Kim Anderson Says Bad Weather, Poor Crop Conditions Have Driven Wheat Prices Up Over $5.20Thu, 24 May 2018 15:15:12 CDT
This week on SUNUP - Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson joins host Dave Deeken again talking about some good news this week in the wheat markets ahead of harvest.
Anderson reports about a 50-cent increase in the Kansas City July contract this week, thanks to some improvement in the basis. Cash prices across Oklahoma range currently between $5.20 to $5.50.
Anderson says this is good news in the market is being driven by all the bad news in the field, citing inclement weather and expectations of low yield production and grain quality for this harvest.
Apparently, this situation is not only limited to Oklahoma and the Southern Plains. Rather, these dry and poor growing conditions have affected crops worldwide. Anderson explains that this is having a positive price impact here at home.
He believes farmers that actually will be harvesting their crops this year, will enjoy premiums well over the $5.30 range if they deliver high-quality grain to the elevator with 59lb.+ test weight and a minimum of 12 percent protein. On the other hand, he says discounts and dockage will cut deeply this year for subpar grain.
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 Deeken’s weekly chat with Dr. Anderson- the SUNUP crew has a very full lineup for your viewing this weekend:
The show will start with information about ticks and flies on livestock with Justin Talley.
- In the Mesonet weather report, Al Sutherland shows us where the rain has actually improved the drought in parts of northwestern Oklahoma.
- We meet the new Extension cotton specialist, Seth Byrd, and learn what producers in northern Oklahoma should keep in mind when planting cotton.
- In Cow-Calf Corner, Glenn Selk tells us how important environment is to conception and pregnancy rates in cattle.
- Then, Alex Rocateli explains how a pasture that is one-third weeds can lower forage production and what producers can do about it right now.
- David Lalman has a preview of next week’s Master Cattleman Ranch Tour across southern Oklahoma.
- Finally, we learn about an Oklahoma State University study on broadband in rural Oklahoma and how it could impact their economies.
Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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