OSU Economist Kim Anderson Reviews Hard and Fast Slide in Grain Prices for SUNUPFri, 31 Jul 2015 05:25:33 CDT
Most Oklahoma grain farmers are very happy to say goodbye to the month of July, based on the hard down that most grain prices have taken since the end of June. Oklahoma State University Extension Grain Marketing Economist Dr. Kim Anderson told Dave Deken during their recording of Kim's SUNUP segment for this weekend that wheat, feed grains and soybeans all were in full scale retreat for most of July.
For example, wheat prices dropped from $5.79 down to around $4.65 from the end of June to the end of July- basis the September KC Wheat contract. Spring planted crops did not fare not much better- with corn dropping around 75 cents a bushel for the month, milo tracking corn downward and soybean prices falling over eighty cents per bushel for the month.
Dr. Anderson adds that any forward contracting of the spring crops ahead of harvest- corn, grain sorghum or soybeans- should be based on how much risk you are able to handle. You can hear all of Kim Anderson's take on the grain market July meltdown right now- ahead of the close of the grain markets for the weekend on Friday afternoon- by clicking on the LISTEN BAR below.
Beyond the weekly look at the grain markets that is offered by Kim Anderson- here's the lineup for a jam packed SUNUP for this weekend on OETA and also available on the SUNUP website:
This week on SUNUP, we talk with Oklahoma State University wheat breeder Brett Carver, about the Wheat Improvement Team's latest variety release, Bentley.
- Also, Extension entomologist Tom Royer, has a warning concerning Sugarcane Aphids in sorghum.
- Derrell Peel explains what the latest movements in the cattle markets could mean for Oklahoma producers.
- In the Mesonet report, Al Sutherland show us where the recent cool front dropped the temperature by 25F.
- In Cow-Calf Corner, Glenn Selk talks about how stockpiling Bermuda grass for winter feed.
- Finally, we talk see why seven undergraduate students from across the country have spent the last ten weeks learning from Oklahoma waterways.
Click here for the SUNUP website.
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