OSU's Kim Anderson Says Wheat Prices May Peak Soon and Weather Could play a role in Planted acres WorldwideThu, 15 Oct 2020 15:43:40 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 talks about the higher prices this week, "If you look at this last week, one was Algeria, they offered $265 per metric ton, they paid $229 a metric ton last year. That's 98 cent price difference in the last year, and they didn't get it bought at $265 they had to pay a higher price. You got Ukraine, export wheat price hits two season high. In other words, two years ago was the last time we prices were this high. Russia wheat price up $8 a metric ton from previous week because of high demand. Will Ukraine plant in December? So what we got is significantly higher prices, and then we've got problems planting the Ukraine crop, and the Russian crop." To hear more from Dr. Anderson, click or tap below.
This week on SUNUP, Paul Beck shows us how a team of researchers is studying cattle stocking rates in western Oklahoma.
- Then, Laura Goodman explains what producers should look for in their pastures when calculating stocking rates for cattle.
- In the Mesonet weather report, Gary McManus says we’re entering the driest part of the year and a strengthening LaNina could limit any additional precipitation.
- Kim Anderson says wheat prices may peak soon and weather could play a role in planted acres worldwide.
- Courtney Bir has information about PPP documentation.
- In Cow-Calf Corner, Glenn Selk explains how to estimate hay needs for lactating and pregnant cattle.
- Finally, with the 2021 wheat crop just emerging, we are looking back at one of our favorite wheat harvest stories: SUNUP’s visit to Texas County in 2016.
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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