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Agricultural News

Higher Soybean Prices Make the Oilseed Crop Attractive- Kim Anderson Talking Beans on SUNUP

Fri, 28 Jan 2011 6:23:10 CST

Higher Soybean Prices Make the Oilseed Crop Attractive- Kim Anderson Talking Beans on SUNUP Oklahoma State University Extenstion Grain Marketing Economist Kim Anderson says that soybean stocks have gotten progressively tighter since mid 2010- and that has been reflected in a higher trend for soybean prices.

Looking to the 2011 soybean planting decisions that are now being made by US farmers- the higher prices for soybeans are battling for more acres for the oilseed- and many Oklaoma farmers are among producers all over the midwest into the south that are looking at more acres of soybeans in 2011 in response.

For wheat producers, Dr. Anderson tells Lyndall Stout of SUNUP that he's not sure how much higher current wheat prices can go- the dollar increase in hard red winter wheat prices in recent days can be laid at the feet of those who are concerned about global food shortages. This element of fear seems to be an underlying driver in our current wheat market.

You can hear all of Kim Anderson's conversation with Lyndall Stout from this weekend's SUNUP by clicking on the LISTEN BAR below.

And- you can watch Lyndall and the rest of her team on SUNUP that can be seen on OETA Saturday morning at 7:30 AM. She tells us they have a great show lined up this week- and that includes:

On the heels of the Oklahoma Soybean Expo, SUNUP looks at the soybean business here in Oklahoma. We’ll get updates from producers and a member of the state soybean board. In addition, Chad Godsey looks at soybean planting and group selection, and John Damicone has the latest on diseases.

-Kim Anderson continues the discussion with an analysis of soybean prices in comparison to corn.

-In Cow-Calf Corner, Glenn Selk teaches us how to identify the signs of stage one calving.

-Derrell Peel looks at what record high cattle prices mean for the retail sector and whether the beef industry is in the midst of a short-term bubble.

-In the Mesonet forecast, Al Sutherland and the weather team explain the worsening drought situation and how soil moisture depletion could impact spring crops.

-Randy and Wayne give advice on selecting the right size and design of axle in Shop Stop.

-We talk with a motivational speaker from the Oklahoma Soybean Expo about humor and hope, as they relate to farming.

-Finally, we pay tribute to the life and career of Dr. G.T. “Doc” Easley, the pioneer of artificial insemination in the Hereford breed.


Lyndall Stout talks with Kim Anderson of OSU about soybean market conditions and planting decisions to be made this spring by farmers.
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