Iowa Soybeans Price — USDA NASS Monthly & MYA Data
Iowa Soybeans price reached $12.10/bu in August 2026 — about $0.00/bu above the US average of $12.10/bu. Monthly price received by producers, sourced directly from USDA NASS.
Soybeans monthly price trend
Iowa vs the US average, last 24 months of USDA NASS data
| Month | Iowa price | US average |
|---|---|---|
| 2020-01 | $8.73/bu | $8.84/bu |
| 2020-02 | $8.56/bu | $8.60/bu |
| 2020-03 | $8.43/bu | $8.47/bu |
| 2020-04 | $8.35/bu | $8.35/bu |
| 2020-05 | $8.28/bu | $8.28/bu |
| 2020-06 | $8.27/bu | $8.34/bu |
| 2020-07 | $8.48/bu | $8.50/bu |
| 2020-08 | $8.64/bu | $8.66/bu |
| 2020-09 | $9.24/bu | $9.24/bu |
| 2020-10 | $9.59/bu | $9.63/bu |
| 2020-11 | $10.30/bu | $10.30/bu |
| 2020-12 | $10.90/bu | $10.60/bu |
| 2021-01 | $11.30/bu | $10.90/bu |
| 2021-02 | $12.70/bu | $12.70/bu |
| 2021-03 | $13.30/bu | $13.20/bu |
| 2021-04 | $13.80/bu | $13.90/bu |
| 2021-05 | $14.80/bu | $14.80/bu |
| 2021-06 | $14.70/bu | $14.50/bu |
| 2021-07 | $14.40/bu | $14.10/bu |
| 2021-08 | $13.70/bu | $13.70/bu |
| 2021-09 | $12.30/bu | $12.20/bu |
| 2021-10 | $11.90/bu | $11.90/bu |
| 2021-11 | $12.20/bu | $12.10/bu |
| 2021-12 | $12.50/bu | $12.50/bu |
| 2022-01 | $12.90/bu | $12.90/bu |
| 2022-02 | $14.50/bu | $14.70/bu |
| 2022-03 | $15.00/bu | $15.40/bu |
| 2022-04 | $15.40/bu | $15.80/bu |
| 2022-05 | $15.90/bu | $16.10/bu |
| 2022-06 | $16.20/bu | $16.40/bu |
| 2022-07 | $15.50/bu | $15.50/bu |
| 2022-08 | $15.30/bu | $15.30/bu |
| 2022-09 | $14.20/bu | $14.20/bu |
| 2022-10 | $13.40/bu | $13.50/bu |
| 2022-11 | $14.20/bu | $14.00/bu |
| 2022-12 | $14.50/bu | $14.40/bu |
| 2023-01 | $14.60/bu | $14.50/bu |
| 2023-02 | $15.00/bu | $15.10/bu |
| 2023-03 | $14.90/bu | $14.90/bu |
| 2023-04 | $14.80/bu | $14.90/bu |
| 2023-05 | $14.50/bu | $14.40/bu |
| 2023-06 | $14.20/bu | $14.20/bu |
| 2023-07 | $14.70/bu | $14.70/bu |
| 2023-08 | $14.10/bu | $14.10/bu |
| 2023-09 | $13.10/bu | $13.20/bu |
| 2023-10 | $12.60/bu | $12.70/bu |
| 2023-11 | $13.20/bu | $13.00/bu |
| 2023-12 | $13.00/bu | $13.10/bu |
| 2024-01 | $12.60/bu | $12.80/bu |
| 2024-02 | $11.70/bu | $11.90/bu |
| 2024-03 | $11.70/bu | $11.80/bu |
| 2024-04 | $12.10/bu | $11.80/bu |
| 2024-05 | $11.90/bu | $11.90/bu |
| 2024-06 | $11.70/bu | $11.80/bu |
| 2024-07 | $11.20/bu | $11.30/bu |
| 2024-08 | $10.10/bu | $10.30/bu |
| 2024-09 | $9.99/bu | $10.20/bu |
| 2024-10 | $9.82/bu | $9.91/bu |
| 2024-11 | $9.85/bu | $9.84/bu |
| 2024-12 | $9.67/bu | $9.79/bu |
| 2025-01 | $9.86/bu | $10.00/bu |
| 2025-02 | $10.00/bu | $10.20/bu |
| 2025-03 | $10.00/bu | $10.20/bu |
| 2025-04 | $10.10/bu | $10.20/bu |
| 2025-05 | $10.30/bu | $10.40/bu |
| 2025-06 | $10.30/bu | $10.40/bu |
| 2025-07 | $10.20/bu | $10.20/bu |
| 2025-08 | $9.91/bu | $10.00/bu |
| 2025-09 | $9.72/bu | $9.93/bu |
| 2025-10 | $9.72/bu | $9.69/bu |
| 2025-11 | $10.60/bu | $10.50/bu |
| 2025-12 | $10.40/bu | $10.30/bu |
| 2026-01 | $10.20/bu | $10.30/bu |
| 2026-02 | $10.50/bu | $10.60/bu |
| 2026-03 | $10.90/bu | $11.10/bu |
| 2026-04 | $11.10/bu | $11.20/bu |
| 2026-05 | $11.40/bu | $11.60/bu |
| 2026-06 | $11.20/bu | $11.30/bu |
| 2026-07 | $11.60/bu | $11.60/bu |
| 2026-08 | $12.10/bu | $12.10/bu |
How Iowa compares
Top Soybeans-producing states, August 2026 price
| State | Price | vs US avg |
|---|---|---|
| North Carolina | $12.4/bu | +2.5% |
| Ohio | $12.4/bu | +2.5% |
| Illinois | $12.2/bu | +0.8% |
| Missouri | $12.2/bu | +0.8% |
| Indiana | $12.1/bu | +0% |
| Iowa | $12.1/bu | +0% |
| Kansas | $12.1/bu | +0% |
| Nebraska | $12.1/bu | +0% |
What this price means for Iowa Soybeans farmers
Iowa soybeans came in at $12.10 per bushel in August 2026, matching the national average exactly, meaning no basis gap exists between Iowa and the broader US market at this snapshot in time. That alignment is worth noting because state-to-national price differences are almost always driven by local logistics — proximity to crush facilities, river barge access, and elevator competition — rather than any difference in grain quality between states. Looking further back, the current marketing-year-average price for Iowa sits at $10.50 per bushel, up $0.55 from last year's finalized MYA of $9.95, a meaningful improvement that reflects stronger demand conditions carrying through the 2025–26 crop year.
