Kansas City Wheat Rally Likely Tied to Market Demand- Kim Anderson Explains on SUNUPFri, 14 Nov 2014 05:52:39 CST
Over the last few market days, we have seen the Kansas City Hard Red Winter Wheat market slip below support levels that OSU Grain Marketing Economist Dr. Kim Anderson discussed a week ago on the weekly SUNUP program that is produced by the Ag Communications team at OSU.
In this weekend's market update- that that will be seen on OETA on the SUNUP show- Dr. Anderson says that wheat did slip down to $5.65 a bushel, basis the KC December contract- but then showed strength and has since rallied now back to $6 and just above.
The question is why- and it was asked by Lyndal Stout. Anderson says you can't really point to any single factor- but rather just a feeling of better demand for wheat domestically and internationally.
The good Doctor also talked current price ranges that corn and soybeans are now in- and how the market has behaved since the Monday Crop Production and WASDE reports.
We have Anderson and Stout talking markets- click on the LISTEN BAR below to take a listen.
SUNUP can be seen on OETA across the state of Oklahoma- Dr. Anderson's segment on the markets is one of the standard features of this weekly show from Oklahoma State University. You can learn more about SUNUP and check out their archives of previous shows by clicking here.
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