Kim Anderson Says Not Much Movement in the Markets, Predicts When to Expect the Needle MoveThu, 17 Jan 2019 17:04:04 CST
This week on SUNUP! - Host Lyndall Stout is again joined Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson to talk about the current grain market conditions. According to his analysis, markets have seen only limited activity over the past few weeks.
Anderson says all major crop markets are currently trading within very narrow ranges and in consistent sideways patterns. The only crop that seems to have positive movement right now is soybeans. Although in recent days the price of beans has been lower, it does have a long-term uptrend overall.
“There’s just not much happening right now,” Anderson remarked, adding that any future activity will depend on news from foreign countries.
Possible developments that might have a significant impact moving forward, might include definitive answers on when China will return to purchase US soy or specific information about the ongoing Brazilian harvest - which recent weather reports have given cause for concern.
What would help American wheat farmers most, though, would be Russia and Ukraine’s exit from the global market in order for the US to take advantage of the residual export demand. Until such time that happens or until the current crop comes out of dormancy - few marketing decisions can be made by farmers. Anderson reports that currently, farmers can forward contract their wheat for 2019 in Oklahoma for a price somewhere between $4.50 and $4.75.
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 Lyndall's weekly chat with Dr. Anderson- the SUNUP crew has a very full lineup for your viewing this weekend:
This week on SUNUP, Josh Lofton tells us how the mix of cold and warm temperatures this winter have impacted the canola and what crops. He also previews the upcoming
- In the Mesonet weather report, Wes Lee looks at how the recent rains have impacted soil conditions, and Gary McManus says we can expect more precipitation this winter.
- Gary Strickland invites viewers to the Red River Crops Conference.
- Brian Arnall says with the amount of rainfall in the state, nitrogen and sulfur leaching is likely and tells us how to combat the issue.
- In Cow-Calf Corner, Glenn Selk covers the guidelines for Stage 2 calving and when producers should intervene.
- While this wet winter weather has impacted our crops, Derrell Peel says cattle producers are feeling the effects as well.
- Randy Taylor and Wayne Kiner explain what polarity is and how to handle electric tools safely, in Shop Stop.
- Finally, Amy Hagerman explains the challenges Oklahoma producers are facing during the government shutdown.
Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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