October Farm Prices Dip

Corn, soybean and hay prices are down compared to September prices while wheat, oats and milk are up.

Published on: Nov 4, 2013

The preliminary October 2013 average price received for corn in Minnesota was $4.50 per bushel, according to the Minnesota Field Office of the USDA National Agricultural Statistics Service.

This was a decrease of $1.19 from the September price and a decrease of $2.06 from October 2012.

The preliminary October soybean price, at $12.60 per bushel, was down $0.70 from September and down $1.50 from the previous October.

The preliminary October all-wheat price averaged $7.00 per bushel, up 34 cents from September but down $1.63 from October 2012.

The preliminary October oat price averaged $3.50 per bushel, up $0.07 from September but down $0.07 from October 2012.

October Farm Prices Dip
October Farm Prices Dip

All hay prices in Minnesota averaged $151.00 per ton in October, down $9.00 from September and down $10.00 from October 2012. Alfalfa hay prices averaged $180.00, down $10.00 from September and down $20.00 from the previous October while other hay prices averaged $120.00, unchanged from both the previous month and the previous year.

The preliminary October average price for all milk, at $20.20 per cwt., was up $0.10 from the September price. However, a year ago, the October milk price was $23.50.