Agricultural News
Oklahoma Wheat Harvest Getting Underway; Quality Could be Good, Kim Anderson Says
Thu, 29 May 2014 18:06:33 CDT
Wheat harvest is getting underway in southern Oklahoma after a brief delay due to last weekend's rain storms. In this week's preview of Saturday's SUNUP program, Oklahoma State University Extension Grain Marketing Specialist Kim Anderson said producers are hoping to make up for this year's lack of quantity with quality.
"The quality of the crop is still a question. I do know that down in Texas, north Texas where they're cutting there, the test weight's good. It's good milling quality wheat. The early cutting down in Frederick and that area was 56-pound test, a low test weight, but the berries were filled out and that was one of the things we were concerned about was shrunken berries."
Anderson said he expects the production will be down in Oklahoma, but the quality could be sufficient to make good milling wheat.
As far as prices are concerned, Anderson said he expects sideways movement in the July contract in the range of $7.20 to $7.60 throughout harvest with the cash basis about 30 cents lower at elevators across Oklahoma.
With the tight hard red winter wheat stocks worldwide, Anderson said he doesn't see much possibility for wheat to drop much below $6.60, but he advised producers who would have some difficulty if the price went that low to consider forward contracting some of their crop at higher prices now.
Click on the LISTEN BAR below to hear Kim Anderson's full report.
Also on this week's SUNUP show:
-- Jeff Edwards looks at how the recent rain could negatively impact the current Oklahoma wheat crop.
-- In the Mesonet report, Gary McManus and Al Sutherland analyze rainfall totals, as well as explain how the rain impacted soil moisture and the drought index.
-- Derrell Peel examines the continuing possibility of herd expansion.
-- In Cow-Calf Corner, Glenn Selk considers the potential benefits of having both a spring and fall calving season on your ranch.
-- In Naturally Speaking, Marley Beem has advice on managing cattails in ponds.
-- Finally, in Food Whys, Andrea Graves compares two marketing programs for Oklahoma-based food products.
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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