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


Kim Anderson Says Wheat Market is Building a Floor with Higher Than Expected Yields and Quality

Thu, 28 Jun 2018 17:01:59 CDT

Kim Anderson Says Wheat Market is Building a Floor with Higher Than Expected Yields and Quality This week on SUNUP - Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson is reporting higher than expected yield and quality in terms of Oklahoma’s wheat crop this harvest season. In his weekly chat with the SUNUP team, Anderson will share his notes from the field which he says highlight an average protein level in this crop well-above that of 12 percent. In addition, he says the markets will be pleased to find test weights logged at around 59 lbs. per bushel.


Producers will also be relieved to hear that wheat prices, after months of weakness, are finally beginning to build a floor at around $5.50 to $5.60 a bushel, having recently dropped off about a dollar in the last several days. However, Anderson does mention that the protein premium has held on and still remains strong.


Globally, the Russians are reporting some bad news related to their crop, still suffering from dry conditions. Anderson says the Russians are expecting this year’s crop to fall short of last year’s record production of 3.1 billion bushels, by about 400 million which will leave them with a total production this year of approximately 2.6 to 2.7 billion bushels. Nonetheless, the Russians are aggressively working to maintain their claim as top wheat exporter, having just shipped a large order of wheat to Brazil in another move to increase its South American market share following last year’s dealings with long-time American customer Venezuela.


Checking on feed grains, Anderson says both the corn and soybean crops are looking well this year, but prices are already beginning to feel the pressure of a mounting trade war. Anderson says corn has dipped about 50 cents since political rhetoric started to intensify. Soybeans are reacting the most dropping as much as $1.60 in price already with little discernable direction for what the future may hold if this trade war between the US and China escalates.


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 Anderson's weekly report - the SUNUP crew has a very full lineup for your viewing this weekend.



Be sure to tune in to SUNUP Saturday at 7:30 a.m. and Sunday at 6 a.m. on OETA-TV








   





   

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

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma National Stockyards - Oklahoma City - Close  Tue, 11 Dec 2018 07:48:50 CST
  • Tuesday Preopening Market Update with Dave Lanning  Tue, 11 Dec 2018 07:32:55 CST
  • Joplin Regional Stockyards - Close  Tue, 11 Dec 2018 05:38:02 CST
  • Farm Bureau to Work With Informa Economics to Produce Six Policy Roundtables in 2019  Tue, 11 Dec 2018 05:25:30 CST
  • US Secretary of Ag Sonny Perdue Will Encourage President Trump to Sign the 2018 Farm Bill if Sent to the White House by House and Senate  Tue, 11 Dec 2018 05:17:57 CST
  • Farm Bill Conference Report Text Released- All 807 Pages- With House and Senate Votes Possible This Week  Tue, 11 Dec 2018 05:12:42 CST
  • Slaughter Cows and Bulls Sell Mostly Steady on Limited Tests Monday at OKC West Livestock  Mon, 10 Dec 2018 17:01:24 CST

  • 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 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.