Minnesota Wheat Price — USDA NASS Monthly & MYA Data
Minnesota Wheat price reached $6.21/bu in August 2026 — $0.02/bu below the US average of $6.23/bu. Monthly price received by producers, sourced directly from USDA NASS.
Wheat monthly price trend
Minnesota vs the US average, last 24 months of USDA NASS data
| Month | Minnesota price | US average |
|---|---|---|
| 2020-01 | $4.89/bu | $4.88/bu |
| 2020-02 | $4.40/bu | $4.88/bu |
| 2020-03 | $4.76/bu | $4.86/bu |
| 2020-04 | $4.68/bu | $4.85/bu |
| 2020-05 | $3.90/bu | $4.76/bu |
| 2020-06 | $4.27/bu | $4.57/bu |
| 2020-07 | $4.07/bu | $4.54/bu |
| 2020-08 | $4.45/bu | $4.54/bu |
| 2020-09 | $4.57/bu | $4.73/bu |
| 2020-10 | $4.96/bu | $4.98/bu |
| 2020-11 | $4.82/bu | $5.24/bu |
| 2020-12 | $5.15/bu | $5.46/bu |
| 2021-01 | $5.43/bu | $5.48/bu |
| 2021-02 | $5.70/bu | $5.83/bu |
| 2021-03 | $5.62/bu | $5.86/bu |
| 2021-04 | $5.73/bu | $6.04/bu |
| 2021-05 | $6.30/bu | $6.46/bu |
| 2021-06 | $6.72/bu | $6.23/bu |
| 2021-07 | $7.51/bu | $6.26/bu |
| 2021-08 | $7.97/bu | $7.14/bu |
| 2021-09 | $8.24/bu | $7.75/bu |
| 2021-10 | $9.05/bu | $7.92/bu |
| 2021-11 | $8.45/bu | $8.52/bu |
| 2021-12 | $8.59/bu | $8.59/bu |
| 2022-01 | $8.45/bu | $8.48/bu |
| 2022-02 | $9.31/bu | $9.16/bu |
| 2022-03 | $9.83/bu | $9.93/bu |
| 2022-04 | $10.20/bu | $10.20/bu |
| 2022-05 | $11.00/bu | $10.90/bu |
| 2022-06 | $10.80/bu | $9.61/bu |
| 2022-07 | $11.00/bu | $8.69/bu |
| 2022-08 | $8.58/bu | $8.55/bu |
| 2022-09 | $9.01/bu | $8.78/bu |
| 2022-10 | $9.00/bu | $9.18/bu |
| 2022-11 | $9.52/bu | $9.15/bu |
| 2022-12 | $9.55/bu | $8.97/bu |
| 2023-01 | $9.69/bu | $8.81/bu |
| 2023-02 | $9.10/bu | $8.54/bu |
| 2023-03 | $9.78/bu | $8.35/bu |
| 2023-04 | $9.00/bu | $8.31/bu |
| 2023-05 | $8.98/bu | $8.07/bu |
| 2023-06 | $8.20/bu | $7.67/bu |
| 2023-07 | $8.34/bu | $7.61/bu |
| 2023-08 | $7.72/bu | $7.34/bu |
| 2023-09 | $7.21/bu | $7.06/bu |
| 2023-10 | $7.40/bu | $6.96/bu |
| 2023-11 | $6.93/bu | $6.52/bu |
| 2023-12 | $7.14/bu | $6.79/bu |
| 2024-01 | $6.85/bu | $6.77/bu |
| 2024-02 | $6.88/bu | $6.34/bu |
| 2024-03 | $6.49/bu | $6.01/bu |
| 2024-04 | $6.20/bu | $5.90/bu |
| 2024-05 | $6.70/bu | $6.19/bu |
| 2024-06 | $6.42/bu | $5.86/bu |
| 2024-07 | $5.63/bu | $5.52/bu |
| 2024-08 | $5.31/bu | $5.23/bu |
| 2024-09 | $5.28/bu | $5.36/bu |
| 2024-10 | $5.51/bu | $5.47/bu |
| 2024-11 | $5.31/bu | $5.45/bu |
| 2024-12 | $5.67/bu | $5.49/bu |
| 2025-01 | $6.68/bu | $5.52/bu |
| 2025-02 | $5.96/bu | $5.59/bu |
| 2025-03 | $5.20/bu | $5.71/bu |
| 2025-04 | $5.62/bu | $5.61/bu |
| 2025-05 | $5.57/bu | $5.58/bu |
| 2025-06 | $5.92/bu | $5.28/bu |
| 2025-07 | $5.35/bu | $4.94/bu |
| 2025-08 | $5.07/bu | $4.84/bu |
| 2025-09 | $4.75/bu | $4.76/bu |
| 2025-10 | $4.75/bu | $4.73/bu |
| 2025-11 | $5.09/bu | $4.90/bu |
| 2025-12 | $5.19/bu | $5.03/bu |
| 2026-01 | $5.20/bu | $5.07/bu |
| 2026-02 | $5.38/bu | $5.15/bu |
| 2026-03 | $5.79/bu | $5.52/bu |
| 2026-04 | $5.91/bu | $5.70/bu |
| 2026-05 | $6.08/bu | $5.88/bu |
| 2026-06 | $5.72/bu | $5.70/bu |
| 2026-07 | $6.08/bu | $6.06/bu |
| 2026-08 | $6.21/bu | $6.23/bu |
How Minnesota 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 Minnesota Wheat farmers
Minnesota wheat prices reached $6.21 per bushel in August 2026, sitting just $0.02 below the national average of $6.23 per bushel — a negligible gap that reflects local basis factors such as transportation costs and elevator competition rather than any difference in grain quality. That August figure represents a meaningful jump from the $5.72 posted in June, with prices climbing steadily through the summer months from $5.79 in March. Looking at the broader marketing-year-average, however, the current preliminary MYA of $5.33 per bushel trails last year's finalized MYA of $5.66 by $0.33, signaling that despite the recent monthly strength, the overall price environment for this marketing year remains softer than the prior one.
