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Agricultural News

Kim Anderson Says Wheat Prices Have Probably Reached Their Peak

Thu, 08 May 2014 16:57:33 CDT

Kim Anderson Says Wheat Prices Have Probably Reached Their Peak
In his preview to this week's SUNUP program, Dr. Kim Anderson, Oklahoma State University Grain Marketing Specialist, says he believes wheat prices may have reached their peak.

"We've had a good $2-plus run up in prices over the last couple of months. There are signs that we are hitting the top now. Production is going to determine if prices go up from now and we're not going to know how much wheat we've produced until it rolls across the scales. But there are signs that we are getting close to the top."

He says some of those signs include U.S. and foreign stocks. Stocks are going up in the rest of the world while the U.S. is the only country projected to have lower ending stocks.

"That means that we have adequate supplies of wheat throughout the world. If the foreign countries have good harvests, then I think that is going to put a cap on how high our prices are going to go."

Also on this week's show:

--SUNUP examine prescribed-burn techniques and conditions with John Weir and J.D. Carlson. Then, Terry Bidwell explains how to safeguard homes and property from wildfire with tips from the Firewise Communities Program.

--Al Sutherland tells how the Mesonet website reports data for a variety of changing weather conditions and response needs.

--In Cow-Calf Corner, Glenn Selk offers advice on preventing and treating eye problems in a herd.

--SUNUP introduces viewers to the 2014 DASNR Champions: Bob Funk, David Howard and Rodd Moesel.

-In Shop Stop, Wayne Kiner and Randy Taylor have a handy tip to ensure you always have a trailer hitch pin.

-Finally, SUNUP joins the CASNR Student Council and volunteers for the recent HungerU meal packaging event, which provided 10,000 meals to support the global fight against hunger.

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


Rising world stocks, lower U.S. stocks means white prices have probably topped out.
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