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Agricultural News

Grain Prices Recovering after WASDE Report - and we have your SUNUP preview

Thu, 13 Oct 2011 16:37:33 CDT

After a rollercoaster of a week in the wheat and grain marketplace, Dr. Kim Anderson, Oklahoma State University Grain Marketing Specialist, says there was a big surprise this week with corn prices, wheat prices and soybean prices all up right before the USDA World Agricultural Supply and Demand Estimates report was released.


Anderson says it is unusual to see either a significant up move or down move with prices right before that report comes out. However, if you look at the WASDE report, Anderson says there are some other surprises in it. The corn production estimate was 38 million bushels below the average, while the soybeans were 21 million bushels below average.


When it comes to ending production stocks, corn was 60 million bushels above the trade estimate for ending stocks. Soybeans were 23 million bushels below and wheat was 104 million bushels above the trade expectations.


Overall, says Anderson, there was a marginally negative impact for corn, slightly positive impact for soybeans, and a really negative impact for wheat.


Click on the LISTEN bar below to hear the rest of Lyndall Stout and Dr. Anderson's converation on the grain marketplace and the fluctuation in prices this week.


Besides Dr. Anderson, also this Week on SUNUP, we travel to southwestern Oklahoma to discuss the recent rainfall with Harmon County Extension educator Lawrence Tomah, and see the planting underway at the wheat demonstration plots.


-Next, Brian Arnall has advice on nitrogen application to wheat.


-In the Mesonet report, the team looks at statewide rainfall totals and releases the new drought monitor, which shows improvement in some areas.


-Jody Campiche continues our policy conversation with the programs that could be impacted by changes to the Farm Bill.


-In Cow-Calf Corner, Glenn Selk talks about hay quality and testing.


-Randy and Wayne demonstrate how to lubricate saw blades in Shop Stop.


-Then, Mike Woods previews the upcoming Rural Economic Outlook Conference.


-Finally, in Naturally Speaking, Dwayne Elmore compares waterfowl to fish as a pond management option.


Catch SUNUP on Saturdays at 7:30 a.m. on OETA.


   

   

Dr. Anderson and Lyndall Stout discuss grain price fluctuations right-click to download mp3

 

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