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

OSU's Kim Anderson Says we could be Nearing the Top of the Wheat Rally

Thu, 05 Nov 2020 13:39:42 CST

OSU's Kim Anderson Says we could be Nearing the Top of the Wheat Rally Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets weekly on SUNUP.

This week Dr. Anderson talks about the the possiblity of seeing some lower prices ahead in the wheat market, "If you're looking at that wheat market,We've got, 30% of that crop to be sold yet. If you go back to August 7th the
December contract price was about $4.20 cents it went up to $5.80, that's $1.60 price increase. Technically, looks like the markets buiding what we call a head and shoulders top. Now if this top comes through, and we'll know by the beginning of next week, you're looking at a potential 80 cent price decline in wheat prices. So, I think that the market needs to watch what's going, and producers need to watch what's going on, because there is the potential for significantly lower prices." To hear more from Dr. Anderson, click or tap below.

This week on SUNUP, we start with a look at how a dry, then wet and icy October, impacted the Oklahoma wheat crop, with Amanda Silva.

- Then, in the Mesonet weather report, Wes Lee shows us how last week’s rain helped the soil profile at 10 inches. Gary McManus says the rain greatly reduced drought across the state.

- Brian Arnall explains how a soaking rain affects mobile nutrients like nitrogen and whether producers need to reapply.

- Derrell Peel says the struggle is real in livestock and beef markets, but they are making progress.

- In Cow-Calf Corner, Glenn Selk explains why target weight goals for replacement heifers are important to breeding success.

- Kim Anderson says we could be nearing the top of the recent wheat rally. He also expects no surprises in next week’s WASDE report, which can sometimes invite a surprise.

- Finally, Seth Byrd says cotton harvest has started, but it’s too early to report on the overall quality of the crop.

Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV



right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m Friday, January 22, 2021  Sun, 24 Jan 2021 11:32:07 CST
  • Friday, January 22, 2021 Market Wrap-Up with Justin Lewis  Fri, 22 Jan 2021 14:40:41 CST
  • Healthy Soils for Sustainable Cotton Farmer Showcase  Fri, 22 Jan 2021 10:06:08 CST
  • 55 Cattle Company Donates Beef to the OKC Ronald McDonald House  Fri, 22 Jan 2021 09:39:39 CST
  • Love County 4-H Team earns Reserve Champion title in Skills Competition  Fri, 22 Jan 2021 10:31:20 CST
  • Plexus Cotton Market Report - January 21, 2021  Fri, 22 Jan 2021 09:23:35 CST
  • Lucas Applauds Opening of Oklahoma Pandemic Center for Innovation & Excellence  Fri, 22 Jan 2021 08:41:25 CST
  • U.S. Department of Agriculture Announces Key Staff Appointments  Fri, 22 Jan 2021 08:37:21 CST

  • More Headlines...


    Ron salutes our daily email sponsors!

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

    Our Road to Rural Prosperity sponsors!


    Search OklahomaFarmReport.com

    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.