Agricultural News
World Ending Stock Projections Send Prices Slightly Higher
Fri, 12 Oct 2012 03:26:43 CDT
In a preview to this weekend's SUNUP program, OSU Small Grains Marketing Specialist Kim Anderson takes a look at the latest World Agricultural Supply and Demand Estimates.
"The numbers the market was watching were the ending stocks. They came in at 654 million bushels. The market was expecting 630, so slightly above that. The five-year average is 708 million bushels. In the report, the USDA raised the feeding of wheat or the wheat used for feed and lowered the exports. In the world, the market was expecting lowered ending stocks. They got that. The world at- 6.35 billion bushels, down 227 million, the average at 6.54 billion bushels. They raised the production estimates for Australia, Russia, European Union, also minor adjustments for Canada, Uruguay and some other minor countries like that."
Anderson also said that corn ending stocks were revised lower and that sent the corn and wheat markets up slightly. He says he expects corn prices to remain strong going forward.
You can hear Anderson's full conversation with Lyndall Stout by clicking on the LISTEN BAR at the bottom of this story.
Also on this weekend's program, SUNUP travels to the North Central Research Station at Lahoma to talk with Jeff Edwards about the progress of winter wheat planting and soil moisture conditions.
-In Cow-Calf Corner, Glenn Selk discusses the importance of following VAC-45 protocol prior to selling calves.
-A visit to Southeastern Oklahoma continues with an overview of the Pine Integrated Network: Education, Mitigation and Adaptation Project (PINEMAP). Guests include Bob Heinemann, Rod Will, Randy Holeman and Cassandra Meek.
-In the Mesonet report, Al Sutherland recaps the weekend low temperatures and Gary Sutherland updates the drought picture.
-In Shop Stop, Wayne Kiner and Randy Taylor demonstrate how to dislodge a broken screw.
-Then, Derrell Peel looks at the emerging wheat crop's impact on cattle markets.
-Finally, J.D. Carlson invites viewers to upcoming OK-FIRE training sessions around the state.
You can catch SUNUP Saturdays at 7:30 a.m. on OETA.
You can also watch archived SUNUP programs on the OSU web page by clicking here or on Youtube by clicking here.
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