Agricultural News
Commodity Prices Fall Across the Board- and we have your SUNUP preview
Fri, 30 Sep 2011 14:11:37 CDT
Commidity prices have seen a dip in prices across the board. According to Grain Marketing Specialist Dr. Kim Anderson, the Kansas City Board of Trade December wheat contracts are down about $1.70, while wheat cash prices are down $1.50. Corn prices are down as well, falling $1.50 along with soybeans.
Anderson says essentially all commodity prices have fallen out of bed in the past couple of weeks. Anderson also says that one of the main reasons for the drop in prices is the uncertainty in the economies around the world, especially the Eurpoean Union, Spain and Greece. A majority of the funds that have a large impact on the market have been liquidating their long positions, which is causing these declining prices.
When it comes to market trends, Anderson says while it is in a downward trend right now, the December contract has to close below $7.20 for the downward trend to continue.
Click on the LISTEN bar below to hear the rest of Lyndall Stout and Dr. Anderson's conversation on the recent price drop for commodities and more on crop insurance requirements.
Also, this week on SUNUP, Jason Warren pulls a soil core to illustrate how the drought is impacting soil moisture.
The Mesonet team looks at the yearly precipitation level report, which shows below normal rainfall for 74 of 77 Oklahoma counties.
In Cow-Calf Corner, Glenn Selk explains why bulls should receive a breeding soundness exam this year.
In Shop Stop, Wayne and Randy discuss common types of scrap metal that can be recycled for cash.
Then, Craig McKinley looks at the drought's impact on common trees and describes ways to utilize Eastern redcedar.
Finally, we check out the 4-H and FFA projects at the 2011 Tulsa State Fair and learn about the fair's new Ag Interaction exhibit.
SUNUP airs Saturdays at 7:30 a.m. on your local OETA channel
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