Oklahoma Wheat Harvest Under Way

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.