OSU's Kim Anderson Says the Price of Wheat Continues to Go DownThu, 08 Apr 2021 16:36:18 CDT
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets. Dr. Anderson says right now the world has too much wheat. This week Dr. Anderson is talking about the latest crop prices.
Anderson says wheat prices continue to go down, "Corn prices are moving sideways, soybeans, Just a slight uptrend there. You look at new crop Wheat prices, $5.50 That's $1 lower than they were about six weeks ago. You've got corn forward contract price or harvest delivery of $4.70, thats just level or about the same as it was in late March- early April,. Then You've got soybeans at $12, only about 6 cents above what it was a couple of weeks ago. So sideways movement for the two majors, corn and soybeans and down for the wheat." To hear more from Dr. Anderson, click or tap below.
This week on SUNUP, Brian Arnall explains why organic sourced nitrogen is performing differently than chemically applied nitrogen. He also has information about two scholarship opportunities for Native Americans hoping to enter the agronomy and entomology fields.
- Then, in the Mesonet weather report, Wes Lee explains how the recent temperatures are impacting hay production in Oklahoma. Gary McManus says drought is expanding but says the expected cooler and wetter outlooks will likely hamper wide development.
- Kim Anderson says when it comes to summer crops, the prices should all be reasonable. It comes down to which one producers feel most comfortable managing.
- Laura Goodman explains how grasslands sequester carbon and how wildfire can be an added benefit.
- Tom Royer says producers should be scouting fields for aphids in wheat.
- In Cow-Calf Corner, Mark Johnson explains how heifer pregnancy, calving ease, maternal milk production and mature weight EPDs can help when selecting for heifers.
Finally, Roger Sahs has information about crop and pasture leasing rates across Oklahoma.
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