Prices Received by Farmers, Soybeans, US Year Month Soybeans 1997 Jan 7.13 Feb 7.38 Mar 7.97 Apr 8.23 May 8.4 Jun 8.16 Jul 7.52 Aug 7.25 Sept 6.72 Oct 6.5 Nov 6.86 Dec 6.72 1998 Jan 6.69 Feb 6.57 Mar 6.4 Apr 6.26 May 6.26 Jun 6.16 Jul 6.14 Aug 5.43 Sept 5.18 Oct 5.18 Nov 5.39 Dec 5.37 1999 Jan 5.32 Feb 4.8 Mar 4.61 Apr 4.63 May 4.5 Jun 4.44 Jul 4.19 Aug 4.39 Sep 4.57 Oct 4.47 Nov 4.45 Dec 4.43 2000 Jan 4.62 Feb 4.79 Mar 4.91 Apr 5.0 May 5.19 Jun 4.93 Jul 4.53 Aug 4.45 Sep 4.59 Oct 4.45 Nov 4.55 Dec 4.78 2001 Jan 4.68 Feb 4.46 Mar 4.39 Apr 4.22 May 4.33 Jun 4.46 Jul 4.79 Aug 4.85 Sep 4.53 Oct 4.09 Nov 4.16 Dec 4.2 2002 Jan 4.22 Feb 4.22 Mar 4.38 Apr 4.47 May 4.64 Jun 4.88 Jul 5.35 Aug 5.53 Sep 5.39 Oct 5.2 Nov 5.46 Dec 5.46 2003 Jan 5.51 Feb 5.55 Mar 5.59 Apr 5.82 May 6.07 Jun 6.09 Jul 5.82 Aug 5.68 Sep 6.06 Oct 6.60 Nov 7.05 Dec 7.17 2004 Jan 7.35 Feb 8.28 Mar 9.28 Apr 9.62 May 9.56 Jun 9.08 Jul 8.46 Aug 6.83 Sep 5.83 Oct 5.56 Nov 5.36 Dec 5.45 2005 Jan 5.57 Feb 5.42 Mar 5.95 Apr 6.03 May 6.21 Jun 6.58 Jul 6.65 Aug 6.15 Sep 5.77 Oct 5.67 Nov 5.62 Dec 5.78 2006 Jan 5.87 Feb 5.67 Mar 5.57 Apr 5.52 May 5.68 Jun 5.62 Jul 5.61 Aug 5.23 Sep 5.23 Oct 5.52 Nov 6.08 Dec 6.18 2007 Jan 6.37 Feb 6.87 Mar 6.95 Apr 6.88 May 7.12 Jun 7.51 Jul 7.56 Aug 7.72 Sep 8.18 Oct 8.36 Nov 9.41 Dec 10.00 2008 Jan 9.96 Feb 11.70 Mar 11.50 Apr 12.00 May 12.10 Jun 13.20 Jul 13.30 Aug 12.10