Agricultural News
Kim Anderson Explores the 'Sell or Store' Question on This Week's SUNUP
Wed, 03 Jul 2013 16:34:57 CDT
With wheat harvest winding down, producers are making the decision to sell or store their crop. In a preview to this week's SUNUP program with Lyndall Stout, OSU Extension Grain Marketing Specialist Kim Anderson offers some perspective on making that call:
"I think they need to consider two things: What are their price expectations and how much risk they can take."
What are your price expectations?
"That's a difficult question. If you look at, say, over the next two, three or four weeks, there's a 65 percent chance that wheat prices are going down and a 35 percent chance they'll go higher. As you look out into the November-December time period, there's just a tremendous number of market factors that are going to impact that price. I think that we'll see the futures price go up or be higher than it is right now once we get out into that period. But I'm concerned about the basis because the basis is 40 to 45 percent above normal and I think we could lose that on the cash price."
(You can hear more of Kim Anderson's analysis by clicking on the LISTEN BAR at the bottom of this story.)
--Also this week, SUNUP joins a group of Israeli millers, bakers and wheat buyers as they visit the Robert M. Kerr Food and Agricultural Products Center (FAPC) to learn about OSU's wheat improvement program. Mike Schulte tells why the group is interested in product development. Then, Kim Anderson discusses the importance of relationship building for international-trade opportunities.
--Then, Al Sutherland and Gary McManus tell viewers about a new Mesonet site, evapotranspiration trends, and June temperatures and rainfall amounts.
--Derrell Peel covers the short- and long-term outlook for drought recovery herd rebuilding.
--In Cow-Calf Corner, Glenn Selk looks at the benefits of combining deworming with protein supplements to promote weight gain.
--Tom Royer explains treatment options for grasshoppers.
--In Shop Stop, Randy Taylor and Wayne Kiner demonstrate how to make tapered drill bits and how to use step drill bits.
--Then, Bob Wettemann shows research on pre/postnatal nutrition on cattle offspring growth rates.
--In Naturally Speaking, Terry Bidwell tells the correct time and proper cutting height for haying native grass.
--Finally, the show closes with the 120th harvest at the Magruder Plots, one of the country's longest-running, continuous winter wheat experiments.
Catch SUNUP: Saturdays at 7:30 a.m. & Sundays at 6 a.m. on OETA-TV. You can view archived programs on line at http://www.sunup.okstate.edu or http://www.youtube.com/sunuptv
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