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

Kim Anderson Says Quality and Protein the Keys to Capturing the Wheat Market's Profitability in 2019

Wed, 10 Oct 2018 14:18:59 CDT

Kim Anderson Says Quality and Protein the Keys to Capturing the Wheat Market's Profitability in 2019 With ample moisture, cool temperatures rolling in and more than 50 percent of this year’s expected wheat crop for Oklahoma in the ground, the prospect of establishing wheat pasture and viable opportunities to market wheat next harvest look promising. Radio Oklahoma Ag Network Farm Director Ron Hays caught up with Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson this week to talk about his expectations for Oklahoma’s wheat crop as we continue into planting season here across the Sooner State. You can listen to their complete conversation by clicking or tapping the LISTEN BAR below at the bottom of the page.

For wheat that is already in the ground, Anderson says the recent rains across central and western Oklahoma will certainly be of great benefit to producers hoping to get a firm establishment of their crop, especially if they intend to graze their pastures this fall.

“Overall, I think it’s always good to get moisture in the ground, but there’s good news and bad news with rain,” he said, referring to the fact that many cotton, corn and soybean fields that have yet to be harvested and are now standing in water. “But, I’m basically optimistic. I think in December-January, we’re going to see some relatively good market moves in wheat. Russia is trying to load the market right now. As they do that and clear their bins, I think it will give us the opportunity to sell wheat when we get into the December-January time period.”

Anderson advises producers with grain from the 2018 crop still left in the bin that can afford a 50 cent price risk to seriously consider taking a gamble on the market and wait for that opportunity to present itself around the beginning of the new year. Looking ahead to next harvest, however, Anderson says there will again be a major opportunity to capture wheat’s full profit potential- but says it will require producers to commit to managing their crops for high quality characteristics.

“We’re going to come into ’19 with very little protein and poor-quality wheat in the bins. They’re going to need a quality product. If producers will produce better than 12.5 percent protein and better than 60 lb. average test weights, the market is going to buy it,” he said. “The market rewards us for protein.”



Hear Hays, Anderson discuss strategies farmers can take to best position themselves in the market.
right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Steer and Heifer Calves Trade 3.00 - 6.00 Higher on Tuesday at OKC West Livestock Auction  Tue, 18 Dec 2018 16:31:10 CST
  • Arysta's 'UNLOCK 5' Can Help You Optimize Your Crop's Yield Potential- Lynn Justesen Explains How  Tue, 18 Dec 2018 15:54:11 CST
  • Farm Bureau Leaders Zippy Duvall and Jeff Aiken Call Attention to New Clean Water Rule's Strengths  Tue, 18 Dec 2018 15:25:29 CST
  • John Deere Company to Launch New Start-Up Collaborator Program in Its Intelligent Solutions Group  Tue, 18 Dec 2018 15:19:56 CST
  • Updated Study by USMEF Quantifies Value Delivered to Corn Producers Through Red Meat Exports  Tue, 18 Dec 2018 15:10:57 CST
  • House Ag Chair Mike Conaway, AFBF President Zippy Duvall Embrace the EPA's "Clear Water Rule"  Tue, 18 Dec 2018 15:04:23 CST
  • University of Nebraska Veterinary Epidemiologist Brian Vander Ley on Vaccine Efficacy, Management  Tue, 18 Dec 2018 14:52:14 CST
  • Oklahoma Congressman Tom Cole Expresses His Support for Rural Americans in Op-Ed for McCarville  Tue, 18 Dec 2018 14:41:58 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.