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


USDA Seedings Report Suggests Farmers Can Expect Another Year of Increased Wheat Production

Thu, 18 Jan 2018 19:04:52 CST

USDA Seedings Report Suggests Farmers Can Expect Another Year of Increased Wheat Production This week on SUNUP - OSU Grain Market Economist Dr. Kim Anderson joins host Lyndall Stout again, this time recapping the USDAís Ending Stock, WASDE and Seedings reports released last week. According to Anderson neither the stocks or WASDE report made much impact on markets, but the Seedings report did - especially related to HRW.


Anderson says the price of wheat fell $.014 last Friday followed by another $0.04 on Monday. Since then he says it has gained back about $0.08 over the week. Looking at other grains though, corn he says was essentially unchanged and soybeans actually received a $0.10 bump upon the reportís release and then another $0.23 the following session.


What caused wheatís price to drop, Anderson says, is that the expectation was for wheat seedings to drop by about 10%. However, the report actually noted a 1% increase. In translation, 9% more wheat acres were planted that what was anticipated which means the industry can once again expect increased production.


Anderson says Oklahoma farmers reacted to the already low wheat prices, and planted 9% less acres. But farmers in Kansas and Texas, collectively planted 9% more, effectively offsetting the amount Oklahoma didnít plant.


Not all is bad though, says Anderson. With increased production - if consisting of quality grain with high protein content and test weight - it can be blended with the subpar grain sitting in bins. By doing so, Anderson says producers may be able to market their grain better and get it moving. But, he stresses that this yearís production must be of high quality.


You can watch their visit tomorrow or Sunday on SUNUP - or you can hear Kim's comments right now by clicking on the LISTEN BAR below.




   



   

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

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Steer and Heifer Calves Sell Mostly 2.00-3.00 Lower at OKC West Livestock in El Reno on Tuesday  Tue, 20 Feb 2018 16:55:58 CST
  • In Honor of National FFA Week - Congressman Frank Lucas Remembers His Days in the Blue & Gold  Tue, 20 Feb 2018 16:36:59 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Tuesday, February 20, 2018  Tue, 20 Feb 2018 14:43:43 CST
  • Certified Angus Beef Insider Melissa Brewer Looks at the Evolution of How Consumers Now Buy Beef  Tue, 20 Feb 2018 14:40:54 CST
  • Zoetis Develops First Holstein Reference Genome to Help Target Disease Resistance, Improve Herd  Tue, 20 Feb 2018 14:30:14 CST
  • P&K Equipment Expands to Poteau, Fort Smith, Acquiring Local Dealer Spider Webb Farm Implement  Tue, 20 Feb 2018 14:20:25 CST
  • Tuesday Market Wrap-Up with Justin Lewis  Tue, 20 Feb 2018 14:10:02 CST
  • Tuesday Afternoon Market Wrap-Up with Carson Horn  Tue, 20 Feb 2018 14:03:26 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.