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


Agricultural News

Market Specialist Kim Anderson Says Producers will be "Lucky" to get $4.25 for Wheat at Harvest

Thu, 02 Feb 2017 17:13:59 CST

Market Specialist Kim Anderson Says Producers will be This week on SUNUP - Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson joins Dave Deken talking wheat prices. Anderson predicts over the next several weeks, wheat prices will continue to move sideways. Currently, he says we have seen prices fall about $0.15 early in the week and have since captured some of that back.

When asked about expected harvest prices though, Anderson referred to a recent conversation he had. He claims a well-reputed analyst told him that based on his calculations, he only expect harvest delivered wheat prices to reach $2.75 - $2.80 in July near the Oklahoma and Kansas City area. Anderson however, insists he is not that pessimistic - and suggests that on the safe side, he could see prices ranging anywhere from $3.75 - $4.25.

To reach the top-end of that range though, Anderson says it will take a wheat crop with high protein levels of at least 11.6 - 12 percent and a test weight of 60 lbs.

For farmers who have invested in inputs this year, he says they will most likely incur a cost of production loss. To make any returns on that wheat he says, prices will need to reach up to $4.50 to the $5.00 level to offset the variable cost of production.

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 their 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 Josh Lofton explaining why canola plants may die if planted after certain wheat varieties in no-till fields.

- Then, to sort out the science behind a recent story that made national news, Dave Lalman tells us why cattle may have a sweet tooth and can benefit from some candy in their feed.

- In Cow-Calf Corner, Glenn Selk has an overview of behaviors and other signs indicating a calf is on its way.

- Derrell Peel says the Oklahoma cattle industry only took four years to bounce back following record liquidations during the drought.

- In the Mesonet weather report, Al Sutherland and Gary McManus recap January’s precipitation and temperatures, and analyze what February may have in store.

- Kim Anderson says producers would be “lucky” to get $4.25 for wheat at harvest and likely will take a loss.

- Finally, we travel to Noble County to learn why prescribed burn associations are trying to change the perception of fire in Oklahoma.

Join us for SUNUP:

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



Listen to Dr. Kim Anderson and Dave Deken talk about wheat prices at harvest this week on SUNUP
right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Cattle on Feed a Bearish Surprise with Placements Five Percent Above Trade Expectations  Sat, 21 Oct 2017 10:31:54 CDT
  • EPA Admin. Scott Pruitt Changes His Tune in Letter to Senators, Promising to Strengthen the RFS  Fri, 20 Oct 2017 15:59:18 CDT
  • Piper Merritt Hopes to Hang Her Hat Among the National FFA Officers Who Call Oklahoma Home  Fri, 20 Oct 2017 15:48:28 CDT
  • ACC Calls Upon Global Leaders to Take Action Against IARC Over Deliberate Manipulation of Data  Fri, 20 Oct 2017 14:52:16 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, October 20, 2017  Fri, 20 Oct 2017 14:43:08 CDT
  • OK Cattlemen's Association's Michael Kelsey Confronts Out-of-State Challengers to Checkoff Initiative  Fri, 20 Oct 2017 14:36:09 CDT
  • Friday Market Wrap-Up with Justin Lewis  Fri, 20 Oct 2017 13:59:30 CDT
  • Friday Afternoon Market Wrap-Up with Carson Horn  Fri, 20 Oct 2017 13:52:03 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa 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