Oklahoma's Latest Farm
And Ranch News
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Kim Anderson Recommends Farmers Stagger Wheat Sales June through August |
This week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about the latest in the crop markets.
“We got a good rally in wheat prices,” Anderson said. “They got up to around $6.10 up in northern Oklahoma for harvest-delivered wheat. You take 30 or 40 (cents) off it in southern Oklahoma and maybe 10 (cents) off it in the panhandle.”
Corn had a small rally this week, Anderson said, as it is staying around $4.35 to $4.60 for harvest delivery. Soybeans had a rally as well, Anderson said, as they are now around $11.50.
Regarding when farmers should sell their wheat, Anderson said he recommends farmers sell during the June through August period. Anderson recommends staggering wheat into the market over time to average the price out.
“Overtime, it is going to average out,” Anderson said. “Don’t second guess your strategy.”
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Tim West
President/General Manager
Rural Oklahoma Networks
405-317-6361
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Mike Henderson
Director of Sales
405-615-4922
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KC Sheperd
Farm Director
Radio Oklahoma Ag Network
405-443-5717
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Ron Hays
Senior Farm/Ranch Broadcaster
Radio Oklahoma Ag Network
405.473.6144
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