OSU Grain Marketing Economist Kim Anderson Sees Good News for Wheat in Latest WASDEFri, 11 Nov 2016 06:15:55 CST
Oklahoma State University Extension Grain Marketing Economist Dr. Kim Anderson says he has unearthed some good news from the latest WASDE report from USDA that was released on Wednesday midday. Anderson told Dave Deken on this week's SUNUP that wheat prices may have bottomed.
Anderson points to the USDA analysts raising expected wheat prices by a nickel to an average of $3.70. He says that tells him that they believe that wheat prices may have bottomed and that a little bit of upside may be coming in the wheat market. Deken also asks Dr.Anderson for a 2017 harvest price- and he is looking for a 2017 harvest season price around $3.75 a bushel- still at least fifty cents under the cost of production for many Oklahoma wheat producers.
You can listen to Kim and Dave by clicking on the listen bar below.
Besides the regular segment that features Kim Anderson- here is the weekly lineup for SUNUP that will be seen on OETA this weekend:
SUNUP travels to Woodward County for the Oklahoma Quality Beef Network sale.
- We start with research with algae that may take water used for industrial purposes and clean it for crop irrigation.
- Then, Bob Hunger has an advisory about rust in Oklahoma wheat.
- We visit the recent herbicide symptomology clinic held in Stillwater.
- In the Mesonet report, Al Sutherland says fall is finally here and rainfall has been patchy.
- In Cow-Calf Corner, Glenn Selk explains how to estimate the amount of hay cattle producers need to get through the winter.
- Finally, we hear from producers participating in the OQBN sale at the Woodward Livestock Auction about the benefits of value-added sales.
Oklahoma Agriculture Starts at SUNUP!
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Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA-TV
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