Oregon Wheat Price — USDA NASS Monthly & MYA Data
Oregon Wheat price reached $6.73/bu in August 2023 — $0.61/bu below the US average of $7.34/bu. Monthly price received by producers, sourced directly from USDA NASS.
Wheat monthly price trend
Oregon vs the US average, last 24 months of USDA NASS data
| Month | Oregon price | US average |
|---|---|---|
| 2020-01 | $6.00/bu | $4.88/bu |
| 2020-02 | $6.04/bu | $4.88/bu |
| 2020-03 | $6.02/bu | $4.86/bu |
| 2020-04 | $5.95/bu | $4.85/bu |
| 2020-05 | $5.79/bu | $4.76/bu |
| 2020-08 | $5.51/bu | $4.54/bu |
| 2020-09 | $5.72/bu | $4.73/bu |
| 2020-10 | $5.83/bu | $4.98/bu |
| 2020-11 | $6.06/bu | $5.24/bu |
| 2020-12 | $6.44/bu | $5.46/bu |
| 2021-01 | $6.71/bu | $5.48/bu |
| 2021-02 | $6.87/bu | $5.83/bu |
| 2021-03 | $6.90/bu | $5.86/bu |
| 2021-04 | $7.26/bu | $6.04/bu |
| 2021-05 | $7.57/bu | $6.46/bu |
| 2021-06 | $7.71/bu | $6.23/bu |
| 2021-07 | $7.85/bu | $6.26/bu |
| 2021-08 | $8.92/bu | $7.14/bu |
| 2021-09 | $9.17/bu | $7.75/bu |
| 2021-10 | $9.56/bu | $7.92/bu |
| 2021-12 | $9.30/bu | $8.59/bu |
| 2022-01 | $9.40/bu | $8.48/bu |
| 2022-02 | $10.20/bu | $9.16/bu |
| 2022-03 | $10.60/bu | $9.93/bu |
| 2022-05 | $10.90/bu | $10.90/bu |
| 2022-06 | $10.70/bu | $9.61/bu |
| 2022-08 | $9.33/bu | $8.55/bu |
| 2022-09 | $9.78/bu | $8.78/bu |
| 2022-10 | $9.28/bu | $9.18/bu |
| 2023-02 | $8.29/bu | $8.54/bu |
| 2023-03 | $8.07/bu | $8.35/bu |
| 2023-05 | $7.13/bu | $8.07/bu |
| 2023-06 | $7.32/bu | $7.67/bu |
| 2023-08 | $6.73/bu | $7.34/bu |
How Oregon compares
Top Wheat-producing states, August 2023 price
| State | Price | vs US avg |
|---|---|---|
| Montana | $8.44/bu | +15% |
| North Dakota | $7.79/bu | +6.1% |
| Oklahoma | $7.79/bu | +6.1% |
| Minnesota | $7.72/bu | +5.2% |
| South Dakota | $7.63/bu | +4% |
| Idaho | $7.56/bu | +3% |
| Kansas | $7.43/bu | +1.2% |
| North Carolina | $7.12/bu | -3% |
What this price means for Oregon Wheat farmers
Oregon wheat fetched $6.73 per bushel in August 2023, sitting $0.33 above the national average of $6.40 for the same month. That premium over the US figure is largely a function of state-level basis conditions — regional elevator competition, proximity to Pacific export terminals, and transportation logistics — rather than any inherent difference in crop quality. Looking further back, the current marketing-year-average price of $6.05 per bushel represents a $0.30 improvement over last year's finalized MYA of $5.75, a modest but meaningful gain that reflects the broader commodity environment settling after the sharp peaks seen earlier in the marketing year. For context, Oregon prices have softened considerably from the $9.28 recorded in October 2022, tracing a steady decline through 2023 as global supply pressures eased.
For marketing and revenue decisions, it is important not to anchor too heavily on any single monthly print like the August figure of $6.73. If you are evaluating a forward contract today, that monthly price gives you a useful real-time benchmark for basis negotiation, but it captures only a snapshot of a market that has moved dramatically — down more than two dollars per bushel since last fall. Annual revenue planning should be built around the marketing-year-average of $6.05, which smooths out the month-to-month volatility and gives a more reliable foundation for input cost recovery and breakeven analysis. Locking in forward contracts against a single high or low monthly print without reference to the MYA trend risks either leaving money on the table or, conversely, overestimating revenue in a declining price environment.
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Frequently asked questions — Oregon Wheat price
Why is Oregon's wheat price $0.33/bushel higher than the US average in August 2023?
Oregon wheat typically commands a positive basis over the national average due to its proximity to Pacific Rim export terminals, particularly in Portland, where strong demand from Asian markets can push local prices above the national benchmark. In August 2023, Oregon's price of $6.73/bushel compared favorably to the US average of $6.40/bushel, reflecting these regional logistical and demand advantages. Farmers and agronomists should monitor this basis spread when evaluating whether to sell locally or explore alternative marketing channels.
What is the difference between Oregon's August 2023 monthly wheat price of $6.73/bushel and the marketing-year-average price of $6.05/bushel?
The August 2023 monthly price of $6.73/bushel represents the average price received by Oregon wheat farmers during that specific month, while the marketing-year-average (MYA) of $6.05/bushel is calculated across the entire marketing year, smoothing out seasonal highs and lows. The $0.68/bushel gap indicates that August was a stronger-than-average pricing month, which is relevant when deciding whether to store grain and sell later or forward-contract at harvest. Growers using the MYA for loan deficiency payment calculations or crop insurance revenue guarantees should be aware that monthly prices can deviate significantly from this annual benchmark.
How frequently does the USDA update Oregon wheat price data, and where does this data originate?
The USDA National Agricultural Statistics Service (NASS) releases monthly prices received data for Oregon wheat through its Agricultural Prices report, typically published near the end of the following month. These prices are collected via surveys of grain handlers, elevators, and buyers operating within Oregon, providing a weighted average of actual transaction prices in the state. Farmers making near-term marketing decisions should check for the latest NASS release to ensure they are working with the most current data rather than relying on figures that may be one to two months old.
How can Oregon wheat farmers use the $6.73/bushel August 2023 price alongside yield data to estimate gross revenue per acre?
To estimate gross revenue, multiply Oregon's August 2023 price of $6.73/bushel by your expected or actual yield per acre; for example, a farm averaging 60 bushels per acre would project approximately $403.80 per acre in gross revenue. Using the marketing-year-average of $6.05/bushel instead provides a more conservative full-season revenue estimate of $363.00 per acre, which is useful for budgeting input costs and loan repayment. Comparing these two figures helps growers assess the financial impact of pricing timing decisions, such as selling at harvest versus storing wheat to capture potentially higher monthly prices later in the marketing year.