South Dakota Wheat Price — USDA NASS Monthly & MYA Data
South Dakota Wheat price reached $6.34/bu in August 2026 — about $0.11/bu above the US average of $6.23/bu. Monthly price received by producers, sourced directly from USDA NASS.
Wheat monthly price trend
South Dakota vs the US average, last 24 months of USDA NASS data
| Month | South Dakota price | US average |
|---|---|---|
| 2020-01 | $4.66/bu | $4.88/bu |
| 2020-02 | $4.85/bu | $4.88/bu |
| 2020-03 | $4.81/bu | $4.86/bu |
| 2020-04 | $4.78/bu | $4.85/bu |
| 2020-05 | $4.52/bu | $4.76/bu |
| 2020-06 | $4.60/bu | $4.57/bu |
| 2020-07 | $4.43/bu | $4.54/bu |
| 2020-08 | $4.43/bu | $4.54/bu |
| 2020-09 | $4.59/bu | $4.73/bu |
| 2020-10 | $4.90/bu | $4.98/bu |
| 2020-11 | $4.93/bu | $5.24/bu |
| 2020-12 | $5.13/bu | $5.46/bu |
| 2021-01 | $5.33/bu | $5.48/bu |
| 2021-02 | $5.61/bu | $5.83/bu |
| 2021-03 | $5.56/bu | $5.86/bu |
| 2021-04 | $5.97/bu | $6.04/bu |
| 2021-05 | $6.08/bu | $6.46/bu |
| 2021-06 | $6.57/bu | $6.23/bu |
| 2021-07 | $6.79/bu | $6.26/bu |
| 2021-08 | $7.77/bu | $7.14/bu |
| 2021-09 | $7.85/bu | $7.75/bu |
| 2021-10 | $8.11/bu | $7.92/bu |
| 2021-11 | $8.67/bu | $8.52/bu |
| 2021-12 | $8.63/bu | $8.59/bu |
| 2022-01 | $7.92/bu | $8.48/bu |
| 2022-02 | $8.71/bu | $9.16/bu |
| 2022-03 | $9.80/bu | $9.93/bu |
| 2022-04 | $10.40/bu | $10.20/bu |
| 2022-05 | $11.10/bu | $10.90/bu |
| 2022-06 | $10.80/bu | $9.61/bu |
| 2022-07 | $8.88/bu | $8.69/bu |
| 2022-08 | $8.79/bu | $8.55/bu |
| 2022-09 | $8.86/bu | $8.78/bu |
| 2022-10 | $8.55/bu | $9.18/bu |
| 2022-11 | $9.02/bu | $9.15/bu |
| 2022-12 | $8.95/bu | $8.97/bu |
| 2023-01 | $8.67/bu | $8.81/bu |
| 2023-02 | $8.71/bu | $8.54/bu |
| 2023-03 | $8.42/bu | $8.35/bu |
| 2023-04 | $8.23/bu | $8.31/bu |
| 2023-05 | $8.54/bu | $8.07/bu |
| 2023-06 | $8.15/bu | $7.67/bu |
| 2023-07 | $8.24/bu | $7.61/bu |
| 2023-08 | $7.63/bu | $7.34/bu |
| 2023-09 | $6.80/bu | $7.06/bu |
| 2023-10 | $6.66/bu | $6.96/bu |
| 2023-11 | $6.36/bu | $6.52/bu |
| 2023-12 | $6.60/bu | $6.79/bu |
| 2024-01 | $6.51/bu | $6.77/bu |
| 2024-02 | $6.10/bu | $6.34/bu |
| 2024-03 | $5.81/bu | $6.01/bu |
| 2024-04 | $5.81/bu | $5.90/bu |
| 2024-05 | $6.24/bu | $6.19/bu |
| 2024-06 | $6.03/bu | $5.86/bu |
| 2024-07 | $5.46/bu | $5.52/bu |
| 2024-08 | $4.95/bu | $5.23/bu |
| 2024-09 | $5.23/bu | $5.36/bu |
| 2024-10 | $5.40/bu | $5.47/bu |
| 2024-11 | $5.07/bu | $5.45/bu |
| 2024-12 | $5.46/bu | $5.49/bu |
| 2025-01 | $5.23/bu | $5.52/bu |
| 2025-02 | $5.44/bu | $5.59/bu |
| 2025-03 | $5.48/bu | $5.71/bu |
| 2025-04 | $5.60/bu | $5.61/bu |
| 2025-05 | $5.25/bu | $5.58/bu |
| 2025-06 | $5.26/bu | $5.28/bu |
| 2025-07 | $4.94/bu | $4.94/bu |
| 2025-08 | $4.56/bu | $4.84/bu |
| 2025-09 | $4.55/bu | $4.76/bu |
| 2025-10 | $4.31/bu | $4.73/bu |
| 2025-11 | $4.67/bu | $4.90/bu |
| 2025-12 | $4.84/bu | $5.03/bu |
| 2026-01 | $4.93/bu | $5.07/bu |
| 2026-02 | $4.98/bu | $5.15/bu |
| 2026-03 | $5.15/bu | $5.52/bu |
| 2026-04 | $5.61/bu | $5.70/bu |
| 2026-05 | $5.66/bu | $5.88/bu |
| 2026-06 | $5.64/bu | $5.70/bu |
| 2026-07 | $5.94/bu | $6.06/bu |
| 2026-08 | $6.34/bu | $6.23/bu |
How South Dakota 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 South Dakota Wheat farmers
South Dakota wheat averaged $6.34 per bushel in August 2026, sitting $0.11 above the national average of $6.23 for the same month. That modest premium over the US figure is largely a reflection of local basis conditions — elevator competition, proximity to end users, and regional transportation costs — rather than any inherent difference in grain quality. Looking further back, the current marketing-year-average price for South Dakota stands at $4.85 per bushel, a preliminary figure that trails last year's finalized MYA of $5.25 by $0.40 per bushel. That year-over-year decline signals softer average returns across the full marketing year even as recent monthly prints have climbed steadily from $5.15 in March to the current August high.