For marketing and selling decisions, it is important not to conflate the August monthly print of $12.10 with what the full year will actually return. Locking in a forward contract based solely on a single strong monthly price can expose an operation to basis risk and timing mismatches if prices soften before delivery windows open. The marketing-year-average of $10.50 per bushel — built from months ranging as low as $10.90 in March through the recent August high — is the figure that belongs in your annual revenue budget, since it smooths out the volatility that any one month can distort. Use the monthly cash price as a trigger for evaluating opportunistic sales or hedges, but anchor your breakeven analysis and input cost recovery planning firmly to the MYA.
Revenue calculator
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Frequently asked questions — Iowa Soybeans price
Why does the Iowa soybean price of $12.1/bushel match the US average exactly in August 2026?
Iowa's soybean price occasionally aligns with the national average when local basis conditions — reflecting transportation costs, elevator competition, and regional supply-demand balance — net out to zero relative to the benchmark. A $0/bushel difference suggests Iowa elevators are pricing soybeans in line with the national composite, which can indicate balanced regional demand or that crush and export logistics are functioning efficiently. Farmers should still check local cash bids, as county-level prices can vary meaningfully from the state average.
What is the difference between Iowa's August 2026 soybean price of $12.1/bushel and the marketing-year-average price of $10.5/bushel?
The $12.1/bushel figure represents the USDA-estimated average price received by Iowa farmers during the single month of August 2026, while the $10.5/bushel marketing-year-average (MYA) reflects the weighted average price across the entire September 2025–August 2026 marketing year. The $1.60/bushel gap indicates that late-season prices were considerably stronger than earlier in the crop year, which is relevant for evaluating whether holding grain into summer was advantageous. The MYA price is also the figure used to calculate Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) program payments.
How frequently does USDA update Iowa soybean price data, and when should I expect the next revision?
USDA's National Agricultural Statistics Service (NASS) publishes monthly state-level prices received in its Agricultural Prices report, typically released on the last business day of the following month. These estimates can be revised in subsequent monthly reports as additional survey data are collected from elevators and dealers. Farmers and agronomists should treat the most recently published figure as a preliminary estimate and monitor NASS releases for any upward or downward revisions before finalizing marketing plans.
How can I use Iowa's $12.1/bushel soybean price alongside yield data to estimate my per-acre revenue?
Multiply the Iowa average soybean yield for your county or field — available from USDA NASS county estimates or your own records — by the $12.1/bushel price to calculate estimated gross revenue per acre; for example, a 55 bu/acre yield would project $665.50/acre. Using the marketing-year-average of $10.5/bushel instead provides a more conservative, full-season revenue estimate of $577.50/acre at the same yield, which better reflects income spread across multiple sales. Comparing both figures helps you assess the value of storage strategies and forward contracting relative to your actual cost of production.