January Corn, Soybean Prices Up

January Corn, Soybean Prices Up

All-milk price down last month.

Prices received by Minnesota farmers for corn for January averaged $5.70 per bushel, an increase of $0.18 from the December price according to the USDA NASS Minnesota Field Office.

Soybeans were up $0.30 to a January price of $11.50 per bushel.

The all-milk price for January, at $20.40 per cwt., was down $0.60 from December.

The preliminary U.S. All Farm Products Index of Prices Received by Farmers in January, at 186%, based on 1990-92=100, increased 7 points (3.9%) from December. The Crop Index increased 10 points, but the Livestock Index was down 1 point (0.6%) from December.

Source: USDA NASS Minnesota Field Office
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