OSU's Kim Anderson Tells Producers to Pay Attention to the Signals The Market Gives YouThu, 16 Jul 2020 17:52:53 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 is talking about crop prices and how the market can giveth, but also taketh away, "We had a 20 cent rally this week in wheat prices and the market took back 10 cents of that., but at least we gained 10 there.'
Anderon says the WASDE report wheat projections are important because it reflects the base numbers, "Its not what is happening in the market, its what the market expects."
It seems we are still seeing some problems with the cotton crop. Dr. Anderson says the prices are where we expect them right now, "but we will have to see what happens with the cotton numbers as they come in from around the world." Anderson says right now the number to remeber is 60 cents, "we get good news with lower cotton production, higher prices, higher production, lower cotton prices."
This week on SUNUP, Brian Arnall explains how soil nutrition impacts grain quality and what producers can do now to help the next wheat crop.
- Then, in a new segment called Extension Explains, Dwayne Elmore tells us about yarrow and why it is so adaptable in the northern hemisphere.
- In Cow-Calf Corner, Glenn Selk explains the science behind working cattle in the morning instead of the evening.
- Dr. Barry Whitworth has information about vesicular stomatitis and its entry into Oklahoma.
- Kim Anderson explains why USDA reports are necessary for producers who are building a marketing strategy.
- In the Mesonet weather report, Wes Lee shows why good rain does not mean sustained soil moisture. Gary McManus says any rain in July is appreciated, but more is needed to slow the expansion of drought.
- Finally, in Food Whys, Darren Scott talks about the origin of bottled water. He also explains the differences in the types of water.
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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