Kim Anderson Sees Little Upside to Wheat Market in the Short Term- PLUS This Weekend's SUNUP LineupThu, 14 Feb 2019 16:19:48 CST
Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson says that no price rally is in the cards at this moment- and it may well be April, May or even harvest time before the wheat market will have a chance to rally higher.
The global markets are about done buying Black Sea wheat- but shipments are still underway from the earlier buying and that is keeping demand for hard red winter wheat tepid. Dr. Anderson says it will take some export demand to pick up to have much chance of higher wheat prices. He adds that the domestic market will respond to better than average quality- better than average test weight and protein will be key to any premiums that farmers can hope to earn.
Kim's comments will be a part of this weekend's SUNUP show, as produced by Oklahoma State University's Ag Communications Department and to be seen on OETA both Saturday and Sunday. you can wait and catch Kim's comments then- or check them out now by clicking on the LISTEN BAR below.
Besides Kim Anderson's Wheat Market Analysis- the half hour SUNUP show is jampacked- Here's the Lineup:
- They start with Justin Talley’s research into patch burning to control horn flies on cattle.
- In Cow-Calf Corner, Glenn Selk has advice for getting the first few breaths into a calf, following birth.
- Then, Dave Lalman talks about studies on breeding cattle for maximum feed efficiency.
- Derrell Peel explains the research the agricultural economics department conducts on cattle markets and how it impacts Oklahoma ranchers.
- In the Mesonet weather report, Wes Lee explains how wet conditions in the fall and dry conditions across western Oklahoma are increasing fire dangers in that part of the state. Gary McManus says although parts of western Oklahoma and the panhandle are dry, there is a higher than average possibility for rain next week.
- Kim Anderson says the predicted price rally for wheat has been delayed, possibly until harvest, even though Russia is running out of wheat.
- Finally, we revisit a story highlighting Rod Will and Chris Zou’s research on how Eastern redcedar and other ground cover can impact watersheds.
Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
Segments will be available by Monday on You Tube- click or tap here.
Source- OSU Ag Communications
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