Agricultural News
Kim Anderson Explains Why Wheat Prices are Climbing Just After Harvest
Thu, 21 Jun 2012 19:29:31 CDT
Wheat prices are on the rise, not the usual state of affairs just after harvest. Kim Anderson, OSU's small grain marketing specialist, says there are a number of factors pushing prices higher.
"One is the spring wheat area. They're getting too much rain. That rain is lowering the yield expectations. Spring wheat stocks are already ten percent below last year's level and they were already looking at a relatively good crop to offset some of those.
"You've got the corn production-rather than too much rain, they're not getting enough moisture over a large part of the corn area. The market is again lowering production expectations. Corn prices have been going up supporting wheat prices."
The financial crisis in Greece is "the joker in the deck," Anderson says, and is affecting market volatility.
You can hear more of the preview of Kim Anderson's comments on this weekend's SUNUP program by pressing on the LISTEN BAR below.
Also on this week's SUNUP:
--Jeff Edwards discusses the wheat variety results from OSU's research test plots around the state.
--In the Mesonet report, Al Sutherland and Gary McManus look at recent and average rainfall amounts and show us the latest drought monitor, which is expanding in southeastern Oklahoma.
-In Shop Stop, Wayne Kiner and Randy Taylor demonstrate how to turn an old metal file into a scraper.
-Next, Derrell Peel explains the current challenges in the feedlot sector, the opportunities for feeder cattle operators and what the anticipated record corn crop could mean for the industry.
-In Cow-Calf Corner, Glenn Selk talks about late-summer supplementation for heifers born last fall.
-Jody Campiche updates the status of the new Farm Bill that's making its way through Congress.
-Finally, visit Noble County for a tractor and equipment safety training program.
Catch SUNUP Saturdays at 7:30 a.m. on OETA. You can also see their archived videos on the OSU website by clicking here. You can also see them on Youtube by clicking here.
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