This week on SUNUP, host Dave Deken talks with OSU Grain Market Specialist Dr. Kim Anderson and begs the question of whether or not farmers should harvest their crops this year or find alternatives to salvage what profits they can.
Anderson suggests looking to the prices being offered by the market to start your decision making process.
Anderson calculated the following expected crop prices to get farmers thinking about their options.
According to Anderson, using the Kansas City July contract, wheat producers could stand to make $4.10 for their wheat. Citing the CBT December contract, corn farmers can expect to receive about $3.40 at harvest. Using that same contract basis, sorghum producers may claim $3.15 a bushel. Soybean farmers could potentially secure about $9.50 based on figures from the Chicago November contract. Not leaving out canola - Anderson says producers can count on $7.10 at the elevator.
Cotton was also discussed as Anderson says reports indicate there may be a significant increase in the number of planted acres this next year. He says though that prices should land around $0.71. However, if it turns out to be a very large crop, he suggests that prices may hover somewhere in the $0.60 range, based off the December contract from the Cotton Exchange.
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.
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