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 Wheat Prices Volatile in June, But Producers Could Expect a Rally Later This Season

Thu, 27 Jun 2019 17:40:06 CDT

Kim Anderson Says Wheat Prices Volatile in June, But Producers Could Expect a Rally Later This Season Rains have subsided in Oklahoma, enough that combines have been able to get into fields and continue with wheat harvest which now stretches from southwest Oklahoma up into Kansas. This weekend on SUNUP, Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson joins host Dave Deken again to discuss how the price of wheat has fluctuated.


Over the course of this month, Anderson says prices have moved up and down within a range of anywhere from $4.75 a bushel to as low as $4.30. At present, the price has come off a recent rally now at $4.50. Overall, he says the current market is quite volatile. Anderson ascribes that to the 65 cent premium that SRW wheat has over HRW wheat currently, in addition to lower than preferable test weights and protein levels that have been included in early reports from the field.


From a global market perspective, exports have performed well but Anderson says the general expectation is that they should soon begin to taper off as foreign competitors from the Black Sea Region begin harvesting their crops. As of now, 20 to 25 percent of the world’s total wheat production has been harvested. Both India and Pakistan, self-sufficient countries in terms of wheat, have increased their production this year and are likely to export more this year than in the past. Egypt, the world’s No. 1 importer of wheat, has also increased its production and is likely to reduce its total imports. All of this, coupled with the increased production in the former Soviet Union countries which currently control the market, is likely to impact the United States’ ability to market its wheat globally.


However, Anderson says there is a slight chance that the Black Sea Region could potentially lose its crop. If that comes to pass, Anderson says the US price of wheat could pickup as much as $3 to $4 dollars. He maintains that producers should consider selling their wheat before the end of September – when the Black Sea will have gotten its harvest underway and more accurate forecasts of its crop can be made. Historically, Anderson has reported that in the last several years, farmers who have sold their crop after September 30th have received a lower price than farmers who sold before that date.


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



This week on SUNUP, Dave Lalman shows us how they are studying the feed efficiency of cattle and he explains what that could mean for breeding more efficient cattle.



- In Cow-Calf Corner, Glenn Selk explains why it is important to monitor mineral feeders during the summer months.



- Tom Royer has advice for producers as summer crops mature.



- In the Mesonet weather report, Wes Lee says soil moisture varies greatly across the northern part of Oklahoma, especially between Miami and Boise City. Gary McManus shows us how much rain the state has received in 2019.



- Bruce Dunn explains how hydroponics can be used in agriculture and has information about an upcoming conference.



- Finally, In Food Why’s, Darren Scott explains the difference between cast iron, stainless steel, and carbon steel pans.



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




   



   




You can hear Kim's full analysis this weekend on SUNUP or you listent to them right now, click below.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Checking in on the Beef Checkoff - Digital Marketing a Critical Component in Supporting Beef Demand  Mon, 23 Sep 2019 12:21:36 CDT
  • K-State's Glynn Tonsor Says Struggling Cattle Markets Propped Up By Robust Domestic Beef Demand  Mon, 23 Sep 2019 11:53:42 CDT
  • Monday Preopening Market Update with Dave Lanning  Mon, 23 Sep 2019 07:17:14 CDT
  • Taiwan Flour Millers Tour Oklahoma Wheat Industry During Trade Mission That Saw the Millers Pledge to Buy 66 Million Bushels of US Wheat   Mon, 23 Sep 2019 06:04:33 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, September 20, 2019  Fri, 20 Sep 2019 15:43:01 CDT
  • Agricultural Grants and Loans Available Through Oklahoma Agriculture Dept., Application Deadline Oct. 1  Fri, 20 Sep 2019 14:46:43 CDT
  • Kim Anderson Advises Producers to Stagger Their Wheat into the Market as Wheat Follows Corn Prices  Fri, 20 Sep 2019 14:44:36 CDT
  • Friday Market Wrap-Up with Justin Lewis  Fri, 20 Sep 2019 13:55:48 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

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA

    Search OklahomaFarmReport.com


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

    WebReady powered by WireReady® Inc.