Oklahoma Wheat Harvest Under Way
KSCB News - June 10, 2010 12:00 am
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.