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Agricultural News

A Triple Whammy- Kim Anderson Explains Lower Wheat Prices- and We Have This Weekend's SUNUP Preview

Thu, 19 Jan 2012 19:56:18 CST

It's a triple whammy that has slammed wheat prices in recent weeks- and Oklahoma State University Extension Grain Marketing Economist Dr. Kim Anderson is saying this weekend on SUNUP- there could be more downside ahead.


Dr. Anderson tells SUNUP host Lyndall Stout there are three reasons why wheat prices are in retreat- US and Global Wheat Stocks that are relatively high, Wheat acres in the US that are three percent larger than a year ago- and corn prices that are moving lower- so much so that corn prices are no longer a support point under cash wheat prices. Anderson points out that over the last couple of years, we have seen corn prices higher than soft red winter wheat prices- and that has been a strong support under wheat prices.


Kim indicates that corn acres may zoom higher this spring- and that has placed the proverbial wet blanket over corn prices- and as a result- wheat prices as well.


You can watch Lyndall and Kim Saturday morning on your local OETA outlet during the SUNUP telecast- or you can catch our audio preview of this duo by clicking on the LISTEN BAR below.


Besides Kim's wheat market comments, Lyndall and the crew have a great program lined up Saturday morning- here's program rundown:


Josh Bushong updates the progress of the winter canola crop with timely management advice on planted acres, plant conditions, insects, harvest planning and Canola U information.


In the Mesonet report, Al Sutherland provides soil moisture levels, fire index information and the latest Keetch-Byram Drought Monitor.


In Cow-Calf Corner, Glenn Selk explains the importance of exposing a newborn to colostrum in the first few hours after birth.


Shannon Ferrell discuses farm labor management issues, including I-9 forms, exemptions, and wages and hours.


In Naturally Speaking, John Weir talks about the wildfire that burned north of Edmond on Aug. 6, 2011, and its impact on surrounding vegetation.


Finally, in Shop Stop, Randy and Wayne demonstrate the difference between pipe and tubing.


Click here for the SUNUP website to see segments of previous shows and a lot more.


   
   

Lyndall Stout talks with Kim Anderson of OSU about the latest in the wheat markets right-click to download mp3

 

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