Agricultural News
Kim Anderson Says Russia, Ukraine and Kazakhstan are the Wheat Markets to Watch on SUNUP
Thu, 15 Dec 2016 18:11:10 CST
This week on SUNUP, Oklahoma State University Extension Grain Market Analyst Dr. Kim Anderson joins Lyndall Stout to discuss the role the United States' plays in world wheat production.
Harkening back to 1987, Anderson cites that world production was at approximately 18 billion bushels. Today, more than 27 billion bushels is produced worldwide - a 50 percent increase from three decades ago.
Looking at that same time period, the five-year average for the US was about 2.3 billion bushels. The current five-year average runs only at about 2.1 billion. Compared to other countries, Russia, Ukraine and Kazakhstan for instance, their production in the 80s was around 3 billion. Today, it's over 4 billion.
"So, we've seen an increase in production just about everywhere around the world except in the US," Anderson said.
Increase planted acres, higher yields and better infrastructure have all contributed to this area's increased production. According to Dr. Anderson, this trend is not just a cycle, but rather it is here to stay for the foreseeable future.
Dr. Anderson contends that this has all developed over the last 10 to 15 years and that our markets will not be effected in anyway other than the fact that we must realize that world markets now determine US wheat prices and this should be expected to continue. In order to stay competitive though, Anderson reiterates a point he's been making for many months.
"To compete in that market," Anderson said, "we got to have protein, test weight, and milling quality wheat."
You can watch their visit tomorrow or Sunday on SUNUP- but you can hear Kim's comments right now by clicking on the LISTEN BAR below.
Beyond Lyndall's weekly chat with Dr. Anderson- the SUNUP crew has a very full lineup for your viewing this weekend:
This week on SUNUP, we start with Dave Lalman discussing the best ways to conserve hay this winter.
- In Cow-Calf Corner, Glenn Selk explains the importance of colostrum to newborn calves.
- Then, Derrell Peel analyzes the latest livestock trade data.
- In the Mesonet Weather Report, Al Sutherland and Gary McManus show us where rain fell during the last 90 days and how that impacts the drought.
- Kim Anderson says Russia, Ukraine and Kazakhstan are the wheat markets to watch.
- In Shop Stop, Wayne Kiner and Randy Taylor demonstrate the proper thread length for a shear bolt.
- Randy Boman has a reminder about the upcoming Red River Crops Conference.
- In Food Whys, Salim Hiziroglu shows us different products that can be made from Eastern redcedar.
- Finally, we travel to Stephens County for one of the largest swine sales in the country.
Join us for SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA-TV
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