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

advertisements
   
   
   
   
   
   

Agricultural News


Wheat Market Rallies this Week Lifting Farmers Hopes for a Viable Price Next Harvest Come June

Thu, 05 Jan 2017 16:40:19 CST

Wheat Market Rallies this Week Lifting Farmers Hopes for a Viable Price Next Harvest Come June This week on SUNUP, Lyndall Stout is joined once again by Oklahoma State University Grain Market Specialist Dr. Kim Anderson. During this segment, they dive right into wheat prices which according to Anderson, have experienced a bump since Christmas of about 25 to 30 cents.


"We got a nickel increase in the basis this week," Anderson said. "That's good, it shows demand is still strong."


This rally in the markets have caused prices in Oklahoma to bounce from the $2.60 to $2.80 range we saw in late fall, early winter and go up to $3.20 to $3.40.


The question remains though - what will prices do between now and the next harvest, and what will be the determining factors? With the bin-busting 2016-2017 world wheat harvest for the most part sewn up, it is safe to say the world has enough wheat. Anderson says what the world needs now, is quality.


"Texas and Oklahoma's hard red winter wheat crop will be the next world wheat crop to be harvested for export and so the world is going to be watching our conditions," he said.


In a report released this week, Anderson said conditions have fallen below that of the previous year. A good thing, he says, in terms of prices. Looking into the long term, he predicts that will a good quality wheat crop, Oklahomans could expect to see wheat sell for $4.25 in June.


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 Lyndall'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 Brian Arnall discussing the best time to topdress winter crops.


- Then, Josh Lofton has an update on the canola crop and information about the upcoming Canola College.


- In Cow-Calf Corner, Glenn Selk explains a way to ensure calves are born in the daylight hours.


- Kim Anderson says the world is starting to watch the U.S. wheat crop for quality.


- Randy Boman has a reminder about the upcoming Red River Crops Conference.


- In the Mesonet Weather Report, Al Sutherland and Gary McManus compare 2016 temperatures and moisture to other years.


- We revisit Eric Rebek's segment about wasps and bees.


- Finally in Naturally Speaking, John Weir has advice for preventing damage to homes during wildfire season.


Join us for SUNUP:


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




   




   

Click below to listen to Lyndall Stout and Dr. Kim Anderson talk wheat prices on this week's SUNUP
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • There's Still Time to Apply for ASA's Conservation Legacy Awards!  Fri, 19 Aug 2022 09:48:20 CDT
  • 38th Annual OCA Ranch Rodeo Kicks off Tonight at the Lazy E Arena  Fri, 19 Aug 2022 09:45:25 CDT
  • Upcoming Webinar to Educate Cattle Producers about the Newest Pest Threatening the Industry  Fri, 19 Aug 2022 09:06:34 CDT
  • Livestock Biosecurity a Diligent and Serious Task  Fri, 19 Aug 2022 08:48:07 CDT
  • Friday Preopening Market Update with Dave Lanning  Fri, 19 Aug 2022 07:45:07 CDT
  • Feeder Steers and Heifers Steady to Higher, Steer and Heifer Calves Higher at Woodward Livestock Auction  Fri, 19 Aug 2022 03:02:23 CDT
  • USDA to Mail Additional Pre-Filled Applications to Producers Impacted by 2020, 2021 Disasters  Thu, 18 Aug 2022 15:45:16 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. August 18, 2022  Thu, 18 Aug 2022 15:23:30 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 Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       

       

    Search OklahomaFarmReport.com

    © 2008-2022 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.