Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   

Agricultural News


Wheat Prices Continue a Steady Decline- and we have your SUNUP preview

Thu, 22 Sep 2011 16:56:42 CDT

Wheat Prices Continue a Steady Decline- and we have your SUNUP preview The wheat market has taken a dip over the past several weeks. According to Oklahoma State University Grain Marketing Specialist, Dr. Kim Anderson, the market has established a downtrend with the recent drop of $1.50 in price and averaging a loss of $.50 per week.


Anderson says if you look at the stocks, the USDA released the supply and demand estimates last week for wheat and raised the U.S. wheat stocks from 601 million bushels to 761 bushels, which is well above average. Also, the USDA increased the world ending stocks from 6.9 billion bushels of wheat to 7.1 billion bushels, which is also above average.


A majority of this increased production supply is from countries that were in the former Soviet Union, such as Russia and Ukraine, says Anderson. Russia is determined to be a major exporter of wheat and has taken a majority of the U.S. exports to eastern Asia and northern Africa markets says Anderson.


Anderson predicts that the market could go down to $6.30 to $6.80 in Oklahoma, but only if the market breaks the current trading price for December contracts at $7.20.


Click on the LISTEN bar below to hear the rest of Austin Moore and Dr. Anderson's conversation on why wheat prices are continuing to drop.


Also this week on SUNUP, Derrell Peel analyzes the dramatic decline in Oklahoma's cattle inventory caused by drought, the largest one-year drop in state history.


Bob Kropp gives details on a new heifer feeding program at the Oklahoma Beef Incorporated.


In Cow-Calf Corner, Glenn Selk explains the link between stage two of calving and reproductive rates.


Next, the Mesonet team has the latest on the expanding drought and looks at the current fractional soil moisture levels.


Then, Chad Godsey demonstrates peanut blasting to identify maturity levels, and also invites producers to next week's Peanut Field Tour in Fort Cobb and Peanut Field Day in Beckham County.


Finally, Randy and Wayne explain the difference between tubing and pipe in Shop Stop.


Join us for SUNUP: Saturdays at 7:30 a.m. on your local OETA channel.



   



   

Austin Moore and Kim Anderson discuss the current situation in the wheat marketplace
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Youth Expo Sale of Champions Sale Order Available Here- Sale Set for 4 PM Friday  Fri, 17 Mar 2023 04:50:54 CDT
  • Rural Voters Dominated Vote to Defeat Recreational Marijuana March 7th  Fri, 10 Mar 2023 07:13:05 CST
  • Ron Hays Talks to Israeli Ag Tour Guide Colin Lotzof About the Miraclel of Ag in Israel  Wed, 22 Feb 2023 22:11:04 CST
  • OALP Members Experience First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:51:49 CST
  • OALP Members Get First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:50:10 CST
  • Oklahoma Ag Leadership Program Sees Fruit, Beef and Dairy Production North of the Sea of Galilee in Israel  Mon, 20 Feb 2023 21:56:02 CST
  • Oklahoma Ag Leadership Program Sees Diverse Farm Operations in Jordan River Valley of Israel  Sun, 19 Feb 2023 21:17:30 CST
  • Israeli Tour Guide Mark Kedem Talks About The Cultural Aspects of What Class XX of OALP is Experiencing   Sat, 18 Feb 2023 22:17:23 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       
       
       
       

    Search OklahomaFarmReport.com

    © 2008-2024 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.