Agricultural News
OSU's Kim Anderson Tells SUNUP- Wheat Prices May Fall Near Term if Basis Goes Closer to Normal
Fri, 19 Jul 2013 06:00:25 CDT
OSU Grain Marketing Economist Kim Anderson told SUNUP's Lyndall Stout in an interview that will be seen this weekend on the OSU Ag Communications' produced show that he is watching two of the underlying foundations holding up cash wheat prices in Oklahoma- the Kansas City September Wheat Futures contract and the current basis, which is 35 to 40 cents a bushel above normal levels for this time of year.
Anderson believes the relatively high basis is biggest danger to cash wheat prices in the weeks ahead- he points to the uncertainty in making a corn crop this fall as the likely reason that the basis is rather strong- and that the basis being at current levels is simply telling producers- sell us your wheat. He adds that as we get more certainty about the size of the 2013 corn crop- the basis will fall and that will put pressure on cash wheat prices here in the southern plains as a result.
You can watch Lyndall and Kim on this weekend's edition of SUNUP- or you can listen to them early only here on our website (and on our APP) by clicking on the LISTEN BAR below. Besides the Lyndall and Kim segement, there will be a lot to digest on this weekend's SUNUP edition.
This week- SUNUP travels to Enid for the 9th Annual Oklahoma-Kansas Winter Canola Conference. Interviews include Josh Bushong, Mike Stamm and Larin Wiens, a Garfield County canola producer.
In the Mesonet report, Al Sutherland and Gary McManus look at the impact of the recent rainfall.
Kim Anderson offers the latest market news and the compares storing vs. selling wheat.
In Cow-Calf Corner, Glenn Selk has tips on treating summer illnesses.
We take a closer look at Oklahoma Foundation Seed with Jeff Wright, Brett Carver, Brook Strader and Don Schieber.
In Shop Stop, Randy Taylor and Wayne Kiner talk about ways to properly dispose of hazardous shop waste.
Derrell Peel analyzes feeder cattle prices and beef imports from Mexico.
In Naturally Speaking, Dwayne Elmore explains how to manage pastures to promote quail nesting.
Finally, Bob Hunger, Richard Grantham and Jen Olson tell us about the Plant Disease and Insect Diagnostic Laboratory
SUNUP is seen on Saturday and Sunday mornings on OETA across Oklahoma.
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