Minnesota Soybeans Price — USDA NASS Monthly & MYA Data

The $0.40/bushel gap between Minnesota's price and the US average reflects the local basis, which accounts for transportation costs to export terminals, regional elevator competition, and proximity to crushing facilities in the Upper Midwest. Minnesota farmers typically see prices influenced by barge freight rates on the Mississippi River system and local processing demand, which can push state prices above or below the national benchmark depending on logistics and supply conditions. Monitoring this spread over time helps producers decide whether to sell locally or explore alternative marketing channels.

The monthly price of $11.7/bushel represents what Minnesota farmers received specifically during August 2026, while the marketing-year-average (MYA) price of $10.2/bushel reflects the weighted average price across the entire September-to-August marketing year, weighted by monthly sales volumes. The $1.50/bushel gap suggests that prices strengthened later in the marketing year, meaning producers who stored and sold in August captured a significantly better return than those who sold earlier in the season. The MYA price is also the figure used by USDA for farm program payment calculations, including ARC and PLC reference benchmarks.

USDA's National Agricultural Statistics Service (NASS) publishes monthly state-level crop prices through its Agricultural Prices report, typically released on the last business day of each month for the prior month's data. Final monthly prices can be subject to revision in subsequent reports as additional survey responses are incorporated, so figures published shortly after a reporting period may be adjusted slightly. Producers and agronomists should check the NASS release calendar to anticipate updates and avoid making marketing decisions based on preliminary estimates alone.

To estimate gross revenue, multiply your expected or realized yield per acre by the applicable price; for example, a yield of 50 bushels per acre at $11.7/bushel would generate $585 per acre in gross revenue before subtracting production costs. For a full-season profitability estimate, consider using the marketing-year-average price of $10.2/bushel if you plan to sell throughout the year rather than in a single month, which would yield $510 per acre at the same 50-bushel yield. Comparing this revenue estimate against your cost of production, including seed, fertilizer, and land costs, gives you a break-even yield target that can inform both hedging strategy and fall marketing decisions.