Agricultural News
Mississippi River, World Harvests Keep Hard Red Winter Wheat Prices High, Anderson Says
Thu, 29 Nov 2012 17:09:51 CST
On this weekend's SUNUP program, Lyndall Stout interviews Kim Anderson, grain marketing specialist at Oklahoma State University. In this week's preview, Anderson says dropping water levels in the Mississippi River are causing quite a bit of concern and could impact hard red winter wheat prices.
"If you look at the Mississippi River, the concern there is getting corn, soybeans, and some soft red winter wheat that's been sold for export down to the Louisiana Gulf so that we can load them out. If that water level gets any lower then we're going to have problems. We won't be able to meet those export contracts. Of course, that's supporting the wheat prices. And if that happens-can't get that corn down to export on the world market-then there's going to be higher demand for hard red winter wheat that we can get for export."
Anderson says prices for U.S. hard red winter wheat are above world averages.
"Right now if you compare our hard red winter wheat prices to the world wheat prices, our prices are above that. An example of that is our exports are below where we'd like them to be. I think what the market's doing is protecting our hard red winter wheat, making sure if we have the drought, making sure we have hard red winter wheat for our millers as we get into the next marketing year."
Anderson says there is a lot of wheat from Argentina, Australia, and Canada moving onto the world market right now which is also keeping American prices high.
You can hear more of Kim Anderson's analysis by clicking on the LISTEN BAR below or by tuning in to SUNUP this Saturday morning at 7:30 on OETA.
Also on this week's program:
--A visit to Beckham County to the Elk City Livestock Auction takes viewers on a behind-the-scenes look at asafe cattle handling workshop. Interviews include Curt Pate, Greg Hartman, Michelle Calvo-Lorenzo, Jeff Jaronek and Brandon Hickey.
--In the Mesonet report, Gary McManus has an overview of drought conditions, rainfall amounts from the past two months and the December outlook.
--In Shop Stop, Wayne Kiner and Randy Taylor demonstrate how to safely square rough-cut lumber.
--Dave Lalman and the team from the OSU North Range show the steps of hay ammoniation.
--In Cow-Calf Corner, Glenn Selk explains the difference between colostrum supplements and replacements.
--Finally, in Naturally Speaking, Dwayne Elmore examines rangeland forage regrowth after fire.
You can watch archived episodes of SUNUP on the OSU website by clicking here. You can watch them on Youtube by clicking here.
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