At this writing, cash wheat prices in Oklahoma and the Texas Panhandle range from about $4.25 in southern Oklahoma and the Texas/Oklahoma Panhandle to about $4.50 in central and northern Oklahoma. At mid-July, prices ranged between $5.50 and $5.90.
Reports are surfacing that recent rains have saved a dying wheat crop. Some producers in Garfield County, Okla., report the rain improved their wheat yield potential from 15 bushels per acre to 24 bushels. The normal yield is 40 bushels per acre.