Published July 07, 2008, 12:00 AM
Wheat stocks down in North Dakota
Stocks of all types of wheat in North Dakota on June 1 totaled 28.9 million bushels. The Agriculture Department says that’s a 52 percent drop from a year ago, and the lowest June 1 level in 60 years.
FARGO (AP) — Stocks of all types of wheat in North Dakota on June 1 totaled 28.9 million bushels.
The Agriculture Department says that’s a 52 percent drop from a year ago, and the lowest June 1 level in 60 years.
Wheat prices have been at historic highs recently, leading many farmers to sell what they have.
On-farm stocks in North Dakota were estimated at 9.3 million bushels, down 71 percent from a year ago.
Nationally, all-wheat stocks were down 33 percent over the year, with on-farm stocks down 65 percent.
Tags: wheatstocks, reserves, northdakota, northland, agriculture, agribusiness, crops
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