Indiana Soybeans Price — USDA NASS Monthly & MYA Data
Indiana 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
Indiana vs the US average, last 24 months of USDA NASS data
| Month | Indiana price | US average |
|---|---|---|
| 2020-01 | $9.22/bu | $8.84/bu |
| 2020-02 | $9.04/bu | $8.60/bu |
| 2020-03 | $9.01/bu | $8.47/bu |
| 2020-04 | $8.64/bu | $8.35/bu |
| 2020-05 | $8.62/bu | $8.28/bu |
| 2020-06 | $8.70/bu | $8.34/bu |
| 2020-07 | $8.87/bu | $8.50/bu |
| 2020-08 | $8.80/bu | $8.66/bu |
| 2020-09 | $9.44/bu | $9.24/bu |
| 2020-10 | $9.81/bu | $9.63/bu |
| 2020-11 | $10.30/bu | $10.30/bu |
| 2020-12 | $10.80/bu | $10.60/bu |
| 2021-01 | $10.90/bu | $10.90/bu |
| 2021-02 | $12.60/bu | $12.70/bu |
| 2021-03 | $13.00/bu | $13.20/bu |
| 2021-04 | $14.00/bu | $13.90/bu |
| 2021-05 | $15.00/bu | $14.80/bu |
| 2021-06 | $14.40/bu | $14.50/bu |
| 2021-07 | $14.30/bu | $14.10/bu |
| 2021-08 | $13.60/bu | $13.70/bu |
| 2021-09 | $12.40/bu | $12.20/bu |
| 2021-10 | $11.90/bu | $11.90/bu |
| 2021-11 | $12.20/bu | $12.10/bu |
| 2021-12 | $12.70/bu | $12.50/bu |
| 2022-01 | $12.90/bu | $12.90/bu |
| 2022-02 | $14.60/bu | $14.70/bu |
| 2022-03 | $15.50/bu | $15.40/bu |
| 2022-04 | $15.90/bu | $15.80/bu |
| 2022-05 | $16.00/bu | $16.10/bu |
| 2022-06 | $17.00/bu | $16.40/bu |
| 2022-07 | $16.00/bu | $15.50/bu |
| 2022-08 | $15.40/bu | $15.30/bu |
| 2022-09 | $14.50/bu | $14.20/bu |
| 2022-10 | $13.60/bu | $13.50/bu |
| 2022-11 | $14.10/bu | $14.00/bu |
| 2022-12 | $14.80/bu | $14.40/bu |
| 2023-01 | $14.40/bu | $14.50/bu |
| 2023-02 | $15.10/bu | $15.10/bu |
| 2023-03 | $15.10/bu | $14.90/bu |
| 2023-04 | $15.10/bu | $14.90/bu |
| 2023-05 | $14.80/bu | $14.40/bu |
| 2023-06 | $14.50/bu | $14.20/bu |
| 2023-07 | $15.10/bu | $14.70/bu |
| 2023-08 | $14.50/bu | $14.10/bu |
| 2023-09 | $13.20/bu | $13.20/bu |
| 2023-10 | $12.80/bu | $12.70/bu |
| 2023-11 | $13.10/bu | $13.00/bu |
| 2023-12 | $13.40/bu | $13.10/bu |
| 2024-01 | $13.20/bu | $12.80/bu |
| 2024-02 | $12.40/bu | $11.90/bu |
| 2024-03 | $12.50/bu | $11.80/bu |
| 2024-04 | $12.10/bu | $11.80/bu |
| 2024-05 | $12.20/bu | $11.90/bu |
| 2024-06 | $12.40/bu | $11.80/bu |
| 2024-07 | $11.80/bu | $11.30/bu |
| 2024-08 | $10.40/bu | $10.30/bu |
| 2024-09 | $10.50/bu | $10.20/bu |
| 2024-10 | $10.20/bu | $9.91/bu |
| 2024-11 | $10.20/bu | $9.84/bu |
| 2024-12 | $10.10/bu | $9.79/bu |
| 2025-01 | $10.40/bu | $10.00/bu |
| 2025-02 | $10.50/bu | $10.20/bu |
| 2025-03 | $10.50/bu | $10.20/bu |
| 2025-04 | $10.40/bu | $10.20/bu |
| 2025-05 | $10.90/bu | $10.40/bu |
| 2025-06 | $10.80/bu | $10.40/bu |
| 2025-07 | $10.60/bu | $10.20/bu |
| 2025-08 | $10.30/bu | $10.00/bu |
| 2025-09 | $10.10/bu | $9.93/bu |
| 2025-10 | $9.91/bu | $9.69/bu |
| 2025-11 | $10.60/bu | $10.50/bu |
| 2025-12 | $10.60/bu | $10.30/bu |
| 2026-01 | $10.50/bu | $10.30/bu |
| 2026-02 | $10.90/bu | $10.60/bu |
| 2026-03 | $11.40/bu | $11.10/bu |
| 2026-04 | $11.60/bu | $11.20/bu |
| 2026-05 | $11.80/bu | $11.60/bu |
| 2026-06 | $11.70/bu | $11.30/bu |
| 2026-07 | $11.90/bu | $11.60/bu |
| 2026-08 | $12.10/bu | $12.10/bu |
How Indiana 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 Indiana Soybeans farmers
Indiana soybeans averaged $12.10 per bushel in August 2026, matching the national average exactly, which means local basis factors such as transportation costs and elevator competition are currently offering producers no premium or discount relative to the broader U.S. market. That alignment to the national price is worth noting because state-level gaps to the U.S. average typically reflect logistics and local buyer concentration rather than any difference in crop quality. Looking further back, this year's marketing-year-average for Indiana stands at $10.70 per bushel, up $0.30 from last year's finalized MYA of $10.40, a modest but meaningful improvement that adds roughly $0.30 to gross revenue on every bushel marketed across the season. The six-month trend also shows a steady climb from $11.40 in March to the current $12.10, suggesting improving demand or tightening supply conditions heading into late summer.
