North Dakota Soybeans Price — USDA NASS Monthly & MYA Data
North Dakota Soybeans price reached $11.40/bu in August 2026 — $0.70/bu below the US average of $12.10/bu. Monthly price received by producers, sourced directly from USDA NASS.
Soybeans monthly price trend
North Dakota vs the US average, last 24 months of USDA NASS data
| Month | North Dakota price | US average |
|---|---|---|
| 2020-01 | $8.06/bu | $8.84/bu |
| 2020-02 | $7.83/bu | $8.60/bu |
| 2020-03 | $7.67/bu | $8.47/bu |
| 2020-04 | $7.48/bu | $8.35/bu |
| 2020-05 | $7.48/bu | $8.28/bu |
| 2020-06 | $7.73/bu | $8.34/bu |
| 2020-07 | $7.97/bu | $8.50/bu |
| 2020-08 | $8.11/bu | $8.66/bu |
| 2020-09 | $8.90/bu | $9.24/bu |
| 2020-10 | $9.16/bu | $9.63/bu |
| 2020-11 | $9.67/bu | $10.30/bu |
| 2020-12 | $9.92/bu | $10.60/bu |
| 2021-01 | $10.40/bu | $10.90/bu |
| 2021-02 | $12.50/bu | $12.70/bu |
| 2021-03 | $13.10/bu | $13.20/bu |
| 2021-04 | $13.60/bu | $13.90/bu |
| 2021-05 | $14.70/bu | $14.80/bu |
| 2021-06 | $14.00/bu | $14.50/bu |
| 2021-07 | $13.10/bu | $14.10/bu |
| 2021-08 | $12.90/bu | $13.70/bu |
| 2021-09 | $11.80/bu | $12.20/bu |
| 2021-10 | $11.80/bu | $11.90/bu |
| 2021-11 | $11.70/bu | $12.10/bu |
| 2021-12 | $12.20/bu | $12.50/bu |
| 2022-01 | $12.80/bu | $12.90/bu |
| 2022-02 | $14.30/bu | $14.70/bu |
| 2022-03 | $15.10/bu | $15.40/bu |
| 2022-04 | $15.40/bu | $15.80/bu |
| 2022-05 | $15.80/bu | $16.10/bu |
| 2022-06 | $15.70/bu | $16.40/bu |
| 2022-07 | $14.60/bu | $15.50/bu |
| 2022-08 | $14.20/bu | $15.30/bu |
| 2022-09 | $13.80/bu | $14.20/bu |
| 2022-10 | $13.30/bu | $13.50/bu |
| 2022-11 | $13.80/bu | $14.00/bu |
| 2022-12 | $13.80/bu | $14.40/bu |
| 2023-01 | $14.00/bu | $14.50/bu |
| 2023-02 | $14.40/bu | $15.10/bu |
| 2023-03 | $13.90/bu | $14.90/bu |
| 2023-04 | $14.20/bu | $14.90/bu |
| 2023-05 | $13.70/bu | $14.40/bu |
| 2023-06 | $13.00/bu | $14.20/bu |
| 2023-07 | $13.30/bu | $14.70/bu |
| 2023-08 | $12.70/bu | $14.10/bu |
| 2023-09 | $12.50/bu | $13.20/bu |
| 2023-10 | $12.40/bu | $12.70/bu |
| 2023-11 | $12.50/bu | $13.00/bu |
| 2023-12 | $12.40/bu | $13.10/bu |
| 2024-01 | $12.30/bu | $12.80/bu |
| 2024-02 | $11.00/bu | $11.90/bu |
| 2024-03 | $11.00/bu | $11.80/bu |
| 2024-04 | $10.70/bu | $11.80/bu |
| 2024-05 | $11.20/bu | $11.90/bu |
| 2024-06 | $10.80/bu | $11.80/bu |
| 2024-07 | $10.20/bu | $11.30/bu |
| 2024-08 | $9.49/bu | $10.30/bu |
| 2024-09 | $9.81/bu | $10.20/bu |
| 2024-10 | $9.65/bu | $9.91/bu |
| 2024-11 | $9.42/bu | $9.84/bu |
| 2024-12 | $9.30/bu | $9.79/bu |
| 2025-01 | $9.43/bu | $10.00/bu |
| 2025-02 | $9.44/bu | $10.20/bu |
| 2025-03 | $9.42/bu | $10.20/bu |
| 2025-04 | $9.54/bu | $10.20/bu |
| 2025-05 | $9.78/bu | $10.40/bu |
| 2025-06 | $9.82/bu | $10.40/bu |
| 2025-07 | $9.51/bu | $10.20/bu |
| 2025-08 | $9.31/bu | $10.00/bu |
| 2025-09 | $8.85/bu | $9.93/bu |
| 2025-10 | $9.26/bu | $9.69/bu |
| 2025-11 | $9.80/bu | $10.50/bu |
| 2025-12 | $9.63/bu | $10.30/bu |
| 2026-01 | $9.49/bu | $10.30/bu |
| 2026-02 | $10.10/bu | $10.60/bu |
| 2026-03 | $10.50/bu | $11.10/bu |
| 2026-04 | $10.60/bu | $11.20/bu |
| 2026-05 | $11.10/bu | $11.60/bu |
| 2026-06 | $10.70/bu | $11.30/bu |
| 2026-07 | $11.00/bu | $11.60/bu |
| 2026-08 | $11.40/bu | $12.10/bu |
How North Dakota compares
Top Soybeans-producing states, August 2026 price
| State | Price | vs US avg |
|---|---|---|
| North Carolina | $12.4/bu | +2.5% |
| Ohio | $12.4/bu | +2.5% |
| Illinois | $12.2/bu | +0.8% |
| Missouri | $12.2/bu | +0.8% |
| Indiana | $12.1/bu | +0% |
| Iowa | $12.1/bu | +0% |
| Kansas | $12.1/bu | +0% |
| Nebraska | $12.1/bu | +0% |
What this price means for North Dakota Soybeans farmers
