Tennessee Soybeans Price — USDA NASS Monthly & MYA Data
Tennessee Soybeans price reached $12.00/bu in August 2026 — $0.10/bu below the US average of $12.10/bu. Monthly price received by producers, sourced directly from USDA NASS.
Soybeans monthly price trend
Tennessee vs the US average, last 24 months of USDA NASS data
| Month | Tennessee price | US average |
|---|---|---|
| 2020-01 | $9.13/bu | $8.84/bu |
| 2020-02 | $8.98/bu | $8.60/bu |
| 2020-03 | $8.99/bu | $8.47/bu |
| 2020-04 | $8.52/bu | $8.35/bu |
| 2020-05 | $8.44/bu | $8.28/bu |
| 2020-06 | $8.57/bu | $8.34/bu |
| 2020-07 | $8.98/bu | $8.50/bu |
| 2020-08 | $8.90/bu | $8.66/bu |
| 2020-09 | $9.71/bu | $9.24/bu |
| 2020-10 | $9.85/bu | $9.63/bu |
| 2020-11 | $10.60/bu | $10.30/bu |
| 2020-12 | $10.80/bu | $10.60/bu |
| 2021-01 | $10.90/bu | $10.90/bu |
| 2021-02 | $12.30/bu | $12.70/bu |
| 2021-03 | $13.90/bu | $13.20/bu |
| 2021-04 | $14.40/bu | $13.90/bu |
| 2021-05 | $14.10/bu | $14.80/bu |
| 2021-06 | $15.10/bu | $14.50/bu |
| 2021-07 | $14.60/bu | $14.10/bu |
| 2021-08 | $13.40/bu | $13.70/bu |
| 2021-09 | $12.30/bu | $12.20/bu |
| 2021-10 | $11.90/bu | $11.90/bu |
| 2021-11 | $12.00/bu | $12.10/bu |
| 2021-12 | $12.40/bu | $12.50/bu |
| 2022-01 | $12.90/bu | $12.90/bu |
| 2022-02 | $14.70/bu | $14.70/bu |
| 2022-03 | $15.60/bu | $15.40/bu |
| 2022-04 | $15.20/bu | $15.80/bu |
| 2022-05 | $16.70/bu | $16.10/bu |
| 2022-06 | $16.00/bu | $16.40/bu |
| 2022-07 | $15.10/bu | $15.50/bu |
| 2022-08 | $15.00/bu | $15.30/bu |
| 2022-09 | $14.00/bu | $14.20/bu |
| 2022-10 | $13.10/bu | $13.50/bu |
| 2022-11 | $13.70/bu | $14.00/bu |
| 2022-12 | $14.20/bu | $14.40/bu |
| 2023-01 | $14.30/bu | $14.50/bu |
| 2023-02 | $15.20/bu | $15.10/bu |
| 2023-03 | $14.90/bu | $14.90/bu |
| 2023-04 | $14.90/bu | $14.90/bu |
| 2023-05 | $14.00/bu | $14.40/bu |
| 2023-06 | $14.20/bu | $14.20/bu |
| 2023-07 | $15.40/bu | $14.70/bu |
| 2023-08 | $14.40/bu | $14.10/bu |
| 2023-09 | $13.00/bu | $13.20/bu |
| 2023-10 | $12.40/bu | $12.70/bu |
| 2023-11 | $13.00/bu | $13.00/bu |
| 2023-12 | $13.20/bu | $13.10/bu |
| 2024-01 | $13.20/bu | $12.80/bu |
| 2024-02 | $12.00/bu | $11.90/bu |
| 2024-03 | $11.70/bu | $11.80/bu |
| 2024-04 | $11.70/bu | $11.80/bu |
| 2024-05 | $12.10/bu | $11.90/bu |
| 2024-06 | $11.60/bu | $11.80/bu |
| 2024-07 | $11.10/bu | $11.30/bu |
| 2024-08 | $10.40/bu | $10.30/bu |
| 2024-09 | $10.30/bu | $10.20/bu |
| 2024-10 | $9.87/bu | $9.91/bu |
| 2024-11 | $10.10/bu | $9.84/bu |
| 2024-12 | $10.20/bu | $9.79/bu |
| 2025-01 | $10.50/bu | $10.00/bu |
| 2025-02 | $10.60/bu | $10.20/bu |
| 2025-03 | $9.33/bu | $10.20/bu |
| 2025-04 | $10.30/bu | $10.20/bu |
| 2025-05 | $10.50/bu | $10.40/bu |
| 2025-06 | $10.50/bu | $10.40/bu |
| 2025-07 | $9.90/bu | $10.20/bu |
| 2025-08 | $10.30/bu | $10.00/bu |
| 2025-09 | $10.10/bu | $9.93/bu |
| 2025-10 | $10.20/bu | $9.69/bu |
| 2025-11 | $10.80/bu | $10.50/bu |
| 2025-12 | $10.80/bu | $10.30/bu |
| 2026-01 | $10.70/bu | $10.30/bu |
| 2026-02 | $11.10/bu | $10.60/bu |
| 2026-03 | $11.50/bu | $11.10/bu |
| 2026-04 | $11.60/bu | $11.20/bu |
| 2026-05 | $12.10/bu | $11.60/bu |
| 2026-06 | $11.40/bu | $11.30/bu |
| 2026-07 | $12.00/bu | $11.60/bu |
| 2026-08 | $12.00/bu | $12.10/bu |
How Tennessee 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 Tennessee Soybeans farmers
