Kentucky Soybeans Price — USDA NASS Monthly & MYA Data
Kentucky Soybeans price reached $12.20/bu in July 2026 — about $0.60/bu above the US average of $11.60/bu. Monthly price received by producers, sourced directly from USDA NASS.
Soybeans monthly price trend
Kentucky vs the US average, last 24 months of USDA NASS data
| Month | Kentucky price | US average |
|---|---|---|
| 2020-01 | $9.22/bu | $8.84/bu |
| 2020-02 | $9.00/bu | $8.60/bu |
| 2020-03 | $8.99/bu | $8.47/bu |
| 2020-04 | $8.63/bu | $8.35/bu |
| 2020-05 | $8.52/bu | $8.28/bu |
| 2020-06 | $8.71/bu | $8.34/bu |
| 2020-07 | $8.98/bu | $8.50/bu |
| 2020-08 | $9.16/bu | $8.66/bu |
| 2020-09 | $9.51/bu | $9.24/bu |
| 2020-10 | $9.69/bu | $9.63/bu |
| 2020-11 | $10.20/bu | $10.30/bu |
| 2020-12 | $10.30/bu | $10.60/bu |
| 2021-01 | $10.80/bu | $10.90/bu |
| 2021-02 | $12.10/bu | $12.70/bu |
| 2021-03 | $12.60/bu | $13.20/bu |
| 2021-04 | $13.10/bu | $13.90/bu |
| 2021-05 | $14.10/bu | $14.80/bu |
| 2021-06 | $13.80/bu | $14.50/bu |
| 2021-07 | $14.00/bu | $14.10/bu |
| 2021-08 | $13.30/bu | $13.70/bu |
| 2021-09 | $11.80/bu | $12.20/bu |
| 2021-10 | $12.00/bu | $11.90/bu |
| 2021-11 | $12.10/bu | $12.10/bu |
| 2021-12 | $12.40/bu | $12.50/bu |
| 2022-01 | $12.80/bu | $12.90/bu |
| 2022-02 | $14.10/bu | $14.70/bu |
| 2022-03 | $14.80/bu | $15.40/bu |
| 2022-04 | $15.60/bu | $15.80/bu |
| 2022-05 | $16.00/bu | $16.10/bu |
| 2022-06 | $16.90/bu | $16.40/bu |
| 2022-07 | $15.90/bu | $15.50/bu |
| 2022-08 | $15.00/bu | $15.30/bu |
| 2022-09 | $14.50/bu | $14.20/bu |
| 2022-10 | $13.50/bu | $13.50/bu |
| 2022-11 | $14.00/bu | $14.00/bu |
| 2022-12 | $14.40/bu | $14.40/bu |
| 2023-01 | $14.50/bu | $14.50/bu |
| 2023-02 | $15.00/bu | $15.10/bu |
| 2023-03 | $15.10/bu | $14.90/bu |
| 2023-04 | $15.30/bu | $14.90/bu |
| 2023-05 | $14.70/bu | $14.40/bu |
| 2023-07 | $15.20/bu | $14.70/bu |
| 2023-08 | $14.60/bu | $14.10/bu |
| 2023-09 | $13.50/bu | $13.20/bu |
| 2023-10 | $13.00/bu | $12.70/bu |
| 2023-11 | $13.20/bu | $13.00/bu |
| 2023-12 | $13.30/bu | $13.10/bu |
| 2024-01 | $13.20/bu | $12.80/bu |
| 2024-02 | $12.30/bu | $11.90/bu |
| 2024-03 | $12.00/bu | $11.80/bu |
| 2024-04 | $11.80/bu | $11.80/bu |
| 2024-05 | $12.20/bu | $11.90/bu |
| 2024-06 | $12.20/bu | $11.80/bu |
| 2024-07 | $11.50/bu | $11.30/bu |
| 2024-08 | $10.70/bu | $10.30/bu |
| 2024-09 | $10.60/bu | $10.20/bu |
| 2024-10 | $10.30/bu | $9.91/bu |
| 2024-11 | $10.30/bu | $9.84/bu |
| 2024-12 | $10.40/bu | $9.79/bu |
| 2025-01 | $10.50/bu | $10.00/bu |
| 2025-02 | $10.70/bu | $10.20/bu |
| 2025-03 | $10.40/bu | $10.20/bu |
| 2025-04 | $10.60/bu | $10.20/bu |
| 2025-06 | $10.80/bu | $10.40/bu |
| 2025-07 | $10.50/bu | $10.20/bu |
| 2025-08 | $10.30/bu | $10.00/bu |
| 2025-09 | $10.20/bu | $9.93/bu |
| 2025-10 | $10.30/bu | $9.69/bu |
| 2025-11 | $11.10/bu | $10.50/bu |
| 2025-12 | $11.00/bu | $10.30/bu |
| 2026-01 | $10.80/bu | $10.30/bu |
| 2026-02 | $11.30/bu | $10.60/bu |
| 2026-03 | $11.60/bu | $11.10/bu |
| 2026-04 | $11.90/bu | $11.20/bu |
| 2026-05 | $12.20/bu | $11.60/bu |
| 2026-06 | $11.80/bu | $11.30/bu |
| 2026-07 | $12.20/bu | $11.60/bu |
How Kentucky compares
Top Soybeans-producing states, July 2026 price
| State | Price | vs US avg |
|---|---|---|
| Michigan | $12.3/bu | +6% |
| Kentucky | $12.2/bu | +5.2% |
| North Carolina | $12.2/bu | +5.2% |
| Ohio | $12.1/bu | +4.3% |
| Tennessee | $12/bu | +3.4% |
| Indiana | $11.9/bu | +2.6% |
| Louisiana | $11.9/bu | +2.6% |
| Illinois | $11.8/bu | +1.7% |
What this price means for Kentucky Soybeans farmers
