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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.

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