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


Kim Anderson Lays Out Marketing Strategies for Recently-Harvested Wheat

Thu, 20 Jun 2013 18:18:14 CDT

Kim Anderson Lays Out Marketing Strategies for Recently-Harvested Wheat
In his audio preview to this week's SUNUP show, Oklahoma State University Extension Grain Marketing Specialist Kim Anderson talks about marketing plans for this year's wheat crop. He says prices this year are about a dollar higher this year over last year and that dictates a different strategy.


"If you compare them to last year, it was almost the same supply and demand situation projected. Ending stocks were slightly below average for the U.S. and the world. We've got prices 80 cents higher than they were last year. Also, one of the surprises is that the basis for last year was -30 or -40 cents under the July-September contract. This year, in parts of the state, it's even or seven cents less. In other words, the basis is 20 to 25 cents, maybe even 30 cents in some areas, higher than last year."


Anderson says he thinks the prices are higher because the corn stocks are so tight. He also said that there may be increased competition among elevators in Oklahoma and Texas.


"They've only got one shot to get grain in their bin and that's at harvest. They have one shot to be competitive."


In the current climate, Anderson says he would sell half his crop now and store half to see where the markets go. Click on the LISTEN BAR at the bottom of this story to hear Kim Anderson's full conversation with Dave Deken.


Also on this week on SUNUP:

--Jody Campiche talks about the farm bill and the next steps in the process.

--In the Mesonet report, Gary McManus tracks moisture levels for the current water year.

--Jeff Edwards looks at the progress of wheat harvest statewide.

--SUNUP catches up with Brad Tipton and others in Canadian County to discuss tornado damage and profile a group of young people helping farmers clean up debris in fields.

-In Cow-Calf Corner, Glenn Selk discusses the Oklahoma Gold and SuperGold programs for feeding heifers.

-Derrell Peel explains how beef import and export markets are currently performing.

-In Shop Stop, Randy Taylor and Wayne Kiner have a quick fix for equipment that regularly needs a jump-start to its battery.

--Finally, Dan Stein, Bob Kropp, Megan Rolf and Steve Whitmire tell viewers about the mission of the Beef Improvement Federation.


Catch SUNUP Saturdays at 7:30 a.m. & Sundays at 6 a.m. on OETA-TV or online at www.sunup.okstate.edu or www.youtube.com/sunuptv



   
   

Kim Anderson says it may be good for producers to sell half their wheat at harvest and save half for later.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Atop the RON Rural Soapbox - Former Secretary John Block  Sun, 25 Sep 2022 15:50:14 CDT
  • Road to Rural Prosperity Features Joey Carter about his movie "Hog Farmer" and his battle To Keep his Farm  Sun, 25 Sep 2022 13:42:02 CDT
  • Superior Livestock's Sept. 22 Video Auction Market Report  Fri, 23 Sep 2022 15:44:12 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. September 23, 2022  Fri, 23 Sep 2022 15:23:02 CDT
  • House Republicans Unveil Commitment to America  Fri, 23 Sep 2022 13:23:28 CDT
  • BASF's Sack Hunger Challenge back for 2022 Kansas State Season  Fri, 23 Sep 2022 13:17:53 CDT
  • Thompson: Commitment to America Will Restore a Robust Rural Economy  Fri, 23 Sep 2022 12:31:08 CDT
  • Integrity Beef Helping Producers Develop Value Added Cattle  Fri, 23 Sep 2022 11:18:31 CDT

  • 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

    © 2008-2022 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.