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


Agricultural News

This Week on SUNUP - OSU's Kim Anderson Anticipates Little Change in Upcoming WASDE Report

Thu, 07 Sep 2017 18:14:46 CDT

This Week on SUNUP - OSU's Kim Anderson Anticipates Little Change in Upcoming WASDE Report This week on SUNUP - Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson and host Dave Deeken discuss pre-report expectations for the September 2017 edition of the US Department of Agriculture’s World Agricultural Supply and Demand Estimates, scheduled for release this coming Tuesday, September 12th.

According to Anderson, little is expected to change in this report from last month. He compared what minor edits might show up. He says, analysts believe the USDA will lower expected corn production to 14 billion bushels even, from 14.15 billion last month. Soybean production is expected to be lowered from 4.38 billion bushels last month to 4.32 billion.

In ending stocks, wheat is anticipated to be lowered from 933 million bushels, to 914 million. Corn ending stocks show a little downward movement from 2.27 billion bushels to 2.13 billion. And, soybean stocks expected to get the biggest adjustment from 475 million bushels to 439 million.

Expectations for world production are coming in at 7.8 billion bushels for corn, down from 7.9 billion. Soybeans showing a miniscule drop in the world market of about 20 million bushels, leaving expectations at roughly 3.6 billion. And finally, wheat probably stands to lose another 20 million bushels down from 9.73 to 9.71 billion.

In addition, Anderson says cotton markets are paying attention to the Hurricanes in the Gulf, but what is impacting prices even more than that, is lower worldwide production and cooler weather across the Great Plains, which could hinder the crops maturity.

Looking ahead, though, when it comes to the price of wheat next June, Anderson says you must take into account the significant increase in worldwide production, specifically focused in the former Soviet Union states. He says for prices to get back up around $5.00 - the US wheat production would essentially need to be taken offline for a time, to get world production levels to 26 billion bushels or below.

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.



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

  • Jimmy Kinder of Walters Receives Noble's Leonard Wyatt Memorial Outstanding Cooperator Award  Fri, 15 Jun 2018 14:53:52 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, June 15, 2018  Fri, 15 Jun 2018 14:37:23 CDT
  • Friday Market Wrap-Up with Justin Lewis  Fri, 15 Jun 2018 14:33:05 CDT
  • Friday Afternoon Market Wrap-Up with Carson Horn  Fri, 15 Jun 2018 13:50:51 CDT
  • US Grains Council Asserts Administration is Casting Imposition on Farmers with Tariffs Targeting China  Fri, 15 Jun 2018 12:53:08 CDT
  • President Trump's $50 Billion Tariff Announcement a Harsh Reality for America's Soybean Growers  Fri, 15 Jun 2018 12:48:42 CDT
  • More Farmers are Going Off Grid - Solar Energy Gaining Ground as Costs Become More Competitive  Fri, 15 Jun 2018 12:44:25 CDT
  • Patti Townsend of Milburn, Okla. Recognized as a Significant Woman in Oklahoma Agriculture  Fri, 15 Jun 2018 12:38:42 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.