This Week on SUNUP - The Good, the Bad and the Ugly When It Comes to Global Wheat MarketsThu, 13 Apr 2017 17:37:18 CDT
This week on SUNUP - Dr. Kim Anderson joins host Lyndall Stout with an update on world production plus the good, the bad and the ugly on the global wheat market.
Starting with the ugly, Anderson says that US projected ending stocks of wheat are the highest they have been since 1987. Wheat producing countries around the world are singing the same tune as well, now for the fourth year in a row.
Moving on to the bad news, Anderson says there is a lot of moisture hanging around wheat producing areas across the globe.
“As we all know, rain makes grain,” he quipped.
He explains that if these rains continue, this upcoming harvest may result in another year of record yields which would mean the low price of wheat would persist.
The good news though, foreign export demand for HRW has been exceptionally good, almost double the rate of last year. Anderson adds, too, that wheat acres are the fewest they have been since the early 20th century. This limitation will help to restrict our domestic production.
Anderson also says, that the market is in need of good milling quality wheat. If that is in fact what American producers have grown this year, they can rest assured there will be demand for it.
Right now, Anderson reports wheat prices standing at $3.60. However, he is predicting prices will climb to around $4.00 by harvest and steadily increase depending on the quality of the crop.
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 fungicide advice for wheat growers from Bob Hunger.
- In Cow-Calf Corner, Glenn Selk has suggestions for alternative weaning dates for fall-calving herds.
- Then, Dave Lalman has nutritional advice for transitioning your herd from feed to forage.
- In the Mesonet weather report, Al Sutherland shows the march of humidity back into the state, and Gary McManus has a drought monitor that is red free.
- Kim Anderson says wheat exports nearly doubled this year, but the rains may keep the prices low.
- In Naturally Speaking, Dwayne Elmore explains why shinnery oak is important to wildlife in western Oklahoma.
- Finally, we head to Ellis County to see how NREM student researchers are tracking wild turkeys.
Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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