Indiana Wheat Price — USDA NASS Monthly & MYA Data
Indiana Wheat price reached $6.31/bu in August 2026 — about $0.08/bu above the US average of $6.23/bu. Monthly price received by producers, sourced directly from USDA NASS.
Wheat monthly price trend
Indiana vs the US average, last 24 months of USDA NASS data
| Month | Indiana price | US average |
|---|---|---|
| 2020-01 | $5.48/bu | $4.88/bu |
| 2020-02 | $5.32/bu | $4.88/bu |
| 2020-03 | $5.43/bu | $4.86/bu |
| 2020-04 | $5.47/bu | $4.85/bu |
| 2020-05 | $5.44/bu | $4.76/bu |
| 2020-06 | $5.23/bu | $4.57/bu |
| 2020-07 | $5.18/bu | $4.54/bu |
| 2020-08 | $5.34/bu | $4.54/bu |
| 2020-09 | $5.62/bu | $4.73/bu |
| 2020-10 | $5.78/bu | $4.98/bu |
| 2020-11 | $5.95/bu | $5.24/bu |
| 2020-12 | $6.15/bu | $5.46/bu |
| 2021-01 | $5.75/bu | $5.48/bu |
| 2021-02 | $5.93/bu | $5.83/bu |
| 2021-07 | $6.18/bu | $6.26/bu |
| 2021-08 | $6.63/bu | $7.14/bu |
| 2021-09 | $6.51/bu | $7.75/bu |
| 2021-10 | $6.42/bu | $7.92/bu |
| 2021-11 | $7.45/bu | $8.52/bu |
| 2021-12 | $6.84/bu | $8.59/bu |
| 2022-01 | $6.83/bu | $8.48/bu |
| 2022-02 | $7.89/bu | $9.16/bu |
| 2022-03 | $8.92/bu | $9.93/bu |
| 2022-04 | $7.63/bu | $10.20/bu |
| 2022-05 | $6.88/bu | $10.90/bu |
| 2022-06 | $8.50/bu | $9.61/bu |
| 2022-07 | $7.99/bu | $8.69/bu |
| 2022-08 | $7.71/bu | $8.55/bu |
| 2022-09 | $8.13/bu | $8.78/bu |
| 2022-10 | $8.84/bu | $9.18/bu |
| 2022-11 | $7.64/bu | $9.15/bu |
| 2022-12 | $8.28/bu | $8.97/bu |
| 2023-01 | $7.90/bu | $8.81/bu |
| 2023-02 | $7.73/bu | $8.54/bu |
| 2023-03 | $7.55/bu | $8.35/bu |
| 2023-04 | $7.31/bu | $8.31/bu |
| 2023-05 | $7.00/bu | $8.07/bu |
| 2023-07 | $6.45/bu | $7.61/bu |
| 2023-08 | $6.23/bu | $7.34/bu |
| 2023-09 | $5.92/bu | $7.06/bu |
| 2023-10 | $6.12/bu | $6.96/bu |
| 2023-11 | $5.26/bu | $6.52/bu |
| 2023-12 | $6.56/bu | $6.79/bu |
| 2024-01 | $6.70/bu | $6.77/bu |
| 2024-02 | $5.83/bu | $6.34/bu |
| 2024-03 | $5.53/bu | $6.01/bu |
| 2024-04 | $5.47/bu | $5.90/bu |
| 2024-05 | $6.03/bu | $6.19/bu |
| 2024-06 | $5.72/bu | $5.86/bu |
| 2024-07 | $5.55/bu | $5.52/bu |
| 2024-08 | $5.23/bu | $5.23/bu |
| 2024-09 | $5.54/bu | $5.36/bu |
| 2024-10 | $4.82/bu | $5.47/bu |
| 2024-11 | $5.29/bu | $5.45/bu |
| 2024-12 | $5.98/bu | $5.49/bu |
| 2025-01 | $5.66/bu | $5.52/bu |
| 2025-02 | $5.92/bu | $5.59/bu |
| 2025-03 | $5.49/bu | $5.71/bu |
| 2025-04 | $5.32/bu | $5.61/bu |
| 2025-05 | $4.66/bu | $5.58/bu |
| 2025-06 | $5.32/bu | $5.28/bu |
| 2025-07 | $5.35/bu | $4.94/bu |
| 2025-08 | $5.12/bu | $4.84/bu |
| 2025-09 | $5.66/bu | $4.76/bu |
| 2025-10 | $5.25/bu | $4.73/bu |
| 2025-11 | $5.19/bu | $4.90/bu |
| 2025-12 | $5.51/bu | $5.03/bu |
| 2026-01 | $5.52/bu | $5.07/bu |
| 2026-02 | $5.44/bu | $5.15/bu |
| 2026-03 | $5.75/bu | $5.52/bu |
| 2026-04 | $5.96/bu | $5.70/bu |
| 2026-06 | $5.85/bu | $5.70/bu |
| 2026-07 | $5.90/bu | $6.06/bu |
| 2026-08 | $6.31/bu | $6.23/bu |
How Indiana compares
Top Wheat-producing states, August 2026 price
| State | Price | vs US avg |
|---|---|---|
| Pennsylvania | $6.96/bu | +11.7% |
| Colorado | $6.88/bu | +10.4% |
| North Carolina | $6.86/bu | +10.1% |
| Kansas | $6.84/bu | +9.8% |
| Nebraska | $6.67/bu | +7.1% |
| Oklahoma | $6.64/bu | +6.6% |
| Missouri | $6.4/bu | +2.7% |
| South Dakota | $6.34/bu | +1.8% |
What this price means for Indiana Wheat farmers
Indiana wheat prices reached $6.31 per bushel in August 2026, sitting $0.08 above the national average of $6.23 per bushel for the same month. That modest premium over the US figure is largely a function of state-level basis conditions — local elevator competition, proximity to grain terminals, and regional transport costs — rather than any meaningful difference in crop quality between Indiana and other producing states. Looking beyond the single monthly read, Indiana's current marketing-year-average price stands at $5.38 per bushel, down $0.15 from the prior year's finalized MYA of $5.53, a shift that reflects broader soft wheat market pressure playing out across the 2025-26 crop year. Note that the current MYA figure is still preliminary and subject to revision as additional months are reported.
