Agricultural News
Oklahoma's Winter Crops and Prices Look Good so Far, Anderson Says
Thu, 07 Nov 2013 17:20:07 CST
The canola crop across Oklahoma is emerged and looking good. In this week's preview of Saturday's SUNUP program, Oklahoma State University Grain Marketing Specialist Kim Anderson says prices are looking good as well.
Anderson also says wheat across the state is in good shape with producers now turning cattle out on wheat pasture. He said producers can begin keeping an eye on prices for next year's crop. (You can listen to more of his analysis by clicking on the LISTEN BAR at the bottom of this story.)
"The forward contract price for wheat is somewhere around $6.70. You can watch the Kansas City Board of Trade July 14th contracts, subtract about a 40-cent basis off of that and that will get you your forward contract estimate for next year.
"If you're watching December contracts if you still have wheat in the bin, we've lost about 30 cents over the last couple of weeks and that December contract's trading from about $7.05 to $7.26."
He said wheat prices for next spring's crop are holding steady at this point and now might be a good time to forward contract a small portion of next year's crop.
"I think they're probably going to move sideways in here. The harvest price is slightly above the five-year average. Some producers may want to take maybe ten percent of their expected production and lock some of that in."
Also this week, SUNUP visits southwest Oklahoma for cotton harvest. Interviews include Randy Boman, Gary Strickland and Tom Buchanan, director of the Lugert-Altus Irrigation District. We also ride along in the cotton picker at the Muller Farm near Martha.
-In the Mesonet report, Al Sutherland and Gary McManus look at this year's rainfall totals and the current drought monitor.
-In Cow-Calf Corner, Glenn Selk explains how body condition scores may help producers make culling decisions.
-Derrell Peel analyzes livestock markets and the unusual seasonal price patterns.
-In Shop Stop, Wayne Kiner and Randy Taylor offer lockout options for electrical breaker boxes.
-Finally, we return to the newly rebuilt and renamed Tipton Valley Research Station, which was devastated by a tornado two years ago.
Catch SUNUP: Saturdays at 7:30 a.m. & Sundays at 6 a.m. on OETA-TV or online at http://www.sunup.okstate.edu or http://www.youtube.com/sunuptv.
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