OSU's Kim Anderson Talks about the Increase in the Grain PricesThu, 12 Nov 2020 17:48:13 CST
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 increase in the grain prices, "If you go back to early August wheat prices, they've increased $1.50 cents per bushel to about $5.30 cents. Corn has increased $1.20 to $4.15. Milo has been on a tear! Milo has increased $2.15 cents a bushel for $5.75 cents and beans prices have increased $3.10 cents a bushel to $11.00." Anderson said some of the prices are still below average, "Well, surprisingly, wheat and corn is still below average. What at $5.30, it's 15 cents below the 10 year average of $5.45 cents. Corn is 45 cents below the 10 year average of $4.60 cents. Milo is 1.35 above average. That $4.40 cents on average, they're $5.75, and then you've got soybeans at 60 cents above average at an $11. That ten year average is $10.40." To hear more on the prices of grains, click or tap below.
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