Agricultural News
Kim Anderson Explains Why Wheat Prices Are On The Rise And We Look At This Weekend's SUNUP Lineup
Fri, 27 Jan 2012 01:47:46 CST
Wheat prices gained 50 cents on the week and the wheat crop is looking good. Grain marketing specialist Dr. Kim Anderson says if the price stays above the $7 level at Monday's close, we may be looking at a new target price of $7.50 for the Kansas City Board of Trade March contract.
Anderson says the major factor in the higher price is the former Soviet Union. The country had determined to be a big player in export markets this year, and it appears they may have already sold the major portion of their exportable stocks onto the market. Anderson expects the Russians to stay on the sidelines through June.
This gives other exporters and advantage through that time and he expects prices will reflect increased demand from the Middle East.
With the possibility of a large growth in next year's corn crop, Anderson sees the possibility of slightly lower wheat prices and significantly lower corn prices on the far horizon.
You can listen to an audio preview of the interview with Anderson by clicking on the LISTEN BAR below, or catch the full interview on Saturday morning's SUNUP broadcast on your local OETA station.
Besides Anderson's market analysis, this weekend's SUNUP will feature:
Dave Freeman talking about the new Oklahoma Livestock Relief Coalition, horse body condition scores and what to do before refeeding an animal.
Derrel Peel tells us why beef prices started off strong for 2012 and how decreases in beef production could drive the market in the months ahead.
In Cow-Calf Corner, Glenn Selk explains the causes of calf scours among a herd.
In the Mesonet report, Al Sutherland recaps this week's rainfall amounts and updates the drought index.
Viewers can check out a field study with Chris Zou, who explains how his team is comparing water use of grass to Eastern red cedar.
Randy Taylor and Wayne Kiner explain tire ratings in Shop Stop.
The show will also have highlights from the Northwest District Livestock Judging Contest in Garfield County, featuring interviews with Jeff Bedwell and Jack Staats.
Click here for the SUNUP website to see previous shows and a whole lot more.
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