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


OSU's Kim Anderson Spoke to SUNUP About the Wheat Prices and Where They Will Go From Here.

Thu, 23 May 2019 17:20:43 CDT

OSU's Kim Anderson Spoke to SUNUP About the Wheat Prices and Where They Will Go From Here. In his weekly visit with SUNUP host Dave Deken this weekend, Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson talks about current wheat prices and what to expect in the future.      


For 2019 the USDA World Agricultural Supply & Demand Estimates Report (WASDE) projected U.S. wheat prices to be $4.70/bu. In Oklahoma the actual average prices over the last 10 years have came in 20 cents lower than the projected national average, Anderson said. Anderson eluded that unless things change the prices on wheat will stay below $5.00/bu this year.    


Anderson said, if a producer is thinking of developing a marketing plan, it is extremely important that they not base it on the outlook for the year. He also said that producers need to get the emotion out of their marketing plan due to low prices.    


While past transactions do not indicate what is going to happen. Over the last 11 years the best time to sell wheat is in the months of June, July and August. In those months, the average price was $5.85/bu. However, if you wait until September or even later that average price drops considerably. Have a majority of your grain sold by September, Anderson said.    


Perhaps the reason for the price increase this week is that Russia and Ukraine have ran out of wheat to sell. However, Anderson says the stocks of quality wheat have tightened up. The world price of wheat increased and brought the U.S. prices with it.   


The market is looking at what is going on with the new crop. For instance, the HRW wheat and SRW wheat areas have had too much rain overall. Which may cause a lowering in yields and a lowering in quality.    


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.     


This week on SUNUP itís all about rain. We start in western Oklahoma with a look at how the rains last week are still preventing field work and Jason Warren explains how water moves through different soil types.


- Brian Arnall says certain nutrients move through the soil with excessive moisture. He advises watching the plants, they will show you what they need.    


- In the Mesonet weather report, Wes Lee says the soil profile across the entire state is saturated for the first time in a long time. Gary McManus says 119 of the 120 Oklahoma Mesonet sites have received above normal rainfall since March. He shows us where the lone holdout is.   


- Then, Dave Lalman has advice for producers who have cattle stranded by flooding.    


- Dr. Barry Whitworth has information about how excessive wet weather affects livestock.   


- In Cow-Calf Corner, Glenn Selk has research into the benefit of culling temperamental cows.   


- Kim Anderson says the recent 40-cent price hike in wheat could be a sign of whatís to come and producers should pencil out their marketing strategy now.   


- We have information about the upcoming Northwest Oklahoma Ranch Tour.   


- Finally, we have links to County Extension Offices and resources for help following natural disasters.    


Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on
OETA-TV
YouTube.com/SUNUPtv
SUNUP.okstate.edu


Source: SUNUP



   


   

right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Feeder Steers and Heifers Steady to Higher, Steer and Heifer Calves Lightly Tested at OKC West - El Reno  Thu, 04 Jun 2020 05:33:50 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Wednesday, June 3  Wed, 03 Jun 2020 15:43:29 CDT
  • Wednesday, June 3, 2020 Market Wrap-Up with Justin Lewis  Wed, 03 Jun 2020 14:55:42 CDT
  • , 2020 Market Wrap-Up with Justin Lewis  Wed, 03 Jun 2020 14:52:08 CDT
  • Raegan Klassen, Kale Miller, Landri Chaplin and Jentry Squires Named State FFA Stars for 2020  Wed, 03 Jun 2020 14:45:55 CDT
  • Oklahoma Wheat Commission's Mike Schulte Says Wheat Harvest in the State around 8 Percent Complete   Wed, 03 Jun 2020 16:17:00 CDT
  • Oklahoma Youth Expo Announces the Summer Spectacular Livestock Clinic on July 17  Wed, 03 Jun 2020 13:21:31 CDT
  • Road to Rural Prosperity--State Representative Harold Wright Talks about His Years in the Oklahoma House and a Lifetime in Radio  Wed, 03 Jun 2020 10:07:20 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.