Texoma Wheat Harvest Low - Newschannel 6 Now | Wichita Falls, TX

Texoma Wheat Harvest Low

The Winter wheat harvest across Texas is down this season, a result of the drought, late Spring freezes and insects. Fred Dwyer, a wheat farmer just North of Wichita Falls called the yield so far, "terrible".

According to the USDA weekly crop report out on Monday, Texas farmers are reporting nearly 80% of the Winter wheat as "very poor" or "poor". Dwyer said, "We're in a darn drought. In my opinion, if we miss the moisture through June I believe the whole city of Wichita Falls is in trouble."

Newschannel 6 also spoke with a commodities broker and other professionals who deal with grains on a daily basis. One expert told us they weren't expecting good yields in Texas as the drought continues to impact crops. Whether the low yields could have an impact on the overall market, remains to be seen.

Another expert told us, "wheat doesn't live in a vacuum," meaning its place in the market is influenced by other grains like corn and soy beans. Heavy rains in some parts of the country have already delayed some of those crops from being planted by several weeks.

No matter which way the market goes, Dwyer says Texas farmers will feel the hit. He said, "We're going to take a whopping on this thing but I will say this, I think today the cash markets around $7.50 and boy we've sure sold a whole bunch of it a lot cheaper than that."

The cash market according to the USDA was actually at just under $9.00 on Monday, meaning the hit could be even greater. Still Dwyer says he's been through this before, and he'll find a way to make due. He said, "It's just a rough old year and hopefully we don't have many more of them."

Jack Lamson, Newschannel 6  

 

  

  • News HeadlinesNewsMore>>

  • 4 dead in Nashville Waffle House shooting; suspect sought

    4 dead in Nashville Waffle House shooting; suspect sought

    Sunday, April 22 2018 8:34 AM EDT2018-04-22 12:34:45 GMT
    Sunday, April 22 2018 11:48 AM EDT2018-04-22 15:48:31 GMT
    A customer at the restaurant took the gun from the suspect, who then took off his coat and fled the area. (Source: CNN)A customer at the restaurant took the gun from the suspect, who then took off his coat and fled the area. (Source: CNN)
    Police in Tennessee say three people were killed and four were injured in a shooting at a Waffle House restaurant early Sunday. (Source: CNN)Police in Tennessee say three people were killed and four were injured in a shooting at a Waffle House restaurant early Sunday. (Source: CNN)

    A customer at the restaurant took the gun from the suspect, who then took off his coat and fled the area. 

    A customer at the restaurant took the gun from the suspect, who then took off his coat and fled the area. 

  • Man killed in random knife attack at California steakhouse

    Man killed in random knife attack at California steakhouse

    Saturday, April 21 2018 5:44 AM EDT2018-04-21 09:44:08 GMT
    Sunday, April 22 2018 11:48 AM EDT2018-04-22 15:48:27 GMT
    (Ventura County District Attorney's Office via AP). This undated photo provided by the Ventura County District Attorney's Office shows Jamal Jackson. The homeless man has been charged with murder in a random stabbing attack in which a man was killed wh...(Ventura County District Attorney's Office via AP). This undated photo provided by the Ventura County District Attorney's Office shows Jamal Jackson. The homeless man has been charged with murder in a random stabbing attack in which a man was killed wh...

    A homeless man has been charged with murder in the death of a California father who was stabbed in the neck as his 5-year-old daughter sat in his lap in a crowded beachside steakhouse.

    A homeless man has been charged with murder in the death of a California father who was stabbed in the neck as his 5-year-old daughter sat in his lap in a crowded beachside steakhouse.

  • Syracuse fraternity permanently expelled over racist video

    Syracuse fraternity permanently expelled over racist video

    Saturday, April 21 2018 5:46 PM EDT2018-04-21 21:46:07 GMT
    Sunday, April 22 2018 11:48 AM EDT2018-04-22 15:48:11 GMT
    Syracuse University permanently expels fraternity for "extremely racist" video. (Source: WSYR/CNN)Syracuse University permanently expels fraternity for "extremely racist" video. (Source: WSYR/CNN)

    Syracuse University has permanently expelled a fraternity over an offensive video that fraternity members say was intended as satire.

    Syracuse University has permanently expelled a fraternity over an offensive video that fraternity members say was intended as satire.

Powered by Frankly