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


Below Average Production Worldwide Moves Cotton Market While the Dollar Steals the Spotlight

Thu, 03 Nov 2016 18:10:42 CDT

Below Average Production Worldwide Moves Cotton Market While the Dollar Steals the Spotlight Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks wheat prices with SUNUP's Lyndall Stout this week- but first he gives a run down on the status of global cotton production. Currently cotton futures prices have fell between a range of $68 - $72 since September 1st, with weak support from the December contract at $68 and strong support at $66.


According to Dr. Anderson, the overall movement in the cotton market is being driven because of widespread sub-average production around the world. Anderson reports that the USDA has marked world cotton production at 102.7 million bales at this time with the five-year average being 115.4 million.


Foreign production totals well below the average of 102.2 million bales at only 86.7 million. In the East, China has produced only 21 million bales, below their normal of 30.8 million. India also below its average of 28.9 million yet less drastically at 26.5 million. Domestically though, US production is right at its normal hitting just below the 16 million average at 15.9. Anderson notes that Oklahoma’s crop is recorded above normal this year.


Anderson also explains that wheat prices remain wallowing in the $3 vicinity, with attentions now focusing more on the value of the dollar, which Anderson says will impact both cotton and wheat prices. Currently, the dollar sits at approximately $97.23 having reached as high as $99, with support at $96.90. Anderson concludes the futures index has stayed between the $95 - $99 for the last six to eight months.



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 travel to Oklahoma's cotton country to talk with Extension Cotton Specialist Randy Boman about the 2016 crop.



- In the Mesonet report, Al Sutherland and Gary McManus compare October 2016’s precipitation and temperatures to average.



- Then, Dr. Barry Whitworth explains how the bovine leukemia virus is contracted in cattle and has suggestions to prevent the spread.



- Derrell Peel says cattle prices may have found the bottom of a “skittish” market.



- In Cow-Calf Corner, Glenn Selk cautions against feeding forage sorghum to livestock following a frost.



- Dave Lalman shows us a new way to feed distillers grains as a winter supplement.



- Kim Anderson says world cotton supplies may not hit the average, but the U.S. is on track to do so.



- Finally, in Naturally Speaking, John Weir has advice for preparing a home for wildfires.



Oklahoma Agriculture Starts at SUNUP!




Join SUNUP:




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



   



   

Listen to SUNUP's Lyndall Stout and Dr. Kim Anderson talk global cotton production and wheat prices
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Thursday December 5 2019 Market Wrapup with Justin Lewis  Thu, 05 Dec 2019 17:04:42
  • House Ag Committee Members Offer Bi-Partisan Praise for Food for Peace Program  Thu, 05 Dec 2019 16:43:50
  • Pork Board Chairman David Newman Talks Pork Checkoff 4.0  Thu, 05 Dec 2019 16:35:02
  • Animal Ag Alliance Watching the Anti Animal Ag Crowd- Hannah Thompson Weeman Explains  Thu, 05 Dec 2019 10:18:56
  • Diamond Anniversary Year for AFR/OFU Speech Contest- Finals This Saturday  Thu, 05 Dec 2019 09:59:47
  • Thursday Preopening Market Update with Dave Lanning  Thu, 05 Dec 2019 07:27:18 CST
  • Oklahoma Conservation Commission Celebrates World Soil Day on Thursday December 5th  Wed, 04 Dec 2019 22:37:38
  • Wednesday December 4, 2019 Market Wrapup with Justin Lewis  Wed, 04 Dec 2019 22:00:31

  • 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

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


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

    WebReady powered by WireReady® Inc.