Next Week Critical for Wheat Prices, Kim Anderson SaysThu, 29 Aug 2013 18:19:11 CDT
The 20-cent runup in wheat prices this week has traders excited, but all it did was put prices in the top half of the sideways range they had been trading in. So says Oklahoma State University Small Grains Marketing Specialist Kim Anderson. In his preview for this week’s SUNUP show, Anderson says there’s just not much going on in wheat markets right now.
“This is the week before a three-day weekend and traders are just getting into position for the long weekend. Next week is going to be the critical price time.”
Anderson says he expects the price of wheat in December will be between $7.00 and $7.25. He expects a big crop next year and is betting on $6.00 wheat next June.
Also this week on SUNUP, with fall planting underway Jody Campiche discusses several important crop insurance deadlines.
-Kim Anderson looks at this week's wheat price shift and the influence of corn on the market.
--In Cow-Calf Corner, Glenn Selk discusses the risk associated with delaying assistance to a cow that may be having a difficult birth.
--Next, Josh Bushong looks at calibration procedures for canola planters.
--In the Mesonet report, Al Sutherland and Gary McManus analyze the 10-year temperature trend, the recent dry conditions and show us the latest drought monitor.
--Derrell Peel talks about the increase in cattle prices, fall wheat pasture potential and regional forage conditions.
--Gant Mourer tells viewers about the fall schedule for the Oklahoma Quality Beef Network Vac-45 Sales.
--In the new Food Whys segment, Jacob Nelson explains the evolution of nitrates in foods and the recent trend of nitrate-free deli meat.
--Finally, SUNUP celebrates fair season with highlights from Texas County.
Catch SUNUP: Saturdays at 7:30 a.m. & Sundays at 6 a.m. on OETA-TV or online at http://www.sunup.okstate.edu or http://www.youtube.com/sunuptv.
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