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


Freeze Damage and Drought Playing a Part in Wheat Futures, Kim Anderson Says

Thu, 20 Mar 2014 15:36:46 CDT

Freeze Damage and Drought Playing a Part in Wheat Futures, Kim Anderson Says
Despite some drops toward the end of the week, wheat markets have been on an upward trajectory. Oklahoma State University Extension Grain Marketing Specialist Kim Anderson runs the numbers for Lyndall Stout in his preview for this week's SUNUP program.


"We've had a really good run in wheat prices-about $1.80 since early February. You look at that July contract price and it's up near $7.80. If it can close above $7.81 two consecutive days, then $8 will be the next target. That contract also has price support down at $7.58."


Anderson says the run-up in grain prices has extended to canola as well which has seen about a $1.40 increase in the past three weeks.


As harvest draws closer, Anderson says freeze damage and dry conditions have dropped yield potentials both for wheat and canola.


"It's dry out there. You look over a good part of Oklahoma, if you go all the way down to 32 inches there's a shortage of soil moisture. So, it's going to take rain. We need ten to 12 inches just to get back to even, but timely rains of a half inch to an inch could get us some good yields. But, right now, we're probably 20 percent down in canola and who knows how much down in wheat. Wheat is in poor condition."


Given those conditions, Anderson says he would recommend producers to forward contract no more than 25 percent of their crop at this time.


Also this week, SUNUP visits the 2014 Oklahoma Youth Expo in Oklahoma City.

-Congressman Frank Lucas discusses the new farm bill and what it means for Oklahoma producers. Then, Jody Campiche offers advice on selecting farm bill commodity programs, livestock disaster assistance and the potential program implementation timeline.

-In the Mesonet report, Al Sutherland recaps the recent rainfall and wind speeds, and looks at their impact on soil moisture. He also shows the latest drought monitor, which is expanding across Oklahoma.

-Derrell Peel explains why beef and pork prices are soaring, while poultry prices are not.

-In Cow-Calf Corner, Glenn Selk covers OSU research on how restricted diets impact heifer rebreeding rates.

-In Shop Stop, Randy Taylor and Wayne Kiner demonstrate how to test a vehicle's electrical system.

-Finally, Saleh Taghaveian shows the different types of soil moisture sensors available for irrigation systems and invites viewers to a World Water Day event on the OSU campus Monday, March 24.


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


   

      

Lyndall Stout talks with Kim Anderson about the trend for wheat markets now through harvest.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. September 30, 2022  Fri, 30 Sep 2022 16:43:53 CDT
  • Chairman David Scott Releases Statement Congratulating Vincent Garfield Logan on His Confirmation to Farm Credit Administration Board  Fri, 30 Sep 2022 15:07:33 CDT
  • Op-Ed from Kenneth Corn: USDA- We Serve Rural Communities Too  Fri, 30 Sep 2022 14:57:02 CDT
  • Hard Red Winter Wheat production lowest since 1957  Fri, 30 Sep 2022 14:44:28 CDT
  • Latest Southern Plains Perspective Blog: Hot, dry, dust and smoke all outside the back door.  Fri, 30 Sep 2022 13:47:21 CDT
  • Wheat Production Estimates for Oklahoma Fall Six Percent from August to September   Fri, 30 Sep 2022 12:16:36 CDT
  • Younger Cows are Starting to Come to Town, Says Bob Rodenberger  Fri, 30 Sep 2022 10:46:55 CDT
  • BASF's First Bale of Cotton Helps Raise Money for Scholarship  Fri, 30 Sep 2022 10:12:04 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.