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 US Will See Wheat Prices Rise When Russia Runs Out of Wheat, on SUNUP!

Thu, 18 Oct 2018 20:06:19 CDT

Kim Anderson Says US Will See Wheat Prices Rise When Russia Runs Out of Wheat, on SUNUP! It has been yet another week of sideways trading in the wheat markets. The question on producers’ minds is - when will there be an increase in prices? According to Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson, the best chance for to see an uptick in the markets for US HRW, will be when Russia runs out of wheat to export.

In an interview with SUNUP Host Lyndall Stout this week, Anderson explained that with Russia’s total crop production for the year coming in smaller than what it was last year and given the pace at which it is exporting - he believes the Russians will deplete their exportable wheat stocks that have flooded the marketplace sometime between January and February during the coming year. Once that happens, he predicts that the world’s wheat demand will shift from Russia to the US, thereby increasing domestic wheat prices.

Currently, the price of wheat is settled in at around $5/bu. With increased global demand focused on the US, Anderson calculates a potential price increase of as much as 75 to 80 cents a bushel. His advice to farmers with wheat in the bin and a financial position that can afford the 50-cent risk that exists in the market, to wait things out until the first couple months of 2019 before selling their grain in order to capture some of that demand premium he is predicting.

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 Lyndall's weekly chat with Dr. Anderson- the SUNUP crew has a very full lineup for your viewing this weekend:

This week, Brian Arnall explains how nitrogen moves through wet soils and says it might be time for some producers to reapply.

- Dave Lalman shows us which round-bale feeders are less likely to waste hay.

- In Food Whys, Darren Scott explains the USDA’s Food Defect Action Levels and what that means for the food we eat.

- Then, Misha Manuchehri explains why this time of year can be critical for weed control. She also has information about the upcoming Weed Symptomology Clinic.

- In the Mesonet weather report, Wes Lee says the recent freezes in northwest Oklahoma were right on schedule. Gary McManus shows us where the drought is holding strong.

- In Vet Scripts, Dr. Barry Whitworth explains the science behind rabies.

- Finally, Roger Sahs has information concerning a recent survey about leasing agreements between landowners and renters.

Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV



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

  • Kansas State Explains The Old "Block" and Chain: How Farm Data Will Be Used on the Blockchain  Fri, 19 Jul 2019 17:41:03 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, July 19, 2019  Fri, 19 Jul 2019 16:34:23 CDT
  • Friday Market Wrap-Up with Justin Lewis  Fri, 19 Jul 2019 15:35:43 CDT
  • Michael Hooper Selected as ODAFF Agriculture Investigative Services Chief Agent   Fri, 19 Jul 2019 15:32:41 CDT
  • Afternoon Wrap-up with Dave Lanning  Fri, 19 Jul 2019 13:53:06 CDT
  • Update- R-CALF CEO Bill Bullard Responds to Our Monday Beef Buzz Regarding His Call for Mandatory COOL   Fri, 19 Jul 2019 12:41:54 CDT
  • Animal Activists Target Christian Faith and Church Communities to Advance Their Meatless Agenda  Fri, 19 Jul 2019 09:50:37 CDT
  • Atop the RON Rural Soapbox - Former Secretary John Block  Fri, 19 Jul 2019 08:59:16 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.