Indiana Soybeans Price — USDA NASS Monthly & MYA Data
Indiana Soybeans price reached $11.90/bu in September 2026 — $0.30/bu below the US average of $12.20/bu. Monthly price received by producers, sourced directly from USDA NASS.
Soybeans monthly price trend
Indiana vs the US average, last 24 months of USDA NASS data
| Month | Indiana price | US average |
|---|---|---|
| 2020-01 | $9.22/bu | $8.84/bu |
| 2020-02 | $9.04/bu | $8.60/bu |
| 2020-03 | $9.01/bu | $8.47/bu |
| 2020-04 | $8.64/bu | $8.35/bu |
| 2020-05 | $8.62/bu | $8.28/bu |
| 2020-06 | $8.70/bu | $8.34/bu |
| 2020-07 | $8.87/bu | $8.50/bu |
| 2020-08 | $8.80/bu | $8.66/bu |
| 2020-09 | $9.44/bu | $9.24/bu |
| 2020-10 | $9.81/bu | $9.63/bu |
| 2020-11 | $10.30/bu | $10.30/bu |
| 2020-12 | $10.80/bu | $10.60/bu |
| 2021-01 | $10.90/bu | $10.90/bu |
| 2021-02 | $12.60/bu | $12.70/bu |
| 2021-03 | $13.00/bu | $13.20/bu |
| 2021-04 | $14.00/bu | $13.90/bu |
| 2021-05 | $15.00/bu | $14.80/bu |
| 2021-06 | $14.40/bu | $14.50/bu |
| 2021-07 | $14.30/bu | $14.10/bu |
| 2021-08 | $13.60/bu | $13.70/bu |
| 2021-09 | $12.40/bu | $12.20/bu |
| 2021-10 | $11.90/bu | $11.90/bu |
| 2021-11 | $12.20/bu | $12.10/bu |
| 2021-12 | $12.70/bu | $12.50/bu |
| 2022-01 | $12.90/bu | $12.90/bu |
| 2022-02 | $14.60/bu | $14.70/bu |
| 2022-03 | $15.50/bu | $15.40/bu |
| 2022-04 | $15.90/bu | $15.80/bu |
| 2022-05 | $16.00/bu | $16.10/bu |
| 2022-06 | $17.00/bu | $16.40/bu |
| 2022-07 | $16.00/bu | $15.50/bu |
| 2022-08 | $15.40/bu | $15.30/bu |
| 2022-09 | $14.50/bu | $14.20/bu |
| 2022-10 | $13.60/bu | $13.50/bu |
| 2022-11 | $14.10/bu | $14.00/bu |
| 2022-12 | $14.80/bu | $14.40/bu |
| 2023-01 | $14.40/bu | $14.50/bu |
| 2023-02 | $15.10/bu | $15.10/bu |
| 2023-03 | $15.10/bu | $14.90/bu |
| 2023-04 | $15.10/bu | $14.90/bu |
| 2023-05 | $14.80/bu | $14.40/bu |
| 2023-06 | $14.50/bu | $14.20/bu |
| 2023-07 | $15.10/bu | $14.70/bu |
| 2023-08 | $14.50/bu | $14.10/bu |
| 2023-09 | $13.20/bu | $13.20/bu |
| 2023-10 | $12.80/bu | $12.70/bu |
| 2023-11 | $13.10/bu | $13.00/bu |
| 2023-12 | $13.40/bu | $13.10/bu |
| 2024-01 | $13.20/bu | $12.80/bu |
| 2024-02 | $12.40/bu | $11.90/bu |
| 2024-03 | $12.50/bu | $11.80/bu |
| 2024-04 | $12.10/bu | $11.80/bu |
| 2024-05 | $12.20/bu | $11.90/bu |
| 2024-06 | $12.40/bu | $11.80/bu |
| 2024-07 | $11.80/bu | $11.30/bu |
| 2024-08 | $10.40/bu | $10.30/bu |
| 2024-09 | $10.50/bu | $10.20/bu |
| 2024-10 | $10.20/bu | $9.91/bu |
| 2024-11 | $10.20/bu | $9.84/bu |
| 2024-12 | $10.10/bu | $9.79/bu |
| 2025-01 | $10.40/bu | $10.00/bu |
| 2025-02 | $10.50/bu | $10.20/bu |
| 2025-03 | $10.50/bu | $10.20/bu |
| 2025-04 | $10.40/bu | $10.20/bu |
| 2025-05 | $10.90/bu | $10.40/bu |
| 2025-06 | $10.80/bu | $10.40/bu |
| 2025-07 | $10.60/bu | $10.20/bu |
| 2025-08 | $10.30/bu | $10.00/bu |
| 2025-09 | $10.10/bu | $9.93/bu |
| 2025-10 | $9.91/bu | $9.69/bu |
| 2025-11 | $10.60/bu | $10.50/bu |
| 2025-12 | $10.60/bu | $10.30/bu |
| 2026-01 | $10.50/bu | $10.30/bu |
| 2026-02 | $10.90/bu | $10.60/bu |
| 2026-03 | $11.40/bu | $11.10/bu |
| 2026-04 | $11.60/bu | $11.20/bu |
| 2026-05 | $11.80/bu | $11.60/bu |
| 2026-06 | $11.70/bu | $11.30/bu |
| 2026-07 | $11.90/bu | $11.60/bu |
| 2026-08 | $12.10/bu | $12.10/bu |
