January 5, 2012
US December wheat price up on-year
The preliminary US average price received by farmers for all wheat in December was US$6.45 per bushel, down 81¢ from US$7.26 in November but up 1¢ from US$6.44 in December 2010, the USDA[x2] said in its latest Agricultural Prices report.
The average price paid for winter wheat in December was US$5.93 a bushel, down 49¢ from US$6.42 in November and down 47¢ from US$6.40 in December 2010. The average price paid for durum was US$10.40 a bushel, unchanged from November but up US$4.69 from US$5.71 a year earlier. Spring wheat other than durum averaged US$7.63 a bushel, down 83¢ from US$8.46 in November but up US$1.03 from US$6.60 in December 2010.
The average price paid for rough rice in December was US$15.10 a cwt, up 60¢ from US$14.50 in November and up US$1.30 from US$13.80 a year earlier.
The December index of prices received by farmers for food grains was 217 compared with the 1990-92 base of 100, down 8% from 235 the previous month but up 2% from 213 in December 2010.
The December index of feed grains was 238, down 6% from 253 in November but up 18% from 202 in December 2010. The average price paid to farmers for corn was US$5.44 a bushel, down 40¢ from US$5.84 in November but up 62¢ from US$4.82 in December 2010. Farmers received an average of US$10.10 a cwt for grain sorghum in December, down 60¢ from US$10.70 in November but up US$1.31 from US$8.79 in December 2010. The average price paid for oats in December was US$3.31 a bushel, down 5¢ from US$3.36 in November but up 37¢ from US$2.94 in December 2010.
The index of December prices received for oilseeds was 206, down 4% from 215 in November but up 4% from 199 in December 2010. Farmers received an average of US$11.10 a bushel for soy in December, down 60¢ from US$11.70 in November and down 50¢ from US$11.60 in December 2010.
