January wheat price up 17c from year ago

by Staff
Share This:

WASHINGTON — The preliminary national average price received by farmers for all wheat in January was $6.86 per bu, down 33c from $7.19 in December but up 17c 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 bu, down 16c from $6.41 a bu in December and down 10c from $6.35 in January 2011. The average price paid for durum was $8.87 a bu, 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 bu, down 40c from $8.26 in December but up 72c from $7.14 in January 2011.

The average price paid for rough rice in January was $14.50 a cwt, up 30c from $14.20 in December and up 50c 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 bu, up 4c from $5.86 in December and up 96c from $4.94 in January 2011. Farmers received an average of $10.40 a cwt for grain sorghum in January, down 10c from $10.50 in December but up 91c from $9.49 in January 2011. The average price paid for oats in January was $3.62 a bu, up 5c from $3.57 in December and up 49c 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 bu for soybeans in January, up 20c from $11.50 in December and up 10c from $11.60 in January 2011.

The January index for dairy products was 147, down 3% from 152 in December but up 15% from 128 in January 2011. The average price for all milk in January was $19 a cwt, up 40c from $18.60 in December and up $2.40 from $16.60 in January 2011.

The January poultry and egg index was 152, down 6% from 162 in December but up 8% from 141 in January 2011. The average price paid to farmers for all eggs in January was 77c a dozen, down 20c from 97c in December but up 1c from 76c in January 2011.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.








The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.