Advertise in Print | Subscriptions
Published June 02, 2014, 09:46 AM

Average farm prices up from May 2013

The May All Farm Products Index is 114 percent of its 2011 base, down 0.9 percent from the April index, but 3.6 percent above the May 2013 index. The index, at 98, increased 1 percent from April but is 10 percent below May 2013. Index increases for fruit and tree nut production more than offset the index decreases for oilseeds and grains and vegetable and melon production.

By: U.S. Department of Agriculture,

The May All Farm Products Index is 114 percent of its 2011 base, down 0.9 percent from the April index, but 3.6 percent above the May 2013 index. The index, at 98, increased 1 percent from April but is 10 percent below May 2013. Index increases for fruit and tree nut production more than offset the index decreases for oilseeds and grains and vegetable and melon production.

Wheat

The May index, at 103, is 4 percent higher than the previous month but 2.8 percent lower than a year ago. The price for all wheat, at $7.14 per bushel, is up 32 cents from April but 54 cents below May 2013.

Corn

The May index, at 79, is unchanged from April but 32 percent below a year ago. The corn price, at $4.71 per bushel, is unchanged from April but $2.26 below May 2013. Sorghum grain, at $8.25 per hundredweight, is 30 cents below April and $3.15 below May last year.

Soybeans

The May index, at 114, is up 0.9 percent from April but 3.4 percent lower than May 2013. The soybean price, at $14.50 per bushel, increased 20 cents from April but is 40 cents below May 2013.

Tags: