Kim Anderson Says Corn Remains King and Expects Wheat Prices to Dip FurtherThu, 19 Apr 2012 19:15:38 CDT
Wheat prices continued on a downward trend this week and OSU's Grain Marketing Specialist Dr. Kim Anderson says he thinks the price will go lower.
"Our wheat prices are going lower. We talked last week about that July contract broke $6.50. Our next target was weak support at $6.37 and that the price target was probably $6.00. Right now it's looking like that will probably be the case early next week if we stay below that $6.37 and I think $6.00 is where we're going to see that July contract going in the next few weeks."
This week on SUNUP, Kim Anderson will talk more with Lyndall Stout about the continued decline in wheat prices and gives marketing advice as harvest approaches. And you'll also find these reports:
--Tom Royer demonstrates how to identify armyworms in wheat, and explains treatment options and potential yield loss.
--In the Mesonet report, Al Sutherland and Gary McManus talk about storm damage, rainfall totals and the improving drought monitor.
--Jason Warren explains why springtime is ideal for assessing soil compaction.
--In Cow-Calf Corner, Glenn Selk talks about industry trends with OSU alumni Rick Rasby, who is now an Extension cattle specialist at the University of Nebraska.
--Kim Anderson analyzes the continued decline in wheat prices and gives marketing advice as harvest approaches.
--In Naturally Speaking, John Weir previews the May 8 meeting of the Oklahoma Prescribed Fire Council.
--Finally, Hailin Zhang and Jeri Fleming discuss the benefits of composting and rainwater harvesting as they invite viewers to upcoming workshops in western Oklahoma.
You can catch SUNUP on your local OETA station Saturday morning at 7:30.
Click the LISTEN BAR below to here more of Kim Anderson's analysis of grain price trends.
Click here to go to the SUNUP website. You can also see the SUNUP show archive by clicking here.
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