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Oklahoma State agricultural economist Kim Anderson advises Oklahoma wheat farmers to ride rallies and avoid greed. Hard red winter wheat averaged $3.84-3.87 per bushel in Southwest Oklahoma, and the crop's test weight is averaging over 60 pounds.
Local cash prices are holding in the mid-$3s, with the market supported by recent rallies. The commentary offers little new supply information that would move prices on its own.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.