Agricultural News
This Week on SUNUP Kim Anderson Weighs the Positives and Negatives of Recent USDA Reports
Thu, 12 Jan 2017 18:45:03 CST
This week on SUNUP - Lyndall Stout is again joined by Oklahoma State University Grain Market Economist Dr. Kim Anderson. During this segment, Dr. Anderson gleans the positives and negatives from several reports released this week by USDA.
"I think we got two negatives and one positive," Anderson remarked, "and I think the positive is going to trump the negative."
According to his analysis of the USDA reports, Anderson says the impacts of the data reported in the World Agricultural Supply and Demand Estimates and the Quarterly Ending Stocks, aside from effecting small potential price increases, are more or less inconsequential.
However, the Winter Wheat Seedings report was much more surprising. Overall, this report does in fact show a significant decrease in acres planted in wheat which rallied market after the release of the report.
While this doe help the outlook for wheat prices, Anderson insists that the major factor that will determine whether or not producers can expect to receive at least a breakeven price for their grain depends on the quality of wheat they produce this year.
"I'm basically optimistic for prices, especially with these less acres. The market needs the test weight, needs protein. I'm looking at $4.25 if we can get some test weight and protein."
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 a winter wheat update with David Marburger.
- In the Mesonet Weather Report, Al Sutherland and Gary McManus explain how soil temperatures vary under bare soil and grass. They also show us that Woodward has not received more than a quarter inch of rain in 123 days.
- We have a reminder about the upcoming Canola College.
- Then, John Weir advises against burning brush piles following a snow event.
- In Cow-Calf Corner, Glenn Selk discusses three of the best ways to warm newborn calves in extreme cold weather.
- Kim Anderson says the latest USDA Crop Production and Winter Wheat Seedings report shows planted acres are the lowest since the Dust Bowl.
- Derrell Peel explains changes in the latest trade data for livestock.
- Finally, don't adjust your sets! SUNUP is rolling out our new look this weekend. Go to our Facebook page Saturday morning and let us know what you think!
Join us for SUNUP
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA-TV
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