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


Agricultural News

Analyst Brady Sidwell Reacts to Market Tailspin Dropping Wheat Prices Over a Dollar in Past Month

Mon, 17 Sep 2018 12:42:04 CDT

Analyst Brady Sidwell Reacts to Market Tailspin Dropping Wheat Prices Over a Dollar in Past Month Wheat has had a difficult time holding gains over the past month, forming a downward stair-stepping action that has lost nearly $1.15 in 30 days.

Market factors include a meeting between the Russian Ag Ministry and exporters which resulted in rumored export curbs being denied. That sent markets in a tailspin and KC contracts traded through the 50-, 100- and 200-day moving averages.

While the market looks oversold, we could have another 15-20 cents before some key support levels are reached. Though the Russians have been quick to deny potential export curbs, we believe truth lies somewhere within these statements and that some restriction is forthcoming. The question remains when and how much.

Talking about that and more, Brady Sidwell, Principal of Sidwell Strategies in Enid, and Don Atkinson with WheatSquared.com.

Source - WheatSquared



Hear Analyst Brady Sidwell discuss the state of wheat markets with WheatSquared host Don Atkinson
right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Oklahoma Board of Agriculture Backs Off Vote on Emergency Rule for Poultry Setback- "Punt" Issue to State Lawmakers  Tue, 11 Dec 2018 20:59:56 CST
  • Calf Trade $2 to $4 Higher Than a Week Ago at OKC West  Tue, 11 Dec 2018 20:09:56 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 pm Tuesday, December 11, 2018  Tue, 11 Dec 2018 20:04:19 CST
  • Senator Jim Inhofe Calls Passage of 2018 Farm Bill a Win for Farmers, Ranchers and the American Taxpayer  Tue, 11 Dec 2018 19:58:52 CST
  • Ag Groups Encouraged by New WOTUS Rule- Look Forward to Reviewing the Details in Proposal  Tue, 11 Dec 2018 17:26:18 CST
  • Community Bankers Thank Senate for Approval of 2018 Farm Bill Conference Report  Tue, 11 Dec 2018 16:27:41 CST
  • Biotechnology Innovation Organization Likes Energy Title Found in 2018 Farm Bill  Tue, 11 Dec 2018 16:09:10 CST
  • National Association of Conservation Districts Declares a Great Day with Farm Bill Conference Report Done  Tue, 11 Dec 2018 16:00:02 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.