Kim Anderson Talks Wheat Marketing Strategy on This Weekend's SUNUPFri, 06 Jun 2014 06:46:42 CDT
OSU Extension Grain Marketing Economist Dr. Kim Anderson says as harvest arrives and farmers bring the crop in- the choice is to either store the crop or market it- and he continues to be a fan of his "mechanical" marketing strategy- A Third, A Third and a Third.
Dr. Anderson says one of the things that US wheat farmers have to understand is that a large or small US wheat crop is simply not as powerful as it once was in moving the market. He tells SUNUP in his segment for this weekend's program that the US crop is less than eight percent of the world wheat crop and that the US exports will total less than twenty percent of the global wheat trade. That means that a bumper crop elsewhere in the world (or a shortfall) can have just as much or more impact than crop conditions domestically- and will be felt at times other than right here as we begin harvest of the US winter wheat crop.
You can see Kim Anderson on SUNUP this weekend on OETA- or you can hear his comments early by clicking on the LISTEN BAR below.
Besides Kim's segment on this week's SUNUP- here's the complete rundown:
Extension Canola Specialist Josh Bushong in El Reno talks about challenges canola producers may face as harvest begins. Then, Ron Sholar discusses how this year’s crop could impact the canola industry overall.
In Cow-Calf Corner, Glenn Selk explains how fence-line weaning could improve profit margins.
We travel to Cotton County, where Jeff Edwards harvests the state’s first wheat research plot of the year. We also learn about wheat quality in the area and other harvest information from Extension educator Richard Austin, Co-Op general manager Charlie Swanson and local producer Jimmy Kinder.
Next, Kim Anderson covers harvest marketing options and wheat price projections.
In the Mesonet report, Al Sutherland shows us the current soil temperatures and the Cattle Comfort Index. Then, Gary McManus recaps May's weather conditions.
Finally, Tom Royer explains why grasshoppers will be more abundant this summer and looks at treatment options.
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