Rain In Forecast For Texas, Oklahoma But Will Wheat Improve?

It’s no secret that wheat is struggling in Oklahoma and Texas.

Wheat prices surged to a three-year high a while Thursday as Ukraine said it will limit exports of milling wheat after a drought wrecked European crops.
Wheat prices surged to a three-year high a while Thursday as Ukraine said it will limit exports of milling wheat after a drought wrecked European crops.
(Farm Journal)

The drought stricken areas of western Oklahoma and the Texas Panhandle could see some much-needed rain this week, but conditions are still dire.

According to the latest U.S. Drought Monitor, the entire Oklahoma Panhandle is in D4, or exceptional drought, and The Texas Panhandle is experiencing D3, extreme drought, and D4 conditions.

The drought is still having an impact on winter wheat conditions. In the latest wheat condition report from USDA’s National Agricultural Statistics Service (NASS), 31 percent of the nationwide winter wheat crop is rated good to excellent, a 1 percent improvement from last week.

13 percent is good to excellent in Texas, 8 percent is rated good to excellent in Oklahoma, and 12 percent is rated good to excellent in Kansas.

With the dry conditions and cold weather, some analysts think any improvement to the winter wheat crop will be difficult.

“The drought has still taken away a lot of the yield potential, and that’s going to hurt the crop’s ability to come back from this spring freeze damage,” said Arlan Suderman, chief commodities economist for INTL FCStone.

According to Suderman, the rains from the weekend are likely to improve the millability of the crop in some regions compared to yields.

“The drought has still taken away a lot of the yield potential, and that’s going to hurt the crops ability to come back from this spring freeze damage,” said Suderman.

AgWeb-Logo crop
Related Stories
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Ben Rand of Blue Line Futures says an unprecedented Western drought is shrinking crops, drying up wells, tightening hay supplies and accelerating cattle herd liquidation across the region
Read Next
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
Get News Daily
Get Market Alerts
Get News & Markets App