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


Kim Anderson Says Latest WASDE Projections Above Market Expectations, Causing Drop in Prices

Thu, 13 Jul 2017 16:16:19 CDT

Kim Anderson Says Latest WASDE Projections Above Market Expectations, Causing Drop in Prices This week on SUNUP! Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson joins host Lyndall Stout again, with an update on the US Department of Agricultureís latest World Agriculture Supply & Demand Estimates report.



According to Anderson, most of the information included in this report could be viewed neutral to slightly positive, given the current market situation. He reports the data shows global wheat production is slightly lower compared to the previous monthís report. Domestic ending stocks, though, were raised slightly, but lowered a bit worldwide. He also notes that the average annual price for the 2017/18 marketing year for wheat was raised by approximately $0.50.



The problem, however, is that the information in this edition of the WASDE report, was above market expectations. This caused the trade to adjust the price of wheat down.



Despite the dip in price, Anderson has good things to say about this yearís crop. He says HRW wheat this year is looking relatively good, with excellent milling qualities and good test weights at near 60 lbs. the average. However, protein levels are disappointingly low. Anderson says the takeaway from this yearís crop, is to consider protein premiums. He insists they will be around next year, too, and will be available to producers who find ways to take advantage of them.



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 Dr. Andersonís weekly chat - the SUNUP crew has a very full lineup for your viewing this weekend:



This week on SUNUP, Carol Jones shows us around the new OkState Fire Protective Services Training, grain bin safety demonstration trailer.



- In the Mesonet weather report, Gary McManus explains why drought is lingering in some parts of the state.



- Dave Lalman has a formula for determining how many animal units to use when estimating pasture stocking rates for cattle.



- In Cow-Calf Corner, Glenn Selk says it is important to test nitrate levels in potential hay crops before cutting.




- Finally, in Shop Stop, Wayne Kiner and Randy Taylor explain the importance of safety overload devices on PTO-driven equipment.




Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV




   




   

You can watch their visit tomorrow or Sunday on SUNUP- but you can hear Kim's comments right now
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Drought Conditions Continue to Choke Crop and Pasture Ratings in this Week's Crop Progress Report  Mon, 24 Jul 2017 17:11:31 CDT
  • OSU Animal Science Department Ranch Tour a Success, Ranchers Enjoy Lively Exchange of Ideas  Mon, 24 Jul 2017 16:32:28 CDT
  • Monday Market Wrap-Up with Justin Lewis  Mon, 24 Jul 2017 15:53:44 CDT
  • Cows Sell Steady to Higher on Monday at OKC West Livestock Auction in El Reno, Oklahoma  Mon, 24 Jul 2017 15:36:05 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Monday July 24, 2017  Mon, 24 Jul 2017 15:24:55 CDT
  • Ample Technical Assistance Funding Granted to Conservation, But NACD Dismayed Over EQIP Cuts  Mon, 24 Jul 2017 15:19:14 CDT
  • National Cattlemen's Beef Association Top Lobbyist Visits with OK Cattlemen's Association Members  Mon, 24 Jul 2017 14:57:01 CDT
  • Monday Afternoon Market Wrap-Up with Carson Horn   Mon, 24 Jul 2017 14:07:45 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