This Week on SUNUP Dr. Anderson Examines World Wheat Production and How the US ComparesThu, 06 Apr 2017 17:33:23 CDT
This week on SUNUP - Dr. Kim Anderson joins host Lyndall Stout talking world wheat production as harvest season begins around the globe, and just how Oklahoma fits into the equation.
“World market is starting off with a bang on production,” Anderson exclaimed.
“We’d like that world production to be a little lower than that,” he said referring to impressive reports of Syria and India’s crops. “But the important production will be when we get into the former Soviet Union countries and the European Union - those harvests that start in late July, August and September.”
According to Anderson, Syria’s crop is up significantly from the past several war-torn years of production, as is India’s crop, which may turn out to be a record harvest for the subcontinent that’s had rough luck in recent years. Anderson speculates that this year may hold opportunity for India to begin exporting again, unless they decide to stockpile.
As for the US, production is expected to be considerably less than last year with some estimates coming in at 1.9 billion bushels. Anderson says that could help in the efforts to reduce the amount of piled up wheat clogging bins currently around the Plains, and weighing down markets.
However, he continues to beat the same drum, insisting domestic wheat prices this year will fall to the mercy of one question.
“Our price is going to depend on, do we have protein,” he said. “That’s what we’re going to have to wait and see.”
Although, optimistically, Anderson says he believes there is more of an opportunity in the markets for higher prices rather than lower ones this year.
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 advice from Josh Lofton about summer crop plantings.
- In the Mesonet weather report, Al Sutherland shows us when we can expect our final freeze conditions of the season. Gary McManus details a big change in the latest drought monitor.
- Then, we learn about the wheat research milestone at the Magruder Plots and the celebration surrounding it.
- Kim Anderson says wheat exports are about double what they were last year, but it’s not enough to bump up the price.
- In Cow-Calf Corner, Glenn Selk explains why udder soundness is important when considering retaining cows.
- We have an announcement from the USDA, concerning CRP lands in Northwest Oklahoma.
- Derrell Peel explains why ground beef plays such a significant role in beef imports to the U.S.
- Finally, we head to Blaine County to see how 4-H is helping Watonga fourth and fifth graders bend and stretch into future leaders.
Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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