May all wheat up 15c at $8.19 a bu

by Staff
Share This:

WASHINGTON — The preliminary national average price received by farmers for all wheat in May was $8.19 per bu, up 15c from $8.04 in April and up $3.86 from $4.33 in May 2010, the U.S. Department of Agriculture said in its latest Agricultural Prices report.

The average price paid for winter wheat in May was $7.70 a bu, up 31c from $7.39 in April and up $3.49 from $4.21 in May 2010. The average price paid for durum was $8.44 a bu, down 16c from $8.60 in April but up $4.16 from $4.28 in May 2010. Spring wheat other than durum averaged $9.20 per bu, up 53c from $8.67 in April and up $4.59 from $4.61 in May 2010.

The average price paid for rough rice in May was $13.40 a cwt, up 40c from $13 in April but down 40c from $13.80 a year ago.

The May index of prices received for food grains was 256 compared with the 1990-92 base of 100, up 4.5% from 245 the previous month and up 62% from 158 in May 2010.

The May index for feed grains was 259, down 1.1% from 262 the previous month but up 70% from 152 in May 2010. The average price paid to farmers for corn was $6.15 a bu, down 20c from $6.35 in April but up $2.67 from $3.48 in May 2010. Farmers received an average of $10.80 a cwt for grain sorghum in May, down 90c from $11.70 in April but up $5.11 from $5.69 in May 2010. The average price paid for oats in May was $3.49 a bu, down 4c from $3.53 in April but up $1.30 from $2.19 in May 2010.

The index of May prices received for oilseeds was 233, down 1% from 235 in April but up 39% from 168 in May 2010. Farmers received an average of $13 a bu for soybeans in May, down 10c from $13.10 in April but up $3.59 from $9.41 in May 2010.

The May index for dairy products was 149, down 1% from 150 in April but up 30% from 115 in May 2010. The average price for all milk was $20.50 a cwt, down 70c from $21.20 in April but up $4.70 from $15.80 a year ago.

The May poultry and egg index was 155, down 2% from 158 in April but up 3% from 150 in May 2010. The average price paid to farmers for all eggs in May was $1.05 a dozen, down 4c from $1.09 in April but up 25c from 80c in May 2010.

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








The views expressed in the comments section of Baking Business News do not reflect those of Baking 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.