WASHINGTON, D.C., U.S. — The preliminary U.S. average price received by farmers for all wheat in January was $8.10 per bushel, down 19¢ from $8.29 in December but up $1.05 from $7.05 in January 2012, the U.S. Department of Agriculture (USDA) said in its latest Agricultural Prices report.
The average price paid for winter wheat in January was $8.08 per bushel, down 7¢ from $8.15 in December but up $1.51 from $6.57 in January 2012. The average price paid for durum was $8.09 per bushel, down 22¢ from $8.31 in December 2012 and down 75¢ from $8.84 in January 2012. Spring wheat other than durum averaged $8.14 per bushel, down 32¢ from $8.46 per bushel in December but up 5¢ from in January 2012.
The average price paid for all rice was $15 a cwt, up 40¢ from $14.60 in December 2012 but down 20¢ from $15.20 in January 2012.
The January index of prices received by farmers for food grains was 259 compared with the 1990-92 base of 100, down 3% from 266 in December but up 11% from 233 in January 2012.
The January index of feed grains was 301, up 2% from 294 in December and up 15% from 261 in January 2012. The average price paid to farmers for corn was $6.98 per bushel, up 11¢ from $6.87 in December and up 91¢ from $6.07 in January 2012. Farmers received an average of $12.10 a cwt for grain sorghum in January, down 10¢ from December but up $1.30 from $10.80 in January 2012. The average price paid for oats in January was $3.93 a bushel, down 1¢ from December but up 37¢ from $3.56 in January 2012.
The index of January prices received for oilseeds was 250, down 2% from 254 in December but up 17% from 214 in January 2012. Farmers received an average of $14.10 a bushel for soybeans in January, down 20¢ from $14.30 in December but up $2.20 from $11.90 in January 2012.