OSU's Kim Anderson Analyzes this Years Wheat Prices Vs. Last Years PricesThu, 17 Sep 2020 15:08:39 CDT
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets weekly on SUNUP.
Taking a look at this years prices versus last years prices Anderson says, "Well, if you look at our prices they're around $4.40 cents a bushel. This time last year they were at $3.70. So our prices are about 70 cents per bushel higher than this time last year. 16 cents a bushel less than Russias. Anderson says he is surprised by the higher prices, "You look at what's going on in in the wheat situation, we are harvesting and record world crop, 28.3, billion bushels. The five year average is 27.6. Our ending stocks are projected to be 11.7 billion bushels, the five year average is 10.1. Our stocks to use ratio is 42.5%, compared to an average of 33.3, we're harvesting a record world corn crop, we're harvesting a record soybean crop in the world. Yes, I'm surprised at the higher prices." to hear more from Dr. Anderson, click or tap below.
This week on SUNUP, Alex Rocateli explains how to interseed winter forages such as wheat into bermudagrass.
- Then, Brett Carver introduces us to the five new wheat varieties released by OSU’s Wheat Improvement Team.
- Larry Sanders has a federal policy and economic update.
- In the Mesonet weather report, Wes Lee shows us how weather impacts crop progress. Gary McManus says there is an increasing likelihood for a wintertime La Nina.
- Kim Anderson tells us about Black Sea wheat and why Oklahoma producers should sell some wheat.
- Shannon Ferrell has information about the Mental Health Webinar Series.
- Finally, in Cow-Calf Corner, Glenn Selk explains how the length of the second stage of calving can impact the cow’s health.
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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