This Week on SUNUP - Dr. Kim Anderson Reviews Wheat Market Dynamics of the Last Two WeeksThu, 23 Mar 2017 18:20:42 CDT
It has been two weeks since Dr. Kim Anderson, Oklahoma State University grain market economist, appeared on SUNUP. Since that time, there has been a $0.45 drop in the price of wheat. Dave Deken of SUNUP asked Anderson to explain what has happened that has caused this dip in the wheat market.
“I think the market is just watching the crop out in the field,” Anderson answered.
Across the state and wheat growing regions, around the country and the world for that matter, are looking to be in relatively good conditions at the moment.
Anderson says the market, anticipating - not a big crop, but a good quality crop, has responded with a drop in prices, as little to no decline in supply is expected come harvest time.
Currently for Oklahoma, wheat prices fall between $3.20 and $3.50, mostly around $3.33 - $3.35.
Anderson continues to advise producers to stick with the strategy of using all available technologies and management options to produce the highest quality crop possible to remain competitive in a global marketplace now adjusting to increased production in Russia and the Ukraine, lower foreign taxes and a high dollar.
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 Dr. Anderson’s weekly chat - the SUNUP crew has a very full lineup for your viewing this weekend:
This week on SUNUP, we open the show from the fire-scorned rangeland of Harper County
- First, we start with a wheat update from David Marburger.
- In the Mesonet weather report, Al Sutherland shows us the recent temperature fluctuations and Gary McManus tells us if any parts of Oklahoma may be coming off the drought monitor.
- Derrell Peel has the latest on what he calls the current runaway cattle market.
- In Vet Scripts, Dr. Barry Whitworth has advice for poultry producers buying chicks.
- Then, we learn from Harper County ranchers, what it takes to rebuild when fire has taken most of their livelihood.
- In Cow-Calf Corner, Glenn Selk explains how to maintain body condition in cattle as they transition from calving to breeding season.
- Kim Anderson says although the price of wheat slipped 45 cents, producers need to focus on their crop. He says it will pay off in the end.
- Finally, in Food Whys, Tim Bowser has some creative gadgets for the kitchen.
Join us for SUNUP:
Sunday at 6 a.m. on OETA-TV
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