Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm Programming Radio Oklahoma Network  |  7401 N. Kelley Ave. Oklahoma City, OK 73111  |  (405) 841-3675  |  Fax: (405) 841-3674

advertisements
   
   
   
   
   
   
   
   

Agricultural News


This Week on SUNUP! - Dr. Kim Anderson Reports Some Good News From USDA and the Markets

Thu, 09 Feb 2017 16:34:19 CST

This Week on SUNUP! - Dr. Kim Anderson Reports Some Good News From USDA and the Markets This week on SUNUP - Lyndall Stout is joined once again by Oklahoma State University Extension Grain Market Specialist Dr. Kim Anderson and on this episode, they discuss the recovery of wheat prices from recent dips over the past couple weeks.


“I think there’s good news in the market,” Anderson said. “We did recover most of our losses that we saw two or three weeks ago.”


However, the “real good news” he says is that the forward contract basis for harvest delivered wheat in 2017 has increased about $0.09 over this past week.


“I think that’s good news as we look at harvest,” Anderson remarked, adding that if producers can grow a crop with high protein and test weight, prices could even pick up an additional $0.20.


Anderson also reviews his takeaways from this week’s Supply and Demand report from the USDA. Overall, he claims no major surprises came out in the report other than some good news that both US and world ending wheat stocks have been lowered by 50 million and 116 million bushels respectively.


“Even if the world is still at a record 9.2 billion, less is still better,” Anderson said.


Looking ahead to this year, Anderson believes ending stocks will not change too dramatically from what they are. He believes the lower production comes in the closer farmers get to securing what he’s calculated as $4.75 for a national average price come harvest, with Oklahoma’s average price running below that at $0.50 less. He says, too, if this trend continues and the numbers come to fruition as he sees them, by next year, farmers could expect to see wheat prices reach up to $5.00.


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 start with David Marburger explaining Oklahoma State University’s research study on dual-purpose wheat yields.


- In the Mesonet weather report, Al Sutherland shows us how the recent cold snap felt to cattle and what parts of the state should be scouting for first hollow stem.


- Then, Dave Shideler explains why famers markets play an important role in the community and provides information about the upcoming Oklahoma Farmers Market and Agritourist Conference.


- In Cow-Calf Corner, Glenn Selk walks us through the different stages of calving.


- Brian Arnall discusses some of the new apps for farmers and ranchers.


- Kim Anderson says we could see five-dollar wheat next year.



Join us for SUNUP:


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



   



   

Listen to Lyndall Stout and OSU's Dr. Kim Anderson share some good news for producers on SUNUP!
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Thursday Preopening Market Update with Dave Lanning  Thu, 23 Mar 2017 07:14:48 CDT
  • R-Calf Keeps Promoting Charles Herbster as Deputy Ag Secretary to Serve with Sonny Perdue at USDA  Thu, 23 Mar 2017 06:45:06 CDT
  • Fire Ant Quarantine Zone Adds Steps to Making Hay Donations to Wildfire Victims  Thu, 23 Mar 2017 05:27:23 CDT
  • Wednesday Market Wrap-Up with Justin Lewis.  Thu, 23 Mar 2017 04:19:58 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 pm Wednesday, March 22, 2017  Wed, 22 Mar 2017 21:50:10 CDT
  • Carol Cowan of Watonga- A Significant Woman in Oklahoma Agriculture  Wed, 22 Mar 2017 14:18:19 CDT
  • Noble Foundation Helps Launch National Cover Crop Initiative- Designed to Develop New Cover Crops Across the US  Wed, 22 Mar 2017 10:36:39 CDT
  • Wednesday Preopening Market Update with Dave Lanning  Wed, 22 Mar 2017 07:15:18 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Oklahoma City Farm Show Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com


       
       
    © 2008-2017 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® NSI