Not Much Movement in Commodity Markets Now, But Kim Anderson Says Don't Expect it to ContinueThu, 27 Sep 2018 17:17:45 CDT
Producers have entered a time of the year when crop prices see very limited movement in the markets. During the past three weeks, only wheat has made any relatively notable price moves working up 32 cents from $4.75 to $5.08- although the bulk of that value occurring during one isolated period. The price of corn has moved only within a 7 cent range at an average price of $2.73. Soybean prices were adjusted 31 cents, though that is not considered remarkable from a soybean perspective.
Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson spoke to the recent market activity in a recent interview with SUNUP Host Dave Deeken, that will air this weekend. According to him, the inactivity in the markets can be attributed to the fact that the industry has gained a firm handle on the size of the crops globally. However, he says the data does continue to be adjusted as further information comes in.
In order to burst this bubble and spark upward movement, Anderson says the more information that comes in that paints a better picture of the available global stocks of these crops will obviously help. In addition, increased export demand for corn and soybeans as well as lower worldwide production, will also help to buoy prices.
As that information comes in and markets take the interim to process it, Anderson advises producers to carefully watch for market signals prompted by Russian crop production as well as US and global production of corn and soybeans- both of which are expected to be very large.
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 Deeken's weekly chat with Dr. Anderson- the SUNUP crew has a very full lineup for your viewing this weekend:
This week, we visit the entomology lab to learn about the fall armyworm from Tom Royer.
- In Vet Scripts, Dr. Barry Whitworth explains why dewormers for small ruminants are not as effective as they once were and looks at how producers can still manage the health of their animals.
- Josh Lofton has an update on summer crops as they near harvest and offers advice for canola producers as planting continues. He also has information about the upcoming All-Crops Conference in February.
- In Cow-Calf Corner, Glenn Selk explains research into breeding effectiveness of fall-weaned heifers that have either been on wheat pasture or fed supplement.
- Then, Derrell Peel says there could be profit in running cattle on wheat this year.
- Finally, in the Mesonet weather report, Wes Lee looks at one of the largest recorded September rainfalls, which happened last week. Gary McManus says it appears drought is on the run in southwest Oklahoma, but it is holding strong in Osage County.
Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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