| 2026-09 | $11.90/bu | $12.20/bu |
How Indiana compares
Top Soybeans-producing states, September 2026 price
| State | Price | vs US avg |
|---|---|---|
| Iowa | $13/bu | +6.6% |
| Ohio | $12.7/bu | +4.1% |
| Michigan | $12.6/bu | +3.3% |
| Nebraska | $12.4/bu | +1.6% |
| Illinois | $12.3/bu | +0.8% |
| Kansas | $12.3/bu | +0.8% |
| Louisiana | $12.3/bu | +0.8% |
| Missouri | $12.3/bu | +0.8% |
What this price means for Indiana Soybeans farmers
Indiana soybeans averaged $11.90 per bushel in September 2026, $0.30 below the US average of $12.20 for the same month. Indiana soybeans were $11.90 in July, $12.10 in August and $11.90 in September, so the latest print is a step back from the summer high. A discount to the US average usually reflects freight to crush plants and export points rather than weaker beans. The current marketing-year average (MYA) of $10.70 for 2025 exceeds the prior year's $10.40 by $0.30, and the current figure may still be preliminary.
The September print of $11.90 and the MYA of $10.70 answer different questions. A forward contract priced off a monthly print locks in that point-in-time price, while the MYA is the better number for budgeting annual revenue because it reflects sales across the whole marketing year. For example, on 10,000 bushels the gap between $11.90 and $10.70 is about $12,000, which is the revenue error a budget carries if it assumes the monthly price lasts all year. Many producers price part of the crop off strong prints and budget the rest conservatively.
Revenue calculator
Estimate gross revenue for your Indiana Soybeans farm at the current price
Estimate gross revenue at this month's price or the marketing-year-average.
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Frequently asked questions — Indiana Soybeans price
Why is Indiana soybeans priced $0.30 below the US average in September 2026?
The Indiana price of $11.90 compares with a US average of $12.20. Most state gaps come from basis, which covers transportation costs, local elevator competition and crush or export demand, rather than differences in farming quality. A small gap means local buyers are bidding close to the national market.
What is the difference between the monthly price and the MYA for Indiana soybeans?
The monthly price of $11.90 is what Indiana producers received in September 2026. The MYA of $10.70 averages prices across the marketing year and is the figure to use for annual revenue planning. Because the current MYA may be preliminary, it can be revised.
How often does USDA update Indiana soybeans prices?
USDA NASS publishes state prices received monthly, and this page uses the latest month available, which is September 2026. The marketing-year average is updated as the year progresses and is finalized after the marketing year ends. Check back after each new USDA release for the newest figures.
How can I use the Indiana soybeans price to estimate revenue?
Multiply your expected yield per acre by a price and by your acres. Use the MYA of $10.70 for a conservative annual estimate, and compare it with the monthly price of $11.90 to see how much a strong month could add. Pair it with the yield figures on the Indiana crop page for a fuller picture.