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Agricultural News


Kim Anderson Sees Bigger Stocks Giving Us Low Wheat Prices for Awhile- Kim and Lyndall Stout on SUNUP

Thu, 13 Oct 2016 18:16:57 CDT

Kim Anderson Sees Bigger Stocks Giving Us Low Wheat Prices for Awhile- Kim and Lyndall Stout on SUNUP Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks wheat prices with SUNUP's Lyndall Stout this week- and analyzes the latest Supply and Demand reports, comparing current stock to use ratios and prices with those of comparable years from the 1980s and 1990s. Ending stocks for wheat totals 1,138,000,000 bushels - a 38 million bushel or 3.5 percent increase for all wheat. For HRW though, ending stocks increased 9.7 percent to 601 million bushels. That's the highest since 1986-87, according to Dr. Anderson. He says stocks to use ratios look slightly better than ending stocks, coming out at 50 percent, roughly the same as last year. That is the highest since 1985 when the stocks to use ratio was 97 percent. Dr. Anderson says the lowest ratio ever was in 1995 at 16 percent when the price was at $4.55/bushel. Currently though, prices have ranged between $2.70 - $2.85. Since June 1st, prices have averaged at $3.10/bushel, reflecting prices similar to those in the mid-1980s.



Although these numbers tell a dismal tale, Dr. Anderson rationalizes that prices must stay low for now to discourage planting of more wheat acres while wheat inventories remain high. However, his expectations are that the markets will raise prices to encourage producers to add nitrogen to their crops and produce a milling quality product.




You can watch their visit tomorrow or Sunday on SUNUP- but you can hear Kim's comments right now by clicking on the LISTEN BAR below.




Beyond Lyndall's weekly chat with Dr. Anderson- the SUNUP crew has a very full lineup for your viewing this weekend:




This week on SUNUP, we'll get a progress report on fall wheat and canola planting from David Marburger and Josh Lofton.



- In Cow-Calf Corner, Glenn Selk explains body condition scores and looks at the ideal score range for most cattle.



- Next, in Vet Scripts, Dr. Barry Whitworth offers tips on identifying and managing parasites in sheep and goat herds.



- In the Mesonet weather report, Al Sutherland analyzes this week's temperature shift, the Cattle Comfort Advisor and 30-day rainfall totals.



- Then, we're at OSU's North Range with Dave Lalman for a demonstration on how to work calves in the pasture.



- Kim Anderson covers the latest WASDE report.



- We take a sentimental journey from Hughes County as a long-time FFA member shows a goat for the final time at the Tulsa State Fair.



- Finally, we invite viewers to the Cowboy Stampede Rodeo at the Payne County Fairgrounds in Stillwater, October 20-22.




Join SUNUP:




Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA-TV






   






   

Listen to OSU's Dr. Kim Anderson on this week's SUNUP, talking the latest Supply & Demand Report
right-click to download mp3

 

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