Good News from Wheat Tour Rather Limited, Kim Anderson SaysThu, 01 May 2014 18:46:17 CDT
Good news coming out of this year's wheat tour is, unfortunately, rather limited says Oklahoma State University Extension Grain Marketing Specialist Kim Anderson in his preview of this week's SUNUP program.
"That good news would be that some producers are going to harvest some wheat. Wheat is a very resilient plant and it is going to produce a head and a kernel or two. You look at the Oklahoma crop tour and it came in from 66-and-a-half to 70-and-a-half million bushels. You've got to go back to 1957 to get below that when it was 43 million bushels."
He said Kansas is also expecting fewer bushels on fewer acres and Texas is in the worst shape of all.
This factor has already been factored into prices on the futures markets, he said, with the price of the July Kansas City contract jumping from $6 in February to over $8 last week.
"I think that price is because of the drought, it's because of the freeze that has created this thin, low wheat yield and abandoned acres and low production expectations."
Also this week on SUNUP:
-- Dave Lalman discusses the option of returning cattle to wheat fields that will not be harvested.
--In the Mesonet report, Al Sutherland analyzes this week's wind gusts and how the recent rain impacted plant available water.
--In Cow-Calf Corner, Glenn Selk explains the importance of pregnancy checks for replacement heifers after rebreeding season.
--Next, Derrell Peel looks at how 2014 is shaping up for cattle herd expansion.
--SUNUP introduces viewers to Karen and Susan Weckler, a pair of young entrepreneurs. Suzette Barta tells how Extension resources can help people develop ideas into businesses. Then, Dave Shideler explains the impact entrepreneurs have on Oklahoma's economy.
--In Naturally Speaking, John Weir demonstrates portable devices to monitor localized weather.
--Finally, SUNUP airs an invitation to watch the premiere of the documentary "One Hundred Years of Oklahoma Extension" on Thursday, May 8 at 7 p.m. On OETA-TV.
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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