From staff reports STILLWATER – Dr. John Michael Riley, associate professor of Agricultural Studies at Oklahoma State University, discussed recent price movements in row crops, citing uncertainty among sellers and buyers. Riley said that the price increases are due to a lack of sellers in the market, forcing buyers to initiate transactions.
Cotton specifically faced downward pressure due to a strong dollar.
“There seems to be an avoidance of sellers in the marketplace, which tends to allow prices to move higher,” he said. “If you think about what’s going on, you know not many people are really aggressive with wanting to sell their corn, their beans, or wheat right now.”
Riley said weather conditions in Oklahoma are a concern for wheat planting, so producers are waiting on rain and optimal soil moisture before making decisions.
“I think the focus is on drying conditions here in Oklahoma,” he said. “There has been a lot of conversation about what we do with wheat planting. Oklahoma wheat planting as of Sept. 8 was at zero. We’re normally around 4% planted.”
Producers are waiting to see what the soil moisture will look like and the forecast for rain. Riley advised producers to consider their budgets and input costs before making decisions.