Okla. Wheat harvest expected to be best in years

Posted at 11:42 AM, May 30, 2016
and last updated 2016-05-30 13:45:25-04

OKLAHOMA CITY (AP) - The Oklahoma wheat harvest has begun with grain elevator operators optimistic that the crop will be the best in several years.

The Oklahoma Grain and Feed Association has estimated this year's crop at 130.6 million bushels, up from 98.8 million in 2015 and a dismal 47.6 million in drought-stricken 2014 that was the lowest amount since 43 million bushels were harvested in 1957.

The Oklahoma Department of Agriculture, Food and Forestry reports the five-year average harvest is 96 million bushels.

While the harvest appears improved, prices are lower because of record global wheat production.

Wheat price at the close of business on Friday ranged from $3.65 to $4 per bushel at grain elevators in the state, compared to $4.95 to $5.32 per bushel a year ago.

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