Agricultural News
Wheat Market Feeling Effect of EU Debt Issue- and we have your SUNUP preview
Thu, 27 Oct 2011 16:46:44 CDT
With a variety of changes around the world when it comes to economics, the wheat market is feeling the changes. Dr. Kim Anderson, Oklahoma State University Grain Marketing Specialist, says that part of the problem between the European Union and Greece regarding a debt issue was partly alleviated later in the week.
Anderson says the market was excited about the changes being made concerning the debt between the two countries and the commodity even stablized a little bit. However, Anderson also adds that when you look at the debt compared to the gross domestic products, there is a potential for several countries to have potential debt problems.
Overall, Anderson says the potential for these debt issues and the current debt issues already underway, it makes the market more volatile and uncertain. With less demand and money being taken out of the market, there will be less trading and less volume. When asked to make a prediction on price, Anderson says is simply isn't going to happen with the current situation in the market.
Click on the LINK below to hear the rest of Austin Moore and Dr. Anderson's conversation on the European Union financial troubles and grain and feed prices.
Also this week on SUNUP, Daren Redfearn tells us the questions to ask when purchasing hay from outside sources.
In Cow-Calf Corner, Glenn Selk talks about effective use of wheat pasture.
Then, the Mesonet team has the latest statewide rainfall totals and an updated drought monitor.
We catch up with retired ranch manager Burke Teichert, guest speaker at the recent Master Cattleman Summit, for advice on rebuilding operations impacted by drought.
In Naturally Speaking, Dwayne Elmore explains the process of setting up a pond to attract waterfowl.
Randy Taylor and Wayne Kiner have tips on tow strap safety in Shop Stop.
Finally, to celebrate OSU Homecoming, we ride along with Bullet and the Spirit Riders, Zack Bahm and Margaux Tucker! We also hear from Dave Freeman and Bullet's caretakers when he's away from the spotlight, Ty and Jennifer Cunningham. Go Pokes!
Catch SUNUP on Saturdays at 7:30 a.m. on OETA.
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