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


U.S. Wheat Prices Face Downward Pressures, Anderson Says

Thu, 30 Jan 2014 16:49:05 CST

U.S. Wheat Prices Face Downward Pressures, Anderson Says
Wheat prices challenged support levels this week. In his preview to this weekend's SUNUP program on OETA, Oklahoma State University Extension Grain Marketing Specialist Kim Anderson says the downward pressure is on.


"You can go back two or three weeks ago and we had a 30-cent price rally. I was saying hopefully and possibly wheat prices had bottomed out for the year. We've taken out that 30 cents. This week we challenged that $6 price level for the Kansas City March and July contracts. July actually got down to $5.99 and it closed at $6 so we haven't closed below it, but we're sure putting pressure on that low price now."


He says we can't look at the wheat prices and possible trends without looking at their relationship to corn.


"This time last year wheat prices were 40 cents higher than corn prices. Right now wheat is $1.40 above corn so we don't have the corn prices this year to support wheat prices. So, when wheat prices start falling, there's just nothing there to hold them except for the demand for the wheat."


He says another factor that could put downward pressure on wheat prices is the overall good condition of the 2014 wheat crop.


Also on this week's SUNUP:

-- Jody Campiche talks about the changes Oklahoma producers can expect in the new 2014 Farm Bill.


-- In Cow-Calf Corner, Glenn Selk explains what ranchers should see during the three stages of calving.


-- Josh Bushong has an update on the canola crop and invites viewers to Canola College Feb. 13 in Enid.


-- In the Mesonet report, Al Sutherland looks at the days without measurable rainfall, this week's cold front, wind speeds, the burning index and the first hollow stem advisor.


-In Shop Stop, Wayne Kiner and Randy Taylor show lighting options for the shop.


-Finally, Karen Hickman and Eric Rebek explain how invasive species impact the state and have a preview of the Oklahoma Invasive Species Conference March 25 in Oklahoma City.


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 on Youtube at: http://www.youtube.com/sunuptv







   










Kim Anderson examines factors pressuring current U.S. wheat prices.
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.