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Agricultural News

OSU's Kim Anderson says Hard Red Winter Wheat has Taken a Beating in the Markets Lately

Fri, 26 Mar 2021 07:57:15 CDT

OSU's Kim Anderson says Hard Red Winter Wheat has Taken a Beating in the Markets Lately Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets weekly on SUNUP.

This week Dr. Anderson talks about the the current grain market prices. Anderson said the wheat prices continue to go down, "You go back to February the 24th, the forward contract price for wheat harvest delivery was $6.50, It's down to about $5.70 now. You look at this time last year, the forward contract price was $4.80, so we might be down from where we were last February. If you go back a year we're significantly lower than we are now. If you look at how it ended up at harvest $4.10 at the 20 harvest, so its $5.70 forward contract now $4.80, for forward contract last February is $4.10, for the actual harvest price in 2020.

Anderson said he's also looking at the price spread between the Hard red winter wheat, and Soft red Winter wheat, "A couple of weeks ago there was about an 18-20 cent difference with hard red winter wheat being below soft red, that spread is down to a minus 40 now with hard red being below soft red winter wheat, so the hard red winter wheat has been taking a beating over the last couple of weeks."

To hear more from Dr. Anderson, you can visit his weekly show sunup, or click below

This week on SUNUP, Bob Hunger says a dry fall has helped keep wheat disease down, but recent cool and wet weather could change things.

-Then, we get a close look at the Oklahoma State University wheat breading teamís research into purple wheat.

-Kim Anderson says wheat prices continue on a downward trend and the February winter storm may be the culprit.

-In Cow-Calf Corner, Mark Johnson explains expected progeny difference and tells us how it is used in the cattle industry.

-Derrell Peel sifts through the data of the latest March cattle report numbers and explains why the feeder cattle market is so strong.

-In the Mesonet weather report, Wes Lee says recent rains have helped soil moisture throughout the state. Gary McManus analyzes the latest drought monitor map.

-Finally, we learn how scientists are tackling one of the biggest pests for the broiler industry: the darkling beetle.

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

Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV



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