Producers and agronomists should be careful not to anchor marketing decisions to any single monthly print like the $6.21 August figure, which can spike or dip based on short-term export demand, weather news, or thin trading volume. A forward contract negotiated off a strong monthly price can lock in attractive revenue, but that strategy requires a clear-eyed view of basis risk and delivery timing rather than assuming the monthly high represents the season's norm. For annual revenue planning, budgeting, and input cost recovery analysis, the marketing-year-average is the appropriate benchmark because it smooths the volatility visible in the monthly sequence from $5.72 to $6.21 over just three months. Using the preliminary MYA of $5.33 as a conservative planning floor — while tracking whether late-season prices push it higher before finalization — gives farm operations a more defensible foundation for cash flow projections than chasing any single month's price.
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Frequently asked questions — Minnesota Wheat price
Why is Minnesota's August 2026 wheat price of $6.21/bushel slightly below the US average of $6.23/bushel?
The $0.02/bushel difference reflects Minnesota's local basis, which accounts for regional supply and demand conditions, transportation costs to export terminals, and local elevator competition. Minnesota wheat typically trades at a slight discount to the national average due to its inland location and the logistical costs of moving grain to Gulf or Pacific Northwest export hubs. Monitoring this basis spread over time helps producers decide whether to sell locally or explore other marketing channels.
What is the difference between Minnesota's August 2026 monthly wheat price of $6.21/bushel and the marketing-year-average price of $5.33/bushel?
The $6.21/bushel figure is the USDA-reported price received by Minnesota farmers specifically during August 2026, while the $5.33/bushel marketing-year-average (MYA) represents the weighted average price across the entire marketing year, which for wheat runs June through May. The MYA reflects the blend of prices received across all months of sales, including earlier lower-priced deliveries that pull the season average below the current monthly price. Comparing the two helps producers assess whether holding remaining bushels into stronger months like August has been a beneficial strategy.
How frequently does the USDA update Minnesota wheat price data, and where does this data originate?
The USDA National Agricultural Statistics Service (NASS) publishes monthly prices received by state, typically releasing each month's data within the following month as part of the Agricultural Prices report. The data is collected through surveys of grain elevators and producers across Minnesota, making it a reliable benchmark for regional market conditions. Producers should note that early monthly estimates can be revised as additional survey responses are received.
How can I use Minnesota's August 2026 wheat price of $6.21/bushel alongside yield data to estimate my farm's gross revenue?
Multiply your farm's expected or actual yield per acre by $6.21 to estimate gross revenue per acre; for example, a 60 bu/acre yield would project $372.60/acre in gross receipts at the August 2026 price. Using the marketing-year-average of $5.33/bushel instead gives a more conservative full-season revenue estimate of $319.80/acre, which is useful for budgeting and loan repayment planning. Comparing these two figures helps you evaluate the revenue impact of your specific timing decisions and whether forward contracting or storage added value relative to the season average.