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Published August 04, 2014, 09:38 AM

Average farm prices down from June

The July All Farm Products Index is 108 percent of its 2011 base, down 3.6 percent from the June index, but up 0.9 percent from the July 2013 index.

By: U.S. Department of Agriculture,

The July All Farm Products Index is 108 percent of its 2011 base, down 3.6 percent from the June index, but up 0.9 percent from the July 2013 index. The July index, at 90, decreased 8.2 percent from June and is 16 percent below July 2013. The index decrease for oilseeds and grains led the decline in the crop production index.

Wheat

The July index, at 84, is 6.7 percent below the previous month and 12 percent below a year ago. The July price for all wheat, at $6.10 per bushel, is down 39 cents from June and is 85 cents lower than July 2013.

Corn

The July index, at 64, is down 15 percent from June and 43 percent below a year ago. The corn price, at $3.80 per bushel, is down 69 cents from June and $2.99 below July 2013. Sorghum grain, at $7.16 per hundredweight, is 37 cents below June and $2.47 lower than July last year.

Soybeans

The July index, at 100, is down 11 percent from June and 17 percent lower than July 2013. The soybean price, at $12.70 per bushel, decreased $1.70 from June and is $2.60 below July 2013.

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