Average price of all wheat at $6.91 in September
September 30, 2008
by FoodBusinessNews.net Staff
WASHINGTON — The preliminary national average price received by farmers for all wheat in September was $6.91 per bu, down 73c from $7.64 in August but 15c above the September 2007 average of $6.76, the U.S. Department of Agriculture said in its September Agriculture Prices report (click here to read report).
The national average price received for winter wheat in September was $6.63 a bu, down 68c from $7.31 in August and down 26c from the September 2007 average of $6.89.
The average price for durum was $11.90 a bu, down 50c from $12.40 in August but $2.92 above the September 2007 average of $8.98.
The average price received for rough rice was $17.90 per cwt in September, down 10c from $18 in August but $7.60 above the September 2007 average of $10.30.
The preliminary index of prices received for food grains was 237% of the 1990-92 base of 100, down 8.1% from a revised August index of 258 but 9.7% above the September 2007 index of 216.
The September index for feed grains was 222, down 1.8% from a revised 226 the previous month but 48% above the September 2007 index of 150. The average price paid to farmers for corn in September was $5.17 per bu, down 9c from $5.26 in August but up $1.89 from $3.28 in September 2007. Farmers received an average of $8.39 per cwt for grain sorghum in September, down 1c from $8.40 in August but up $2.22 from $6.17 in September 2007. The average price paid for oats in September was $2.92, down 23c from $3.15 in August but 45c above the year-ago level.
The U.S.D.A. index for September prices received for oil-bearing crops was 189, down 17% from a revised 228 in August but 44% above 131 in September 2007. The national average price paid to farmers for soybeans was $11.70 a bu, down $1.10 from $12.80 in August and down $3.55 from $8.15 in September 2007.
The September index for dairy products was 138, down 2.1% from a revised 141 in August and down 17% from 167 in September 2007. The average price paid for manufacturing grade milk in September was $17.40 per cwt, down 20c from $17.60 in August and down $2.70 from $20.10 in September 2007.
The egg and poultry index was 149 in September, down 1.3% from 151 in August but unchanged from a year ago. The average price paid to farmers for all eggs was $1 per dozen in September, up 3c from 97c in August but down 7c from $1.07 in September 2007.