When it comes to marketing decisions, the August spot price of $6.31 can be a useful reference point if you are evaluating a forward contract or comparing elevator bids right now, but anchoring your whole-farm revenue plan to a single monthly print is a risky move. Monthly prices in Indiana swung from $5.44 in February to $6.31 by August, a range of nearly $0.90 per bushel over just six months, which illustrates how much volatility can distort any one observation. The marketing-year-average, currently tracking at $5.38, smooths across that seasonal noise and gives you the more reliable baseline for projecting gross wheat revenue in annual budgets, loan collateral discussions, or crop insurance benchmarking. If the August rally tempts you toward locking in a forward contract, compare that price against your cost of production and the MYA trend first, rather than treating one strong month as the new price floor.
Revenue calculator
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Frequently asked questions — Indiana Wheat price
Why is Indiana's August 2026 wheat price of $6.31/bushel higher than the US average of $6.23/bushel?
Indiana's wheat price sits $0.08/bushel above the national average of $6.23, a difference known as the state basis, which reflects local supply-and-demand conditions, proximity to end-use buyers, and regional transportation costs. Indiana's access to Great Lakes shipping routes and nearby flour mills can support a modest price premium over more isolated production regions. Farmers should track this basis trend over time to evaluate whether forward-contracting at the local elevator captures a reliable advantage relative to national benchmarks.
What is the difference between Indiana's August 2026 monthly wheat price of $6.31/bushel and the marketing-year-average price of $5.38/bushel?
The monthly price of $6.31/bushel reflects what Indiana farmers received specifically during August 2026, while the marketing-year-average (MYA) of $5.38/bushel represents the weighted average price across the entire June 2025–May 2026 marketing year. The $0.93/bushel gap indicates that August pricing was significantly stronger than the seasonal average, often because early-harvest supply pressure earlier in the year pushed prices lower. Agronomists and lenders use the MYA price for annual revenue analysis and crop insurance benchmarks, making it a more conservative and widely applicable planning figure than any single month's price.
How frequently does USDA update Indiana wheat price data, and when should I check for new figures?
USDA's National Agricultural Statistics Service (NASS) releases state-level commodity prices monthly through its Agricultural Prices report, typically published near the end of each month for the prior reference period. Indiana wheat prices are included in these releases and are subject to revision as additional survey data are collected. Farmers and agronomists making near-term marketing decisions should check for the latest release date on the USDA NASS website to ensure they are working with the most current and finalized figures.
How can I use Indiana's wheat price data alongside yield data to estimate expected revenue per acre?
To estimate revenue per acre, multiply Indiana's relevant wheat price by your expected or actual yield; for example, at $6.31/bushel with a 70 bu/acre yield, gross revenue would be approximately $441.70 per acre for August-delivered wheat. If you are planning for an entire season, using the MYA price of $5.38/bushel provides a more conservative revenue estimate of $376.60 per acre at that same yield, which is better suited for break-even and loan repayment analysis. Comparing both figures against your cost of production helps you determine optimal harvest timing, storage decisions, and whether forward contracts or cash sales best protect your margin.