This Week on SUNUP - Kim Anderson Cautions Farmers About the Siren Song of Growing CottonTue, 21 Nov 2017 16:25:20 CST
This week on SUNUP! - Oklahoma State Grain Market Economist Dr. Kim Anderson joins host Lyndall Stout, talking cotton production this time.
According to Anderson, cotton farmers have had an exceptional year here in the state as well as the nation and even globally, with record or at least near-record production. He says production this year has greatly exceeded expectations from two to three months ago.
With such good production, Anderson says one would expect the price of cotton to be tanking, but in fact it is actually faring with some steady resilience. Anderson reports that cotton futures are running mostly $67-70/cwt. currently and has continued to move sideways in that range for some time now.
Compared to wheat growers, those that have cotton in the ground stand to be more profitable right now. However, Anderson cautions farmers considering a rotation out of wheat into cotton. He says that while there is some money to be made at the moment, the current trend looks as if the number of acres rolling into cotton from wheat will likely grow. His advice is that cotton markets will probably not sustain a profitable price level in the long term. He encourages producers to put pencil to paper and figure out if such a move makes sense for their operation - with the understanding that cotton is much more expensive to produce, has more associated risk and requires the use of expensive equipment.
On a final note, Anderson says that if weather cooperates and more acres are planted in cotton, the price of the commodity will go down - it is just a question of when.
You can watch their visit tomorrow or Sunday on SUNUP - or 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 are in western Oklahoma for harvest of one of the largest cotton crops since the 1930s.
- First, we see how firefighters and grain operators are learning about grain bin safety in a demonstration trailer designed and managed by DASNR and Fire Services Training.
- In Cow-Calf Corner, Glenn Selk explains how wheat pasture plays a role in reproduction of replacement heifers.
- Derrell Peel says demand has remained high for feeder cattle and reports indicate supply is meeting the need.
- In the Mesonet weather report, Al Sutherland tells us where rainfall is up for the year, but down for the quarter.
- In Food Why’s, William McGlynn explains why cold storage helps shelled pecans last longer.
- Finally, we head back to western Oklahoma to see how the faith in the cotton crop is paying off for a local business and a cotton family.
Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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