Kim Anderson Says Wheat Market Watching Lack of Rainfall in Southern Plains as a Market Key- Plus SUNUP Notes for This WeekendFri, 07 Jan 2011 4:39:52 CST
Oklahoma State Univesity Extension Grain Marketing Economist Dr. Kim Anderson says that current wheat prices have hit a new, higher plateau- especially for the hard red winter wheat that is traded in Kansas City. Anderson believes there are several factors helping support the current wheat price picture- and weather is one of those factors. He expects that we will have a "weather market" as we get into the February thru April time period, with the market watching precipitation- or the lack of it- closely in the southern Great Plains. He predicts, with his tongue in his cheek- that we will kill the wheat crop this year at least seven times before harvest.
Nearby- the next piece of news that the market will digest will be the winter wheat acreage numbers that will be released next Wednesday, January 12. Anderson agrees with other market watchers that more acres were planted this past fall- and says we will see how many acres USDA actually found when the numbers come out that morning.
You can see Lyndall and Kim talk about these issues on Saturday morning on SUNUP- or you can click on the LISTEN BAR and get a preview of that part of the show right now.
Besides Dr. Anderson's conversation with Lyndall Stout of SUNUP, this weekend's program offers a variety of stories for you to check out. Here's the lineup:
This week on SUNUP, Jody Campiche explains the federal disaster assistance program known as SURE and how it applies to 2009 Oklahoma wheat crop losses.
-Kim Anderson discusses his latest take on prices and supply and demand in the wheat market.
-Marley Beem gives tips on winter pond maintenance to help people get the most from their ponds in the warmer months.
-In Cow-Calf Corner, Glenn Selk gives advice on effectively implementing a nighttime feeding routine.
-Randy and Wayne have an overview of wire welding in the Shop Stop segment.
-In the Mesonet forecast, Al Sutherland and the weather team discuss the consecutive days without significant rainfall, soil moisture levels and the 30-day outlook.
-Finally, we learn to recognize the signs of dehydration and heat exhaustion in the winter with Janice Hermann.
SUNUP airs Saturday mornings at 7:30 on your local OETA channel.
Click here for the official website for SUNUP, where you can see reports from previous weeks.
WebReadyTM Powered by WireReady® NSI
Top Agricultural News