Agricultural News
Recent Rains and Warm Weather Good News For Crops, Bad News for Prices
Thu, 22 Mar 2012 18:11:16 CDT
This week's drought-breaking rains are making a tremendous difference in crop quality. Oklahoma State University's small grain marketing expert Dr. Kim Anderson says the rain was definitely a welcome sight. Wheat is out of dormancy all across the state and quality looks good. The prospects for a large crop coupled with high stocks, however, could put pressure on prices.
"We've got high stocks. We're looking at increasing stocks next year. And, of course, the rain and the expectation of higher production, and if we get the higher production, then we will have the higher stocks and we will have lower prices."
He also says the U.S. had closing stocks of about 850-million bushels, well above average. He says we may see 950-million bushels next year. The world is in good shape as well with a couple of exceptions. Eastern Europe has had some drought and freeze problems, lowering their potential harvests. Anderson says he sees world stocks staying about the same.
Corn is another issue altogether, with tighter stocks and higher prices. Anderson says he expects feedlots to be buying a lot of wheat near harvest time to use in feed rations.
Overall, he says he expects wheat prices to fall to the $5.75 level later this year.
In addition to Dr. Anderson's full analysis, this week's SUNUP features interviews with Josh Payne and Chanjin Chung about Oklahoma's poultry industry and how expansion of the U.S.-Korea free trade agreement could impact production.
-In the Mesonet report, Al Sutherland shows us the recent statewide rainfall totals.
-In Cow-Calf Corner, Glenn Selk teaches us the importance of maintaining good heifer body condition scores at calving and rebreeding.
-Then, Shannon Ferrell explains how the Spill Prevention Control and Countermeasure (SPCC) plan could impact agriculture lease agreements.
-We preview upcoming events on volunteering and horses with Tomas Manske and Tommy Puffinbarger.
-In Shop Stop, Randy Taylor and Wayne Kiner demonstrate the use of rebar in concrete reinforcement.
-Finally, in Naturally Speaking, Dwayne Elmore talks about the problems beavers can cause to timber production and water sources, and how to prevent future occurrences.
You can hear more of Dr. Anderson's analysis by clicking on the LISTEN BAR below.
Catch SUNUP Saturdays at 7:30 a.m. on OETA, or on the web by clicking here, at or on youtube by clicking here.
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