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


Kim Anderson Says Price Forecasts Not Great for Commodities Even Though the Weather Forecast Is

Fri, 19 Apr 2019 13:08:14 CDT

Kim Anderson Says Price Forecasts Not Great for Commodities Even Though the Weather Forecast Is Commodity prices remain low and this week on SUNUP, Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson reports on the market outlook for wheat and other crops, helping producers determine where the best chances for profit lie in the current economic conditions.


According to Anderson's report, wheat in Oklahoma can currently be forward contracted for harvest delivery at approximately $4.25. At present, the May Kansas City contract price is at $4.18. Compared to the trading range observed over the past four years ($3.70 to $6.00), that price is near the low-end of that range. Anderson says the long-term trend is down, while the short-term trend in wheat prices is down to maybe sideways as traders' commitments are short by 54,000 contracts.


"A large short position like that, I think that's good news," Anderson said. "When they start getting out of those short positions maybe they'll bring that price up a little bit."


Compared to summer crops, the economics as it stands, do not look very good either unless producers can guarantee good production. Anderson says, given the current market, if producers can offset the low prices with increased yield they may be able to profit from a summer crop.


You can watch their visit tomorrow or Sunday on SUNUP- but you can hear Kim's comments on the wheat market and other commodities 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 on SUNUP we get an update from Josh Lofton, on what is turning out to be one of Oklahoma's best canola crops.


- Then, Larry Sanders has information about the upcoming deadline for the Conservation Stewardship Program.


- In Cow-Calf Corner, Glenn Selk explains why producers should be careful when considering adjustments to calving seasons in Oklahoma.


- Todd Baughman has advice about weed control when planning summer crops.


- In the Mesonet weather report, Wes Lee shows us where most of the recent rains fell across the state. Gary McManus gives us the "all clear" on drought.


- Finally, Kristen Baum shows us why prescribed burns can help attract pollinating insects.


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

  • Oklahoma Youth Expo Sale of Champions Sale Order Available Here- Sale Set for 4 PM Friday  Fri, 17 Mar 2023 04:50:54 CDT
  • Rural Voters Dominated Vote to Defeat Recreational Marijuana March 7th  Fri, 10 Mar 2023 07:13:05 CST
  • Ron Hays Talks to Israeli Ag Tour Guide Colin Lotzof About the Miraclel of Ag in Israel  Wed, 22 Feb 2023 22:11:04 CST
  • OALP Members Experience First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:51:49 CST
  • OALP Members Get First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:50:10 CST
  • Oklahoma Ag Leadership Program Sees Fruit, Beef and Dairy Production North of the Sea of Galilee in Israel  Mon, 20 Feb 2023 21:56:02 CST
  • Oklahoma Ag Leadership Program Sees Diverse Farm Operations in Jordan River Valley of Israel  Sun, 19 Feb 2023 21:17:30 CST
  • Israeli Tour Guide Mark Kedem Talks About The Cultural Aspects of What Class XX of OALP is Experiencing   Sat, 18 Feb 2023 22:17:23 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       
       
       
       
       

    Search OklahomaFarmReport.com

    © 2008-2024 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.