Agricultural News
Dr. Kim Anderson Discusses Wheat Price Changes- and we have your SUNUP preview
Thu, 28 Jul 2011 15:48:47 CDT
Dr. Kim Anderson, Grain Marketing Specialist from Oklahoma State University, predicts the wheat prices to go up, if they break $8.00 per bushel next week. Currently at $7.95, the wheat prices are still in a sideways pattern and Anderson predicts prices to stay that way until they break out the top or the bottom.
Anderson says the reason prices jumped to the higher end of the $7.00 to $8.00 range is the news on wheat harvest in the northern United States coming in over the past week. And with significantly less acres of spring wheat planted, yield estimates for the northern region are coming in at less than expected. It is also a general consensus that it will be the same situation for Canada, says Anderson.
Export sales for wheat are relatively good, says Anderson, but Russia is determined to be a major exporter for this crop year. Russia is currently underpricing the U.S. at anywhere from $0.75 to $1.25 less per bushel. Anderson also predicts the USDA dropping the estimated yield numbers for corn, which will make the corn stock relatively tight.
Click on the LISTEN bar below to hear the rest of Austin Moore and Dr. Kim Anderson's discussion on wheat and corn prices- as well as, his advice to producers on selling their wheat.
Besides Dr. Anderson, also this week on SUNUP, we meet with Garey Fox as he and his team demonstrate their stream bank stability study and explain what it means to agricultural producers.
Marley Beem discusses the problem of fish kills during the drought and pond renovations.
In the Mesonet report, Al and Gary deliver a drought forecast.
Jody Campiche explains eligibility for emergency haying on CRP acres in 25 Oklahoma counties.
We invite viewers to attend the Northwest Oklahoma Drought Meetings on Aug. 4 and 5.
We discuss warning signs for dehydration and heat exhaustion with Janice Hermann.
In Cow-Calf Corner, Glenn Selk examines the relationship between nitrates and the time of day a plant is cut.
In Shop Stop, Randy and Wayne have an overview of air conditioner maintenance.
And finally, we take you to State 4-H Roundup and visit with Miss Oklahoma.
SUNUP airs Saturdays at 7:30 a.m. on your local OETA channel.
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