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


Agricultural News

Southern Plains Moisture and Big Wheat Crop in India Add Up to Lower US Wheat Prices

Thu, 07 Mar 2013 02:39:11 CST

Southern Plains Moisture and Big Wheat Crop in India Add Up to Lower US Wheat Prices
Wheat prices have dropped significantly in the past week and OSU Grain Marketing Specialist Kim Anderson spoke with SUNUP anchor Lyndall Stout about the factors impacting grain prices.

“I think the big news is the moisture that we’ve received in the hard red winter wheat area. Obviously, it’s improved the crop conditions, the wheat conditions as they come out of dormancy. Also, if you’ll look at India, they’re starting their harvest in the next couple of weeks. Looking at a near-record crop there. They’ve already got massive carryovers. They’re moving that out on the export market. That’s going to compete with our export wheat. And you’ve got the Soviet Union’s prices coming down and they’ll possibly move some wheat. So, you’ve got several things going on right now that’s driving the nearby crop prices down.”

Anderson says farmers and traders are keeping a keen eye on Oklahoma’s weather. The 30-day forecast shows temperatures will be about average. When you look out three or four months, he says, forecasters are calling for temperatures slightly higher than normal. He says hot, dry winds after the wheat has reached the soft dough stage could reduce production.

He says precipitation forecasts are shaping up in much the same way with above average precipitation indicated for the next 30 days, and below average precipitation a few months out.

“I believe that’s going to be positive for wheat prices as we get out to June, but it’s negative for wheat production and most producers would rather have production as price.”

Anderson says that wet weather in the corn belt will also have a downward impact on corn and grain prices and could send wheat into $7 per bushel territory.

You can hear the complete interview by clicking on the LISTEN BAR below.



Kim Anderson speaks with Lyndall Stout about sliding wheat prices.
right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • OKFB's Steve Thompson Says August Area Meetings will Tackle Important Topics for Producers   Sun, 01 Aug 2021 12:02:12 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m, Friday, July 30  Fri, 30 Jul 2021 14:11:55 CDT
  • Friday, July 30, 2021 Market Wrap-Up with Justin Lewis  Fri, 30 Jul 2021 14:09:38 CDT
  • US Wheat Associates Weekly Harvest Report for July 20, 2021  Fri, 30 Jul 2021 11:35:12 CDT
  • Oklahoma State’s Leon Spicer awarded National Animal Science Honor  Fri, 30 Jul 2021 10:41:47 CDT
  • Request for Information on Drinking Water Contaminants of Emerging Concern for Research Initiative  Fri, 30 Jul 2021 10:22:12 CDT
  • Individuals and Great Plains Kubota Recognized for Achievements at 2021 OCA Convention  Fri, 30 Jul 2021 10:20:15 CDT
  • Research Is Finding Solutions For Human/Black Bear Coexistence  Fri, 30 Jul 2021 10:17:07 CDT

  • 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 Tulsa Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

    Our Road to Rural Prosperity sponsors!


    Search OklahomaFarmReport.com

    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.