Kentucky soybeans averaged $12.20 per bushel in July 2026, sitting $0.60 above the national average of $11.60 for the same month. That premium over the US figure reflects state-level basis conditions — primarily regional elevator competition and proximity to river export terminals — rather than any difference in crop quality. Looking further back, the current marketing-year-average price of $11.00 per bushel represents a $0.50 gain over last year's finalized MYA of $10.50, a meaningful step up that signals improved underlying demand and tighter carry-out assumptions heading into the new crop year. Producers should treat that MYA figure as preliminary, however, since late-season cash sales and price adjustments can still shift the final calculation.
For marketing decisions, the distinction between a single monthly print and the MYA matters considerably. A July cash price of $12.20 can make a forward contract look attractive in the moment, but locking in a large percentage of next year's expected production based on one month's strength carries real risk if prices soften heading into harvest, as the month-over-month swings from $11.30 in February to $12.20 in July illustrate. The MYA of $11.00 is the more appropriate baseline for annual revenue projections and break-even analysis, because it smooths out those fluctuations across all the months bushels actually move off the farm. Use the monthly price to evaluate specific contracting opportunities and time individual sales, but anchor your whole-operation budget to the MYA so that one strong month does not inflate your income assumptions for the year.
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Frequently asked questions — Kentucky Soybeans price
Why is the Kentucky soybean price of $12.2/bushel higher than the US average of $11.6/bushel in July 2026?
Kentucky's $12.2/bushel price reflects a positive basis of $0.60/bushel above the national average of $11.6/bushel, driven by local factors such as proximity to river terminals, regional export demand, and crush facility competition in the state. Basis conditions in Kentucky can shift with local supply, transportation infrastructure, and seasonal demand from processors, so monitoring this spread regularly helps farmers decide whether to sell locally or explore other markets.
What is the difference between Kentucky's July 2026 soybean price of $12.2/bushel and the marketing-year-average price of $11/bushel?
The $12.2/bushel figure is a single monthly price estimate reported by USDA for July 2026, reflecting market conditions during that specific period, while the $11/bushel marketing-year-average (MYA) price represents the weighted average price received by farmers across the entire crop marketing year. The MYA is the figure used for crop insurance indemnity calculations and farm program payments such as ARC and PLC, so understanding both values is essential for evaluating your actual season-long revenue versus any single-month opportunity.
How frequently does USDA update Kentucky soybean price data, and when should I expect revised figures?
USDA's National Agricultural Statistics Service (NASS) publishes monthly state-level soybean price estimates through its Agricultural Prices report, typically released on the last business day of each month. The marketing-year-average price is revised each month as new data are incorporated and is finalized after the marketing year closes, so early MYA estimates should be treated as preliminary when making long-term marketing decisions.
How can I use Kentucky's $12.2/bushel soybean price alongside yield data to estimate my gross revenue per acre?
Multiply your expected or actual yield in bushels per acre by the applicable price to estimate gross revenue; for example, a Kentucky farm yielding 50 bushels per acre at $12.2/bushel would generate approximately $610 per acre in gross revenue. For a full-season revenue projection, consider using the $11/bushel MYA price against your total harvested bushels, since that figure better captures the blended price across all sales months and aligns with what USDA uses for program payment calculations.