Tennessee soybeans averaged $12.00 per bushel in August 2026, sitting just $0.10 below the national average of $12.10 per bushel for the same month. That narrow gap is largely a function of state-level basis conditions — regional transportation costs, the number of competing local elevators, and proximity to export terminals — rather than any reflection of crop quality or yield performance within the state. Looking at the broader marketing-year picture, Tennessee's current MYA price of $10.70 per bushel (still preliminary) represents a $0.50 improvement over last year's finalized MYA of $10.20, signaling a modestly stronger revenue environment for the 2025–26 crop year.
When making marketing and selling decisions, it is important to distinguish between the monthly spot price and the marketing-year average, because they serve very different purposes. A single monthly print like August's $12.00 can be a useful reference point for timing a forward contract or evaluating a cash sale, but locking in large volumes based on one month's price exposes a grower to the risk that prices soften or strengthen significantly over the remaining months of the marketing year. The MYA, by contrast, smooths those monthly fluctuations across the full selling season and provides a far more reliable foundation for projecting annual gross revenue, setting break-even targets, and benchmarking loan repayment capacity. Farmers and agronomists building enterprise budgets should anchor their revenue assumptions to the $10.70 MYA estimate, treating the current spot price as a tactical signal rather than a planning baseline.
Revenue calculator
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Frequently asked questions — Tennessee Soybeans price
Why is the Tennessee soybean price of $12.00/bushel lower than the US average in August 2026?
Tennessee's August 2026 soybean price sits $0.10/bushel below the national average of $12.10/bushel, a difference commonly referred to as the state basis. This negative basis typically reflects local factors such as transportation costs to export terminals, regional elevator margins, and the balance of nearby crushing and export demand relative to in-state production.
What is the difference between Tennessee's August 2026 soybean price of $12.00/bushel and the marketing-year-average price of $10.70/bushel?
The $12.00/bushel figure is the USDA-reported monthly price for August 2026, representing what Tennessee farmers received on average during that specific month. The $10.70/bushel marketing-year-average (MYA) price blends prices across the entire September-to-August marketing year, weighting each month by sales volume, making it the benchmark USDA uses to calculate crop insurance guarantees and farm program payments.
How frequently does USDA update Tennessee soybean price data, and when should I expect the next revision?
USDA's National Agricultural Statistics Service (NASS) publishes state-level soybean prices monthly through the Agricultural Prices report, typically released on the last business day of the following month. The marketing-year-average price is finalized after the August reference month closes, so Tennessee's 2025/26 MYA becomes official with the September 2026 release, at which point any preliminary monthly figures may also be revised.
How can I use Tennessee's soybean price data alongside yield estimates to project my gross revenue per acre?
Multiply your expected or actual yield in bushels per acre by the relevant price to estimate gross revenue; for example, a Tennessee farm yielding 50 bu/acre at the August 2026 price of $12.00/bushel projects $600/acre in gross receipts. For full-season planning or loan calculations, use the $10.70/bushel MYA price instead, as it more accurately reflects the blended return across all months of the marketing year and aligns with USDA farm program and crop insurance benchmarks.