Michigan Wheat Price — USDA NASS Monthly & MYA Data
Michigan Wheat price reached $6.33/bu in August 2026 — about $0.10/bu above the US average of $6.23/bu. Monthly price received by producers, sourced directly from USDA NASS.
Wheat monthly price trend
Michigan vs the US average, last 24 months of USDA NASS data
| Month | Michigan price | US average |
|---|---|---|
| 2020-01 | $5.58/bu | $4.88/bu |
| 2020-02 | $5.65/bu | $4.88/bu |
| 2020-03 | $5.66/bu | $4.86/bu |
| 2020-04 | $5.85/bu | $4.85/bu |
| 2020-05 | $5.55/bu | $4.76/bu |
| 2020-06 | $5.18/bu | $4.57/bu |
| 2020-07 | $5.22/bu | $4.54/bu |
| 2020-08 | $4.90/bu | $4.54/bu |
| 2020-09 | $5.30/bu | $4.73/bu |
| 2020-10 | $5.51/bu | $4.98/bu |
| 2020-11 | $5.70/bu | $5.24/bu |
| 2020-12 | $5.76/bu | $5.46/bu |
| 2021-01 | $5.73/bu | $5.48/bu |
| 2021-02 | $6.18/bu | $5.83/bu |
| 2021-03 | $6.13/bu | $5.86/bu |
| 2021-04 | $6.15/bu | $6.04/bu |
| 2021-05 | $6.37/bu | $6.46/bu |
| 2021-06 | $6.49/bu | $6.23/bu |
| 2021-07 | $5.96/bu | $6.26/bu |
| 2021-08 | $6.39/bu | $7.14/bu |
| 2021-09 | $6.26/bu | $7.75/bu |
| 2021-10 | $6.09/bu | $7.92/bu |
| 2021-11 | $6.83/bu | $8.52/bu |
| 2021-12 | $6.65/bu | $8.59/bu |
| 2022-01 | $6.37/bu | $8.48/bu |
| 2022-02 | $7.09/bu | $9.16/bu |
| 2022-03 | $8.40/bu | $9.93/bu |
| 2022-04 | $8.30/bu | $10.20/bu |
| 2022-05 | $9.37/bu | $10.90/bu |
| 2022-06 | $9.14/bu | $9.61/bu |
| 2022-07 | $7.74/bu | $8.69/bu |
| 2022-08 | $7.68/bu | $8.55/bu |
| 2022-09 | $8.13/bu | $8.78/bu |
| 2022-10 | $8.61/bu | $9.18/bu |
| 2022-11 | $8.73/bu | $9.15/bu |
| 2022-12 | $8.14/bu | $8.97/bu |
| 2023-01 | $7.63/bu | $8.81/bu |
| 2023-02 | $7.33/bu | $8.54/bu |
| 2023-03 | $7.56/bu | $8.35/bu |
| 2023-04 | $6.85/bu | $8.31/bu |
| 2023-05 | $6.81/bu | $8.07/bu |
| 2023-06 | $6.45/bu | $7.67/bu |
| 2023-07 | $7.02/bu | $7.61/bu |
| 2023-08 | $6.03/bu | $7.34/bu |
| 2023-09 | $5.50/bu | $7.06/bu |
| 2023-10 | $5.23/bu | $6.96/bu |
| 2023-11 | $4.85/bu | $6.52/bu |
| 2023-12 | $5.39/bu | $6.79/bu |
| 2024-01 | $6.26/bu | $6.77/bu |
| 2024-02 | $5.28/bu | $6.34/bu |
| 2024-04 | $5.40/bu | $5.90/bu |
| 2024-05 | $6.18/bu | $6.19/bu |
| 2024-06 | $5.85/bu | $5.86/bu |
| 2024-07 | $5.78/bu | $5.52/bu |
| 2024-08 | $5.12/bu | $5.23/bu |
| 2024-09 | $5.37/bu | $5.36/bu |
| 2024-10 | $5.50/bu | $5.47/bu |
| 2024-11 | $5.17/bu | $5.45/bu |
| 2024-12 | $5.38/bu | $5.49/bu |
| 2025-01 | $5.58/bu | $5.52/bu |
| 2025-02 | $5.72/bu | $5.59/bu |
| 2025-03 | $5.81/bu | $5.71/bu |
| 2025-04 | $5.70/bu | $5.61/bu |
| 2025-05 | $5.91/bu | $5.58/bu |
| 2025-06 | $5.61/bu | $5.28/bu |
| 2025-07 | $5.26/bu | $4.94/bu |
| 2025-08 | $4.80/bu | $4.84/bu |
| 2025-09 | $4.84/bu | $4.76/bu |
| 2025-10 | $4.93/bu | $4.73/bu |
| 2025-11 | $5.01/bu | $4.90/bu |
| 2025-12 | $5.08/bu | $5.03/bu |
| 2026-01 | $5.13/bu | $5.07/bu |
| 2026-02 | $5.28/bu | $5.15/bu |
| 2026-03 | $5.69/bu | $5.52/bu |
| 2026-04 | $5.95/bu | $5.70/bu |
| 2026-05 | $6.05/bu | $5.88/bu |
| 2026-06 | $5.94/bu | $5.70/bu |
| 2026-07 | $6.04/bu | $6.06/bu |
| 2026-08 | $6.33/bu | $6.23/bu |
How Michigan 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 Michigan Wheat farmers
Michigan wheat fetched $6.33 per bushel in August 2026, sitting $0.10 above the national average of $6.23 per bushel for the same month. That premium reflects local basis conditions — primarily transportation costs and competition among regional elevators — rather than any inherent difference in grain quality between Michigan and other producing states. Looking beyond the monthly snapshot, this year's marketing-year-average price stands at $5.14 per bushel, a notable $0.41 drop from last year's finalized MYA of $5.55 per bushel, signaling a softer revenue environment for the 2025-26 crop year even as recent monthly readings have climbed.
