Agricultural News
Anderson Says Wheat Market 'Catching Its Breath' In Weekly SUNUP Preview
Thu, 07 Jun 2012 17:58:55 CDT
Wheat prices climb 20 cents this week after sliding lower for the past couple of weeks. In a preview of this week's SUNUP program, OSU Small Grain Marketing Specialist Kim Anderson, says the markets are treading water.
"The market's just kind of catching its breath and evaluating what's going on out in the world. We talked about the European Union and the Euro problems and those are still going on. China this week, they lowered their interest rates trying to get their economy going a little better than it was. The wheat harvest in Oklahoma and Kansas is coming in less than was expected and I think that helped put the brakes on prices."
He said the WASDE report to be released next Tuesday might hold some surprises, but if prerelease numbers hold true, they portend a mixed bag of ending stocks in the grain market with wheat higher than expected, corn way up and soybeans down.
"If these numbers come in as the average of these estimates indicate, I think we'll see some stability in prices. Our wheat prices may go down with harvest pressure as they go up, but I think these numbers are going to help support our prices."
You can hear more of Lyndall Stout's interview with Kim Anderson by pressing the LISTEN BAR at the end of this story.
Also on this week's SUNUP:
--Terry Bidwell explains how to use prescribed fire to control ticks and other insects.
--In the Mesonet report, Al Sutherland and Gary McManus have the latest drought monitor and compare recent temperatures to the same period last year.
--In Shop Stop, Randy Taylor and Wayne Kiner have tips on cutting nylon rope to prevent it from fraying.
--Derrell Peel explains why slaughter and beef production have dropped, and what it means for the market in the next few months.
--In Cow-Calf Corner, Glenn Selk looks at the importance of pregnancy checks for heifers in their first breeding season.
--Visit Pontotoc County for a behind-the-scenes tour of Ziegelmeier's Toasted Pecan Butter in Ada. Erin Johnson of the Robert M. Kerr Food and Agricultural Products Center shares the secret to the family's success.
--Finally, preview the new "Grain Bin Safety" video produced by OSU's Stored Products Research and Education Center.
Catch SUNUP: Saturdays at 7:30 a.m. on OETA. You can also find archived shows online by clicking here and here.
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