Agricultural News
Crop Tours in Kansas and Oklahoma Give Grain Markets Some Food For Thought, Anderson Says
Thu, 03 May 2012 17:48:43 CDT
Crop tours in Kansas and Oklahoma have roiled grain markets and Dr. Kim Anderson tells Lyndall Stout in these weekend's SUNUP that the numbers coming from the tours could be fueling a decline in prices.
"Potential record yields in Oklahoma, near record yields in Kansas. I think the numbers came out higher than the market expected and then if you look at production estimates that are being bandied about by different analysts, they are relatively high. Corn is the price setter right now, looking at maybe 14,600,000,000 bushels. Wheat: 2,270,000,000 bushels, somewhere in that vicinity. Large crops. Increasing ending stocks."
"After the first day of the tour, prices fell relatively hard. We've been talking about the Kansas City July contract at $6.37 price level. That's an extremely important price support. If busted through, if it stays below that $6.37 as we go into next week, then we've got a potential 50 cents down price as go from now into harvest."
Also on SUNUP this week in addition to Kim Anderson's analysis of the grain markets:
--Travel to Cow-Calf Bootcamp in Kellyville to talk with Dave Sparks and Brian Pugh, as well as the co-owner of Enlow Ranch and other producers.
--In the Mesonet report, Al Sutherland and Gary McManus show us the recent rainfall totals, and April's precipitation and temperature records.
--Next, visit Alfalfa County, one of many stops on the U.S. Wheat Tour.
--In Cow-Calf Corner, Glenn Selk demonstrates management practices to help increase weaning weight.
-Jody Campiche reminds producers about deadlines for ACRE program applications.
-In Shop Stop, Wayne Kiner and Randy Taylor explain why you should look for a high-duty cycle when welder shopping.
-Dave Lalman, Steve Hisel and Sara Fisher recap the recent student trip to the National Cattlemen's Beef Association convention in Nashville.
-Finally, in Naturally Speaking, Dwayne Elmore discusses how to control rabbits on your property.
Catch SUNUP: Saturdays at 7:30 a.m. on OETA, or online by clicking here..
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