Agricultural News
Grain Markets Shrug as Government Shutdown Ends, Anderson Says
Fri, 18 Oct 2013 10:38:05 CDT
The government shutdown is now over. The USDA is now back in business and Oklahoma State University Grain Marketing Specialist Kim Anderson says in this week's preview of SUNUP that there may be less impact on the markets than some analysts thought.
He said there was a 50-cent drop in the soybean market from one day to the next as the shutdown kicked in, but beans had been on a downtrend. The same downward movement also happened in corn, but it wasn't quite so dramatic. Wheat, which had been on an uptrend, continued its forward momentum.
"In other words, what did we see in the commodities and the grains? Not a whole lot before and during the shutdown."
Anderson said that as fresh data has begun to flow back into the system, it seems to be business as usual as the established sideways trends continue. You can hear more of Anderson's commentary by clicking on the LISTEN BAR at the bottom of this story.
Also this week on SUNUP, Jeff Edwards and Josh Bushong have an update on the progress of wheat and canola planting.
--Jody Campiche analyzes the aftermath of the government shutdown, has a farm bill update and tells producers about the Drought Emergency Fund.
--In the Mesonet report, Al Sutherland tells us about counties eligible for drought relief funds, average air temperatures and the recent rainfall totals.
--Then, Terry Bidwell identifies plant species commonly found in pastures this time of year.
--In Cow-Calf Corner, Glenn Selk explains the proper protein supplement rates based on various types of hay quality.
--In Shop Stop, Wayne Kiner and Randy Taylor demonstrate how to make a guide for a hole saw.
--Finally, SUNUP celebrates OSU Homecoming 2013 with another ride with Bullet and the Spirit Rider on the football field on gameday.
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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