The wheat market has changed from pessimistic to semi-optimistic. However, the world wheat price of $5.91 f.o.b. (free on board) Black Sea port may limit Oklahoma and Texas cash wheat price increases during the 2018/19 marketing year.
“As a result, fewer stockers were placed on wheat than normal and many of those that did graze were forced to move off wheat early due to lack of forage. We’ve seen large placements of stocker cattle into feedlots the last few months.”
“What we found that was new was how these weeds have evolved resistance to glyphosate in such a short time. If you look at the evolution of glyphosate resistance in Palmer amaranth, based on our research, it appears to have occurred very rapidly.”
However, in the wake of an extremely dry fall and winter and the window for fertilizing quickly closing, Oklahoma State University Cooperative Extension experts see three different scenarios taking shape.