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Agricultural News

Selling versus Storing: Kim Anderson Looks at Options for This Year's Wheat Harvest

Thu, 06 Jun 2013 15:50:08 CDT

Selling versus Storing: Kim Anderson Looks at Options for This Year's Wheat Harvest
With harvest approaching, the store-versus-sell question is big on producers' minds. In this week's preview to Saturday's SUNUP show, Oklahoma State University Grain Marketing Specialist Kim Anderson says the correct answer is: "Yes."

"Given the volatility in the market and that we can't predict prices, I think they need to sell some at harvest and then store some to sell later in the crop year and probably have it sold by January 1. I think this year, the price situation, that we should probably sell a higher percentage at harvest than we normally sell."

Anderson said the market has been extremely volatile over the last two years with an average daily move of 11 cents. He said daily swings can often be as much as 25 cents and it is almost impossible to predict prices in that kind of market.

He said supplies are currently ample to just a bit below normal, but the biggest influence on prices currently are from livestock producers.

"I think the big price factor for wheat-and probably will be until we get out into the August-September time period-is a shortage of feed stocks and the feed market buying wheat out of the food market and moving it into that market."

He said current prices at Oklahoma elevators are in the $7.20 to $7.40 range, which is 80 cents to one dollar more than the five-year average. For that reason, Anderson said, it makes sense for producers to consider selling more of their crop at harvest time rather than later in the year.

Also on this week's SUNUP:

--the show returns to Lahoma to conclude coverage of the 2013 North Central Oklahoma Research Station Wheat Tour. Featured will be cover crop research and management advice with Jason Warren and Kevin Meeks, and basic Nitrogen strategies with Brian Arnall.

-In the Mesonet report, Al Sutherland analyzes the 30- and 60-day rainfall trends and looks at the recent cool temperatures.

-Derrell Peel talks about the lingering impacts of drought and potential hay production delays that may impact livestock markets.

-In Cow-Calf Corner, Glenn Selk explains importance of performing pregnancy checks on first-calf heifers.

-In Shop Stop, Randy Taylor and Wayne Kiner have advice on preventing torch popping when welding or cutting metal.

-Then, the show looks at this week's Advanced Cow-Calf Boot Camp in Muskogee. Interviews include Earl Ward and ranchers Paul Guerrero and Carl Manske.

-Finally, Terry Bidwell discusses how to manage cool-season grasses in hay meadows in Naturally Speaking.

Catch SUNUP Saturdays at 7:30 a.m. & Sundays at 6 a.m. on OETA-TV. You will also find archived shows at http://www.sunup.okstate.edu and http://www.youtube.com/sunuptv


Kim Anderson looks at the "sell v. store" debate for wheat producers.
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