North Dakota soybeans averaged $11.40 per bushel in August 2026, sitting $0.70 below the national average of $12.10 per bushel for the same month. That gap is largely a function of basis conditions specific to the state — longer hauls to export terminals, the number of competing elevators in a given county, and local crush capacity — rather than any reflection on the quality of North Dakota production. Looking back at the marketing-year-average, this year's preliminary MYA of $9.79 per bushel represents a $0.26 improvement over last year's finalized figure of $9.53, a modest but meaningful upward shift that suggests slightly firmer demand conditions across the crop year as a whole.
For marketing decisions, it is important not to treat August's $11.40 print as a baseline for projecting annual revenue. Monthly cash prices can move sharply in either direction — North Dakota soybeans ranged from $10.50 in March to $11.40 in August over just the past six months — so locking in a forward contract off a single month's high without understanding where the MYA is trending can expose a farm operation to significant misalignment between expected and realized income. The marketing-year-average of $9.79 per bushel, even in its preliminary form, is the more reliable anchor for annual revenue budgeting because it smooths out the volatility of individual months and reflects what the market actually paid across the full selling window. Use the monthly price to evaluate timing on specific sales or to benchmark a forward contract offer, but build your pro forma income statements around the MYA.
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Frequently asked questions — North Dakota Soybeans price
Why is North Dakota's soybean price of $11.40/bushel lower than the US average of $12.10/bushel in August 2026?
North Dakota soybeans typically trade at a discount to the US average due to basis factors including greater distance from Gulf export terminals and crush facilities, higher inland transportation costs, and regional supply-demand dynamics. This $0.70/bushel negative basis relative to the national average is important for North Dakota producers to factor into forward contracts and marketing plans, as it reflects the structural price penalty for the state's geographic position.
What is the difference between North Dakota's August 2026 soybean price of $11.40/bushel and the marketing-year-average price of $9.79/bushel?
The $11.40/bushel figure is the USDA-reported monthly price received by North Dakota farmers for August 2026, reflecting market conditions at that specific point in the marketing year. The marketing-year-average (MYA) price of $9.79/bushel represents the season-long average from September through August, which is the benchmark used for crop insurance revenue calculations and USDA farm program payments such as ARC-CO and PLC, making the MYA the more relevant figure for program eligibility and final revenue accounting.
How frequently does the USDA update North Dakota soybean price data, and where does it come from?
The USDA National Agricultural Statistics Service (NASS) publishes monthly prices received by farmers, including state-level soybean prices for North Dakota, through its Agricultural Prices report released near the end of each month. The data is collected via surveys of grain elevators and buyers across the state, so each monthly release revises the running marketing-year-average as new months of data are added, meaning early-season MYA estimates will shift as the crop year progresses toward its August completion.
How can North Dakota soybean producers use the $11.40/bushel price alongside yield data to estimate gross revenue per acre?
To estimate gross revenue, multiply the expected or realized yield per acre by the applicable price—for example, a 45 bu/acre yield at the August 2026 price of $11.40/bushel produces an estimated $513/acre in gross revenue. For program payment calculations or crop insurance settlement purposes, use the MYA price of $9.79/bushel instead, which at 45 bu/acre yields $440.55/acre, representing the more conservative revenue baseline relevant for financial planning and break-even analysis against input costs.