Agricultural News
Kim Anderson Analyzes Oklahoma Wheat Crop and Price Outlook
Thu, 23 Apr 2015 20:24:28 CDT
Spring rains have renewed optimism for the Oklahoma wheat crop. Oklahoma State University Grain Marketing Specialist Kim Anderson has been traveling the state talking with farmers and walking fields. The U.S. Drought Monitor shows the southwestern part of the state has been hit the hardest by drought, but he has found the area around Altus and Fredrick probably the best wheat in the state. He found the crop around Clinton looks relatively close to average. In northern Oklahoma, he said they are looking at about 50 - 75 percent of a normal wheat crop, as the moisture came too late. For this crop to reach its potential, Anderson said the weather needs to stay cool. If it get hot and dry, that will shrink the berries and the crop's yield potential will decrease.
In looking at wheat market, Anderson said the July Kansas City wheat contract has come down to $5.10, which appears to be a floor, as wheat has bounced back up 15 - 20 cents. In this weekend's edition of SUNUP, host Lyndall Stout asks about the factors driving the wheat market. Anderson said the weather, along with the funds and the value of the U.S. dollar.
"That high value of that dollar relative to other currencies, that is really having a negative impact on our prices," Anderson said.
In looking at the outlook for wheat prices at harvest, Anderson is predicting $5.25 for mid-June. If the weather turns hot, then he said the price could go up to $5.50. Depending on location, cash prices would be 15 to 20 cents lower than that.
SUNUP can be seen on OETA across the state of Oklahoma- Dr. Anderson's segment on the markets is one of the standard features of this weekly show from Oklahoma State University.
This week on SUNUP, we talk with Tom Royer about scouting and identifying common spring insects in Oklahoma crops.
-In Cow-Calf Corner, Glenn Selk explains how pregnancy tests can help producers make heifer culling decisions.
-Next, Kim Anderson discusses statewide wheat crop conditions and other factors currently influencing the market.
-In the Mesonet report, Al Sutherland and Gary McManus look at the impact of recent rainfall on soil moisture levels and also analyze the latest drought monitor.
-Chuck Willoughby shows us the economic impact of the Made in Oklahoma Coalition, in Food Whys.
-In Shop Stop, Wayne Kiner and Randy Taylor demonstrate how to install safety switches in electrical equipment.
-Finally, we revisit a favorite SUNUP segment from Cleveland County on wildlife food plots. Interviews include Dwayne Elmore, Heath Herje and Andy Wooliver, a local producer.
Catch SUNUP:
Saturdays at 7:30 a.m. & Sundays at 6 a.m. on OETA-TV
Catch SUNUP online through the OSU website by clicking here or through YouTube by clicking here.
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