This Week on SUNUP - Dr. Kim Anderson Examines the Reasons Why Wheat Prices Continue to FallThu, 30 Mar 2017 17:28:35 CDT
This week on SUNUP, Oklahoma State University Grain Market Economist Dr. Kim Anderson talks wheat prices with host, Lyndall Stout, who begs the question as to why wheat prices have continued to fall this week more than $0.50 from $3.83 to now $3.30.
“I think the biggest reason this has happened is probably the crop conditions in the US and around the world,” Anderson hypothesized.
He adds that excess stocks both domestically and globally continue to weigh on markets as well. Meanwhile, Anderson says too that with the advantage of geographical convenience and the ability to sell at lower prices, the former Soviet Union states are absorbing more and more market share from the US, exporting to large wheat consumers like Egypt and the Asian markets.
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 start with a canola crop update from Josh Lofton and information about the upcoming field tours.
- Then, we head to Woods County, where John Weir shows us how the landscape has transformed since fire ravaged the area one year ago.
- In the Mesonet weather report, Al Sutherland shows us the parts of the state that got the most rain. Gary McManus says this rain will help the next drought monitor.
- Tom Royer explains how fire ants can move to new ecosystems and what it takes for them to stay in that area.
- Kim Anderson says rain is good for the wheat plant, but it is not good for the price.
- In Cow-Calf Corner, Glenn Selk has advice for planning how many bulls to put with a herd of females.
- Finally, we head to Pushmataha County to see how 4-Hers are helping folks make reentry into society a little easier.
Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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