Agricultural News
Kim Anderson on Current Wheat Market Situation- Huge Stocks Trump Fewer Acres
Fri, 02 Apr 2010 6:24:19 CDT
OSU Grain Marketing Economist Dr. Kim Anderson talked about the latest market news that has impacted the wheat marketplace with Clinton Griffiths of OSU for this weekend's SUNUP program. Anderson sees no major surprises from the Prospective Plantings and Grain Stocks reports of earlier this week- fewer acres of wheat overwhelmed by huge supplies.
And Anderson adds that the 2010 HRW crop is looking good in the southern plains states of Texas, Oklahoma and Kansas, which is weighing on the market as well.
He concludes that it is possible that even though we have a billion bushels overhanging the market right now- we have a big enough crop being grown that we could actually grow stocks even larger in the coming months- and if that happens, Dr. Anderson says "there's no hope for prices."
Besides the Kim Anderson segment ready to go for SUNUP- which you can listen to early by clicking on the Listen Bar below- Clinton Griffiths gives us the full rundown on the rest of the program for the Easter Holiday weekend.
SUNUP looks at the national and state economies and its impact to Oklahoma agriculture.
Glenn Selk discusses the importance of good records during severe weather season.
In Shop Stop the guys are discussing how to choose the proper bearing for the job.
AGWEATHER looks at rainfall and wind speed totals during March.
SUNUP travels back to the Oklahoma Youth Expo for the Oklahoma legislative showmanship showdown.
A tribute to the state’s latest Agricultural Hall of Fame winner, Lew Meibergen.
SUNUP is seen Saturday mornings on OETA and is produced by OSU Ag Communications.
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