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


Agricultural News

Kim Anderson Says Grain Markets are Slow, But Thinks They May Have Found a Bottom, on SUNUP

Thu, 20 Sep 2018 16:56:43 CDT

Kim Anderson Says Grain Markets are Slow, But Thinks They May Have Found a Bottom, on SUNUP With little action taking place in the grain markets this week, Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson says that judging from the recent price patterns in futures trade, it is likely that the grain markets have finally reached a bottom. This week on SUNUP, Anderson talks about the stabilization that seems to be occurring for corn, soybeans and wheat.

Harvest season is just beginning for both corn and soybeans. The latest USDA Crop Progress report indicates that each crop is roughly 10 percent harvested at this point. Anderson says the market outlook for these crops will become more clear as harvest progresses. In the meantime, though, crops within the Black Sea region continue to dictate the direction of the market. Anderson says the volatility that has started to simmer in markets lately is due to the uncertainty surrounding those crops in Russia and Ukraine. It is still unknown at this time whether or not Russia’s government will cap exports this year, plus there are rumors beginning to circulate as well concerning the quality of Russian wheat, known to have suffered sprout damage this past growing season. At the same time, Ukraine’s production seems to have been undershot and could be increased from previous estimates. If Russia ultimately caps its exports (some say as much as 236 million bu.), it is possible that Ukraine could move to capture some of that. However, it is possible Ukraine could be backing off its exports by as much as 50 million bu. this year. These prospects bode well for the US export business.

Also folding in, are the Argentinian and Australian wheat crops, which will start being harvested during the next couple months. While Argentina is expecting a very average crop this year, Australia’s is expected to come in well below average. The outcome of these harvests will have significant impacts on the markets moving forward. Until that becomes apparent, though, Anderson says prices seem to be settling in their current positions.

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, we learn about the four new wheat varieties released by Oklahoma State University’s Wheat Improvement Team. Also, Brett Carver gives us a glimpse into the approval process for new wheat varieties released by OSU scientists.

- In the Mesonet weather report, the recent heat and humidity was quite a departure from normal, Wes Lee show us just how much. Gary McManus says drought is on the run, and the outlook for the next couple of weeks looks promising for winter crop planting.

- Brian Arnall says try to plant your winter crops with a starter. If you can’t, there are still options.

- In Cow-Calf Corner, Glenn Selk offers advice on maintaining body condition scores of pregnant cows as forage quality wanes leading into winter.

- Then, Charles Luper has information about an upcoming pesticide disposal event.

- Finally, in Naturally Speaking, Dwayne Elmore explains why a disease called Blue Tongue is so harmful to deer and who to contact if you suspect it.

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



Kim Anderson Says Grain Markets are Slow, But Thinks They May Have Found a Bottom

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

  • Thursday Afternoon Market Wrap-Up with Carson Horn   Thu, 20 Jun 2019 14:24:16 CDT
  • USDA Announces Feral Swine Eradication and Control Pilot Program  Thu, 20 Jun 2019 14:14:14 CDT
  • NPPC Thanks USDA For Implementing Farm Bill Program to Reduce Feral Swine Populations  Thu, 20 Jun 2019 14:16:46 CDT
  • American Farm Bureau Federation President Zippy Duvall Says RMA's Revised Hay, Grazing Dates Much Appreciated  Thu, 20 Jun 2019 12:37:56 CDT
  • RMA Announces Change to Haying and Grazing Date for Prevented Planting Acres Planted to a Cover Crop  Thu, 20 Jun 2019 12:33:58 CDT
  • Senators Peters, Wicker Urge FAA to Include Broad Rural Representation on Drone Advisory Committee  Thu, 20 Jun 2019 11:51:53 CDT
  • Poor Planting Conditions Cause an Estimated Third to Half of Intended Cotton Acres in OK to Go Unplanted Due to   Thu, 20 Jun 2019 11:45:30 CDT
  • Upcoming Conference Slated for July 10 Hosted by OSU Puts Soilless Food Production in the Spotlight  Thu, 20 Jun 2019 11:21:20 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.