Agricultural News
Supply and Demand Report Could Move Markets Up or Down, Kim Anderson Says
Thu, 31 Oct 2013 16:55:21 CDT
Futures market traders are waiting for next week's release of the USDA supply and demand estimates. Oklahoma State University Extension Grain Marketing Specialist Kim Anderson takes a look at the report's potential impact in his preview of this week's SUNUP program.
"I think the market is just sitting back and waiting. There has been a lot of concern about what's going to be in that report. Probably not many changes in U.S. wheat. I think the market's expecting world wheat production probably to decline 100 to 200 million bushels. The big concern is with corn and soybeans. The early estimates are that we're going to have higher corn yields and higher soybean yields and probably lower corn acres and soybean acres and the market's just, from reading between the lines, hasn't just figured out how that will wash out when that report is released.
"It's possible we could have a big move down. It's possible we could have a big move up. It's possible it could be like these other reports of the exports that came out and it didn't matter much what the market expected-there was no change in price. The market just kind of smiled it off. That could happen on the 8th, but there's a lot of uncertainty as we come into the 8th."
Also this week, SUNUP discusses current Oklahoma water issues with Mike Langston. The show will look at the concept of water auctions with David Zetland, a water economist and keynote speaker at the recent 2013 Oklahoma Governor's Water Conference and Water Research Symposium. Then, Shannon Ferrell explains water classifications, permits and landowner rights.
-In the Mesonet report, Al Sutherland shows how the dew point levels measure moisture in the air and invites viewers to the National Weather Festival in Norman Nov. 2.
-In Cow-Calf Corner, Glenn Selk explains the importance giving mineral supplements to prevent grass tetany in mature cows grazing on wheat pasture this fall and winter.
-SUNUP travels to OSU's Eastern Research Station at Haskell, where Justin Talley describes a study that measures insect stress on cattle.
-In Shop Stop, Randy Taylor and Wayne Kiner demonstrate a way to tell if bearings are overheating.
-Next, OSU Animal Science graduate student Bryan Bernhard has a preview of the 20th Annual Totusek Lectureship Nov. 7.
-Finally, in Naturally Speaking, John Weir offers tips on planning a successful prescribed burn.
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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