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Agricultural News

Crop Conditions Driving Wheat Prices Higher, OSU's Kim Anderson Says

Thu, 06 Feb 2014 17:10:26 CST

Crop Conditions Driving Wheat Prices Higher, OSU's Kim Anderson Says
Wheat prices have risen about 42 cents in recent days and Oklahoma State University Extension Grain Marketing Specialist Kim Anderson tells Lyndall Stout in his preview to this week's SUNUP program that it is due to what's going on right now out in the fields.

"Probably the biggest factor behind the price increase is the crop conditions that the USDA released this last week. If you look at Oklahoma crop conditions the poor to very poor went from eight percent to 24 percent. The good to excellent category went from 63 to 36 percent. We had a like decline in the Kansas crop. Of course the Texas crop there's a small change in it to the worse, but the Texas crop was already in relatively poor condition due to the drought anyway."

He says slight changes downward in ending stocks are likely to be seen next week when the USDA releases its WASDE report on Monday. This should also put upward pressure on grain prices.

Also this week on SUNUP:

--Jody Campiche helps producers sort out more information about the 2014 Farm Bill, including livestock disaster assistance, commodity programs and crop insurance.

--In Cow-Calf Corner, Glenn Selk tells us the average delivery times to expect for cows and heifers.

--Then, Derrell Peel analyzes the annual USDA Cattle Inventory report for the U.S. and Oklahoma.

--In the Mesonet report, Al Sutherland and Gary McManus look at the recent cold temperatures and the expanding drought conditions.

--In Shop Stop, Randy Taylor and Wayne Kiner show tractor safety tips.

---Next, SUNUP takes a look at the alpaca industry at the recent A-OK Alpaca Blastoff in Guthrie. Dr. Melanie Boileau, a food animal veterinarian at OSU's Center for Veterinary Health Sciences, talks about alpaca care, diet and nutrition, and their suitability to Oklahoma's climate.

-Finally, Eric Rebek explains why the brown marmorated stink bug is an invasive species.

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


Kim Anderson says crop conditions and Monday's WASDE report are driving wheat prices higher.
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