Worldgrain.com reports the preliminary national average price received by farmers for all wheat in October was $6.08 per bushel, up 25¢ from $5.83 in September and up $1.61 from $4.47 in October 2009, the U.S. Department of Agriculture (USDA) said in its latest Agricultural Prices report.
The average price paid for winter wheat in October was $5.98 a bushel, up 18¢ from $5.80 in September and up $1.71 from $4.27 in October 2009. The average price paid for durum was $5.54 a bushel, up 84¢ from $4.70 in September and up 68¢ from $4.86 in October 2009. Spring wheat other than durum averaged $6.35 a bushel, up 35¢ from $6 in September and up $1.35 from $5 in October 2009.
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