Corn, Soybean Prices Up, Report Says

USDA NASSNorthwest Iowa — The average price received by farmers for corn during May in Iowa was $3.60 per bushel according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This was up $0.08 from the April price, but $0.01 lower than May 2015, according to the report.

The report says the May 2016 average price received by farmers for soybeans, at $9.61 per bushel, was $0.68 more than the April price and $0.11 higher than the May 2015 price.

The May average oat price per bushel was $2.53, down $0.01 from April, and $0.45 below May 2015, according to the report.

All hay prices in Iowa averaged $92.00 per ton in May, which is $28.00 per ton less than May 2015. Alfalfa hay prices fell $32.00 per ton from one year ago, to $96.00 and other hay prices were $12.00 per ton lower than last year, at $85.00, the report says.

For a look at the complete report, click here.

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