Texas Wheat Price — USDA NASS Monthly & MYA Data

Texas wheat prices reached $6.25 per bushel in August 2026, sitting just $0.02 above the national average of $6.23 per bushel — a gap so narrow it reflects little more than local basis adjustments tied to transportation costs and elevator competition rather than any meaningful difference in grain quality or yield. That modest premium is consistent with how state-level prices typically deviate from the national figure, driven by proximity to export corridors, local storage capacity, and the number of competing buyers in a given region. Looking further back, however, the current monthly print sits well above this marketing year's average price of $4.84 per bushel, which itself marks a decline of $0.59 from the prior year's finalized marketing-year-average of $5.43 per bushel, signaling that the recent price recovery has not fully offset the softer conditions that characterized much of the season.

Growers and agronomists should be cautious about using the August 2026 monthly price as a benchmark for forward contracting decisions without accounting for where prices have been over the full marketing year, since the swing from $5.15 in June to $6.42 in March illustrates how significantly a single monthly figure can diverge from the broader trend. If you are evaluating a forward contract priced off a recent monthly high, that number may overstate what you will actually average across your remaining unpriced bushels. For annual revenue planning and farm budget modeling, the marketing-year-average of $4.84 per bushel — preliminary as it may still be — is the appropriate anchor, because it smooths out the volatility that individual monthly prints like August's $6.25 can obscure. Locking in contracts during price spikes is a legitimate risk-management tool, but the MYA is what ultimately drives whole-operation revenue projections and should inform input cost decisions, land rental negotiations, and lender conversations.