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


Kansas City Wheat Futures Are Up- What's a Wheat Farmer to Do? Kim Anderson Explains All

Thu, 01 Mar 2018 18:14:44 CST

Kansas City Wheat Futures Are Up- What's a Wheat Farmer to Do?  Kim Anderson Explains All There will be no SUNUP show on OETA this weekend- but Dave Deken with the SUNUP show did spend a few minutes with Dr. Kim Anderson to get his take on the current status of the hard red winter wheat market.

Dr. Anderson says be cautious about any forward pricing of the 2018 winter wheat crop- even with the recent jump in wheat prices. He tells Deken that if you are areas that got little rain in recent days and the crop still is looking poor to very poor- it would be a mistake to forward contract any wheat as you may have a hard time having enough bushels to meet any obligations that you would incur. He does advise producers in areas that got rain and that the wheat has responded to think about forward contracing a small amount- say ten to fifteen percent of your expected bushels if you are feelig risk adverse.

Dr. Anderson believes that this latest price move is the market telling the wheat producers across the winter wheat belt that it is looking for bushels of good qality wheat. There was been a dollar increase from early December to the first of March in the July 2018 Hard Wheat Futures Contract- and Andeson says that is due in part to droughty conditions in Oklahoma and Texas- and to a lesser extent in Western Kansas.

Globally, Anderson says that China has about half of the wheat in storage in the world- and that if you subtract their stocks from the global totals- the world does not have a glut of wheat.

Click on the LISTEN BAR below to hear Dave Deken and Kim Anderson talk wheat prices and marketing ideas.



   
   

Dave Deken talks wheat marketing strategy with Dr. Kim Anderson of OSU
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Steer and Heifer Calves Sell 2.00 to 4.00 Higher Tuesday at OKC West Livestock Auction in El Reno  Tue, 19 Jun 2018 15:10:35 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Tuesday, June 19, 2018  Tue, 19 Jun 2018 14:34:50 CDT
  • Tuesday Afternoon Market Wrap-Up with Carson Horn  Tue, 19 Jun 2018 14:06:20 CDT
  • Angus Genetic Evaluation Reaches Historic Milestone with Over 500,000 Genotypes Now on File  Tue, 19 Jun 2018 14:02:51 CDT
  • Noble Research Institute Releases "Chisolm," a New Summer-Dormant Tall Fescue Variety Option  Tue, 19 Jun 2018 13:16:59 CDT
  • Soy Growers Caught in the Middle of Escalating Tariff Feud Between President Trump and China  Tue, 19 Jun 2018 13:09:10 CDT
  • Be Sure to Supplement the Nutrition of Fall-Born Replacement Heifers as They Wean this Summer  Tue, 19 Jun 2018 11:26:41 CDT
  • Meet Arie Wessells - South African Grain Buyer for Pioneer Foods Speaking to Quality of US Wheat  Tue, 19 Jun 2018 11:17:22 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.