Oklahoma Wheat Price — USDA NASS Monthly & MYA Data
Oklahoma Wheat price reached $6.64/bu in August 2026 — about $0.41/bu above the US average of $6.23/bu. Monthly price received by producers, sourced directly from USDA NASS.
Wheat monthly price trend
Oklahoma vs the US average, last 24 months of USDA NASS data
| Month | Oklahoma price | US average |
|---|---|---|
| 2020-01 | $4.59/bu | $4.88/bu |
| 2020-02 | $4.42/bu | $4.88/bu |
| 2020-03 | $4.49/bu | $4.86/bu |
| 2020-04 | $4.61/bu | $4.85/bu |
| 2020-05 | $4.69/bu | $4.76/bu |
| 2020-06 | $4.26/bu | $4.57/bu |
| 2020-07 | $4.21/bu | $4.54/bu |
| 2020-08 | $4.20/bu | $4.54/bu |
| 2020-09 | $4.52/bu | $4.73/bu |
| 2020-10 | $5.01/bu | $4.98/bu |
| 2020-11 | $5.18/bu | $5.24/bu |
| 2020-12 | $5.34/bu | $5.46/bu |
| 2021-01 | $5.57/bu | $5.48/bu |
| 2021-02 | $6.03/bu | $5.83/bu |
| 2021-03 | $5.67/bu | $5.86/bu |
| 2021-04 | $6.12/bu | $6.04/bu |
| 2021-05 | $6.38/bu | $6.46/bu |
| 2021-06 | $5.99/bu | $6.23/bu |
| 2021-07 | $6.12/bu | $6.26/bu |
| 2021-08 | $6.94/bu | $7.14/bu |
| 2021-09 | $6.69/bu | $7.75/bu |
| 2021-10 | $7.14/bu | $7.92/bu |
| 2021-11 | $7.82/bu | $8.52/bu |
| 2021-12 | $7.80/bu | $8.59/bu |
| 2022-01 | $7.40/bu | $8.48/bu |
| 2022-02 | $8.32/bu | $9.16/bu |
| 2022-03 | $9.42/bu | $9.93/bu |
| 2022-04 | $9.81/bu | $10.20/bu |
| 2022-05 | $11.00/bu | $10.90/bu |
| 2022-06 | $9.30/bu | $9.61/bu |
| 2022-07 | $8.89/bu | $8.69/bu |
| 2022-08 | $8.15/bu | $8.55/bu |
| 2022-09 | $8.82/bu | $8.78/bu |
| 2022-10 | $9.11/bu | $9.18/bu |
| 2022-11 | $8.65/bu | $9.15/bu |
| 2022-12 | $8.02/bu | $8.97/bu |
| 2023-01 | $8.31/bu | $8.81/bu |
| 2023-02 | $8.40/bu | $8.54/bu |
| 2023-03 | $8.09/bu | $8.35/bu |
| 2023-04 | $8.05/bu | $8.31/bu |
| 2023-05 | $7.53/bu | $8.07/bu |
| 2023-06 | $7.65/bu | $7.67/bu |
| 2023-07 | $7.79/bu | $7.61/bu |
| 2023-08 | $7.79/bu | $7.34/bu |
| 2023-09 | $7.01/bu | $7.06/bu |
| 2023-10 | $6.67/bu | $6.96/bu |
| 2023-11 | $5.75/bu | $6.52/bu |
| 2023-12 | $6.09/bu | $6.79/bu |
| 2024-01 | $6.12/bu | $6.77/bu |
| 2024-02 | $5.60/bu | $6.34/bu |
| 2024-03 | $5.49/bu | $6.01/bu |
| 2024-04 | $5.54/bu | $5.90/bu |
| 2024-05 | $6.32/bu | $6.19/bu |
| 2024-06 | $5.80/bu | $5.86/bu |
| 2024-07 | $5.51/bu | $5.52/bu |
| 2024-08 | $5.18/bu | $5.23/bu |
| 2024-09 | $5.43/bu | $5.36/bu |
| 2024-10 | $5.53/bu | $5.47/bu |
| 2024-11 | $5.15/bu | $5.45/bu |
| 2024-12 | $5.16/bu | $5.49/bu |
| 2025-01 | $5.38/bu | $5.52/bu |
| 2025-02 | $5.45/bu | $5.59/bu |
| 2025-03 | $5.44/bu | $5.71/bu |
| 2025-04 | $5.42/bu | $5.61/bu |
| 2025-05 | $5.40/bu | $5.58/bu |
| 2025-06 | $4.90/bu | $5.28/bu |
| 2025-07 | $4.79/bu | $4.94/bu |
| 2025-08 | $4.69/bu | $4.84/bu |
| 2025-09 | $4.43/bu | $4.76/bu |
| 2025-10 | $4.39/bu | $4.73/bu |
| 2025-11 | $4.49/bu | $4.90/bu |
| 2025-12 | $4.48/bu | $5.03/bu |
| 2026-01 | $4.58/bu | $5.07/bu |
| 2026-02 | $5.03/bu | $5.15/bu |
| 2026-03 | $5.35/bu | $5.52/bu |
| 2026-04 | $5.77/bu | $5.70/bu |
| 2026-05 | $6.10/bu | $5.88/bu |
| 2026-06 | $5.93/bu | $5.70/bu |
| 2026-07 | $6.51/bu | $6.06/bu |
| 2026-08 | $6.64/bu | $6.23/bu |
How Oklahoma compares
Top Wheat-producing states, August 2026 price
| State | Price | vs US avg |
|---|---|---|
| Pennsylvania | $6.96/bu | +11.7% |
| Colorado | $6.88/bu | +10.4% |
| North Carolina | $6.86/bu | +10.1% |
| Kansas | $6.84/bu | +9.8% |
| Nebraska | $6.67/bu | +7.1% |
| Oklahoma | $6.64/bu | +6.6% |
| Missouri | $6.4/bu | +2.7% |
| South Dakota | $6.34/bu | +1.8% |
What this price means for Oklahoma Wheat farmers
