OSU's Kim Anderson Says Wheat Harvest Is Nearly Complete And Discusses Recent Price HitsThu, 08 Jul 2021 13:36:53 CDT
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets. Dr. Anderson says harvest is more than 90 percent complete in Oklahoma. This week Dr. Anderson is talking about wheat prices and wheat condition.
Anderson says overall, yields are good and quality is good. A few are struggling from sprout damage due to rain, but only a small percent, Anderson said.
He said prices unfortunately took a big hit this week. Prices dropped $0.75 for wheat, $0.50 for corn, and $0.80 for soybeans.
Anderson said he believes the cause is yields, confusion within the USDA Acreage report, and weather.
"Weather drives prices, and there is a lot going on with that right now," Anderson said.
To hear more from Dr. Anderson, click or tap below.
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