Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm Programming Radio Oklahoma Network  |  7401 N. Kelley Ave. Oklahoma City, OK 73111  |  (405) 841-3675  |  Fax: (405) 841-3674

advertisements
   
   
   
   
   
   
   
   

Agricultural News


Dr. Kim Anderson Says Too Much Wheat Worldwide, Expect Lower Prices for the Foreseeable Future

Thu, 17 Aug 2017 16:36:46 CDT

Dr. Kim Anderson Says Too Much Wheat Worldwide, Expect Lower Prices for the Foreseeable Future This week, SUNUP returns after a two-week hiatus, and once again Oklahoma State University Grain Market Economist Dr. Kim Anderson joins host Dave Deeken, to talk wheat prices in the wake of the August 10 World Agricultural Supply & Demand Estimates report released by the US Department of Agriculture.


Deeken recounts from last week that the numbers in that WASDE report were not as expected and since the market has seen the price for wheat steadily drop.


Currently, the Kansas City contract is at $4.45, down almost $1.50 from July 5th. According to Anderson, none of the market analysts he follows is predicting a bottom to this free-fall.


He claims this is not the fault of US producers, but instead lays blame at the feet of our foreign competitors like Russia, who continue to grow record crops as ending stocks remain piled up.


Foreign production totals this year at 25.6 billion bushels. Here at home, producers have decreased production this year about 500 million bushels to 1.7 billion down from 2.3 billion last year.


The enormous amount of wheat backlogged in the system will continue to weigh on prices, Anderson says, until a major weather event takes out a foreign crop - or if the entire US were to take a year out of wheat production. Something he says is highly unlikely to happen. Although, he does believe we could see less acres planted in 2018.


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 Dr. Andersonís weekly chat - the SUNUP crew has a very full lineup for your viewing this weekend:


This week on SUNUP, Alex Rocateli and David Lalman put the GrazeOK app to the test for grazing steers and heifers on native pasture.



- In the Mesonet weather report, Al Sutherland has a drought-free drought monitor map, as well as heat-unit numbers for the Oklahoma cotton crop.



- Extension wheat pathologist Bob Hunger has advice for producers concerned about wheat streak mosaic.



- In Cow-Calf Corner, Glenn Selk says pregnancy checking replacement heifers will help your herdís bottom line.



- Finally, we learn the correct way to stock new and refurbished ponds.



Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV




   



   

You can watch their visit tomorrow or Sunday on SUNUP- but you can hear Kim's comments right now
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Former USDA Risk Management Chief Kenneth Ackerman Pushes Back on Crop Insurance Critics  Thu, 18 Jan 2018 17:29:16 CST
  • New Coalition Advocates for North American Free Trade Agreement Preservation and Modernization   Thu, 18 Jan 2018 17:12:10 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Thursday, January 18, 2018  Thu, 18 Jan 2018 17:05:15 CST
  • Thursday Market Wrap-Up with Justin Lewis  Thu, 18 Jan 2018 16:55:35 CST
  • Thursday Afternoon Market Wrap-Up with Carson Horn   Thu, 18 Jan 2018 16:47:16 CST
  • Latest Drought Monitor, Forecasts Set the Stage for Conditions to Intensify Over Next Several Weeks  Thu, 18 Jan 2018 12:13:00 CST
  • Producers to Celebrate 'A Decade of Commitment' at National Pork Industry Forum Next Month in KC  Thu, 18 Jan 2018 11:46:52 CST
  • Boman Worries State's Ginning Capacity May Soon Be Maxed Out - Predicts 750K Acre Crop in 2018  Thu, 18 Jan 2018 12:32:24 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association Oklahoma City Farm Show

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.