Kim Anderson says Even with Rain-Delayed Wheat Harvest, Wheat is Still QualityThu, 09 Jun 2022 15:08:26 CDT
This week on SUNUP is Dr. Kim Anderson, Oklahoma State University Extension grain market economist. During this week's edition, Anderson speaks on wheat harvest, factors impacting the market, current wheat and corn prices, and corn planting.
Looking at wheat harvest, Anderson said it has been difficult with the humidity and low precipitation.
"However, if you look at the impacts of the rain-delayed harvest, some areas will have a little decrease in test weight," Anderson said. "The wheat is still coming in relatively good quality, slightly below 60 pounds on the average, but most wheat is coming in 60 pounds or better."
There is a wide margin on protein, Anderson said, but it should be coming in at least average if not above average this year.
"The further north you go, the better the yields look," Anderson said. "You get down into the south, central and southern Oklahoma, they still haven't gotten in there to see what they have, but northern Oklahoma looks relatively good."
Out towards the panhandle, Anderson said the harvest and crop is thinner and scarcer.
As far as the markets go, Anderson said if Russia is beginning to export wheat and allows Ukraine to do the same, wheat prices will decline as a result.
"You'll notice what happens when they do that," Anderson said. "You get declines in wheat prices, and we need to pay attention to that."
Back in April, Anderson said wheat prices were in the $8 and $9 range. Now, he added, we are back in the $10.50-$11-50 price range.
"If Russia does let Ukraine export wheat, I think those prices will break that $10.50 level," Anderson said. "If Ukraine starts exporting, I think you are probably looking at $9 or $9.50."
This week on SUNUP:
• Josh Lofton, OSU Extension cropping systems specialist, gives an update on how summer crops look across the state.
• Wes Lee, OSU Extension Mesonet agricultural coordinator, discusses the recent heavy rainfall and flooding some areas saw this past week. State climatologist Gary McManus updates the latest drought monitor map.
• Mark Johnson, OSU Extension beef cattle breeding specialist, explains how producers can get more value out of their weaned calves.
• Kim Anderson, OSU Extension grain marketing specialist, discusses the latest price movements in the wheat market.
• Brian Arnall, OSU Extension precision nutrient management specialist, breaks down the research currently underway by the Precision Nutrient Management Wheat Program.
• Justin Tally, OSU Entomology and Plant Pathology department head and Extension livestock entomologist, explains the connection between lone star ticks and red meat allergies.
• With about 20 percent of the Oklahoma's wheat harvest complete, we provide an update on test weights and yield numbers.
• Finally, SUNUP heads to Grady County to check out the OSU Extension Cattlewomen's Boot Camp.
Join us for SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA-TV
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