Agricultural News
Record Corn Crop and Much Smaller Wheat Acreage- Dr. Kim Anderson Explains It All
Tue, 12 Jan 2010 8:42:48 CST
We talk record corn and much smaller wheat acreage numbers that were released by USDA on Tuesday morning with Dr. Kim Anderson, Extension Grain Marketing Economist at Oklahoma State University.
Acres planted to wheat this past fall are well down from the number of acres planted in 2008- and USDA reports the smallest wheat plantings for all winter wheat since 1913. For Oklahoma, the total number of acres planted appears to be 5.2 million acres, down a half million acres from the number of acres planted a year earlier- the 5.2 million acre number is the smallest wheat plantings in the state since 1971.
At the same time, the wheat stocks numbers released by USDA show dramatically bigger supplies of wheat than last January- and Dr. Anderson says that is one of the reasons that wheat producers cut back on wheat acres planted this past fall- they were responding to market signals.
The 2009 Corn Crop is being called a record crop by USDA, 13.2 billion bushels of total production in the US- and Dr. Anderson agrees that cattle and hog producers should be the beneficiaries of low cost feed grain for much of this year.
We talk the numbers as well as what they mean for wheat producers as they consider marketing what is left of the 2009 crop, as well as considering a marketing plan for the 2010 crop. Click on the Listen Bar below to hear our conversation with Dr. Kim Anderson.
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