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


This Week on SUNUP- Russian Wheat Floods the Market as Growers' Cup Runneth Over with Rain

Thu, 11 Oct 2018 17:26:36 CDT

This Week on SUNUP- Russian Wheat Floods the Market as Growers' Cup Runneth Over with Rain Russia has been a major influence on the wheat market lately and a consistent topic in discussions of trade. Once again, Russia has come onto the scene this week with news out from its Ministry of Agriculture. Like last year, the Russians are adjusting their production estimates up, this time from 2.4 to 2.5 billion bushels. According to Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson, this news implies that Russia probably intends to put more wheat on the export market than what was previously expected. He explained the market’s reaction to this news in an interview this week with SUNUP host, Dave Deeken.


“To a certain degree, the US and probably the market as a whole was prepared for this type of announcement. USDA’s estimate had it at 2.6 billion, still above the Russian estimate,” he said. “You didn’t see any big decline in the market or any increase. So, I think any impetus for higher prices… I think it pretty much killed that, but it didn’t take the market down.”


In regard to the new crop going into the ground, Anderson spoke to the effect that recent rains have had on wheat farmers and others. He says that while the moisture is great for some of the more established wheat acres, some newly sown acres have probably been washed out and will require reseeding. However, from what he has gathered most farmers around the state planned for this and adjusted their planting times.


For other producers with crops waiting to be harvested, i.e. cotton, corn and soybeans- the wet weather has been more of an inconvenience and is sure to have impacted the quality and most likely reduced the yields of those crops.


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.



   



   

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

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • State Veterinarian Mandates Show Swine Exhibitors in Oklahoma Adopt Electronic Identification Tag  Wed, 14 Nov 2018 15:37:13 CST
  • OSU Meat Judging Team Named National Champions at 2018 International Meat Judging Contest  Wed, 14 Nov 2018 15:21:40 CST
  • Feeder Steers and Heifers Sell Steady to Weak on Wednesday at OKC West Livestock in El Reno  Wed, 14 Nov 2018 15:12:27 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Wednesday, November 14, 2018  Wed, 14 Nov 2018 15:07:17 CST
  • Wednesday Market Wrap-Up with Justin Lewis  Wed, 14 Nov 2018 14:11:08 CST
  • Wednesday Afternoon Market Wrap-Up with Carson Horn  Wed, 14 Nov 2018 13:55:44 CST
  • Environmental Defense Fund, National Corn Growers Assoc Partner to Scale Conservation Holistically  Wed, 14 Nov 2018 12:05:05 CST
  • Time is Running Out as Congress is Urged to Pass a New Farm Bill with Only a Few Days Left in 2018  Wed, 14 Nov 2018 11:49:59 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.