The average price paid for winter wheat in August was $7.96 per bushel, up 17¢ from $7.79 in July and up 69¢ from $7.27 in August 2011. The average price paid for durum was $7.41 per bushel in August, down $1.19 from $8.60 in July and down $2.79 from $10.20 in August 2011. Spring wheat other than durum averaged $8.32 a bushel, down 21¢ from $8.53 in July but up 4¢ from $8.28 in August 2011.
The average price paid for all rice was $14.50 a cwt, up 30¢ from $14.20 in July and up 90¢ from $13.60 in August 2011.
The August index of prices received by farmers for food grains was 263 compared with the 1990-1992 base of 100, unchanged from July’s downwardly revised index but up 6% from 248 in August 2011.
The August index of feed grains was 311, up 6% from 294 in July and up 10% from 283 in August 2011.
The average price paid to farmers for corn was $7.54 a bushel, up 40¢ from $7.14 in July and up 66¢ from $6.88 in August 2011. Farmers received an average of $11.90 a cwt for grain sorghum in August, up $1.20 from $10.70 in July and in August 2011. The average price paid for oats in August was $3.64 a bushel, down 6¢ from $3.70 in July but up 44¢ from $3.20 in August 2011.
The index of August prices received for oilseeds was 282, up 3% from 275 in July and up 18% from 239 in August 2011.
Farmers received an average of $15.90 a bushel for soybeans in August, up 50¢ from $15.40 in July and up $2.50 from $13.40 in August 2011.
