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


US Not as Competitive in the World Wheat Market as It Once Was, Reports OSU's Dr. Kim Anderson

Thu, 21 Sep 2017 16:11:44 CDT

US Not as Competitive in the World Wheat Market as It Once Was, Reports OSU's Dr. Kim Anderson This week on SUNUP - Oklahoma State University Grain Market Economist Dr. Kim Anderson joins host Dave Deeken again, this time talking about how the world’s wheat market has evolved over the last ten years.


According to Anderson, world production has risen 4.9 billion bushels during the last decade, with current production at a record 27.3 billion bushels this year. The majority of this global increase in production comes from the former Soviet Union countries - Russia and Ukraine, which is up 46 percent. China, India and the European Union have all seen significant increases of their own as well. Anderson says only Argentina and the United States have declined in wheat production.


The issue, though, lies not just with production - but yield. On average, Anderson says the world yield average was 42 bushels per acre 10 years ago. Today, it has increased 20 percent to 50 bpa. The US has gone from 42 bpa to 47, an increase of 12 percent. Oklahoma’s average yield, however, has dropped nearly 14 percent during this time, from 33 to 28 bpa.


If you look at harvested acres, though, the world has increased by three percent, while the US and Oklahoma have lowered harvest acres by six and 18 percent, respectively. Anderson says the increase in yield is what is boosting production.


So, what’s really behind all this? Anderson attributes this expansion in wheat production to the use of new technology and improved management practices being adopted across the world - a change Anderson believes is here to stay.


The good news, though, at least in the short term, Anderson says he believes the price of wheat to be bottoming out. With both Argentina and Australia reeling from unfavorable weather conditions as they approach their harvest season, Anderson anticipates prices will soon begin to improve.


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. Anderson’s weekly chat - the SUNUP crew has a very full lineup for your viewing this weekend:


This week on SUNUP, we visit the Great State Fair of Oklahoma!


- Misha Manucheri says winter crop producers should start planning a strategy to manage weeds.



- In the Mesonet weather report, Al Sutherland shows us which parts of the state got a little rain last week. Then, Gary McManus has an outlook that may contain slightly more rain.



- Damona Doye has information on protecting personal information following a recent cybersecurity hack.



- Then, we head to Grant County to see how 150 years has changed the Chisholm Trail.



- In Cow-Calf Corner, Glenn Selk explains why producers should consider temperament when making decisions about culling cattle.



- Derrell Peel says calf and stocker producers should watch the markets in the near future.



- Finally, we learn what goes into judging 4-H exhibits at the Great State Fair of Oklahoma!




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

  • Governor GOP Candidates Mick Cornett and Kevin Stitt Answer Questions Important to Farmers, Ranchers and Rural Oklahoma  Sat, 21 Jul 2018 18:07:50 CDT
  • Industrial Hemp Cultivation Taking Off in Oklahoma as State Gears Up for New Research Opportunity  Fri, 20 Jul 2018 18:05:57 CDT
  • CattleFax's Duane Lenz Kicks Off OCA Convention with Some Challenging, Yet Favorable Forecasts  Fri, 20 Jul 2018 17:31:59 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, July 20, 2018  Fri, 20 Jul 2018 15:22:44 CDT
  • Federal Bank of Kansas City Reports That Large Loans for Livestock Drive Uptick in Farm Lending  Fri, 20 Jul 2018 15:15:23 CDT
  • Trump's Trade Advisor Pete Navarro Accused of Being Out of Touch After "Rounding Error" Remark  Fri, 20 Jul 2018 15:08:30 CDT
  • Land Values Across the Southern Plains Range from Stable to Down 10 Percent Compared to 2017  Fri, 20 Jul 2018 14:58:35 CDT
  • New Fieldprint Calculator Developed by Texas Tech Helps Define Physical, Economic Sustainability  Fri, 20 Jul 2018 14:46:56 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

    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.