A strong single-month price like August's $6.34 can be tempting to use as a benchmark when evaluating a forward contract, but producers and agronomists should be careful not to mistake a recent spike for a durable revenue baseline. Locking in bushels off a peak monthly print can make sense tactically when basis is favorable and storage costs are a factor, but that number will not reflect what the operation actually averages across the full crop year. The marketing-year-average — currently $4.85 and still subject to revision — is the more reliable figure for annual revenue projections, loan repayment schedules, and input cost recovery calculations, precisely because it smooths out the month-to-month volatility visible in the move from $5.61 in April to $6.34 in August. Building a farm budget around any single monthly price, high or low, introduces risk that the MYA is specifically designed to help producers avoid.
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Frequently asked questions — South Dakota Wheat price
Why is South Dakota's August 2026 Wheat price of $6.34/bushel higher than the US average of $6.23/bushel?
South Dakota's state-level price reflects local market conditions including regional supply, demand, and transportation costs to nearby elevators and export terminals, resulting in a $0.11/bushel premium over the national average. This difference, commonly referred to as basis, can shift month to month based on local storage availability, nearby processing demand, and freight logistics specific to the Northern Plains market.
What is the difference between South Dakota's August 2026 Wheat price of $6.34/bushel and the marketing-year-average price of $4.85/bushel?
The $6.34/bushel figure represents the USDA-estimated average price received by South Dakota farmers during the specific month of August 2026, while the $4.85/bushel marketing-year-average (MYA) reflects the blended average price across the entire marketing year weighted by monthly sales volumes. Farmers who forward-contracted or sold heavily in lower-priced months earlier in the marketing year would see their realized average price trend closer to the $4.85 MYA rather than the August monthly price.
How frequently does USDA update South Dakota Wheat price data, and how current is the August 2026 figure?
USDA's National Agricultural Statistics Service (NASS) releases state-level prices received data on a monthly basis, typically publishing each month's estimates within four to six weeks after the reference period ends. The August 2026 price of $6.34/bushel represents the most recent monthly estimate available, though it may be subject to revision in subsequent NASS releases as additional producer survey data is incorporated.
How can South Dakota farmers use the $6.34/bushel Wheat price alongside yield data to estimate gross revenue per acre?
Multiply your expected or realized yield in bushels per acre by the $6.34/bushel price to estimate gross revenue; for example, a 45 bu/acre yield would produce approximately $285.30 per acre at that price. For a full-season revenue projection, using the $4.85/bushel marketing-year-average instead provides a more conservative benchmark that accounts for price variability across all months when wheat is typically sold, helping inform crop insurance decisions and input cost recovery analysis.