Farmers and agronomists should be careful not to let a strong August print drive annual revenue assumptions, since a single month's price can diverge substantially from the full-season average that ultimately determines farm income. The $6.33 August figure may support a case for forward contracting a portion of remaining old-crop or early new-crop bushels if current basis and futures alignment look favorable, but locking in large volumes purely on one monthly observation carries timing risk. For annual budgeting, break-even analysis, and loan planning, the marketing-year-average — currently projected at $5.14 per bushel, though still preliminary — is the appropriate benchmark, as it smooths the volatility visible in the monthly series, which ranged from $5.69 in March to $6.33 in August. Grounding revenue plans in the MYA while using monthly prices tactically for contract decisions gives operators the most defensible financial footing through the rest of the marketing year.
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Frequently asked questions — Michigan Wheat price
Why is Michigan's August 2026 wheat price of $6.33/bushel higher than the US average of $6.23/bushel?
Michigan wheat typically commands a positive basis relative to the national average due to proximity to Great Lakes export terminals, strong regional milling demand, and lower transportation costs to end users in the Midwest and Northeast. This $0.10/bushel premium reflects local supply-demand dynamics and infrastructure advantages that Michigan producers can often capture. Understanding this state-level basis helps farmers evaluate whether local elevator bids are competitive or if alternative marketing channels may offer better returns.
What is the difference between Michigan's August 2026 monthly wheat price of $6.33/bushel and the marketing-year-average price of $5.14/bushel?
The monthly price of $6.33/bushel represents what Michigan wheat producers received on average during August 2026 alone, while the marketing-year-average (MYA) of $5.14/bushel reflects the weighted average price received across the entire marketing year, from June through May. The $1.19/bushel gap indicates that late-season prices were substantially higher than earlier in the marketing year, which is common when early harvest supplies pressure prices downward. Farmers using the MYA for whole-crop revenue calculations will get a more accurate picture of overall season profitability than relying on any single monthly price.
How frequently does USDA update Michigan wheat price data, and when should I expect the next revision?
USDA's National Agricultural Statistics Service (NASS) publishes state-level crop prices monthly through the Agricultural Prices report, typically released on the last business day of each month covering the prior month's data. Marketing-year-average prices are revised monthly as new monthly observations are added, with a final MYA published after the marketing year closes in May. Farmers and agronomists should check for updates at the end of each month to ensure they are basing marketing decisions on the most current available data.
How can I use Michigan's wheat price data alongside yield estimates to project my expected revenue per acre?
Multiply your expected or actual yield in bushels per acre by the relevant price—use the current monthly price of $6.33/bushel for forward-looking spot estimates, or the MYA of $5.14/bushel for a conservative full-season revenue benchmark. For example, a Michigan field yielding 70 bushels per acre would project gross revenue of approximately $443/acre at the August price or $360/acre using the MYA. Comparing both scenarios helps you set realistic price targets, evaluate crop insurance guarantees, and determine whether current forward contract offers exceed your cost of production.