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Oklahoma Wheat Harvest Under Way
06/10/2010

The Oklahoma wheat harvest is starting in

and producers say all is well except for the prices.

The U.S. Department of Agriculture on Wednesday reported prices

from $2.88 per bushel in Lawton to $3.35 in Hobart. That's down

from $3.59 in Lawton and $3.74 in Hobart last week.

Agriculture analysts say the prices are due to an overabundance

of supply leftover from last year and a shaky global market.

Eldorado Farmers Co-op Association general manager Barney

Trammell says some farmers are storing their wheat instead of

selling it in hopes the prices will rise. Mark Hodges - the

director of the private wheat marketing organization Plains Grains

Inc. in Stillwater - says wheat farmers need at least $4.50 per

bushel to break even.

© Copyright KSCB News
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