Specialists give updates on progress of wheat
Two Oklahoma State University Extension specialists recently reported on the current wheat crop's progress.
Marburger, small grains specialist, reported on the crop entering first hollow stem (FHS) and Kim Anderson, grain marketing specialist, Anderson reported on the marketing situation.
"Keep in mind several factors influence the onset of FHS," Marburger said. "These include the wheat variety, location, temperature, available moisture, level of grazing and planting date. There are a number of factors influencing when FHS occurs, so we cannot stress enough the importance of checking on every field."
"Across Oklahoma, Texas and Kansas, wheat conditions have improved greatly, but not much compared to the week before," he said. "Meanwhile, Russia's and Ukraine's projected crop for the current year is anticipated to be down about 2 percent. Internationally, wheat crops are looking fairly good, especially in Australia with dramatic improvement from last year's disastrous crop. All except France, which has the worst conditions currently it has had in the last four years.
"Managed fund positions in the futures markets have also been interesting to watch this week, particularly in regard to corn and soybeans. At the elevator, harvest delivered wheat is offered a forward contract price of roughly $5.