OSU Grain Marketing Economist Kim Anderson Talking Falling Wheat Prices on SUNUPFri, 18 Nov 2011 05:56:41 CST
Limited demand in the international marketplace for hard red winter wheat may force Kansas City wheat futures to test support at $6.70 a bushel in the Kansas City March 2012 contract. That test may happen as early as today in the grain markets- and if not today- early next week. That's the opinion of Extension Livestock Market Economist Dr. Kim Anderson, who adds that Fund traders have been backing out of the wheat markets in recent weeks- and that has contributed to the softness in this market as we approach the end of the calendar year.
Dr. Anderson's comments come in a visit with Austin Moore from the SUNUP program that is seen Saturdays on OETA across the state. You can watch Saturday morning to see the full interview between Austin and Kim- or you can click on the LISTEN BAR below and hear their visit right now.
Besides Kim Anderson's regular look at the markets- here's the rest of the rundown of this weekend's SUNUP program:
Jeff Edwards updates the progress of the wheat crop after the recent rainfall. Joe Armstrong follows with timely weed control advice.
In the Mesonet report, Al Sutherland discusses the rapid cycle of air temperature changes and the steady drop in soil temperatures.
Derrell Peel analyzes the factors behind record high beef prices.
In Cow-Calf Corner, Glenn Selk explains the best way to use wheat pasture to benefit bred cattle.
In Shop Stop, Wayne Kiner and Randy Taylor demonstrate how to build a homemade hay sampler.
Finally, Scott Fraizer explains the deadlines and requirements for farms for the EPA's Oil Spill Prevention, Control and Countermeasure Program (SPCC).
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