Agricultural News
Kim Anderson Talks USDA Supply Demand and Plantings Numbers for This Weekend's SUNUP
Thu, 31 Mar 2016 21:15:04 CDT
Oklahoma State University Extension Grain Marketing Specialist Dr. Kim Anderson says that the pair of USDA reports released of interest to the grain markets on Thursday showed the market watchers right on target with portions of the reports- and badly off on several of the key numbers in the Prospective Plantings Report.
Dr. Anderson, in talking with Dave Deken for this weekend's SUNUP broadcast that will be seen on OETA, says the acres that farmers are saying they will plant to corn are far bigger than what the trade was expecting- over 93 million acres predicted by USDA versus the pre report average guess of just over 90 million acres. The extimate from USDA was over five million acres more than what was planted in 2015.
Anderson adds that the cotton acres predicted by USDA- 9.65 million acres- was also well above the pre report guesses of 9.4 million acres.
Anderson and Deken also talked about the condition of the 2016 Oklahoma Winter Wheat Crop- Anderson points out the crop conditions have held close to steady in recent weeks, and is in far better shape than the ratings we were facing at this time a year ago. And Dr. Anderson reiterated his belief that it will take a crop failure somewhere in the world to break wheat prices out of the current range- absent of that- he expcts wheat prices that Oklahoma producers will be getting will be where prices currently are- $4 to $4.50 per bushel.
Kim Anderson's comments are a part of this weekend's SUNUP- and you can take an early listen to Kim right now by clicking on the LISTEN BAR below.
Beyond the segment with Dr. Anderson- here's the rest of the April second SUNUP that you can check out Saturday morning:
Jeff Edwards has an update on the wheat crop, then Bob Hunger says stripe rust has become more prevalent in wheat and has advice for controlling it.
Josh Lofton explains how much freeze damage a canola crop can handle.
In the Mesonet report, Al Sutherland shows us where in the state soil temperatures are reaching 60F and Gary McManus shows us where the drought is intensifying, but says rain chances could increase.
In Cow-Calf Corner, Glenn Selk tells us what research says about weening fall-born calves.
In Food Whys, Jim Brooks looks at the difference between "use by" and "sell by" dates.
Finally, SUNUP's newest team member, Kurtis Hair, tells us how Oklahomans are helping ranchers in Woods County following the recent fires and Greg Highfill shares what lies ahead for ranchers.
Join us for SUNUP:
Saturdays at 7:30 a.m. & Sundays at 6 a.m. on OETA-TV
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