Dr. Kim Anderson Looks Around the World as Wheat Harvest Begins in the Southern HemisphereFri, 28 Oct 2016 04:16:58 CDT
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks wheat prices with SUNUP's Dave Dekenthis week- and also takes a look around the world as harvest begins in the southern hemisphere, while planting gets underway in the northern hemisphere.
According to Dr. Anderson, the big crops to watch are Australia, where harvest has already begun in the most northern regions, Argentina and South Africa. Staying within the common theme this year, Dr. Anderson says all these countries are expected to produce record crops this year, but unfortunately, the quality of the crops are under threat of inclement weather.
"I'll tell you, when it starts in one place in the world," Anderson said, "it just continues on."
Anderson reports that all three of these countries are facing crop damage from uncooperative weather. Areas of Argentina planted significantly more acres of wheat this year that stands the chance to be of good quality. However, large amounts of rain are moving in, watering down not only the quantity but quality too, says Anderson. He also mentions that in parts of Australia, frost has gotten to crops, while in other parts - rains are dampening prospects.
The good news is, this could affect premiums back home. Once all the grain is in the bin, millers will have an idea as to what available supplies there are and depending on the level of protein in your crop, you could stand the chance to come out ahead just a bit.
Quoting October 25th numbers, Anderson reports that on top of current wheat prices, producers could expect additional premiums ranging from .40 for 11 percent protein to $1.60 for 13 percent protein.
Anderson says this illustrates the importance of growing a high-quality product for the 2017 crop. Though he cautions producers to observe what is happening to foreign crops right now advising that without nitrogen, quality goals simply won't be met, but even with added inputs, the weather will always be a limiting factor.
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 Dave's weekly chat with Dr. Anderson- the SUNUP crew has a very full lineup for your viewing this weekend:
This week on SUNUP, we start with planting wheat demonstration plots at the Agronomy Research Station in Stillwater. David Marburger explains the role they play in the land-grant mission in Oklahoma.
- In Cow-Calf Corner, Glenn Selk discusses USDA grades of cattle and dressing percent when selecting cattle to send to market.
- Kim Anderson says poor wheat quality on the world market is creating a premium for some Oklahoma wheat.
- Then, Eric DeVuyst explains the upcoming ARC-CO payment and has decision-making help for producers.
- In Shop Stop, Wayne Kiner and Randy Taylor shares the best way to save a grease zerk when the coupler is stuck on it.
- In the Mesonet report, Al Sutherland shows us where soil temperatures are still in the 70s. Gary McManus says Oklahoma is drying out and there's not much relief on the way.
- In Food Whys, Divya Jaroni explains why it is important to wash fruits and vegetables before eating.
- With Homecoming this weekend, we meet CASNR senior Hammons Hepner, who is the 2016 Homecoming Executive Director.
- Finally, we look at the legacy of Marvin Stone and his impact on the agricultural industry.
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Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA-TV
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