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Agricultural News


OSU's Kim Anderson Says Big Global Wheat Crops Likely to Keep Wheat Price Well Under Cost of Production

Fri, 29 Jul 2016 03:33:02 CDT

OSU's Kim Anderson Says Big Global Wheat Crops Likely to Keep Wheat Price Well Under Cost of Production Current wheat prices are close to $2 lower than the cost of production for a lot of wheat growers, but OSU Extension Grain Market Economist Dr. Kim Anderson says there’s just not much happening in the global market to cause any drastic price bumps in the near future.


With about 70 percent of this year’s wheat in the bin, Russia is expecting its largest harvest since the collapse of the Soviet Union. Anderson says crops in Ukraine, Argentina and Australia also look strong.


Recent heavy rainfall has threatened the yield and quality of France’s crop, but Anderson doesn’t think the losses will be enough to make up for the extremely large surplus seen around the world.


For producers back home with wheat in the bin, Anderson continues to recommend the marketing assistance loans through the FSA. He also encourages producers to plant wheat this fall but suggests not planting marginal acres.


You can hear Anderson’s comments that will be a part of SUNUP this weekend a day early by clicking on the LISTEN BAR below.


In addition to the the weekly Kim Anderson grain market outlook segment - here is the lineup of what will be seen and featured on this weekend's SUNUP program on OETA:

- Brian Arnall shares research about soil nutrition ahead of wheat planting.


- We introduce a new segment with Barry Whitworth DVM, Extension veterinarian. This week he discusses pinkeye in cattle.


- In the Mesonet weather report, Al Sutherland shows us how heat and moisture are associated, and Gary McManus explains some of the elements that go into declaring a drought.


- Josh Lofton looks at how sorghum can fit into a summer cropping program. He also has information about next week’s Winter Canola Schools.


- In Cow-Calf Corner, Glenn Selk explains why when harvesting nitrate-prone crops, it’s not time of day that matters, rather it’s soil nutrition that impacts forage quality.


- Derrell Peel explores the latest cattle on feed report.


- Finally, we look at Oklahoma’s 95th 4-H Roundup from the perspective of three 4-Hers’ in their first and final years.


The weekly program can be seen Saturday at 7:30 a.m. & Sunday at 6 a.m. on the statewide OETA network of stations.



   
   

Lyndal Stout of SUNUP talks wheat markets with Dr. Kim Anderson
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