Agricultural News
Kim Anderson gives an update on wheat prices and market exports- And we have your SUNUP preview
Thu, 02 Jun 2011 16:42:04 CDT
Dr. Kim Anderson, Grain Marketing Extension Economist from Oklahoma State University, says wheat for this crop season is looking better than expected with yields, protein levels and test weights being above expectations this year. Anderson also says he predicts about 70 million bushels from this crop year.
Wheat prices are lower this week than last but are still holding strong at about $8.40 to $8.50 per bushel. The differences between spring wheat, hard red winter wheat, and soft red winter wheat is apparent through their prices with spring wheat being at about $7.00 right now, while hard red winter wheat is at $9.00. However, soft red winter wheat is relating closely to corn prices currently.
In the market, Russia recently opened up their export market with no restrictions and are predicted to export about 365 million bushels next year, says Anderson. This will reduce the U.S. exports into the Middle East and northern Africa countries.
You can see the rest of Kim and Lyndall Stout's interview on the current wheat prices and what to expect with the export market- that can be seen on Saturday morning on OETA- or you can hear the conversation now by clicking on the LISTEN BAR that is below now.
Besides Dr. Anderson and wheat updates, also this week on SUNUP, Randy Boman of the Southwest Research and Extension Station near Altus discusses DASNR's cotton research and Extension efforts, along with the challenges associated with planting this year's crop.
We continue the planting discussion with Jackson County cotton producer Clint Abernathy.
In the Mesonet report, Al Sutherland and the team have rainfall totals, as well as the June outlook for precipitation and temperatures.
Jody Campiche tells us about this week's decision to allow emergency grazing of Conservation Reserve Program (CRP) acres in western Oklahoma.
In Cow-Calf Corner, Glenn Selk analyzes the potential toxins from summer annuals used for hay.
Finally, Derrell Peel looks at how the beef industry is coping with high corn prices.
SUNUP airs Saturdays at 7:30 a.m. on your local OETA channel.
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