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Agricultural News

Can Wheat Prices Go Higher Early in the New Year? Kim Anderson Says Maybe

Fri, 07 Dec 2018 04:48:54

Can Wheat Prices Go Higher Early in the New Year?  Kim Anderson Says Maybe Oklahoma State University's Dr. Kim Anderson sees light at the end of the tunnel for wheat producers when it comes to wheat prices in the new calendar year- and tells Lyndall Stout with SUNUP this weekend that he thinks wheat prices have a chance of going higher after we turn the calendar over to 2019 for several reasons. Anderson believes our exports will pick up early in the new calendar year, Russian exports will start ramping down as they run out of wheat to export, drought in Australia is taking a toll on their expected wheat production and it appears we will be using more wheat than we are producing again this year- domestically and internationally. For producers who are able to grow a higher than average protein crop in 2019, those factors may help deliver higher wheat prices for what may well be a commodity in short supply and high demand.

You can can watch Dr. Anderson's segment on this weekend's SUNUP- or you can listen to it now by clicking on the LISTEN BAR below.

Besides Dr. Anderson's comments- SUNUP's dance card is full this weekend- here are the folks who will be contributing to the weekly production of the OSU Ag Communications team:

This week, we get an update on the farm bill from Amy Hagerman.

- In Cow-Calf Corner, Glenn Selk has advice on how many heifers to retain, to ensure herd growth.

- Derrell Peel has an update on cull-cow markets.

- In the Mesonet weather report, Wes Lee looks at how November air and soil temperatures compared to normal. Gary McManus shows us how Novemberís lack of rainfall could impact future drought.

- Dave Lalman explains the difference between milk from beef and dairy cattle and has information about the upcoming Increasing Efficiencies in Forage and Feeding Field Day.

- Laura Goodman explains the process of regaining forage potential after clearing Eastern redcedars from the land.

- Kim Anderson says lower wheat production across the globe has him cautiously optimistic about prices.

- Finally, in Food Whys, Darren Scott explains why the information on serving size labels has changed over time.

SUNUP can be seen on OETA across the state of Oklahoma.


Lyndall Stout talks wheat price outlook with Dr. Kim Anderson on SUNUP
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