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


Near Record Global Wheat Harvest and Stocks Projected for 2016 - Kim Anderson Explains

Thu, 19 May 2016 21:33:10 CDT

Near Record Global Wheat Harvest and Stocks Projected for 2016 - Kim Anderson Explains The USDA recently announced projections for the 2016 wheat harvest, and OSU Grain Marketing Economist Dr. Kim Anderson says world production is predicted to be higher than he originally thought.



“You know we talked about being around 26.1 billion bushels a couple of months ago. Of course, the weather changed around the world - in Oklahoma, the U.S. and in the foreign countries,” he says. “The USDA had world wheat production at 26.7 billion bushels.”



Last year’s harvest produced 27 billion bushels of wheat, which is the current record. Anderson says the last three to four years of record or near record production - combined with this year’s bumper crop - will put world ending stocks up over 9 billion bushels.



Because about 50 percent of Oklahoma wheat is sold on the export market, Anderson says that record ending stocks number will affect prices here at home.



“Higher production, higher ending stocks means lower prices, which were experiencing now,” he says. “We got Oklahoma prices in the $3.70 to $3.90 area.”



Current prices means producers can’t afford discounts at the elevator. Anderson once again stresses the importance of delivering clean wheat. He told SUNUP’s Dave Deken dockage can range from a $.05-$.12 discount and foreign material discounts start at $.02 for .5 percent, goes up to $.50 for 3.1 percent and get worse from there.



“The discounts are serious this year because the market wants a quality product; they want a clean product,” he says.



You can watch Kim and Dave this weekend on SUNUP, or you can get an early listen to his comments by clicking on the LISTEN BAR below.



In addition to Kim's update on world wheat projections, SUNUP will feature stories from the North Central Research Station wheat field day near Lahoma, starting with an update on wheat varieties with Jeff Edwards.

- Then, Brett Carver explores the traits of future wheat varieties the OSU Wheat Improvement Team is currently researching.

- In Cow-Calf Corner, Glenn Selk explains how weight can impact the percentage of cycling heifers.

- Next, Derrell Peel says the bump in cattle prices is unusual for this time of year.

- In the Mesonet report, Al Sutherland shows the parts of the state that benefited from the recent rains and the parts that are still dry.

- Finally, Josh Lofton looks at which canola varieties performed the best this year.

Join Lyndall and Dave for SUNUP: Saturdays at 7:30 a.m. & Sundays at 6 a.m. on OETA-TV




   



   

right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • OSU's Glenn Selk Offers his Advice on When to Intervene and Assist a Cow or Heifer in Labor  Tue, 20 Aug 2019 17:45:45 CDT
  • Viginia Tech's Rob Rhoads Talks Shares his Advice on How to Prevent Heat Stress  Tue, 20 Aug 2019 17:36:48 CDT
  • Steer and Heifer Calves were too Lightly Tested for an Accurate Trend, However a Higher Undertone was Noted in Tuesday at OKC West   Tue, 20 Aug 2019 16:44:28 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Tuesday, August 20, 2019   Tue, 20 Aug 2019 16:29:11 CDT
  • Tuesday Afternoon Market Wrap-Up with Carson Horn  Tue, 20 Aug 2019 13:57:17 CDT
  • Oklahoma's Unpredictable Climate Makes Water Management in the State a Challenging Trade  Tue, 20 Aug 2019 21:51:28 CDT
  • Charles Rohla Raising Noble Research Institute Up as a Leader Within the American Pecan Industry  Tue, 20 Aug 2019 12:49:42 CDT
  • Charles Rohla Raising Noble Research Institute Up as a Leader Within the American Pecan Industry  Tue, 20 Aug 2019 12:49:16 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.