Kim Anderson Expects Oklahoma Wheat Crop at 70 Million Bushels- 45% Less than 2010Fri, 29 Apr 2011 5:44:14 CDT
Oklahoma State University Extension Grain Marketing Economist Dr. Kim Anderson believes that our 2011 wheat crop will come in around the seventy million bushel mark- this compared to the 126 million bushels harvested in 2010 and a ten year average of 124 million bushels. The short crop this year is based on the extremely dry conditions that much of Oklahoma's wheat belt has endured. Many locations have had little or not precipitation since planting time last September.
Dr. Anderson tells Dave Deken on this week's SUNUP that there could be another dollar downside in the current market, but relatively tight wheat stocks will likely keep the market falling much more than that.
As for a price prediction for Kingfisher, Oklahoma on June 20th of this year- Anderson believes the local elevator price there will be $7.75 per bushel.
Kim Anderson's market analysis can be seen as a part of SUNUP on Saturday morning on OETA- or you can hear his comments with Dave Deken now by clicking on the LISTEN BAR below.
Besides Kim Anderson's analysis- this weekend's show is jampacked:
SUNUP begans the program by visiting Oklahoma City for DASNR Day at the Capitol.
Jeff Edwards updates the progress of Oklahoma’s wheat crop.
Joe Armstrong talks about the latest weed research and the benefits of planting canola as a rotation crop for managing weeds.
In the Mesonet report, Al Sutherland and Cindy Luttrell map precipitation totals from the recent rain events and discuss the drought outlook for May.
In Naturally Speaking, Terry Bidwell explains red cedar fire dangers and removal options.
Glenn Selk looks at the timing options for giving respiratory vaccines to calves in Cow-Calf Corner.
In Shop Stop, Randy and Wayne explain how to get your grease zerks working properly again.
Finally, Gina Peek offers tips on getting your storm shelter prepared for tornado season.
SUNUP airs Saturdays at 7:30 a.m. on your local OETA channel.
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