OSU's Kim Anderson Talks with SUNUP about How Low Oil Prices Impact Wheat PricesThu, 16 Apr 2020 16:17:06 CDT
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets weekly on SUNUP.
This week Dr. Anderson says there's a lot going on in the grain markets right now. Oil prices are low, and low oil prices impact corn prices, and corn prices effect wheat prices. Anderson says as far as future prices are concerned if you take the three main things: Oil, COVID-19, and the dollar index they all create risk and volatility in the market, but he says you can still buy and sell wheat at the current prices. Click below to hear the complete analysis with Kim Anderson on SUNUP.
This week on SUNUP, Josh Lofton has an update on canola and the planting windows for summer crops.
- Then, in the Mesonet weather report, Wes Lee shows us how far temperatures dropped during the recent cold snap and for how long. Gary McManus says parts of the state have not had a measurable amount of rain in over 110 days.
- Derrell Peel says cattle producers are feeling the pain of a clogged beef processing sysytem.
- Paul Beck has options for cattle producers who have livestock ready for marketing.
- In Cow-Calf Corner, Glenn Selk explains why it is important to finish breeding season before the heat of the summer.
- Dave Lalman show us how to determine how much moisture is in forage.
- Kim Anderson says wheat markets are indirectly impacted by the low prices of oil and corn.
- Finally, Alex Rocateli has advice for producers growing bermudagrass for forage.
Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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