Agricultural News
This Week on SUNUP! Kim Anderson Analyzes the Latest Supply and Demand Report Numbers
Thu, 11 May 2017 18:40:31 CDT
This week on SUNUP - OSU's Dr. Kim Anderson joins Dave Deken again, taking a look this episode at the numbers in this year's first World Agriculture Supply and Demand Estimates report out this week from the USDA.
According to Anderson, US wheat production estimates have come in for this year at 1.82 billion bushel, down significantly from last year's crop of 2.31 billion bushels. That is compared to world production numbers, estimated at 27.1 billion, same as 2015's numbers and down from last year's record of 27.7 billion bushels.
"I think this is good news that there was lower production in the US, Russia, Canada, Australia," Anderson said. "All are HRW competitors - looking good on the production side."
Anderson says good news, too, on ending stocks which USDA reports the US at 914 million bushels down from 1.16 billion. World ending stocks though are up 9.5 billion bushels from 9.4.
"We should have some positive price increase but it's going to be limited by those world stock," Anderson said.
Although this report show we are at least headed in the right direction, Anderson says it will probably not be until the 2018-19 marketing year before we start to see a significant change in wheat prices here in Oklahoma.
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, David Marburger has an update on the wheat crop as Oklahoma moves full speed toward harvest.
-Next, Brian Arnall offers advice on managing soil fertility after significant rainfall. He also invites viewers to the 125th Harvest of Magruder Plots Field Day on May 19.
-In Cow-Calf Corner, Glenn Selk helps producers decide when it's time to cull an unruly cow.
-Gant Mourer previews the upcoming Animal Science Road Trip, which departs May 31 from Lawton.
-Then, Kim Anderson analyzes the latest supply and demand report.
-In the Mesonet weather report, Al Sutherland looks at recent rainfall totals and soil temperatures.
-Finally, Patricia Rayas-Duarte and Sarah Schobert explain their research on probiotics for poultry.
Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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