Oklahoma wheat fetched $6.64 per bushel in August 2026, sitting $0.41 above the national average of $6.23 per bushel for the same month. That premium over the US figure largely reflects local basis conditions — factors like regional elevator competition, proximity to export terminals, and freight logistics — rather than any inherent difference in crop quality. Looking beyond the current monthly snapshot, Oklahoma's preliminary marketing-year-average price stands at $4.79 per bushel, down $0.74 from the prior year's finalized MYA of $5.53 per bushel, a meaningful year-over-year decline that better captures the revenue environment farmers actually operated in across the full season.
For marketing and selling decisions, the August monthly price of $6.64 per bushel can be a useful reference point when evaluating a forward contract or comparing bids from local elevators, but it represents a single moment in a market that moved from $5.35 in March to $6.64 by August. Locking in a contract against one month's print without accounting for that volatility can expose a farm operation to significant basis and timing risk if prices retreat before delivery. The marketing-year-average is the more reliable foundation for annual revenue planning and loan applications, because it smooths out month-to-month swings and reflects the blended price a producer is realistically likely to capture across all sales. Using the preliminary MYA of $4.79 per bushel — rather than the stronger late-season monthly prices — gives agronomists and farm managers a more conservative and defensible number when projecting full-year gross revenue.
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Frequently asked questions — Oklahoma Wheat price
Why is Oklahoma's wheat price of $6.64/bushel higher than the US average of $6.23/bushel in August 2026?
Oklahoma's wheat price carries a positive basis of $0.41/bushel above the national average, which reflects local supply-and-demand conditions, proximity to export terminals, and regional elevator competition. Factors such as lower-than-average Oklahoma production, strong local milling demand, or favorable transportation access to Gulf export facilities can push state-level prices above the national benchmark reported by USDA NASS.
What is the difference between Oklahoma's August 2026 monthly wheat price of $6.64/bushel and the marketing-year-average price of $4.79/bushel?
The $6.64/bushel figure is a single-month price snapshot for August 2026, capturing what Oklahoma elevators were paying at that point in time, while the $4.79/bushel marketing-year-average (MYA) represents the weighted average price received across all months of the marketing year, weighted by the volume of wheat sold each month. Because most Oklahoma wheat is harvested and sold early in the marketing year when prices may be lower, the MYA is typically a more accurate figure for estimating whole-season revenue and for FSA commodity program calculations.
How frequently does USDA update Oklahoma wheat price data, and when should I expect the next revision?
USDA NASS publishes state-level wheat prices monthly through its Agricultural Prices report, typically released near the last business day of the following month, meaning August 2026 data would appear in the report issued in late September 2026. The marketing-year-average price is finalized after the close of the wheat marketing year (June–May) and may be revised in subsequent reports as late-season sales data is incorporated, so early MYA estimates should be treated as preliminary.
How can I use Oklahoma's $6.64/bushel wheat price alongside my yield data to estimate gross revenue per acre?
Multiply your expected or actual yield in bushels per acre by the relevant price to estimate gross revenue; for example, a 45 bu/acre yield at $6.64/bushel yields approximately $298.80/acre in gross revenue for wheat sold in August 2026. For whole-season planning and crop insurance or FSA program analysis, use the $4.79/bushel MYA instead, which would project $215.55/acre at the same yield, giving you a conservative revenue baseline that accounts for price variation across all months of the marketing year.