Agricultural News
U.S. Wheat Has Tough Competition in Exports - and we have your SUNUP preview
Thu, 08 Dec 2011 16:48:04 CST
Dr. Kim Anderson, Grain Marketing Specialist, takes a look at the export market for wheat and corn and how it will affect the U.S. wheat market. When it comes to the export market for wheat, Anderson says the competition for the U.S. is actually pretty stiff this year.
With countries like Russia and Ukraine having relatively good crops this year, Anderson says these countries and others in the former Soviet Union are taking their wheat to the Northern Africa and Eastern Asia markets. Also, Australia currently has a record wheat crop coming in this year despite recent rainfalls.
The Australian market is seeking out the export markets of China and Japan. Anderson adds that because of these rains, Australia is likely to see an increase in the amount of feed wheat in their crop, which in turn will reduce the export demand for corn.
Click on the LISTEN bar below to hear the rest of Lyndall Stout and Dr. Anderson's conversation about wheat and corn exports, the value of the dollar in terms of the grain market and if drought will continue to impact prices.
Besides Dr. Anderson, also this week on SUNUP, Larry Sanders and Jody Campiche provide an agriculture policy update that includes the potential for spending cuts and the expected changes to the 2012 Farm Bill.
Chad Godsey explains how summer and fall crops fared and what producers learned from the drought.
In the Mesonet report, Al Sutherland and Gary McManus have the latest on the colder weather and dramatic temperature swings, the number of hours of below freezing temperatures and the annual rainfall totals.
Then, Joe Armstrong explains how the recent rainfall spurred weed growth in wheat and stresses the importance of timely herbicide application.
In Cow-Calf Corner, Glenn Selk has tips on preparing livestock facilities for the winter months.
In Naturally Speaking, John Weir shows us the best ways to protect our homes from wildfire.
We conclude with Shop Stop, as Randy Taylor and Wayne Kiner analyze leaks in hydraulic hoses.
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