For marketing decisions, the distinction between acting on a single monthly print and planning off the MYA carries real financial consequences. Locking in a forward contract based on August's $12.10 print can make sense if your cost of production is well below that level and you want to protect margin on a portion of bushels, but you should not assume that price represents what you will receive across all sales during the crop year. The MYA of $10.70, which blends prices across every month of the marketing year, is the figure that best approximates your realized average revenue when you spread sales over time, and it is the number that belongs in your annual income projection and loan repayment planning. Using a peak monthly price as your revenue assumption risks overstating income by as much as $1.40 per bushel, a gap that compounds quickly across a large operation.
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Frequently asked questions — Indiana Soybeans price
Why does Indiana's soybean price of $12.1/bushel match the US average exactly in August 2026?
Indiana's August 2026 soybean price of $12.1/bushel aligns with the US average because the state's local basis—reflecting transportation costs, elevator competition, and regional supply-demand balance—is currently neutral relative to the national benchmark. Basis conditions can shift month to month, so Indiana farmers should monitor local elevator bids alongside USDA state prices to detect any emerging premium or discount before locking in sales contracts.
What is the difference between Indiana's August 2026 soybean price of $12.1/bushel and the marketing-year-average of $10.7/bushel?
The $12.1/bushel figure represents the USDA-reported average price received by Indiana farmers during the single month of August 2026, while the $10.7/bushel marketing-year-average (MYA) reflects the weighted average price across the entire September 2025–August 2026 marketing year. The $1.40/bushel gap indicates that prices strengthened significantly later in the marketing year, which is important context when benchmarking new-crop contracts or evaluating the timing of past sales decisions.
How frequently does USDA update Indiana soybean price data, and when should I expect the next revision?
USDA's National Agricultural Statistics Service (NASS) releases state-level soybean prices monthly through the Agricultural Prices report, typically published on the last business day of each month. Farmers and agronomists should check each new release because early-season estimates can be revised as more survey responses are collected, meaning a price printed in one month may be adjusted in subsequent reports.
How can I use Indiana's soybean price data alongside yield estimates to project my farm's gross revenue per acre?
To estimate gross revenue, multiply your expected or actual yield in bushels per acre by the relevant price—for example, a 55 bu/acre yield at the August 2026 price of $12.1/bushel projects $665.50 per acre, while using the $10.7/bushel MYA yields $588.50 per acre, a difference of $77 per acre. Using the MYA rather than a single monthly price gives a more conservative, full-season revenue estimate that better reflects the blended return across all your sales, making it the preferred figure for input-cost breakeven and cash-flow analysis.