OSU's Kim Anderson Says Soybean Prices Are in the Tank- and Are Likely to Stay ThereFri, 07 Sep 2018 05:36:10 CDT
Oklahoma State University's Dr. Kim Anderson offers an overview of current prices and price outlook for the major grains and oilseeds being grown by Oklahoma farmers- including corn, milo, soybeans and wheat.
Of those crops- Dr. Anderson believes that there is little if any hope of price improvement this season for soybeans- saying we have record US and global soybean production predicted here in 2018- and record large ending stocks ahead. He adds that when you add the current trade issues between China and the United States- soybean farmers will have little chance of seeing better soybean prices this fall or for that matter, anytime soon.
Wheat prices do have the potential for a higher move- but currently what is going on with the 2018 Russian crop is driving global and US Wheat prices- and adding or taking away twenty to twenty five cents per bushel.
Dr. Anderson offered his comments on the current grain marketplace to Lyndall Stout for this weekend's SUNUP program, as produced by OSU Ag Communications. You can watch this segment this weekend- or you can listen to it now by clicking on the LISTEN BAR below.
Beyond the Kim Anderson market segment- here's the lineup for this week on SUNUP, which can be seen on OETA:
This week, SUNUP originates from the Okmulgee County Free Fair in Okmulgee. They start the show with advice from Bob Hunger for wheat producers looking to manage diseases in their crops.
- Extension Ag Policy Specialist, Amy Hagerman, has sign-up dates for cotton producers.
- In the Mesonet weather report, Wes Lee looks at the impact tropical rains had on the state over the past week. Gary McManus shows us the changes in the drought over the past six months.
- Then, we travel to Noble County to learn why a producer is growing cotton in a part of the state that hasnít grown cotton in decades.
- Seth Byrd has an update on the Oklahoma cotton crop and tips for planning to terminate their crops in the next month.
- In Cow-Calf Corner, Glenn Selk has advice on continuing growth of value-added calves between weaning and sale.
- Misha Manuchehri offers weed management strategy ahead of wheat planting.
- Finally, Dr. Barry Whitworth has information about Virulent Newcastle Disease and what poultry producers should look for.
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