OSU's Kim Anderson Talks Wheat Market Factors on SUNUP- Plus Here's Your SUNUP Program LineupFri, 06 Jan 2012 04:23:03 CST
The Commodity Funds are starting to inject some money back into agricultural futures- and that was one of the reason for some strength in prices of our corn and wheat markets in the early days of 2012. Dr. Kim Anderson of OSU says that when you add worries about dry weather in South America, you have a couple of factors that could help prop up prices and keep them in a slightly higher trading range than we saw in the latter part of 2011- this despite the steep losses suffered on Thursday in the ag futures trade.
Anderson talked about these factors, as well as current wheat crop conditions in the southern plains and the upcoming day of reports from USDA this coming Thursday, January 12 with Lyndall Stout on this weekend's SUNUP, as produced by the Oklahoma State University Division of Ag Communications.
In particular, Anderson says that the fall seeded crop plantings report could really set the direction for the US Wheat market in the near term, as at least one major commodity house is predicting that USDA will show as much as 1.3 million acres more planted in Hard Red Winter wheat for this year than the crop that was growing at this time a year ago. Besides that report- you will also have USDA releasing on Thursday morning the final Crop Production numbers of 2011 and the regular monthly Supply Demand numbers domestically and on a global basis.
You can wait til Saturday morning to see this interview on OETA as it airs on SUNUP- or you can hear it now by clicking on the LISTEN BAR below.
Besides the Anderson Q&A, here's what else you will be able to see Saturday morning at 7:30 AM on this week's SUNUP.
An in-depth look at how fire impacts Oklahoma's landscape, wildlife and land management practices with John Weir, Dwayne Elmore, Terry Bidwell and Dave Engle.
The Mesonet team updates drought conditions, explains January's precipitation and temperature predictions and has a 2010-2011 rainfall comparison.
And In Cow-Calf Corner- Glenn Selk explains how feeding time adjustments can impact calving time.
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