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Agricultural News


OSU's Kim Anderson Says Poor Winter Wheat Conditions are Driving Up Prices and Volatility

Thu, 27 Jan 2022 15:44:52 CST

OSU's Kim Anderson Says Poor Winter Wheat Conditions are Driving Up Prices and Volatility This week on SUNUP, Oklahoma State University Grain Marketing Specialist Kim Anderson talks about how high wheat prices go hand-in-hand with high volatility, urging producers to be strategic.

“There is a lot of volatility in the market right now,” Anderson said. “In Medford, it is somewhere around $7.90, in the Altus area it is $7.83 and if you go out to the Panhandle it is $7.80.”

Historically, current prices are very good according to Anderson.

“From June 2009 to where prices are now, the average price during harvest is $5.50, so that $7.90 is really good!” Anderson said.

Anderson said poor 2022 winter wheat crop conditions are driving prices higher at this time. According to the first Oklahoma Crop Progress and Condition report of the year, winter wheat condition is 16% good to excellent, 41% fair and 43% poor to very poor.

Hit the LISTEN BAR below to hear more from Dr. Anderson this week on SUNUP as he talks about bittersweet wheat prices in Oklahoma.

Join SUNUP at 7:30 a.m. on Saturdays and 6 a.m. on Sundays on OETA-TV, or by visiting SUNUP.okstate.edu.

This week on SUNUP:
Josh Bushong, OSU Extension area agronomist, talks about the quality of Oklahoma’s wheat crop and the challenges producers face amid worsening drought.

Kris Hiney, OSU Extension equine specialist, shares a few tips on how to best care for aging horses. She also invites viewers to the upcoming Horse Owners Workshop on March 5.

Wes Lee, OSU Extension Mesonet agricultural data specialist, looks at the temperature impacts on the wheat crop. Then, Gary McManus, state climatologist, talks about the intensifying drought and analyzes the temperature and precipitation outlooks.

Mark Johnson, OSU Extension beef cattle breeding specialist, offers advice on improving body condition scores for the herd in advance of the breeding season.

Kim Anderson, OSU Extension crop marketing specialist, looks at current prices for 2022 harvested wheat, discusses crop conditions and offers a word of caution about forward contracting.

We wrap up our collaborative series with the Oklahoma Beef Quality Assurance Program. Brian Freking, OSU Extension area livestock specialist, covers low-stress cattle handling.

Finally, we revisit a favorite SUNUP feature story that takes viewers behind the scenes at the draft horse pull competition at the Oklahoma State Fair.

   
   

Listen to Dr. Anderson on SUNUP, here.
right-click to download mp3

 

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