BILLINGS, Mont. (AP) - With prices high and exports strong, the outlook for Montana's wheat harvest is golden.
Lola Raska of the Montana Grain Growers Association says people in the industry were in a good mood as the state's largest grain group wrapped up its convention in Great Falls last week. Cash prices for wheat have ranged from $6.49 a bushel for ordinary winter wheat to $10.15 for high-protein spring wheat. Six months ago, the average price was less than $5 a bushel.
Russia and Ukraine has suspended grain exports because of
drought and Australia finished the year reporting a 1 million ton
cut in wheat exports. Montana wheat farms have produced 215.36 million bushels of wheat this year, despite planting 80,000 fewer acres than the year before, according to the National Agricultural Statistics Service.