Oklahoma has Seen Low Wheat Prices Followed by $9/bushel Before, but Will It Happen This Time?Thu, 20 Apr 2017 16:53:47 CDT
This week on SUNUP - Oklahoma State University's Dr. Kim Anderson examines the current outlook for wheat prices in Oklahoma with host Dave Deeken. According to Anderson rather than flowers, recent April showers have instead brought mixed feelings to producers.
For producers that decided to put down Nitrogen on their crops this year, the addition of a little moisture recently has made these crops look fairly decent. On the other hand, producers that opted out Nitrogen inputs may be shaking their heads with regret and hopes that discounts for low test weights will not be levied against them at the elevator.
However, Anderson reports that the rains are actually causing a detriment to the global markets as a whole. And it is news from around the world that is depressing the markets more than local reports. Apparently, Oklahoma is not the only wheat growing region getting the wet stuff right now. In fact, most all regions are which have caused major breadbaskets like the Ukraine and Russia to raise their production estimates for this harvest. In turn, prices seem to be taking a downward turn. Anderson has observed wheat prices fall approximately .30-.40 since the rains began last week.
In speculation of when we may see prices pivot hopefully upwards, Anderson says be patient and start paying attention when numbers from the large foreign harvest start rolling in around July, August and September. But he says it would not be unwise to look as far as late summer, early fall of 2018 before prices improve.
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 their weekly chat with Dr. Anderson- the SUNUP crew has a very full lineup for your viewing this weekend:
This week on SUNUP, Josh Lofton looks at sesame as a summer crop option.
- Kim Anderson says Oklahoma has seen low wheat prices before followed by $9 per bushel, but will it happen this time?
- In the Mesonet weather report, Al Sutherland shows us how soil profiles across the state are responding to recent rains and Gary McManus says the forecasts indicate more rain is on the way.
- In Vet Scripts, Dr. Barry Whitworth explains how to recognize the warning signs of urolithiasis - or kidney stones - in sheep and goats.
- Derrell Peel analyzes the U.S./Chinese agricultural relationship.
- In Cow-Calf Corner, Glenn Selk has suggestions for planning the optimal time of day for artificially inseminating cattle.
- Finally, Did you know there are bears in Oklahoma? We travel to the Ouachita Mountains in southeast Oklahoma where NREM students are learning about the population of black bears.
Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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