HRW Wheat Testing Price Support Levels- Kim Anderson Explains AllFri, 22 Nov 2013 05:45:01 CST
"What goes up must come down" is a phrase that we have all heard for most of our lives- and that adage has apparently happened in our wheat market over the last few months. In his regular segment on the SUNUP program seen on OETA each weekend, Kim Anderson with OSU discusses how the hard red winter wheat market jumped up by about seventy cents a bushel in late September into early October- and then has tailed off since that time.
Anderson says currently the market is close to support levels at just under seven dollars a bushel- basis the Kansas City March HRW futures. He believes that the support level will hold- but if the market should close under $6.94 in that contract- there is a good chance that the wheat market could retreat about thirty five cents a bushel. He believes a more likely scenario is that the March contract will stay above that support level- and that the market will wallow around and perhaps drift a little higher in the weeks ahead.
You can hear the Kim Anderson segment ahead of the TV show that airs over this weekend- click on the LISTEN BAR below.
Besides the wheat market segment on SUNUP this weekend- there is a great show ready to roll on OETA this weekend- that lineup includes:
A visit to the Cimarron Valley Research Station near Perkins, where Angela Post identifies weeds producers are seeing in wheat fields and looks at treatment options.
Then, we interview this year's distinguished speaker in the plant and soil sciences department. Tom Sinclair is an agricultural researcher and professor at North Carolina State University, who wrote the book Bread, Beer and the Seeds of Change.
In the Mesonet report, Al Sutherland and Gary McManus look at soil moisture levels, the latest drought monitor and the percentage of normal rainfall during the past three months.
Derrell Peel discusses the trend of record livestock prices, the market for replacement heifers and why ranchers are vulnerable to cattle theft.
In Cow-Calf Corner, Glenn Selk explains why now is a good time to prepare your operation for spring calving and what to include in an emergency calving kit.
We talk with Mike Klumpp about a new online ATV safety course and the progress of the ATV Ride Safe Oklahoma program, a statewide collaboration that includes Oklahoma Cooperative Extension
and 4-H Youth Development.
-In Shop Stop, Randy Taylor and Wayne Kiner explain why it is important to consistently use the same tape measure until a project is complete.
-Finally, in Food Whys, Darren Scott breaks down the three sections of a food nutrition label.
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