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


What Wheat Traits Will Pay at the Elevator in 2017 - OSU's Dr. Kim Anderson Has the Answers

Thu, 01 Dec 2016 18:35:38 CST

What Wheat Traits Will Pay at the Elevator in 2017 - OSU's Dr. Kim Anderson Has the Answers Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks wheat prices on SUNUP this week - and this time he explains what crop traits will pay at the elevator in 2017.


Producers should be on the lookout for two things when harvesting this next crop: test weight and protein, says Dr. Anderson. According to him, the wheat in bins right now is only averaging 11.2 percent protein. And the previous year's crop only weighed in at 55 to 56 lbs. test weight. Both these numbers are lacking in desirability to millers.


Looking at Kansas City, Anderson says the protein basis rests at the 11.2 percent level and is valued at a 0.55 premium. However, jumping up to 14 percent protein wheat, if you can find it, will bring you a $1.66 basis premium, leaving a $1.05 spread between 11.2 and 14 percent protein wheat.


Anderson insists there is money to be made here, although he advises producers not to put all their eggs in one basket as the elevators can't guarantee a premium payout upon delivery. But, he says in order to capture the highest price come harvest, 2017's wheat crop will need to carry at least 12 to 14 percent protein and a test weight of 60+ pounds.


"The higher the protein, the higher the test weight, the more valuable that crop is going to be," Anderson said.


If you plan to build your own storage bins, Anderson says that could potentially pay off, but cautions those doing this to maintain the quality of their wheat once it goes in. He insists it is imperative to protect it from insects, heat and moisture.


"All you got to do is lose one bin and it'll take all your profits with it," Anderson warns.


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 discuss upcoming changes to the Veterinary Feed Directive with University of Tennessee's David White and Oklahoma Extension Veterinarian Dr. Barry Whitworth.



- Then, Bob Hunger has an update on wheat rust in Oklahoma.



- In Cow-Calf Corner, Glenn Selk says it's important to check calving equipment before you need it.



- Derrell Peel explains how recent rallies in the cattle markets could carry through to the end of 2016.



- Kim Anderson says getting a premium for wheat is worth the work.



- In Food Whys, we learn about scoring cuts of beef from Gretchen Mafi.



- Finally, we mark the 75th anniversary of Pearl Harbor with a look at the way Oklahoma agriculture changed after December 7, 1941.



Oklahoma Agriculture Starts at SUNUP!


Join SUNUP:




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




   



   

Listen to Dr. Kim Anderson talk what traits producers will need in 2017 to make their wheat pay
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Youth Expo Sale of Champions Sale Order Available Here- Sale Set for 4 PM Friday  Fri, 17 Mar 2023 04:50:54 CDT
  • Rural Voters Dominated Vote to Defeat Recreational Marijuana March 7th  Fri, 10 Mar 2023 07:13:05 CST
  • Ron Hays Talks to Israeli Ag Tour Guide Colin Lotzof About the Miraclel of Ag in Israel  Wed, 22 Feb 2023 22:11:04 CST
  • OALP Members Experience First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:51:49 CST
  • OALP Members Get First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:50:10 CST
  • Oklahoma Ag Leadership Program Sees Fruit, Beef and Dairy Production North of the Sea of Galilee in Israel  Mon, 20 Feb 2023 21:56:02 CST
  • Oklahoma Ag Leadership Program Sees Diverse Farm Operations in Jordan River Valley of Israel  Sun, 19 Feb 2023 21:17:30 CST
  • Israeli Tour Guide Mark Kedem Talks About The Cultural Aspects of What Class XX of OALP is Experiencing   Sat, 18 Feb 2023 22:17:23 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       
       
       
       
       

    Search OklahomaFarmReport.com

    © 2008-2024 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.