of feed grains was 276, up 3% from 268 in February and up 20% from 230 in March 2011. The average price paid to farmers for corn was $6.48 a bushel, up 20¢ from $6.28 in February and up 95¢ from $5.53 in March 2011. Farmers received an average of $11.30 a cwt for grain sorghum in March, up 50¢ from February and up 70¢ from $10.60 a cwt a year ago. The average price paid for oats in March was $3.58 a bushel, up 12¢ from $3.46 in February and up 30¢ from $3.28 in March 2011.

The index of March prices received for oilseeds was 235, up 7% from 220 in February and up 3% from 228 in March 2011. Farmers received an average of $13.10 a bushel for soybeans in March, up 90¢ from $12.20 in February and up 40¢ from $12.70 in March 2011.

The March index for dairy products was 133, down 2% from 136 in February and down 15% from 156 in March 2011. The average price for all milk in March was $17.40 a cwt, down 30¢ from $17.70 in February and down $3 from $20.40 in March 2011.

The March poultry and egg index was 174, up 8% from 161 in February and up 16% from 150 in March 2011. The average price paid to farmer for all eggs in March was 89¢, up 5¢ from February and up 13¢ from 76¢ in March 2011.

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